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RIM Confirms Hiring JP Morgan & RBC to Investigate Partnerships, Licensing, and Alternatives


There were two little tidbits that RIM’s CEO, Thorsten Heins, slipped into the business update RIM released today. First of all Heins set the stage for the hard facts that RIM will have a rough few quarters and fall short of what Wall Street wants to see. They also confirmed the previous rumor that had them hiring J.P. Morgan Securities LLC and RBC Capital Markets for a strategic review of their business and financial performance. As you can see below they have hired both of them to help RIM identify opportunities through partnerships, licensing, or other business models:

To further enhance our commitment to successfully completing our transformation, after the release of our year-end financial results, we engaged J.P. Morgan Securities LLC and RBC Capital Markets to assist the Company and our Board of Directors in reviewing RIM’s business and financial performance. These advisors have been tasked to help us with the strategic review we referenced on our year-end financial results conference call and to evaluate the relative merits and feasibility of various financial strategies,including opportunities to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives.

I am not sure what that will mean in the short term since Heins has stated that RIM first needs to prove BlackBerry 10 before considering licensing it. In other words expect to hear more during RIM’s earnings call.

4 total comments on this postSubmit your comment!
  1. Hiring M&A firms to help you evaluate “strategic options” has only ever been code for one thing. RIM is looking for a purchaser.

    Shouldn’t be long until we have the “by whom, when, and for how much” questions answered.

    I’m curious if it will be a public firm (facebook? Microsoft?) or some PE/LBO/Hedge fund.

  2. Facebook is a likely candidate, according to sources.

  3. Facebook is a loser and time waster. Hope some other tech company buy RIM. Go MS!!

  4. I personally think that it would be a mistake for RIM to sell or license their product. RIM is not in any debt, they have over 2-billion dollars in the bank. BlackBerry 10 will change the game and bring the customers back to the BB-World, they just “HAVE TO” market it correctly. Right Nokia is trading @ $2.92 a share and they are doing just fine. FaceBook shares are droping fasting than RIM’s and they are doing fine. RIM needs to hold strong (just like the fans and users who would rather die than use a i-maxi or a droid). That’s my $0.02…

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