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.