Analysts are all over the place with takeover rumors and the most recent is from a UBS analyst who says RIM could be the target of a takeover by Cisco. According to analyst Phillip Huang, Cisco and RIM have more synergies than with Microsoft, and a takeover could happen if RIM’s stock gets low enough.
“Though we see RIM facing many challenges, we see timing of (the) impact of some as overstated and believe material share devaluation from current levels make RIM a potential M & A (merger and acquisition) target,” Huang wrote in a research note.
“However, we see the likelihood as very low in the near-to-medium term barring share devaluation,…” Huang wrote.
Huang thinks the takeover could help Cisco build its Flip digital camera technology and implement it across all devices.
Overall, this takeover rumor should probably just be thrown in a pile with all the other takeover rumors from companies like Microsoft, IBM and HP.