RIM to Sell Off Recent Acquisitions to Try to Save BB10 Bid
August 14, 2012 6:43 AM
comment(s) - last by
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. (
). 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 [
], but it's unlikely to get that much back, given the fast turn-around.
"other minor assets that it recently acquired" would also be up for sale.
Here's a list of RIM's recent acquisitions (courtesy of
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
, 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
[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.
This article is over a month old, voting and posting comments is disabled
RE: BB10 is almost here..
8/14/2012 4:25:47 PM
Yay... and only 2 years too late.
"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard
Report: IBM Wants to Buy RIM's Enterprise Service Unit if BB10 Flops
August 10, 2012, 12:12 PM
Amid Soaring Losses, RIM Leaders Preach Optimism; Stock Drops
July 11, 2012, 1:35 PM
RIM's CMO Says BlackBerry 10 is so Popular it Advertises Itself
July 10, 2012, 1:51 PM
RIM Takes Huge Loss, Lays Off 30% of Workforce, Delays BB10 Until 2013
June 28, 2012, 5:15 PM
Quick Note: Details on RIM's L-Series, N-Series BlackBerry 10 Smartphones Leaked
June 25, 2012, 10:18 AM
Microsoft Launches Budget Lumia 640/640 XL; No High-End Devices Until This Fall
March 4, 2015, 9:10 AM
Finished Apple Watch Expected to be Showcased at"Spring Forward" Mar. 9 Event
February 26, 2015, 12:17 PM
Google Preps Pixel 2 ChromeBook, New X Server Replacement "Freon"
February 24, 2015, 11:12 PM
Report: Samsung Semiconductor Bounces Back w/ iPhone SoC and Memory Orders
February 24, 2015, 1:40 PM
Comcast Borrows Apple's Branding Flourishes for Its Remotes
February 24, 2015, 11:32 AM
NVIDIA Bows to Outraged Overclockers, Will Restore Feature in Upcoming Driver
February 23, 2015, 12:30 PM
Most Popular Articles
Windows 10 Adds USB 3.1 for Dual-Role Peripherals, External Display Support
February 27, 2015, 11:39 AM
FCC Bans Data Discrimination, Defies Comcast, Adopting Net Neutrality Regulation
February 26, 2015, 4:03 PM
Australian Engineers Successfully Developed 3D-Printed Jet Engines
March 2, 2015, 11:08 AM
Samsung is Bringing Sexy Back w/ Launch of Razor-Thin Galaxy S6 and S6 Edge
March 3, 2015, 2:25 AM
Lenovo Vows to Drop "Adware" and "Bloatware" From Its PCs
February 27, 2015, 3:09 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
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
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information