RIM investor wants company to think about selling itself

Research in Motion has not had a good business year so far as its Blackberry smartphones have lost market share to its rivals and sales of its Blackberry Playbook tablet have been under whelming. Now a financial group that owns some shares in RIM have asked that the company's board of directors to consider selling off the company or at least sell off its patent holdings in order to increase the company's stock price.

Bloomberg reports that the Jaguar Financial Corp is asking the RIM board to take over from its two CEOs, Mike Lazaridis and Jim Balsillie, and launch a committee to begin to look into these options. Jaguar Financial Corp claims it has a number of supporters, who currently control less than five percent of RIM's stock. Jaguar would not reveal how much of RIM's stock it currently owns.

RIM has seen sales of its Blackberry smartphones take a hit thanks to the increased popularity of Android-based phones as well as Apple's iPhone. In late July the company announced that it was laying off 2,000 of its workers. RIM has been counting on the launch of its first smartphones that will use its QNX operating system to help boost its revenues. However, those phones are not due for release until early 2012. Jaguar Financial Corp's CEO Vic Alboini is quoted as saying, "You cannot put all your eggs in one basket. The board should be saying, ‘What if these products don’t pan out?’ You don’t want RIM to turn into another Nortel." A spokesperson for RIM declined to comment on Jaguar Financial's statements.

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Hard to take Jaguar seriously when they won't disclose how much stock they hold...

Isn't Blackberry/BBM more popular with consumers in the EU than here in NA?

I guess their only hope of staying competitive would be a QNX-based superphone. If they can match the specs of other superphones and couple it with an OS that's modern (with all the necessary features), then they should be able to bounce back into the race. Of course, it'd have to be priced well.

Anaron said,
.... superphones .....

I loathe the term.
It's a marketing gimmick by Android handset manufacturers and carriers to tout the multi-core nature of newer Android sets. It fools the average uneducated consumer into thinking that multi-core is the best choice.

This is simply untrue. Many single core phones will give better experience over these multi-core battery munchers.

sorry for the off topic rant, but that term needs to die.

So "Jaguar Financial" won't disclose how much stocks they own and their supports have about 5% of total stock. Unless they had majority share I can't see RIM giving to sh*ts about what these investors are saying. They know they f*ckd up and are slowly recovering. If these investors fear a Nortel than maybe they should 'cut their losses' now.

Anybody can do anything. RIM really did have a good company and for several years they were streamlined in big business. Personally I think they have great phones and I love my torch. But when you don't change when everything is changing, you fall behind. I know this company has it in them, they just have to do something drastic that amazes everyone. Now, I would love a 5" screen with android support!

This just in: Investor wants company to do something that would make him a lot of money. More at 11.

If there's one thing that repeatedly demonstrates itself with investors, it's that they have no interest in the long term goals of a company, and if selling the company makes him/her money at the cost of the company itself, that's what they'll recommend.

Majesticmerc said,
This just in: Investor wants company to do something that would make him a lot of money. More at 11.

If there's one thing that repeatedly demonstrates itself with investors, it's that they have no interest in the long term goals of a company, and if selling the company makes him/her money at the cost of the company itself, that's what they'll recommend.

Exactly! I mean seriously, these idiots want the company to sell off their patents, then have to licence said patents again?

And what do you think will happen when the company sells itself or its patents, and the stock price goes up? These "investors" will unload the stock as quickly as they can.

If the company would make some type of effort to compete with Apple and Android there wouldn't be a problem but they seem to be stuck in the past and as a BlackBerry user this is very sad. I am going to a iPhone in March when I can upgrade.

NoLiMiT06 said,
If the company would make some type of effort to compete with Apple and Android there wouldn't be a problem but they seem to be stuck in the past and as a BlackBerry user this is very sad. I am going to a iPhone in March when I can upgrade.

they are stuck in the past because businesses are stuck in the past and they are their number one customer.. majority of companies have windows XP right now which is holding back even microsoft because they need to keep supporting it and not let it die.. just like the blackberry brand need to work with the old systems that are in place in these corporations..

apple has people that are willing to buy an 800 dollar subsidized phone and then just chuck it in the garbage after 2 years and get a brand new one.. (i know it is 200 for the phone on a contract but apple gets around 700-800 per phone from the cell companies

Lachlan said,

they are stuck in the past because businesses are stuck in the past and they are their number one customer.. majority of companies have windows XP right now which is holding back even microsoft because they need to keep supporting it and not let it die.. just like the blackberry brand need to work with the old systems that are in place in these corporations..

apple has people that are willing to buy an 800 dollar subsidized phone and then just chuck it in the garbage after 2 years and get a brand new one.. (i know it is 200 for the phone on a contract but apple gets around 700-800 per phone from the cell companies

Why are so many companies and governments moving from BlackBerry and switching to Android (US Army) and Apple (US Air Force)? My girlfriends dad is pretty high up in the Air Force (inline for Chief of the Air Force) and he was recently given a iPad and iPhone for work.