Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

RIM Shares Gain on Speculation Company Hired Strategic Adviser

Jan. 12 (Bloomberg) -- Research In Motion Ltd., maker of the BlackBerry smartphone, advanced on speculation that the company has hired a strategic adviser.

RIM rose 5.3 percent to $16.44 at the close in New York. The Waterloo, Ontario-based company’s stock has jumped at least 5 percent more than 10 times since the beginning of August on speculation a decline in its valuation will invite a takeover.

“That’s what’s driving it, exactly,” said Matt Thornton, an analyst at Avian Securities LLC in Boston. There have been several similar rumors recently, said Thornton, who rates RIM “neutral.” “Whether this has any more meat to it, is hard to say.”

Heidi Davidson, a spokeswoman for RIM, said the company doesn’t comment on market rumors or speculation.

Link to Company News:{RIM CN <Equity> CN <GO>}

To contact the reporter on this story: Hugo Miller in Toronto at

To contact the editor responsible for this story: Ville Heiskanen at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.