Rumor: Vodafone could possibly purchase RIM

Rumor: Vodafone could possibly purchase RIM
Shares of RIM have jumped 14 percent today after an unsubstantiated rumor hit that Vodafone should look into purchasing RIM.

Vodafone declined to comment on the story, but most analysts have brushed off the report. In the past, it has been seen as very unlikely for a wireless carrier to purchase a handset maker.



The Canadian smartphone maker has lost over 60 percent of its value this year and about 84 percent of its value since the launch of iOS and Android.

Alongside delayed products, a failed tablet and a huge decline in revenue, RIM has simply fallen out of favor in the smartphone world, with Android and iOS becoming the only two players in the game. Microsoft's Windows Phone 7 is also being slowly adopted but is being updated faster than any RIM product.

All that being said, RIM still has a market value of $11 billion and is wildly profitable although the those profits are quickly falling.

Written by: Andre Yoskowitz @ 5 Oct 2011 14:45
Tags
Vodafone RIM acquisitions
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