Late this afternoon Research In Motion Inc. (NASDAQ:RIMM) halted after hours trading of the company’s stock for a breaking new announcement. The company announced just after the market closed that the company has gotten involved with JPMorgan Chase & Co. (NYSE:JPM) and RBC Capital Markets in order to perform a strategic review. The firm has been facing sever difficulty for some years as it has failed to catch up with many of the advances made in the smart phone sector by companies like Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG). According to the press release the company revealed that it…
RIM Gets Help From JPMorgan and RBC For A Strategic Review
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.