RIM hires advisers to help with turnaround strategy

RIM hires advisers to help with turnaround strategy

BlackBerry manufacturer Research In Motion (RIM) has hired advisers to help with the company's turnaround strategy, which is being led by CEO Thorsten Heins.

A RIM statement said: 'RIM has hired advisers to help the company examine ways to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives.

'As Thorsten said on the company's fourth quarter earnings call, "We believe the best way to drive value for our stakeholders is to execute on our plan to turn the company around." This remains true.'

A report in the Sunday Times claimed the Canadian company was considering selling its BlackBerry devices division and its BlackBerry network.

The report also claimed options being looked at by the banks include breaking off the handset division into a separate listed company or selling it to a rival.

It said potential buyers included Amazon and Facebook, which could be looking at developing its own smartphone.

Another option, the report claimed, was to sell a stake in the business to a software company such as Microsoft.

Jaguar Financial, a large investor in the company, has made it clear that it wants RIM to sell the handset division and its patent portfolio, leaving RIM with its BlackBerry network, which it could license to rivals such as Apple and Google.

Written by Mobile Today
Mobile Today

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