Nov 5th, 2009 - Reuters
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TORONTO (Reuters) - BlackBerry maker Research In Motion Ltd announced a share buyback worth up to $1.2 billion on Thursday, but analysts said competitive concerns will continue to exert pressure on the company's stock.
RIM's shares climbed 3.2 percent after the Waterloo, company said it would repurchase up to 21 million shares, or 3.6 percent of outstanding common shares on Nasdaq. RIM hasn't bought back any stock in the last year.
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UPDATE 1-RIM says authorized to repurchase $1.2 bln of shares
Nov 5th, 2009 - Reuters
* To buy back about 21 mln shares * Share buyback may commence Nov. 9 Nov 5 (Reuters) - BlackBerry maker Research In Motion Ltd(RIM.TO) (RIMM.O) said its board authorized a share buyback ofup to $1.
RIM shares hit as competitive threat spurs downgrade
Nov 2nd, 2009 - Reuters
TORONTO (Reuters) - Shares of BlackBerry maker Research In Motion fell more than 6 percent on Monday after an analyst told investors to sell the stock because of mounting competition from other smartphone makers.
"Simply put...
