Jobs
Find a home or rental
Search builder communities
Place an ad or search ads
New Auto Listings
Motorcyles
Classics & Antiques
- *SHAMPOO PERSON* Beauty salon seeks individual for salons in... MORE
- Banking Career Opportunity Loan Workout Specialist Positio... MORE
- Mechanic for pressure washer company. Pump and motor exp pre... MORE
- DENTIST needed by entertainer. Will pay more for speed & att... MORE
- Admin - Busy Elk Grove practice seeks f/t, receptionist. Kno... MORE
Search and find Chicagoland events
From:
to:
RIM to repurchase shares
Published: 11/6/2009 12:03 AM
LINCOLNSHIRE - Research In Motion Ltd., maker of the BlackBerry phone, plans to repurchase as much as $1.2 billion of shares to compensate investors as revenue growth slows amid stiffer competition.
The company may buy as many as 21 million shares, or about 3.6 percent of its stock outstanding, according to a statement Thursday.
The purchases may start on Nov. 9. RIM said it hasn't bought back any shares in the past 12 months.
RIM forecast third-quarter sales in September that fell short of analysts' projections.
Reader Comments
1. Comments are not edited and don't represent the views of Daily Herald
2. To understand what is and isn't allowed please read our comments policy
3. To report an inappropriate post click the icon beneath the comment
Place a comment
You have 1200 characters left.
You have not completed the sign-up process.
Please check your e-mail for instructions
on how to activate your account.
Please check your e-mail for instructions
on how to activate your account.
