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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 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.

"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov

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