BlackBerry Maker May Have Misdated Option Grants
Bookmark & ShareJanuary 26, 2007
Canadian stocks may decline for a second day, led by Research In Motion Ltd., after a report raised concern that the BlackBerry maker may have backdated stock option grants. Research In Motion may decline $1.86 to $147.97, based on bids already submitted on the Toronto Stock Exchange. The maker of the BlackBerry e-mail device misdated "hundreds of thousands" of grants, the Globe and Mail reported, citing ERIK LIE, an associate professor of finance at the University of Iowa.
Contact: Erik Lie, ,
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