More calls for RIM breakup

By Posted 12 Oct 2011, 12:28

We reported yesterday about the ongoing problems surrounding the BlackBerry Messenger service, which couldn’t have come at a worse time for the company. Last month an investor of the company said that RIM should be sold off if fortunes weren’t quickly turned around. Now today there are more calls for a RIM breakup.

There are now a growing number of investors who are backing a sale or breakup of the company, and also a new “transformational leader” in charge. According to Reuters Jaguar Financial Corp, have said there are investors of at least eight percent of RIM are behind them regarding the shakeup. This percentage is expected to increase and could lead the Canadian company to talk with unhappy investors.

Shares of the company climbed over four percent following Jaguar’s support of the action, as the BlackBerry platform continues to lose market share to Apple and Android. There were rumors earlier this month that UK carrier Vodafone could be sniffing round with the possibility of a takeover.

Jaguar Chief Executive Vic Alboini said that there were many who supported the idea of selling RIM, or a major shakeup of the company. Jaguar is a Canadian merchant bank that targets struggling companies, and want RIM to appoint a new chief executive. They also want the company to be sold as one or in parts.

A few months ago at its annual general meeting, RIM said over ninety percent of share holders backed the re-election of the current directors and co-CEOs. The company is looking to its next generation of devices and the new QNX operating system to turn its fortunes around.

Do you think RIM should be sold?

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  • Ffitchner

    RIM’s value has peaked and i don’t think their growth rate will ever be positive again. As a consumer I liked my blackberry alot however, I LOVE my android. I don’t believe there is anything they can do to lure back any of their old users and android will get most of the new users. I say sell while there is still some value in this company.

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