Several news organizations are reporting rumors that HP may put in a bid to buy RIM. Shares of Research In Motion Ltd. climbed as much 21 per cent in trading friday on intense speculation that Hewlett-Packard Co. plans to buy the maker of handheld electronics devices.

A spokesman for RIM declined to comment on the movement of the company's share price and said no news release was planned. Officials at HP declined to comment.

What if this news is true? What would HP do with both a RIM line and an iPaq line of handhelds? Stay tuned.