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RIM is trading at 10-15 times 2010 earnings. A few weeks ago, these same analysts thought that 30-35x was an appropriate figure. My, how times change.
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Brilliant. And I thought it was the market crashing that was dropping trades down so low.
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But, sadly, that doesnxxx8217;t mean that it will be able to resist an opportunistic takeover offer from the likes of Microsoft (MSFT) et al.
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MSFT? More like SMFH.
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The best positioned to do a deal is certainly Microsoft.
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Yes, because they are known for stable, secure devices.
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The iPaq was almost as xxx8220;usefulxxx8221; as the Palm, and with no cell phone offering
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Mine is still useful....at least I'm sure it would be if I could find it.
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Jim and Mike are adding more than 1 million additional subscribers each and every month.
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Well, if there was ever a reason for a company to fear a buyout.....
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Nokia (NOK) is an oft rumoured bidder for RIM, but with a relatively modest market cap, a weak EPS multiple, and only $8 billion in cash, it couldnxxx8217;t get close to offering something of interest to shell-shocked RIM shareholders.
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And?
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IBM has resources, of course, but the lack of interest in consumer products must ensure they sit on the sidelines of any RIM M&A party.
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They are much too busy tanking the hosting of my company's SAP implementation.
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Round and round the horn one may go on this issue, but you alwayscome back to mighty Microsoft.
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Yes, that's because I just had to reboot my PC again.
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To think that we investors thought RIM was xxx8220;cheapxxx8221; at $115/share just a few weeks ago.
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It was. Now it's cheaper. Like EVERY OTHER stock right now. Get a clue.
If you mean the stock, it's RIMM. Get it right.