Sunday, December 30, 2012

What’s Up With RIM? Icahn Again? Breakup?

Shares of Research in Motion (RIMM) are setting up quite nicely this morning, considering its both a down day — the Nasdaq Composite Index off half a percent — and considering Apple (AAPL) is to host its iPhone briefing at 1 pm, Eastern time, this afternoon.

RIM stock is up 96 ends, or almost 5%, at $21.46, and earlier went as high as $22.49.

That’s better than Apple shares are doing, up just 9 cents a fraction of a percent, at $374.69.

I’m going to go out on a limb and suggest that it may be a return of last week’s rumor, circulated by Hugo Miller and Scott Moritz of Bloomberg, that Carl Icahn is buying a chunk of the stock. However, there’s not new indications of that today.

Buzz here and there suggest it could also be some other kind of breakup or restructuring attempt by RIM. Then again, there could be a sense today’s Apple event is less threatening to the company’s franchise than previously thought.

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