June 30th, 2007
What "iPhone?" RIM investors party like it's $199.99
Interesting that on the day that the purported semi-rival iPhone comes out, that BlackBerry-maker Research In Motion’s stock price reaches an all-time high of $199.99 a share. And what’s more, a 20%+ stock price jump!
That tells me that RIM investors- the ones with their money on the line about BlackBerry’s future- are:
- Pleased as punch about the quarterly fiscals, which were released after the financial markets closed on Thursday;
- Love the 3 for 1 stock split and the accompanying stock dividend. RIM notes the 3-for-1 stock split will be implemented by way of a stock dividend whereby shareholders will receive two common shares of the company for each common share held. The stock dividend will be payable on August 20, 2007 to common shareholders of record at the close of business on August 17, 200.
- Couldn’t care less about any competitive threats from the iPhone.
Russell Shaw is an enterprise computing journalist, analyst and author based in Portland, Oregon. See his full profile and disclosure of his industry affiliations.
