Sterne Agee: RIM still a solid acquisition target, but only at a discount

Sterne Agee: RIM still a solid acquisition target, but only at a discount

January 18, 2012 12:44 pm 0 comments


Struggling smartphone vendor Research In Motion is still a solid takeover target according to a new report, but only at a deep discount below RIM’s already low market value. RIM has lost 75% of its value over the past year but Sterne Agee analyst Shaw Wu says RIM’s true value lies below its current market capitalization, which sits at approximately $ 8.7 billion. Logical buyers according to Wu include Samsung — though the company has gone on record instating it is not interested in acquiring RIM — as well as Amazon, Microsoft and maybe even Facebook. Read on for more. “While we believe there is some intrinsic value in RIMM as an acquisition target with its 75 million subscribers, patent portfolio,
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