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RIM turns outward for inward review

Wednesday, May 30, 2012 - 01:16

May 29 - Research in Motion has hired JP Morgan and RBC Capital Markets to review its business options as it warns of an operating loss for the quarter. Conway G. Gittens reports.

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PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL Research in Motion says it has hired JP Morgan and RBC Capital Markets to review its business, heightening speculation the company may put itself, or parts of its business, up for sale. The question for Rick Summer of Morningstar is, is there anything left worth buying? SOUNDBITE: RICK SUMMER, SENIOR EQUITY ANALYST, MORNINGSTAR (ENGLISH) SAYING: "You've got a declining user base, a very clue-gy operating system there at the same time. I am not sure what you buy. You certainly don't buy an installed base. I think that BlackBerry users are still pretty excited to get it and replace it with something else along those same lines. The handset business frightens us." The BlackBerry maker has fallen on hard times as the Apple iPhone and Google Android smartphones take away big chunks of its marketshare. The company is hoping to staunch the bleeding with next generation BlackBerries due later in the year, but analysts fear that may be too late with competitors debuting upgrades to more popular models. Shares closed New York trade above $11 a share. They were at $70 just over a year ago. Conway Gittens, Reuters

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RIM turns outward for inward review

Wednesday, May 30, 2012 - 01:16