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OTTAWA In a bid to reverse a steep drop in its stock price, Research in Motion, maker of the BlackBerry smartphone, said on Thursday that it would spend up to $1.2 billion to buy back shares. Full Article at The New York Times
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In a move to bolster its stock price, , the maker of the BlackBerry smartphone, says it will spend up to $1.2 billion to buy back around 21 million shares of its common stock. Full Article at Dallas Business Journal
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LONDON (MarketWatch) -- With analysts saying that its share price had fallen too far, Research In Motion Ltd. announced Thursday it would repurchase $1.2 billion of its stock. Full Article at MarketWatch
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"I thought the downgrade should have been made 20 points ago. You've got a 14 times earnings stock in the 50s. I'm not going to back away from it at this level. I'd rather buy it than sell it. It's really down a lot." Full Article at iStockAnalyst
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By Tennille Tracy Traders pounced on Research In Motion after analysts cut their rating on the BlackBerry maker, saying that increased competition from rivals could slow its growth.The volume of trading in Research In Motion jumped to three times the... Full Article at Wall Street Journal
