With all the doom and gloom coming from some financial analysts Gokulesh pointed out an interesting change in the last quarter. The Street is reporting that "The Yacktman Fund’s Donald Yacktman, The the mutual-fund manager with the best record in the past 10 years" has taken out a large stake in RIM during the second quarter. The Yachtman Fund has purchased 1.5 million shares of RIMM stock worth $43.3 million during the second quarter… They have also purchased quite a few shares of other companies that are being hammered on the stock market including Cisco, HP, Microsoft and News Corp.
It seems like not everybody is buying the "RIM is in a downward spiral" analyst predictions and betting big on RIM’s continued growth!
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