Print 19 comment(s) - last by lesbaer45.. on Aug 20 at 1:45 PM

Ministers first prepped for a sale in March

In March, as RIM prepared to deliver expected news of a dire quarter of losses, senior aides in the office of Canada's Industry Minister expected that a sale might be in the cards.  According to a new report by Reuters, Industry Minister Christian Paradis and Prime Minister Stephen Harper's Conservative government were prepped by the aides to lay out rules for foreign bidding if RIM called with news of a sale.

Instead, when the call came new CEO Thorsten Heins insisted on sticking to releasing BB10 as a final shot at regaining market relevance, stubbornly refusing to cave in to shareholders and sell the firm.

According to Reuters, had Thorsten Heins asked about a CEO, Minister Paradis would be ready with the canned response, "I examine proposed investments on a case-by-case basis and make my decisions based on the facts and merits of each proposed investment..."

The Minister was advised to only discuss the matter if Mr. Heins broached the topic.

10 RIM shares are today worth the price of one share a year and a half ago.  It would take 20 RIM current shares to equal the worth of a single RIM share from 2008.  In other words, investors who got out on top in 2008 were lucky -- those who stayed have been burned badly.

As RIM continues to fall lower and lower on the sales charts, and with the brand in shambles, many are skeptical that its much-delayed BlackBerry 10 launch will be the salvation CEO Heins is hoping for.

The RIMdenburg is still afloat -- for a little bit longer. [Image Source: Jason Mick/DailyTech LLC]

If it's not, RIM's leader may be forced into the option he least wants -- a sale.  If that's the case, the sale will have to be approved by Canada's Industry Minister, per Canadian law.  And it sounds like that's what the Industry Ministry is expecting, as they're already fully prepped for that inevitability.

Source: Reuters

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By Guspaz on 8/17/2012 3:08:24 PM , Rating: 3
Well, since RIM has delayed the Hail Mary pass of BB10 until 2013, and RIM refuses to concede to the inevitable until after BB10 flops, that kind of rules out a 2012 sale, now doesn't it?

There's still a chance that it might save the company, but considering that it doesn't seem to have any compelling feature that would steal customers from Android or iOS, that chance is rather remote.

By Reclaimer77 on 8/17/2012 6:06:08 PM , Rating: 5
"We BB users"? Just today in another article you said you used a Galaxy Note and "sometimes" use your daughters Windows Phone.

You aren't any more of a "BB user" than I am at this point. In fact, I think your whole act is a big sham where you claim to own 4 mobile devices so you can just customize your trolling to any situation.

when 2013 comes with its BB10 launch.

lol then what? You think the world is waiting with held breath for BB10 or something? Please! Too funny.

You calling Mick a troll is like Hitler calling OJ Simpson a mass murderer.

By Pirks on 8/17/2012 6:44:53 PM , Rating: 1
You aren't any more of a "BB user" than I am at this point
I enjoy my Playbook while you keep salivating on the side. Keep trollin bro :))) This won't help you to get such a nice tablet anyway

By Lord 666 on 8/17/2012 7:04:11 PM , Rating: 2
Come on, how hard is it to believe he has all of the platforms?

In my household of four people (two being single digit ages); there are four iOS devices (iPhone 4, two touches, and lte ipad), lte ICS phone, BB phone, and one flip phone. All but three are used for business. Come end of September, there will be two new iPhones and a Galaxy 3. But oddly with all that gear, consider myself a BB user as well and writing this using one.

This does not include the two laptops, two desktops, and two macs. All but one are used for business.

By Reclaimer77 on 8/17/2012 7:15:28 PM , Rating: 4
Come on, how hard is it to believe he has all of the platforms?

How hard is it to believe we landed on the Moon? Huh Lord?

By wordsworm on 8/17/2012 7:27:32 PM , Rating: 2
Everyone knows that the lunar landing was a hoax.

By wordsworm on 8/17/2012 11:19:37 PM , Rating: 3
DT should alternate between hiring you and then Reclaimer to write the RIM stories. Every RIM article has about 100 new words at the top related to the news followed by about 1,000 cut-and-paste crap about why RIM is going to fail.

By SlyNine on 8/18/2012 4:03:45 PM , Rating: 2
If you truly believe that. Your logic is complete fail.

If you're being sarcastic, sorry I missed it.

By SlyNine on 8/18/2012 4:08:01 PM , Rating: 2
Just for the record, I'm just pointing out that analogy is complete nonsensical.

By fteoath64 on 8/20/2012 8:11:49 AM , Rating: 2
"There's still a chance that it might save the company,"
The chance is so miniscule, it might just as well be zero. They are making the same mistake as Nokia for not being prudent, just swallow their pride and make the best of Android and their own Enterprise software. just ditch the handset market and move on. At least it will give them a chance to recover. As it is now, dwindling every month BB10 cannot save it today even if it is a great OS with all the features they wanted. The market is too entrenched on iOS and Android. Also the state of high-end mobile cpus, screens and cameras used by the competition is hard to match at RIM's prices. They just missed the boat long ago and still not realize it. Shame.

Does This Mean...
By RufusM on 8/17/2012 3:35:39 PM , Rating: 5 more RIM jobs?

It had to be said!!

RE: Does This Mean...
By lesbaer45 on 8/20/2012 1:45:35 PM , Rating: 2
Takes the puck down the right side, kicks it to the outside, a quick flip to the inside, HE SHOOTS AND SCORES!

Application libraries.
By drycrust3 on 8/18/2012 1:25:09 PM , Rating: 3
many are skeptical that its much-delayed BlackBerry 10 launch will be the salvation CEO Heins is hoping for.

If the hardware is ready and the OS isn't, then why not use an already existing OS, e.g. Android or Windows Phone 7, with Blackberry's own special apps included?
One of the changes that has happened in the world of smartphones is application libraries, and the trend will be for people to buy a phone with an equal or larger application library in preference to a smaller one. Unless Blackberry has an application library equal or larger than Windows Phone X, those purchasers won't be inclined to buy something with Blackberry OS on it, and this applies even moreso with Android and iOS users.
If Blackberry sold the BB10 with Android on it (plus their own special apps), then they would automatically gain access to a gigantic application library (relative to what they would have for the Blackberry OS).

Maybe RIM grows up...
By Belard on 8/18/2012 10:53:13 AM , Rating: 2
I think RIM should buy out Commodore, then good things will happen.

"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov

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