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."
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.
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.
Nokia's HERE Maps Quick to Draw Suitors
Four companies have expressed interest in acquiring Nokia's HERE Maps business, reports Reuters. A coalition of German auto makers, Audi, BMW, and Daimler, are weighing a joint bid, as are Facebook, Uber, and U.S.
U.S. Lawmakers Want AT&T to Sever All Ties with Huawei
Some people who work for the U.S. government don't want AT&T and other firms doing business with Huawei, according to Reuters.
Deutsche Telekom Shopping T-Mobile to Comcast
Deutsche Telekom is discussing with Comcast the possibility of the cable firm buying T-Mobile US. Deutsche Telekom is talking to several other companies, including Dish Networks, but Comcast is seen as the primary contender thanks to its stronger finances.
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...