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Is Vodafone Buying RIM

RIM (Research In Motion), the creators of the Blackberry, have seen their stock and livelihood on one intense roller coaster ride, pretty much since the release of the iPhone.  When Android hopped on the scene a year later RIM continued to go down hill, never regaining their footing.

Rumors have been hot and heavy that European wireless giant, and co-owner of Verizon Wireless, Vodafone, may be contemplating a purchase of the Waterloo Canada based company. The rumors are so heavy that RIM’s stock shot up 14% halfway through the day.

Analysts have harshly criticized RIM’s decision to keep co-CEO’s Mike Lazaridis (creator of the Blackberry) and Jim Balsillie on board in the co-CEO capacity.

Vodafone declined to comment to Reuters on the story but analysts of course say it’s unlikely that a wireless provider would buy a phone manufacturing company, although no one expected Google to do that either.

source: Reuters

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