Report: RIM May Abandon BB10, Adopt Windows Phone to Survive
June 29, 2012 12:00 PM
Alternatively RIM may scrap handset business, turn to licensing services
, which saw sales sink
than analysts' pessimistic predictions, time is running out for Research in Motion, Ltd. Posting its second straight operating loss, RIM has
committed to laying off
approximately a third of its workforce. Meanwhile share prices fell another 18 percent, marking a 70 percent slide in value for the year. Share prices are at their lowest level since Sept. 2003. Shares are priced at approximately 1/20th of their peak value in mid-2008.
cites a source close to RIM, who shares a picture rich in confidential information on the pressure facing the embattled company's board. The source claims that in recent months RIM has been approached by Microsoft Corp. (
) CEO Steve Ballmer, who offered it financial assistance in exchange for ditching its upcoming QNX-based BlackBerry 10 operating system for
RIM would then join Nokia Oyj. (
) as a
second rehab project
RIM board members are being forced to take the deal seriously, given that the
has now slipped to another half year away. That means that it has taken RIM essentially three years to bring its new OS to the smartphone market, given that RIM purchased the relatively polished QNX in April 2010.
RIM is reportedly entertaining an offer from Microsoft to adopt Windows Phone 8.
Board members are reportedly resistant to the tie-up, though, given that it would mark the end of their company's independence.
The board is also considering a second, equally painful proposal to split the company's network business off and sell it to a private equity firm. In many ways this marks the board returning to an idea of ex-CEO Jim Balsillie, who just before
was exploring a plan to open RIM's secured email, messaging, and internet services up to third-party devices, such as Android smartphones.
But according to
such a plan might prove fatal to BB10 and the device business.
A final possibility would be to sell the company's wireless patent portfolio to Microsoft to try to scrounge up the cash needed to survive the BB10 delays and slumping sales.
But ultimately RIM may face a tough choice before the end of the year -- pledge fealty to Microsoft at the cost of independence, or scrap the handset business it worked so hard last decade to build.
"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs
RIM Takes Huge Loss, Lays Off 30% of Workforce, Delays BB10 Until 2013
June 28, 2012, 5:15 PM
Analysts: "RIM’s Death Spiral" Hits the "Third Inning"
June 28, 2012, 1:05 PM
Quick Note: Details on RIM's L-Series, N-Series BlackBerry 10 Smartphones Leaked
June 25, 2012, 10:18 AM
Microsoft Announces Windows Phone 8, Won't Support Current Handsets
June 20, 2012, 12:35 PM
RIM Begins Laying Off Employees, Won't Say How Many (Yet)
June 20, 2012, 8:44 AM
Are You in the Market for Earphones?
March 24, 2017, 7:35 AM
Samsung Galaxy S8, Rumored Launch Date!
March 18, 2017, 6:45 AM
How about Leica Cameras
March 13, 2017, 6:30 AM
Nokia has ditched this camera technology in its new smartphones
March 7, 2017, 8:45 AM
A Baseball Cap With Camera
March 3, 2017, 7:00 AM
Nokia 3310 with longer battery life
February 28, 2017, 7:05 AM
Most Popular Articles
Comparison – Samsung Galaxy TabPro S Vs Microsoft Surface Pro 4
March 21, 2017, 7:40 AM
Apple iPad – New Faster Processor and More Fun
March 22, 2017, 7:25 AM
Gigabyte GA-Z170X-Gaming G1 – Intel Thunderbolt 3 Certified Motherboard
March 9, 2017, 6:25 AM
Huawei P8 Lite 2017 – Android 7 Nougat Smartphone with Octa-Core Processor
March 8, 2017, 7:03 AM
Lenovo ThinkPad T460 - Ultra-Thin and Feather-light
March 3, 2017, 6:00 AM
Latest Blog Posts
Are you thinking of performance and speed? Intel claims:
Mar 25, 2017, 7:45 AM
Apple buys an automation app called Workflow. The deal was completed today and brings the app along with its developers.
Mar 23, 2017, 7:35 AM
Apple Announces new color for iPhones and iPads
Mar 22, 2017, 7:45 AM
Instagram: You Can Now Save Live Videos For Later
Mar 21, 2017, 7:49 AM
Samsung Galaxy S8 to Get New Color Scheme
Mar 20, 2017, 7:45 AM
What else to worry about?
Mar 17, 2017, 6:45 AM
Icon of the Day: Intel/ NVIDIA or Mobileye
Mar 16, 2017, 6:15 AM
JUST IN - Twitter Hijacked : High-Profile Account Accesses
Mar 15, 2017, 7:07 AM
Mar 14, 2017, 7:30 AM
News and Tips
Mar 13, 2017, 6:30 AM
iPhone 8 – May Not Get Curved Screen
Mar 11, 2017, 8:00 AM
California paves way to self-driving car tests without humans
Mar 11, 2017, 7:18 AM
Smart Machines V hackers
Mar 10, 2017, 7:00 AM
Uber Can Resume Autonomous Car Testing in California
Mar 9, 2017, 6:50 AM
Mar 8, 2017, 7:09 AM
Mar 7, 2017, 8:45 AM
World news 3-6
Mar 6, 2017, 5:40 AM
Mar 4, 2017, 7:40 AM
Mixed News of the Day
Mar 4, 2017, 6:32 AM
Jaguar Land Rover invests in ride-sharing
Mar 3, 2017, 7:00 AM
Mixed News of The World:
Mar 2, 2017, 7:02 AM
World New 3-1
Mar 1, 2017, 6:30 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information