RIM Pares Gains as Analysts Say a Buyout Bid Is Unlikely

Research In Motion Ltd., maker of the BlackBerry smartphone, pared gains in Nasdaq trading after analysts said a buyout is unlikely as company executives focus on guiding their own turnaround.

As long as Co-Chief Executive Officers Jim Balsillie and Mike Lazaridis keep telling investors they’re determined to engineer a recovery by themselves, buyers will be wary, said Stuart Jeffrey, a Nomura Securities analyst.