RIM Hires Bankers to Help Restructure
According to sources cited by Reuters, Research In Motion has hired law firm Milbank, Tweed, Hadley & McCloy to help it devise the best way to reorganize its business moving forward. Some of the ideas on the table include selling select assets, looking at joint ventures, licensing patents to other companies, or opening up access to ir proprietary network. In particular, the company wants generate the maximum possible revenue from its forthcoming BlackBerry 10 platform, which is due to arrive late in the year. Neither RIM nor Millbank, et al., commented on Reuters story, but Reuters' source said, "This is a very mature strategy and RIM was very far down the road with a lot of those discussions with carriers."
AT&T Looking to Sell Assets for Cash
AT&T hopes to offset some of its debt by selling certain assets, reports Reuters. In particular, AT&T may offload several data centers worth about $2 billion, according to sources familiar with AT&T's plans.
BlackBerry Weighing Move to Android
BlackBerry is considering whether or not to make a smartphone based on Google's Android platform rather than its own operating system, reports Reuters. Citing sources familiar with BlackBerry's plans, Reuters says the company is working on a slider handset that would have a touch screen and a slide-out physical keyboard for typing.
Samsung Weighing BlackBerry Acquisition
Samsung has approached BlackBerry about a potential acquisition, according to a report published by Reuters. Citing people familiar with Samsung's plans, Reuters suggests Samsung would be willing to pay up to $7.5 billion for the one-time smartphone king.
Google Hangs Up On Project Ara, Says Reuters
Google has halted efforts to develop its modular smartphone, dubbed Project Ara, according to sources cited by Reuters. Project Ara has been under development for years, but ran into trouble along the way.
RIM nothing but HELP.
2012 Q3 or Q4 and NO the delay is not due to anything RIM has done wrong, it is due to a shortage in the Dual core processing chips they intend to use....when there's a parts shortage (just as PC manufact...
Sale bafore bankruptcy?
I think RIM wants to do one better than Nortel did: Sell what they can before they go bankrupt.
It's a restructuring effort in order to make sure they are profitable moving forward and most likely e...