Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

RIM Looking To Hire Bank For Strategic Options Review: Report

RELATED NEWS
Trade BBRY now with 

Struggling Canadian smartphone maker Research In Motion Ltd. (RIM, RIMM.TO) is in talks to hire a financial adviser to help it weigh its strategic options, Bloomberg reported Monday, citing three people with knowledge of the matter.

RIM is looking to hire one Canadian bank and one global bank to help in the process, the report indicated Monday.

Last month while reporting its fourth quarter earnings result, CEO Thorsten Heins indicated the company was considering a comprehensive review of strategic opportunities including partnerships and joint ventures, licensing, and other ways to leverage its assets and maximize shareholder value.

RIM, once the undisputed king of the smartphone market, has struggled lately to compete with Apple's (AAPL) iPhone and iPad, and devices powered by Google's (GOOG) Android software.

For the fourth quarter of 2011, the company reported net loss of $125 million or $0.24 per share on revenues of $4.19 billion.

Click here to receive FREE breaking news email alerts for BlackBerry and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.