Analyst speculates RIM will buy Palm
13th Nov 2006, 21:27 GMT
Filed under: RIM, Competitors In a note to investors this morning, ThinkEquity analyst Jonathan Hoopes quite literally jumped through the hoop. He's saying Motorola's purchase of BlackBerry email rival Good Technology- announced last Friday to some momentary consternation on the part of RIM investors- increases the chances that Palm will eventually be acquired. Acquired, that is, by the BlackBerry-maker itself. "In our opinion, Motorola's decision to buy Good Technologies further increases the probability that a vendor of mobility solutions will make a bid for Palm as participants in the quickly evolving communications space seek to build their asset portfolios in an effort to establish defensible positions," Hoopes wrote. RIM investors seem to like this type of speculation. At 2:10 p.m. ET this afternoon the stock was trading at $127.27 a share. If RIM closes the day at that point, it would be another all-time high. Read | Permalink | Email this | Linking Blogs | Comments
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