RIM Plans New Blackberry Models and 4 Heavily Traded Shares to Follow
Sirius XM Radio Inc (NASDAQ:SIRI): The three most active funds and stocks in pre-market trading on the Nasdaq were Clearwire Corporation (NASDAQ:CLWR), Sirius XM Radio, and Facebook (NASDAQ:FB). Investors traded 1,056,474 shares of Clearwire Corporation, down $0.06, 864,091 shares of Sirius XM Radio, up $0.03, and also 749,287 shares of Facebook, down $0.27.
Research In Motion Limited (NASDAQ:RIMM) will introduce two new Blackberrys next month whose fortunes rest on the laurels of The Astonishing Tribe, a group who has been charged with reinventing the look and feel of the Blackberry’s user interface. RIM’s Chief Executive Officer, Thorsten Heins, has promised that the new Blackberrys will make the company competitive again in the global smartphone market.
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Best Buy Co., Inc. (NYSE:BBY) and founder Richard Schulze announced that they have agreed to amend the terms of their August 26 agreement that allowed Schulze access to certain due diligence information and permission to form an investment group in furtherance of making a fully financed proposal with respect to a qualified offer. Both parties believe that allowing Schulze to bring his offer after the holiday season and fiscal year end is in the best interests of shareholders and provides Schulze and his potential partners with an opportunity to include the company’s full year results as part of their due diligence review. Accordingly, Best Buy and Schulze have agreed that he will have the opportunity to deliver the proposal to the board on or after February 1, 2013 through February 28, 2013. The board will, within 30 days, review and take a position on any such offer consistent with their fiduciary duties and in the best interests of shareholders. There is no guarantee that Schulze will present an offer or that such an offer will be accepted by the board.