Print 19 comment(s) - last by fteoath64.. on Apr 20 at 4:57 AM

Canadian smartphone maker echoes the words Palm spoke two months before its death

RIM for sale?  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. (KS:005930) might entertain the idea licensing RIM's upcoming QNX-based BlackBerry 10 operating system.

But with Samsung already wildly successful and deeply bonded to Google Inc.'s (GOOG) 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. (MSFT) is reportedly another one of the firms looking to play vulture to the possibly dying RIM.  Sources close to Microsoft told Bloomberg 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.

Palm RIP
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. (HPQ).  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 -- was dead, and a month after that Mr. Apotheker was fired for a second time in just over a year for incompetence.

Source: Bloomberg

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RE: I have a plan RIM
By retrospooty on 4/18/2012 7:37:50 AM , Rating: 2
"Hire Pirks!!! He's already convinced us of the superiority of every product you make. Give him a team and resources and he'll turn your company around overnight! I guarantee it."

LOL. A funny sentiment, but it wouldn't go over well. I can see the ad campaign now... "Anyone that buys any product other than RIM is an idiot!"... "Anyone that disagrees with our opinion is a troll!" Ya, I don't see that approach as winning in this market. That and in the end Pirks became his own trolling idiot by buying a Windows phone and not a RIM one.

RE: I have a plan RIM
By Pirks on 4/18/2012 3:42:57 PM , Rating: 1
Well, I've got two most recent smartphones, one from RIM and the other from MS, so I can compare and make an informed choice while you trolls keep your usual idiotic mudslinging at RIM or MS which entertains me quite a bit.

RE: I have a plan RIM
By retrospooty on 4/18/2012 6:24:37 PM , Rating: 2
I am not saying you made a bad choice. It sounds like your new phone is really nice. I am pointing out that in spite of all your ranting and raving about how great Blackberry OS7 was and how great your BBOS7 phone was that you chose a different product. A good choice anyhow.

RE: I have a plan RIM
By Smilin on 4/19/2012 10:04:36 AM , Rating: 2
Him choosing a different product doesn't make his earlier assertion wrong.

Take me for example: I've got a Zune HD. (hehe) and I'm keeping an eye out for an extra used one before they disappear.

For a *music player* it is IMO the best one ever made. Because it flopped in the market doesn't change this fact.

Blackberries will remain compelling until they are gone. Heck just the keyboard on those things is amazing. You can text on iOS, WP, Android but you can type full blown emails on BB without effort.

Posting this made me itch for some zune... gonna go plug in the sennheisers now..

RE: I have a plan RIM
By retrospooty on 4/19/2012 11:28:43 AM , Rating: 2
I know, but you didn't see this guy going on and on for months how RIM phones are far better than anything else out there and that BBOS7 was awesome and anyone that doesn't buy Blackberries are "trolls" and "fanboys" or just plain "idiots". All words he used.

RE: I have a plan RIM
By Smilin on 4/19/2012 1:23:28 PM , Rating: 2

I've watched pirks "get better" (mentally?) for some months now and I'm finally ready to cut him some slack. He used to be much almost like Tony!

"There's no chance that the iPhone is going to get any significant market share. No chance." -- Microsoft CEO Steve Ballmer

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