Tag Archives: Fairfax Financial Holdings

RIM shares jump on rumours of licensing deal with Samsung

Published on Thursday, August 9th by Dave Evans

First step towards the company splitting itself in two?

Shares in Canadian handset maker RIM jumped more than 4 per cent in New York last night [8th August 2012] amid speculation that Samsung may licence its latest Blackberry 10 OS – or even buy the strugggling manufacturer. Neither side has commented but it’s no secret that RIM desperately needs money with its share of the global smartphone market having fallen from around 12 per cent in Q2 last year to just under 5 per cent in 2012. Its hopes are pinned on new BB10 phones due to be released after Christmas to revive the BlackBerry brand. In June [2012] it was reported that RIM may also be considering splitting itself into two separate parts, as did Motorola which sold off its handset side to search giant Google. Continue reading →

Posted in Apple, BlackBerry, Mobile Devices, Mobile OS, Samsung, android, iphone | Tagged BlackBerry, Fairfax Financial Holdings, Prem Watsa, RIM, Samsung | 1 Comment

Tycoon Watsa doubles his stake in RIM

Published on Tuesday, July 24th by Dave Evans

Canada’s answer to Warren Buffet feasts himself on shares

Someone obviously believes Research in Motion has a future. Toronto-based Fairfax Financial Holdings has become the struggling manufacturer’s single biggest shareholder after doubling its stake.
From a four year high of around $148 RIM’s share price has plunged massively to around the $6 – $7 mark prompting speculation that the company could be doomed. Continue reading →