Tag Archives: Fairfax Financial Holdings
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  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
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