Research in Motion Ltd. (BBRY) A Takeover Target: Jim Cramer

BlackBerry Ltd (NASDAQ:BBRY)CNBC analyst and personality (with emphasis on personality) Jim Cramer is back at it again. In the wake of a Research in Motion Ltd. (NASDAQ:BBRY) earning report that far surpassed Wall Street estimates (an actual EPS of 22 cents compared ao 29-cent loss estimate), it appears that BlackBerry is back at the forefront of discussion among smartphone company investors. While the Z10 launched in the middle of the company’s quarter, it reported 1 million sales of the new flagship handset, the Z10, which runs the new BlackBerry 10 operating system.

Cramer spoke extensively about Research in Motion Ltd. (NASDAQ:BBRY) on Thursday’s “Squawk on the Street” program, saying that this latest earning report could be a catalyst for a takeover attempt by another tech company. On the one hand, Cramer said that the earnings could suggest that “they will be in business for a long time,” and may increase the likelihood that another company – he mentioned Nokia Corporation (ADR) (NYSE:NOK) or Microsoft Corporation (NASDAQ:MSFT) could make a play for the company.

“This company was supposed to have a terrible quarter. This was not a terrible quarter,” Cramer said of Research in Motion Ltd. (NASDAQ:BBRY). “This company was on the ropes. It’s not anymore.” Cramer made note that BlackBerry has a very loyal following in overseas markets, most notably Indonesia and Europe. “This is an entrenched product in some places, and it is very difficult to unseat a product that is so entrenched.

800px-Blackberry“There are a lot of things that can go right with BlackBerry if the balance sheet improves, which it has. Things can change quickly,” Cramer added.

What are your thoughts about Research in Motion Ltd. (NASDAQ:BBRY) in the wake of this latest earning report? Do you agree with Cramer’s assessment of this company? Is it on its way back? Give us your thoughts in the comments section below.

DISCLOSURE: I own no positions in any stock mentioned.

 

Please see these related BBRY articles:

So, Is BlackBerry 10 a Hit or Not?

Why BlackBerry and Lenovo are Heading into an Alliance

Don’t Pass Up This Tech Deal

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!