RIM shares soar nearly 7% on rumors of Samsung investment and phone
Share:
Collin Gillis, an analyst with BGC Partners who has a "sell" signal on RIM, says that Samsung along with other Android manufacturers, is concerned about what Google has in mind after its purchase of Motorola Mobility is completed. Gillis says that both Samsung's home grown OS bada and Microsoft's Windows 8 could give Samsung some answers if Google changes its licensing strategy for Android. The analyst, who believes that this will be the year that Windows Phone hits the big time, says that talks between Samsung and RIM for the use of BlackBerry 10 OS are likely to have occurred and the speculation is that Samsung will throw $1.5 billion into the shrinking RIM vault.
 |
Times are tough for RIM investors |
Gillis adds that having Samsung produce smartphones powered by BlackBerry 10 OS could be a negative for RIM because the Korean firm makes better phones than RIM. Back in January, word leaked that RIM was only building one new smartphone powered by the new OS. If that proves true, it will leave plenty of room for other manufacturers to produce BlackBerry 10 OS flavored phones.
Even with today's rise, RIM's stock is well off the 52 week high of $64.63.
source: DowJones
Share:
Verizon new iPad can run AT&T 3G 
Cut The Rope: Experiments HD finally hits Android 
23 Comments
1. GALAXY-S posted on 16 Mar 2012, 17:38 1 5
O_o hmm SGS3 with BB10 os? would not be a very pretty combo!
bt hey anything to save the dying company
I know this articles says nothing bout SGS3 but thats the first thing that comes in mind when i think samsung..
7. a_tumiwa posted on 16 Mar 2012, 20:55 1 0
Galaxy Line always use Android, if Samsung want to use BB10, then they wont use Galaxy name.
2. davelisa3210 posted on 16 Mar 2012, 18:24 1 1
If the Canadian government doesn't want any foreign investors buying RIM, we'll.......BAIL THEM OUT!!!!
3. jove39 posted on 16 Mar 2012, 18:58 1 3
Too late for RIM Blackberry is done...and Samsung should not be panicked...Google has already clarified their stand on keeping Android and Motorola separate.
20. Lucas777 posted on 17 Mar 2012, 14:08 0 0
samsung already has some eggs moving into other baskets such as wp and bada… google might promise to keep moto separate but come on, if there was a lion with some meat nearby how trusting would u be that he won't eat it?
22. Philipb posted on 18 Mar 2012, 03:24 0 0
google has said a lot of things... dont be fooled so easily
if they can they will try to dominate
4. andrew1953 posted on 16 Mar 2012, 19:12 1 0
Still in the long run,if the extra money tipped in by Samsung helps RIMturn out a much better version of BB10 software/phone wise it will be worth it.Something has to happen to refocus the market spotlight on RIM ina positive way.
5. GeekMovement posted on 16 Mar 2012, 19:30 3 0
One of the problems with RIM is that their products are always overpriced (at least in my opinion). For example their latest Bold is still $199 on contract with Sprint while many 4g devices that came out around the same period or later are already dropping down to $99. I know, not much of a big deal, but with the Bold 9930, it's still single core processor (which I know still runs smooth for the most part), no front camera, no 4G, etc.
They really need to match their prices with their devices.
I look forward to their Blackberry 10 devices and hope they will be able to come back.
6. theBankRobber posted on 16 Mar 2012, 19:31 1 5
I don't see this year being Microsofts year. They can't even sell WP7 phones let alone talks about W8 phones and tablets. Not saying they aren't good phones but Microsoft still has yet hit a key point that's direct with the consumer.
13. remixfa posted on 17 Mar 2012, 04:21 1 0
The nokia Lumia series is selling very very well, actually. There is a reason Nokia became the top WP7 manufacturer all of 2 months after they started selling them.
21. Lucas777 posted on 17 Mar 2012, 14:10 0 0
as remixfa said, windows phone is selling very well with nokia, hence other places such as europe… it sells better over there which is somewhat odd, but eventually it will gain traction in the us market.. it just needs time to gain off of other companies decomposition
8. darktranquillity posted on 16 Mar 2012, 20:58 0 0
Shhh... Don tell anyone, htc is gonna take over RIM:-|
9. a_tumiwa posted on 16 Mar 2012, 21:01 0 0
i dont understand, why Samsung want to invest so much money for BB10 when its better to invest money for linux-based OS like WebOS. WebOS already have more than 7000apps, so dont need to start from zero
10. Glim12808 posted on 16 Mar 2012, 21:26 0 1
What happened to Tizen? Is that still on??? So now it's BB10??? Also, didn't Samsung say no WP this year? How come there are rumors surfacing from different sources saying that the Samsung WP7 Mandel is imminent??? How about Bada, is that on again???
For the top dog Android OEM, it's beginning to look like Samsung is frantically looking for a fallback position with regards to Android. Is there something they know that they're not telling?
11. mercorp posted on 17 Mar 2012, 01:34 0 0
then samsung could call its bbos range the strawberry/blueberry/raspberry s/y/m/r/w,whatever.....
12. digicon posted on 17 Mar 2012, 01:51 0 0
What shrinking RIM vault ? I said before , I think Samsung is just looking for a backup plan . They have increased investment into Bada , and now they are thinking into diversifying their OS's . So , in case anything happens (negatively) from Google , they aren't left out in the cold . They may call it an investment , but it may also be a down payment to use the BB OS .
14. remixfa posted on 17 Mar 2012, 04:23 0 0
People forget that most of RIMs money comes from BES subscriptions, not from phone sales. They were not in trouble until they started losing the business market they had locked down.
That said, a superphone with samsung hardware and BB10 on it sounds like a winner. It wouldnt need all the best hardware, but a dual core exynos 4212 chip, fat battery, and a SA+ screen would sell that phone like crazy.
15. christianqwerty posted on 17 Mar 2012, 09:27 1 2
Samsung phones have the newest technology but aren't reliable, blackberry may not have the newest technology, but they are reliable, durable, and have great battery life. If they mix, then i wouldn't buy a BB10 device.
16. parkwaydr posted on 17 Mar 2012, 10:40 1 2
No reliability?
I'm sorry but you don't get voted phone of the year by having "no reliability"
17. christianqwerty posted on 17 Mar 2012, 11:44 1 0
I'm speaking from personally experience , 2 of the 2 Samsung phones I've had either had to be retuned for defect or is having hardware problems while my 2009 blackberry curve is still up and running.
18. parkwaydr posted on 17 Mar 2012, 13:40 0 0
While I do agree with you about bb hardware, I think your experience with Samsung might be a fluke, I've never personally owned a Samsung I know plenty of people who have owned feature phones, my wife has the sgs2, and I have plenty of friends and family who still rock the sgs1 and none of them have ever had any problems.
19. parkwaydr posted on 17 Mar 2012, 13:44 0 0
If this were to happen, I think if bb can step up big with bb 10 and Samsung delivers a galexy esk quality piece of hardware, this would be an outstanding combo, one that I personally would buy
-
1.
Samsung officials confirm 5.9-inch Note III will come at IFA in September, Galaxy S4 to hit 10 million sales next week
-
2.
What happens when the HTC One is overclocked to 2.0GHz?
-
3.
Rumored specs for the "rugged" Samsung Galaxy S4 reveal a different processor under the hood
-
4.
Alleged Samsung Galaxy S4 Active photos show rugged yet slim chassis
