RIM investor thinks the company should be sold

RIM investor thinks the company should be sold
RIM and the BlackBerry platform are not doing well, that's not really a secret. The company stock has been falling along with the BlackBerry market share, and the company doesn't seem to be doing a lot to avoid a complete failure. The BlackBerry PlayBook has been very disappointing, and there are continuing rumors that Android apps will be running on BlackBerry very soon. Now, Jaguar Financial Corporation CEO Vic Alboini has told Bloomberg that he thinks RIM should consider selling patents or even the entire company in order to boost investor returns.

Alboini is worried that RIM management is putting all its eggs in the QNX basket and expecting that devices slated for next year will help the company turn things around. Apparently, RIM management hasn't been doing much as far as looking at other strategies to stop the company slide, and has no real backup plan if QNX doesn't hit with consumers. Of course, the PlayBook ran QNX, but the OS has not been blamed for the device's troubles (the real culprit is the insane BlackBerry Bridge required for any normal functionality.) 

According to numbers by Gartner, BlackBerry fell to a 12% global market share in Q2 of 2011, and if QNX doesn't turn the company around, Alboini is worried that it will become another Nortel and end up in bankruptcy. 

source: Bloomberg

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21 Comments

1. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

But who would buy RIM?

3. protozeloz

Posts: 5396; Member since: Sep 16, 2010

Goolge :D

6. ilia1986 unregistered

Or Apple. And then boast how they invented the physical curved portrait keyboard back in 2004. And patented it of course.

9. snowgator

Posts: 3621; Member since: Jan 19, 2011

Apple buying Blackberry? Wow, that is almost funny and scary at the same time. They are the ONLY company that seems to combine the hardware and software and stay competitive. Grabbing the resources of RIM to add their own would just really up the mobile wars, wouldn't it? Apple has the cash to burn that is for sure....

15. lolz unregistered

+1 Google and RIM joined partnership make sense on so many levels. They would appeal to 2 different user markets, would have a large patent portfolio and interoperability between qnx and android.

2. M0nkeyBr

Posts: 77; Member since: Jul 13, 2011

They can build a android phone a android phone with a heavy blackberry skin it has android with bbm and email support

10. Yeeee

Posts: 190; Member since: Aug 02, 2011

Apple should buy it and make a touchsreen blackberry with qnx, ios and android. 10mp camera, quad core, lte. Get on it Apple

4. lubbalots unregistered

MS would be a better candidate folks. RIM BB phones are geared more towards business types. MS has the tools to combine with RIM BB in this case.

8. snowgator

Posts: 3621; Member since: Jan 19, 2011

Yeah, MS would be better. But, if the Nokia partnership jumps WP7 phones into a worldwide market, and the Japan and China market get's open to them through several other handset makers, all of a sudden Microsoft is in third place with no overhead in hardware to drag down profits. So, why would they want them? It might make sense if the sales of windows phones are not up into the 12% - 20% area by the end of 2012, for than they may have to branch out to compete. But otherwise they should just stick to software.

11. lubbalots unregistered

Agreed! But how about RIM BB patents? What do you think?

5. jtech

Posts: 101; Member since: Jul 14, 2011

Let's go MS! That would be pretty cool to see a blackberry run mango but I think the keybored would need to be a slide out, a clam like the arrive, or the same thing that ran on the storm series

7. snowgator

Posts: 3621; Member since: Jan 19, 2011

Does anyone besides me get the feeling that RIM will either bounce back in 2012, or just keep trying until there is a hostile takeover or a complete bottoming out? Let's not forget, though, 12%-15% of the smartphone market will keep Blackberry afloat. Actually, 10% would do it. QNX better have been worth it.

14. ayephoner

Posts: 858; Member since: Jun 09, 2009

i dont see a bounce back. qnx wont come until q1 at the soonest. by then everyone will have an iphone 5, new droid option or mango. plus RIM hasnt launched anything on time lately and they are said to only have a 1ghz single core in the first qnx device. some people will always swear by blackberry, but that number is dwindling quickly.

12. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Unfortunately, I just don't see QNX being RIM's salvation. RIM is so late to the party, I doubt that porting Android to their handsets would stop (not to mention reverse) their market decline. More and more of RIM's golden clients (corporations) are moving to iOS or Android. Decisions are beeing made daily regarding moving off the RIM platform. For the reasons already mentioned, I don't see MS buying RIM. And I don't see Google buying RIM either - Moto has a larger patent portfolio than RIM.

13. protozeloz

Posts: 5396; Member since: Sep 16, 2010

it may not be for mobile patent but could be to use RIP IP to make android devices more secured than ever

16. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

According to discussions I have had with people who make a living advising corporations on mobile security matters, the latest versions (2.3+) of Android have better security provisions than RIM devices. Apparently, RIM devices aren't sand-boxing applications while Android (and iOS) are implementing sand-boxing. Of course, sand-boxing is one the points that Oracle is arguing that Android infringed the Java patents that Oracle picked up from Sun, so that may change....

19. I hate Droids and Doug unregistered

Your a complete f**king moron....

17. downphoenix

Posts: 3165; Member since: Jun 19, 2010

they'll likely go the way of Palm, or worse. Maybe they could push towards the tablet market with QNX, they do stand a chance if they price more competitively and put in better hardware.

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