RIM Is No Carl Icahn Target (EP, RIMM, YHOO)

Energy

Published: October 17, 2011 12:57 pm

Last Updated: April 28, 2020 4:11 am

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Carl Icahn was on CNBC this afternoon talking up his position gains from the El Paso Corporation (NYSE: EP). The CNBC team asked him point blank if Icahn was targeting or if he had taken a position in Research-in-Motion Limited (NASDAQ: RIMM).

Icahn responded that these rumors get out there and often have no merit. That was not a firm denial, but his firm denial came when he said that RIM is not on his radar and does not fit the mold of his targets.

Research in Motion shares were already lower on offering free apps and free support to those who were affected adversely by the severe Blackberry service outages of the prior week. Now things are worse if Icahn is not going to be bullying the RIM board of directors to get things turned around.

RIM shares are down 5.7% at $22.60 but trading volume actually looks a bit unimpressive today.

Could RIM ever get to become a Carl Icahn activist target? Probably, if the price ever becomes cheap enough. RIM still has a market capitalization of close to $12 billion even after today’s drop in the share price. If RIM does not become a target it could be because Yahoo! Inc. (NASDAQ: YHOO) proved to be such a painful experience.

JON C. OGG

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.