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News Bits: Microsoft Circles RIM

Written by Eve Bergazyn
Friday, October 10. 2008 at 11:35 AM EDT Post a comment
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With the stock market in freefall, Microsoft Corp. (Nasdaq: MSFT) may be eyeing mobile phone manufacturer Research In Motion Ltd. (RIM) (Nasdaq: RIMM; Toronto: RIM), according to Reuters. 

Microsoft's interest stems partly from the BlackBerry maker's current stock valuation, which stands at a 52-week low.

The source of the rumor, a Canadian analyst, bases his conclusions on the competition from -- who else? -- Google (Nasdaq: GOOG) and Apple Inc. (Nasdaq: AAPL), with their G1 and iPhone, respectively. He is "fairly certain they have a standing offer to buy them at $50 (a share)."

In other less speculative news:

  • Yahoo Inc. (Nasdaq: YHOO) shareholder Mithras Capital, with 1.9 million shares -- or 0.14 percent of Yahoo -- wants to restart negotiations with Microsoft Corp. (Nasdaq: MSFT), according to Wired Epicenter. Mithras's proposal of $22 a share is decent premium over Yahoo's current share price ($12.44), but a far cry from Jerry Yang's target of $37 a share.

  • Ars Technica reports that parents text to seem cool to their kids, according to recent AT&T Inc. (NYSE: T) studies. The early adopters, young or old, really are cool, though.

  • And  thanks to Kara Swisher for attracting our attention to the what-were-they-thinking video of Ouzo-fueled Web 2.0ers (and a Wall Street Journalist) created on vacay in Cyprus. Yeesh.

    •  


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