It seems that the Blackberry is no longer a crackberry for those who love this QWERTY-endowed smartphone, as most consumers have moved on to full touchscreen display handsets in order to get their smartphone fix. This, coupled with the relative failure of the Blackberry Playbook, has battered RIM’s (Research In Motion) shares in recent memory. Having said that, there were whispers of different companies who are looking at RIM as an acquisition target, and this bit of holiday cheer (whether true or not, it remains to be seen) have caused the market to react positively, enabling RIM’s shares to jump the most in 10 weeks.
Microsoft, Nokia and Amazon are the purported potential suitors, and out of the three, it would seem that they have the relevant financial firepower to pick up the Canadian-based company. RIM rose 8.8% to touch $13.62 at 9:46 a.m. in New York, this coming after going up by as much as 13% earlier in the morning to register the biggest intraday jump since October 5th. Do you think RIM will be assimilated under another company in due time, or will they have a brilliant turnaround plan? Only time can tell, as we sit at the sidelines and watch.Related articles: