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RIM Hires Bankers to Help Restructure

Apr 23, 2012, 7:48 AM by Eric M. Zeman

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."

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Comments

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This forum is closed.

marufio

Apr 23, 2012, 7:37 PM

RIM nothing but HELP.

Why is RIM in the news only for help with its company. Where are the new phones with the new OS.

T Bone

"Where are the new phones with the new OS?"

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...
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Andras888

Apr 23, 2012, 11:25 AM

Sale bafore bankruptcy?

I think RIM wants to do one better than Nortel did: Sell what they can before they go bankrupt.

HawkeyeOC

Andras888 said:
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...
(continues)

...

T Bone

RIM is nowhere near bankruptcy, they posted a PROFIT of more than $2 billion in 2011....

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