ABE chair meets Beheira, Daqahleya governors to advance agricultural development    CIB launches training programme, awareness campaigns for Global Fraud Awareness Week    Israel accused of ceasefire violations as humanitarian risks escalate in Gaza    Maternal, fetal health initiative screens over 3.6 million pregnant women    Banque Misr signs EGP 3bn revolving credit facility with SODIC    The Future Begins Now: A National Alliance Bridging the Gap Between Classroom Seats and Leadership Dreams    Ahl Masr Burn Hospital Concludes First Scientific Forum, Prepares for Expanded Second Edition in 2026    Egypt signs mining training agreement with Australia's Murdoch University    Australia returns 17 rare ancient Egyptian artefacts    Gold prices edge lower on Thursday    Gaza death toll rises as humanitarian crisis deepens, Israeli offensive expands in West Bank    Egypt expands rollout of Universal Health Insurance    Cairo affirms commitment to Lebanese sovereignty, urges halt to cross-border violations    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



RIM Discusses Hiring Financial Adviser to Weigh Options
Amwal Al Ghad Published in Amwal Al Ghad on 17 - 04 - 2012

Research In Motion Ltd. (RIM), the troubled maker of the BlackBerry Smartphone, is in talks to hire a financial adviser to help it weigh strategic options.
A decision to work with at least one bank could come in the next few days, said one of the people, who asked to remain anonymous because the deliberations are private. RIM would prefer an agreement to license its mobile-phone software, and its next choice is a strategic investment, one person said. RIM doesn't plan to sell itself.
RIM said last month that it's weighing strategic changes after market-share losses to Apple's iPhone and handsets that use Android software led to five straight quarters of sales shortfalls.
RIM Chief Executive Officer Thorsten Heins said that while the Waterloo, Ontario-based company would consider a sale, that wasn't “the main direction" he's pursuing.
The company is considering hiring one Canadian bank and one global bank, two of the people said. RIM's stock has declined 75 % in the past 12 months amid rivalry from Apple and Smartphone makers that rely on Google's Android software.
Heins, who replaced co-CEOs Jim Balsillie and Mike Lazaridis in January, said on March 29 that RIM will redouble efforts to attract business customers while reviewing options, such as licensing, partnerships, joint ventures and other ways to “leverage" assets.
Other options include finding ways to wring more money from its messaging service and patents portfolio, which are its most valuable assets, the people said. Microsoft Corp and Samsung could be among the interested parties, as Bloomberg stated.
If RIM were to put its patents up for sale, Microsoft would be interested in taking a look, according to a person with knowledge of the matter. The company is unlikely to seek a strategic investment in RIM or an outright acquisition.
RIM's top priority is finding a bank that can advise the company on potentially licensing the new BlackBerry 10 operating system, currently under development, a person said.
RIM plans to give software developers prototypes for the first BB10 phones in early May. It's preparing a consumer device with the software to revive U.S. sales, which plunged by more than half last quarter.

Clic here to read the story from its source.