Sun, Sep 21, 2014, 9:18 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

BlackBerry Limited Message Board

  • maveric_trader1 maveric_trader1 Jan 24, 2013 9:31 PM Flag

    Research In Motion Could be the Next IBM

    Research In Motion Could be the Next IBM

    By Benzinga, January 24, 2013, 03:33:56 PM EDT
    Vote up

    Eight years ago, IBM (NYSE: IBM ) sold its personal computer business to Lenovo. In the years since, Lenovo has become the world's second-largest PC manufacturer behind Hewlett-Packard (NYSE: HPQ ). For a brief time, Lenovo actually took the lead. Now Lenovo hopes to imitate that success with its smartphone initiative. The company already produces a number of smartphones for Chinese consumers, but the firm has its eyes on the global market.

    Now Lenovo has shared its intent to acquire BlackBerry maker Research In Motion (NASDAQ: RIMM ) -- if and when the right deal comes along.

    "We are looking at all opportunities -- RIM and many others," Wong Wai Ming, CFO of Lenovo, told Bloomberg . "We'll have no hesitation if the right opportunity comes along that could benefit us and shareholders."

    Nick Manning, a spokesman for Research In Motion, told the publication that his firm has "no update on our strategic review at this time."

    Sentiment: Buy

 
BBRY
10.89+0.14(+1.30%)Sep 19 4:15 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.