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On the block include cloud-services firm NewBay and other recent additions

Dublin, Ireland based NewBay was quite pleased when it was scooped up by Waterloo, Ontario-based phonemaker Research in Motion, Ltd. (TSE:RIM).  A union with the Canadian giant seemed a natural fit.  NewBay provided cloud services -- photo, video, and social-networking tools -- while RIM had one of the largest portfolios of enterprise services, a portfolio whose gaps would be filled by the new acquisition.

But times have gone from bad to worse at RIM and now NewBay is up on the auction block as RIM tries to scrounge up the cash it needs to survive the last couple remaining money-losing quarters that stand between it and the release of its BlackBerry 10 operating system.

Reportedly, RIM paid $100M USD (£63.9M) for NewBay last October [source], but it's unlikely to get that much back, given the fast turn-around.  According to Reuters  "other minor assets that it recently acquired" would also be up for sale.

Here's a list of RIM's recent acquisitions (courtesy of Wikipedia):

RIM acquisitions

Of those listed, Jaycut, Certicom, NewBay, and The Amazing Tribe were viewed as the biggest purchases.

RIM clearly will be hanging on to Torch and QNX who hold the keys to its browser and new operating system, respectively.  Certicom also seems unlikely to go, given its value to RIM's enterprise users.  But Jaycut and The Amazing Tribe could be potential additions to this round of asset sales.

It has taken RIM nearly three years to productize QNX in the smartphone space.  After over a year of delays, it hopes to finally air the next generation operating system early next year.  RIM is hopeful that OS will reignite consumers' love affair with the BlackBerry and save its ship.  

But it faces tough competition, and its executives seem dangerously out of touch with the grim reality facing the firm, such as new marketing chief Frank Boulben who recently suggested he didn't have to do too much to market BB10 because it "markets itself".  Reality is that most customers haven't heard of BB10.  And unless RIM pulls off the seemingly impossible, it will be on the auction block itself next year, as shareholders try to recover bits of value from a stock that had fallen to a twentieth of its peak value in recent trading.

A minor side note -- RIM's thus far languishing tablet bid has received a bit of a boost from the release [press release] of the LTE PlayBook, which packs 32 GB of NAND flash storage, a new 1.5 GHz processor, and RIM's updated PlayBook 2.0 operating system (also QNX-based). But the price point -- $550 USD off-contract -- may sour what little sweetness the improved spec may bring.

Sources: Reuters, RIM

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RE: I'm a survivor
By Belard on 8/14/2012 10:02:06 AM , Rating: 2
I've seen a few BB people come in for upgrades. First thing they all go for is a new Android. Another BB purchase is last from their minds.

Last report from a few weeks ago is that RIM had $2billion in the bank (Some BB fanboy says 7b). $2billion wont't last them 9 months or so when or if BB10 actually ships.

RIM is in far worse shape than Nokia, which actually has a modern product on market for almost a year... yet is still under 2% for all Windows7 phones.

So who is going to buy enough BB to keep RIM alive? Still doubt Samsung would bother.

RE: I'm a survivor
By Mitch101 on 8/14/2012 1:28:21 PM , Rating: 2
Nokia is not in bad shape they have a large cash reserve and sales are unaffected and starting to improve and will only get better when the other carriers jump on board with Win8. They just surpassed Symbian sales and by October will overtake Blackberry marketshare.

Rim is in massive trouble and corporations are now implementing hardware to utilize Android, iPhone, and Windows Phones. Technology like MobileIron and Good. No one seems to be looking at keeping BES servers around and thats a multi-year decision. With Good/Mobile Iron you open to most devices. Plus BB10 is not expected until 2013 by then it will be a distant memory and they might as well be starting from scratch. So if RIM wants a share of the corporate market they need Activesync and MobileIron/Good otherwise if they think they can survive on BES servers they are dead. I wouldnt be surprised if they have a software product that uses ActiveSync that competes with Good Technology and allows for devices from all competitors so even if they lose the SmartPhone war they will stay alive with some of the server marketshare.

The interesting thing to watch will be iPhone sales as there are a lot of indicators the shine has worn off and more people are moving toward Android. The iPhone 5 better have a lot of tricks up its sleeves because a minor improvement will surely get them some sales but unless its big it wont last beyond fanbois love for Apple products.

Off Topic:
The rumor is the Microsoft RT tablets will be $199.00 and have lots of minor patching similar to how quick Android updates come. Nexus, Nook, Kindle, and Windows RT tablets Apple has their work cut out for them competing.

RE: I'm a survivor
By Pirks on 8/14/2012 3:58:51 PM , Rating: 1
The rumor is the Microsoft RT tablets will be $199.00 and have lots of minor patching similar to how quick Android updates come. Nexus, Nook, Kindle, and Windows RT tablets Apple has their work cut out for them competing.
This is bullshit, $199 is impossible price for Surface. Besides Apple has a huge brand power and a LOT of stores everywhere, unlike MS who has no brand power and no stores. Apple with its unique retina screens will keep pwning competition easily for a long time. Your wet dreams about MS Surface domination are totally unfounded. Best thing MS can do is to make a minor dent in crapdroid sales, that's all.

I'm also surprised resident anti-RIM troll Mick even remotely mentioned new LTE Playbook. What happened Jason? Did RIM send you a paycheck or something? You were supposed to ignore all the positive news about RIM, remember? Come on man, get back on track quick :)) Keep trolling 'em nasty canucks LOL :))))

RE: I'm a survivor
By Mitch101 on 8/14/2012 7:53:09 PM , Rating: 2
You need to get out more.

Microsoft Surface for Windows RT tablet coming October 26th for $199?

Microsoft Store Locations

RE: I'm a survivor
By sigmatau on 8/14/2012 8:00:52 PM , Rating: 3
How is it impossible? MS said that their ARM based tablets would be similar in price to the ones out now. There are at least a couple of very good 7" tablets that sell for $200.

RE: I'm a survivor
By Belard on 8/14/2012 6:24:10 PM , Rating: 2
will only get better when the other carriers jump on board with Win8. They just surpassed Symbian sales

How do you know its going to get better? WindowsPhone7 sales are tanked. There is little indication that WP8 will be any different. I mean, I understand... having the desktop OS match the phone OS is supposed to drive phone sales, but I'm betting about a 70+ users will hate Windows8, which means they will HATE WP8 too.

Surpassing Symbian isn't really saying much.

As I stated, RIM is in far worse shape.

Agreed on iPhone5, whatever... I'm sticking with Android - Apple is pissing me off to consider getting an iPhone.

The rumor is the Microsoft RT tablets will be $199.00
its a rumor, and if such a device does hit the market at that price, it too would be a 7" model. The screen and battery of a 10" tablet would make it at least a $350~400 device. At that price, their partners have far less to work with.

RE: I'm a survivor
By Mitch101 on 8/14/2012 8:02:32 PM , Rating: 3
All the major carriers want a 3rd eco system and they are backing Windows Phone 8. Verizon is backing Windows Phone with a major launch in the fall, Samsung is making Windows Phone 8 phones and the specs just leaked on two of the models, Nokia obviously, HTC is back and a bunch of other phone manufacturers are backing Windows Phone 8. Do some research but youll see in September.

Windows Phone is growing.

Microsoft holds 2.7% of the market which is also up from 1.6% in the same quarter in 2011 thats 137% YoY growth In Q2 2012

From 1.6% market share to 2.7% is growth and according to Nokia sales have not slowed on existing Windows Phones. Like it or not Windows Phone is growing.

RE: I'm a survivor
By Belard on 8/15/2012 1:23:18 AM , Rating: 2
So does this mean I should crap my pants and run out and buy a Windows 8 phone?

RE: I'm a survivor
By Mitch101 on 8/15/2012 10:33:44 AM , Rating: 2
No if your Happy with your device by all means enjoy it and screw anyone else who tells you your device sucks.

But if your in the Market for a smartphone serious give the Windows Phone a try. Its really good and WP8 is going to be even better.

Check the reviews on Amazon and read the reviews on customer satisfaction with the phones you'll see the Windows Phone has a really high satisfaction rate.

"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)

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