Research In Motion is a company in transition. It is going from a global powerhouse smartphone maker to a struggling equipment manufacturer with too much company bloat, an aging operating system and declining user base. In a letter to investors today, CEO Thorsten Heins acknowledged that RIM had contacted bankers from J.P. Morgan and RBC Capital Markets to assist RIM in reviewing its financial stability and goals. In essence, Heins said that RIM, or at least parts of it, may be up for sale.
Essentially, RIM is cutting itself back to core competencies. BlackBerry 10, which will have to be the company’s saving grace (or it will have to sell for sure), will be getting the lion’s share of resources in the near term. International sales and BlackBerry Messenger are two of RIM’s remaining strengths and will likely get a boost too. Marketing will see a bump as well, especially as BlackBerry 10 comes to off the assembly line. Anything else outside of those areas will be ripe to be sold, lose employees or outright shut down.
All the hopes for RIM rest with BlackBerry 10. Until that is released, RIM will be hurting and shedding money. Heins’s job until that point is to keep the company afloat and explore all options, including a sale of all or part of the business.
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