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Cisco, Microsoft, IBM and Nokia – The Only Four Big Enough To Eat RIM

RIM is worth almost $50 billion in market capitalization
By BlackBerry News Desk
Article Rating:
September 4, 2007 06:30 PM EDT
Reads:
 16,789
Eating blackberries is easy; but eating BlackBerry would be more challenging. That was the conclusion of one analyst commenting on the rumors this week that Microsoft might be thinking of buying BlackBerry-maker RIM. Barry Richards of Paradigm Capital in Toronto told The Canadian Press that, in view of RIM's colossal $50BN market cap, "We are running out of possible acquirors and we are now left with Cisco, Microsoft, IBM and maybe Nokia."

RIM reported first-quarter revenue in June of more than $1BN for the first time ever, while net profits jumped 73% to $232.2M, making the Canadian high-tech company a very big mouthful for anyone else to swallow. (20%over Microsoft's own market cap, for example.)

Gartner's Ken Dulaney called the Microsoft acquisition rumors "stupid" and said he would give it "zero possibility" when asked by a reporter. 

Neither RIM nor Microsoft is commenting on the speculation.

Published September 4, 2007 – Reads 16,789
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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SYS-CON's BlackBerry News Desk brings the very latest news, views, research and industry developments relating to the increasingly complex data-rich mobile applications made possible by the BlackBerry platform from Research In Motion.

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