Friday, 13 January 2012

Rim - BlackBerry maker has hired investment bank Goldman Sachs





CNet reports

'The BlackBerry maker has hired investment bank Goldman Sachs to help it field potential buyout offers, according to the rumor mill on the Wall Street trading floor. Speaking to Fox Business yesterday, one unidentified trader said that RIM is "up on Goldman," but cautioned that it doesn't mean a sale is coming anytime soon.
Even so, all that speculation was enough to see RIM's shares jump over 5 percent yesterday to settle at $16.44. It was a much-needed boost for a stock that has been slumping over the past year, declining nearly 74 percent in the last 12 months alone.'