∞ RIM shareholders want company put up for sale

Noting its poor stock performance, lack of innovation and loss of market share, Jaguar Financial is leading the charge to have something done at RIM.

In a statement on Tuesday, Jaguar Chairman and CEO Vic Alboini called on RIM’s Directors to maximize shareholder value. This includes putting the company up for sale and selling off the patent portfolio.

“The status quo is not acceptable, the Company cannot sit still. It is time for transformational change. The Directors need to seize the reins to maximize shareholder value before more market value is lost,” said Alboini.

RIM’s failures, including the disastrous release of the PlayBook tablet, have led the company’s stock to fall over 80 percent since 2008.



  • Gustav

    RIM’s performance may be disastrous as of late, but selling off the patent portfolio will do nothing but create another patent troll – the last thing the industry needs.

    A wholesale replacement of the board and CEOs is the answer.

    • Anonymous

      Agree 100%. Now a days, short term gain is the norm. Sell of the parts close the doors and to hell with all the employees who still want to make a go of it. Just think if Apple had done what Michael Dell suggested. 

      Just two cents

  • Anonymous

    RIM still has ‘some’ time to turn around their fortunes. What they lack right now is the vision.

    There are way too many ‘white fur coat wearing’ shareholders calling on companies to ‘pay me my money.’

    They took over at HP. Will they take RIM next?
    
  • http://www.informationworkshop.org Mark Hernandez

    What RIM produces next year should be something that was started at least three years before.  We don’t know what Apple is working on, so why should we know that RIM has nothing in the works?  Just wondering.

    • http://www.aichon.com Brad

      This is the company that announced three generations of PlayBook devices before they shipped even one.

      http://www.loopinsight.com/2011/02/16/rim-needs-to-shut-up-and-ship/

      They’ve already shown their hand, and they have nothing up their sleeve. Apple is famous in the industry for its secrecy, but most companies show what they have in the works, and RIM is no exception. In fact, one of RIM’s problems is that they show too much and deliver too little.

  • Anonymous

    Glad someone (other than Jim) is making a public rallying cry to try to wake up RIMs board but I can’t help thinking that it might already be too late….  Who’s gonna buy them??  HP???

  • http://twitter.com/Moeskido Moeskido

    Apologists Assemble!

  • Michael

    What Apple has done in the last decade and some may say the last 30 years is entriched itself in the hearts and minds of many consumers and honestly there has not been a consumer company that has ever come close now or since except maybe Sony of the 70′s and 80′s. But I still dont  believe Sony was ever on the same level as Apple is now. And the scary part for Apple’s competitors is that I do not believe they are yet done!

  • Michael

    What Apple has done in the last decade and some may say the last 30 years is entriched itself in the hearts and minds of many consumers and honestly there has not been a consumer company that has ever come close now or since except maybe Sony of the 70′s and 80′s. But I still dont  believe Sony was ever on the same level as Apple is now. And the scary part for Apple’s competitors is that I do not believe they are yet done!

  • Anonymous

    Too easy! The iOS 5, iPhone 4S/5 & iCloud announcements should put this company out of their misery. The only thing propping them up at the moment is the weak-loyalty of misguided Canadian investors that feel patriotic to RIM. The best part is no-matter how much worse it gets, RIM & its customers won’t except reality for what it is!  

    • Jth9234

      50 million active users worldwide tell a far different story. Could that number be declining? Yes, but RIM still has a large enough market share and user base to be relevant in the smartphone market. Depending on how you quantify it, they are anywhere from the market leader to 3rd in this market.

      As for their venture into the tablet market, I think everyone not named Apple has struggled to gain market share, but RIM has a legit shot at being a distant second. 

      My personal opinion is that the Playbook is already the best tablet out there. All tablets are still very flawed when compared to say laptops, but the Playbook is just the best one of what a tablet is and should be. The great part is it still has an upside in constant software improvements, with the next one being rumored to be an Android app player app.

      • Anonymous

        Hmmm, sounds great!