Patent Portfolio worth $3.3 Billion + $2.3 Billion in Cash. $18 Book value?? Motrola Mobility buyout $12 billion.
We are trading at a $7 billion market cap at $13.63 a 24% to tangible book value at $18. If a buyout offer comes in expect it to be at least $12 Billion, that's what Motorola Mobility got purchased for by Google. At $12 billion market cap we are looking at a stock price of $25 a share. Right where Facebook stock is. I wouldn't doubt it if Facebook does a 1-1 FB for RIMM share merger deal. They said in their prospectus they want a face phone.
Well Apple owns part of them with them. So do some fact checking.
Analyst Peter Misek last year put a $2.5 billion value on this portfolio which included the jointly owned Nortel portfolio which RIMM reportedly paid $780 million out of the $4.5 billion paid by the consortium of Apple, EMC, Ericsson, Microsoft, RIMM and Sony.