Research in Motion’s (RIM) stock is reaching new 52 week highs.
January 24, 2013- Research in Motion (RIM) saw the value of its stock skyrocket based on the announcement of a planned strategic review.
The company’s Chief Executive Officer (CEO) said that Research in Motion may consider strategic alliances with other companies after it officially launches devices that will be powered by its BlackBerry 10 operating system later this year.
In an interview with a reporter from the German newspaper Thorsten Heins , Research in Motion’s top executive said that the upcoming review of his organization could lead to the sale of its handset business and/or the licensing of its software to rival smartphone companies.
He also said that his main focus right now is to successfully introduce BlackBerry 10 to a waiting consumer market. Once done, the focus will shift to internal discussions on the possible sale of assets
Interestingly, Research in Motion’s stock value has plummeted by close to ninety percent since it reached its all-time high way back in 2008, close to five years ago.
However, the recent performance of the stock has been encouraging. It has been rising in price for the last four months.
Yup…This stock will go in the low to mid 20′s by end of Jan to Mid February. If things go well and people buy into this great phone then the stock is going to hit the fan at about 40′s to 50′s….easily!