Research In Motion (RIMM -6%) continues moving lower after Carl Icahn says the one-time smartphone leader isn't on his radar, and isn't his type of target. RIM, which has seen a flurry of buyout speculation, could also be selling off on a belief the company's attempts to make amends for recent outages are inadequate.
But Icahn tells us in a live interview that the company “is not on our radar.”
Even though the stock is down well over 50%, the tone of our conversation suggests that Icahn doesn’t see shareholder value – despite the sharp decline
”All I can tell you is that these rumors get out and we don’t dignify them.”
As far as we know, this was the first time Icahn refuted the RIM speculation, so widely reported.
But Icahn tells us in a live interview that the company “is not on our radar.”
Even though the stock is down well over 50%, the tone of our conversation suggests that Icahn doesn’t see shareholder value – despite the sharp decline
”All I can tell you is that these rumors get out and we don’t dignify them.”
As far as we know, this was the first time Icahn refuted the RIM speculation, so widely reported.
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