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Tuesday, July 12, 2011

RIM could do better as two businesses - analyst, (TSE: RIM), (NASDAQ: AAPL), (NASDAQ: GOOG)

BlackBerry maker Research In Motion (RIM.TO) should split itself in two to liberate locked-in value and speed up innovation at a company that has lagged its competitors, a brokerage said on Tuesday. Shares of the Canadian technology giant have withered in recent months as it lost market share, particularly in North America, to Apple's (AAPL.O) iPhone and devices powered by Google's (GOOG.O) Android operating system. The call by RBC Capital Markets comes hours before RIM's annual shareholder meeting at its hometown of Waterloo, Ontario. Investors are eager for news about how it intends to reverse its sagging fortunes. Its share price -- down more than 50 percent this year -- has led to calls for management change and suggestions RIM could become a takeover target.

Shares of AAPL traded higher by 0.45% or $1.58/share to $355.58. In the past year, the shares have traded as low as $235.56 and as high as $364.90. On average, 14445700 shares of AAPL exchange hands on a given day and today's volume is recorded at 11080596.

Shares of GOOG traded higher by 1.58% or $8.34/share to $535.62. In the past year, the shares have traded as low as $433.63 and as high as $642.96. On average, 2850750 shares of GOOG exchange hands on a given day and today's volume is recorded at 1893095.



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