Analysts skeptical as RIM reviews strategy

Apr 12 2014

A logo of the Blackberry maker's Research in Motion is seen on a building at RIM Technology Park in Waterloo(Reuters) – Research In Motion Ltd's move to hire bankers for a strategic review and scout for partnerships prompted a slew of price-target cuts from analysts, who were skeptical about the BlackBerry maker's ability to attract a buyer. The company on Tuesday said it hired bankers from J.P. Morgan Securities LLC and RBC Capital Markets to help evaluate its strategies. "A potential buyer remains uncertain, and potentially a long shot in our judgment," analysts at Robert W. Baird said, adding they would be surprised by an acquisition by an existing OEM. …

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    Originally posted 2012-05-31 19:39:45. Republished by Blog Post Promoter

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