VoIP Now: RIM Mum On Stock Options Review

January 01, 2007

RIM Mum On Stock Options Review

The NY Times had a story on Christmas day regarding a RIM stock options review. RIM, maker of the BlackBerry, initiated the review in Sep 2006 themselves but have not provided investors or regulators much in the way of details. Even the letter submitted to the OSC (province of Ontario Securities Commission) didn't clear things up much. The stock jumped approximately US$50 between Sep and Dec. More details at the NY Times (free registration may be required).

RIM got out of a patent infringement lawsuit earlier this year and recenty levied a copyright infringement lawsuit on Samsung's Blackjack device, amidst a great Q3 2006 in terms of revenues. Regardless of the hubbub, RIM seems like teflon, able to weather the goings on, fair or otherwise. I've met former employees who retired early because their stock options made them young millionaires. My feeling is that the company will continue to make millionaires for a long time because of good overall management and vision. [I own no RIM stock, but may purchase some in late 2007.]

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January 1, 2007 in Business, Phones, Regulation | Permalink