marketwatch.com - 18 days ago
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Alert Email Print By Dan Gallagher & Steve Goldstein , MarketWatch SAN FRANCISCO (MarketWatch) -- Research In Motion Ltd. announced plans Thursday to buy back $1.2 billion worth of its stock, a move that follows a sharp selloff that has clipped one-third of the company's market value over the ...
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After Earnings Spark Sell-off, RIM Plans $1.2 Billion Stock Buyback
mocoNews —
... dubbed it the “fastest-growing” listed U.S. company—but that hasn’t stopped investors concerned about continued competition from the iPhone and others, from selling off its stock. As a result, RIM’s share price has slipped from a high of about $88 to about $59, per Marketwatch. So the company announced a $1.2 billion buy-back plan today; its first since 2005. ...
RIM announces $1.2 billion buyback after market value drops by a third
MobileBurn.com —
Research In Motion has announced a $1.2 billion stock buyback program after the manufacturer's stock price dropped 33 percent to $59.02 from $88.08 because of disappointing third-quarter financial results, MarketWatch reports . In late September, the company posted results that fell below expectations. RIM earned $475.6 million in the third quarter, a four percent loss year-over-year, ...
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