RIM Doesn't Want to Sell Itself, Hopes Instead for a "Strategic Investment"
April 17, 2012 5:28 PM
comment(s) - last by
Canadian smartphone maker echoes the words Palm spoke two months before its death
? Don't bet on it says new CEO Thorsten Heins.
Trying to keep the Ontario-based phonemaker above water, Mr. Heins is reportedly exploring options to seek a partner for a joint venture, partnership, or "strategic investment". According to sources he has retained two banks -- a global firm and a local Canadian one -- to help with the efforts.
Despite facing grim prospects in the consumer market and
becoming a money-loser
for the first time in years, RIM is determined to try to keep itself in the game in some shape or form.
RIM has $1.77B USD in cash reserves on hand to try to weather the storm and its losses, as it attempts to secure some sort of bailout. Sources close to the company indicate that Samsung Electronics Comp., Ltd. (
) might entertain the idea licensing RIM's
upcoming QNX-based BlackBerry 10 operating system
But with Samsung already
and deeply bonded to Google Inc.'s (
) Android, it's unknown whether the South Korean gadgetmaker would even entertain such a wild option, despite the security and business advantages that RIM's software might provide.
Microsoft Corp. (
) is reportedly another one of the firms looking to play vulture to the possibly dying RIM. Sources close to Microsoft told
that the company had no interest in buying RIM or licensing its operating system, but that it would be interesting in scavenging up morsels from RIM's juicy patent portfolio for a fair sum of cash.
RIM is sounding eerily like HP's Palm unit did, just before its death. [Image Source: Gigaom]
Resources are scarce and the smartphone maker's lifeline is running short. But even if it can sell it's patents or secure a short term licensing deal, the question is what next? Consumer interest appears to be fading, and
business interests typically follows in suit
, if a bit behind. The question many are asking is -- what will RIM have left of value to sell, once it unloads its prized IP and assets?
Some are hopeful that firm will find a way to salvage its battered business, while other expect it to
follow veteran smartphone firm Palm
, who recently was
laid to rest
by Hewlett-Packard Comp. (
). Indeed, RIM's talk of desperation OS licensing sounds eerily familiar -- it was the
same scheme pitched
by former HP
CEO Léo Apotheker
in June 2011. Two months later webOS -- and Palm --
, and a month after that Mr. Apotheker was
fired for a second time in just over a year
This article is over a month old, voting and posting comments is disabled
RE: I have a plan RIM
4/17/2012 6:21:44 PM
Man, in the world choke full of rabid crapdroid fanboys like yourself I would have absolutely no chance to save RIM.
"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings
RIM Tries to Sell Customers on Defunct Operating System, Bleeds Money
April 11, 2012, 3:04 PM
"Country" Rapper Aims to Buy RIM; BlackBerries Still Poking Around in D.C.
April 5, 2012, 11:48 AM
Canadian Gov't Greenlights Potential Sale of Research in Motion
April 2, 2012, 2:31 PM
RIM Sinks Further with $125M Fiscal Q4 Loss, Key Execs Leave
March 29, 2012, 9:14 PM
Samsung is Virtually Tied With Apple, Sells 36.5M Smartphones in Q4
January 27, 2012, 10:29 AM
Quick Note: Google Chromebooks Now Coming with 1TB of Google Drive Space
November 21, 2014, 1:20 PM
Xiaomi Aims to be #1 Smartphone OEM Within 10 Years, Apple Urges Caution
November 21, 2014, 9:33 AM
Quick Note: Samsung's Request to Dismiss Microsoft Lawsuit is Rejected
November 20, 2014, 12:53 PM
Amazon Offers "The Washington Post" Free for Six Months to Kindle Fire Owners
November 20, 2014, 7:41 AM
Apple Watch Screen Resolution, App Limitations are Laid Bare by Developer Kit
November 19, 2014, 11:31 PM
Apple Replaces “FREE” Label with “GET” on App Downloads in iTunes App Store
November 19, 2014, 5:38 PM
Most Popular Articles
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
It's Official: Twitter is Profitable "Junk"
November 16, 2014, 10:45 PM
Sweden Mulls Labelling "Sexist" Video Games in the Wake of Gamergate
November 17, 2014, 2:00 PM
Austrian Pilots Call Surface 3 Pro Flight Bag a "Dream Come True"
November 14, 2014, 2:00 PM
Nokia Lumia 635 LTE Windows Phone is Only $40 at Best Buy on Black Friday
November 18, 2014, 11:59 AM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information