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RIM Hires Goldman Sachs to Explore Sale
Stocks Jump on Rumor That Won't Go Away
by Karl Bode Friday 13-Jan-2012 tags: business · wireless · alternatives · bandwidth · wireless
Looking to buy a one-time powerhouse wireless device maker who is now plagued by unexplainable service outages, launch delays, belligerently-drunk executives and perpetually underwhelming product offerings!? You may soon have your chance, as Reuters reports that RIM has hired Goldman Sachs to explore a possible sale of the free-falling company. More specifically Goldman has been hired to explore all potential options including sale, but with the company in free fall it's probably hard to nail down a price. RIM executives seem insistent they can still turn the ship around, despite their Blackberry 10 smartphones (their one, uncertain hope of competing with iOS and Android) being delayed until late this year or early next.

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David
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I got a $1

subject says it all.

mmay149q
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Re: I got a $1

David the American dollar is only worth 2 cents now because of the Federal Reserve and it not be backed by Gold anymore, so you're offering 2 cents to buy my company?!?! Oh noes!11!1!1

Matt
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Re: I got a $1

said by mmay149q:

David the American dollar is only worth 2 cents now because of the Federal Reserve and it not be backed by Gold anymore, so you're offering 2 cents to buy my company?!?! Oh noes!11!1!1

Matt

well you know.... I did technically offer "penny for your thoughts!"

LOL
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kapil
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There is plenty wrong with the U.S. Dollar...not being backed by gold is not one of those things. Fucking Ron Paul and his idiotic supporters who don't get basic economic theory. SMH!
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mmay149q
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Re: I got a $1

said by kapil:

There is plenty wrong with the U.S. Dollar...not being backed by gold is not one of those things. Fucking Ron Paul and his idiotic supporters who don't get basic economic theory. SMH!

Really? What is not known? I'm just curious because you've got all of human history against you when it comes to Gold and Silver being the standard for money.

Matt
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desarollo

join:2011-10-01
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Re: I got a $1

Why gold? Why not peg the dollar to another commodity like oil, corn, soybeans or pork bellies? Everyone loves bacon, I'm thinking pork bellies would be the ideal choice.

Now think long and hard before you throw at me a Glen Beck reason as to why it needs to be backed by gold, and ponder this: If you back your dollar with gold, what happens to the value of your money when someone discovers 20 billion dollars worth of gold? 50 billion dollars? A trillion dollars? How about someone just *announces* they found that volume of gold; what happens?

What happens to the value of your money when they can't find any more gold?

Get the idea? Gold isn't stable, except atomically. Someone in gold rich countries can affect the dollar if it is backed by gold. Not wise.

DataRiker
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4 edits

Re: I got a $1

said by desarollo:

Why gold? Why not peg the dollar to another commodity like oil, corn, soybeans or pork bellies? Everyone loves bacon, I'm thinking pork bellies would be the ideal choice.

Now think long and hard before you throw at me a Glen Beck reason as to why it needs to be backed by gold, and ponder this: If you back your dollar with gold, what happens to the value of your money when someone discovers 20 billion dollars worth of gold? 50 billion dollars? A trillion dollars? How about someone just *announces* they found that volume of gold; what happens?

What happens to the value of your money when they can't find any more gold?

Get the idea? Gold isn't stable, except atomically. Someone in gold rich countries can affect the dollar if it is backed by gold. Not wise.

Are you suggesting that an extremely unlikely mass find of 50 billion dollars of gold is more unsettling than printing 4 trillion dollars?

Seriously?

You obviously didn't think this through.
sandman_1

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Re: I got a $1

See

»www.youtube.com/watch?v=iYZM58dulPE

DataRiker
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1 edit
said by kapil:

There is plenty wrong with the U.S. Dollar...not being backed by gold is not one of those things. Fucking Ron Paul and his idiotic supporters who don't get basic economic theory. SMH!

Your blaming people wanting to go back to a gold standard on Ron Paul?

Wow...I thought it was the continuing decline of the business cycle and lack of faith in the dollar.

Or maybe its stuff like this:

»sanders.senate.gov/newsroom/news···0dcbb3c3

If you can read that without wanting to Vomit bravo.
25139889

join:2011-10-25
Toledo, OH
i offer $3.

Got3

@sbcglobal.net
I'll offer $3

David
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Fine I will raise to $3.01 (because mmay149q would want the penny for his thoughts)!

25139889

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Toledo, OH

Re: I got a $1

lol.

500 Rupee (the Indian currency)

mmay149q
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said by David:

Fine I will raise to $3.01 (because mmay149q would want the penny for his thoughts)!


Well due to inflation you need to raise it to $3.50 so it would actually be equal to 1 penny and I will gladly take your penny and give you my thoughts David!

Matt
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Big Dawg 23

join:2002-03-27
Northfield, MN
I offer $100. Then I will fix the old outdated OS and update the hardware to compete with Apple and Android. Dual Cores have been out for a year and yet RIM hasn't installed one.

andyb
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SW Ontario
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Anyone But GS

They are the scum of wall street.Comon RIM I used to like you but this is takin it to far.GS? Really?Your done for now
openbox9
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Re: Anyone But GS

The best investment bank in the history of Wall Street? Like Goldman or not, it is THE bank to go to.
25139889

join:2011-10-25
Toledo, OH

Re: Anyone But GS

And when you close you call GE Money.
Roop

join:2003-11-15
Ottawa, ON
tell that to Greece...
openbox9
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Re: Anyone But GS

Goldman enabled Greece to continue spending like drunken monkeys for an extra decade. I'm sure they're happy.
sandman_1

join:2011-04-23
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Love this article on Goldman Sachs. »www.rollingstone.com/politics/ne···20100405

andyb
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Re: Anyone But GS

Nice

Simba7
I Void Warranties

join:2003-03-24
Billings, MT

Oh ya..

RIM is completely screwed now.
epsilon3

join:2008-03-29
canada

stock jumps?

From where this comment with "stock jumps" ...at 15:30 the stock is -1.76% compared with yesterday !!!!
openbox9
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kudos:2

Re: stock jumps?

Perhaps Karl meant the intraday high gain of +1.8% at the open. Otherwise, RIMM is down with the rest of the market on France's (and likely more to come) debt downgrade.
AndyDufresne
Premium
join:2010-10-30

1 edit

RIM and AOL

Both sprinted to the front but just didn't have the stamina to stay in the lead(blinders on). Case and the two idiots at Rim are made for each other. They all new what customers wanted and either refused to give it to them or just wouldn't incorporate(aol content w/roadrunner) what they already had into the new landscape.

Transmaster
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We can save it we have the...........

If you look real close on the fantail you can see Mike Lazaridis, and Jim Balsillie telling investors they can save Blackberry.

n2jtx

join:2001-01-13
Glen Head, NY

Fireplace

Wouldn't it be quicker to take your cash and simply set it on fire in a fireplace? The end result will be the same for you except you will not have the benefit of feathering the nests of Goldman Sachs and various executives who will take most of the loot and run.

Frankly I think RIM should give up with their hardware and OS and switch to an app based service that would run on iOS, Android and Windows Phone. They might as well capitalize on the popular OS's and focus their remaining engineering skills on building good apps.
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Anonymous
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What about patents?

Not sure how many patents RIM has but I'm sure Google/Apple/Samsung will be willing to get them and ready to pay top dollar.
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WHT

join:2010-03-26
Rosston, TX
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Miss-spelled word in the headline.

Explode is spelled with a "d", not an "r".

Let me fix it, "RIM Hires Goldman Sachs to Explore EXPLODE (them - RIM)"

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