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.