“Research in Motion may have a shareholder revolt to add to its woes,” The Toronto Sun reports.
“Jaguar Financial, an investment banking shareholder in the technology giant, urges a major strategic shake up, including a possible sale of the BlackBerry maker,” The Toronto Sun reports. “The bank, which invests in poorly performing companies and pushes for change, said RIM needs to appoint a special committee to examine all possible options following the collapse in the company’s share price.”
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The Toronto Sun reports, “‘The status quo is not acceptable. The company cannot sit still. It is time for transformational change,’ Jaguar chairman and chief executive Vic Alboini said in a statement. ‘The Directors need to seize the reins to maximize shareholder value before more market value is lost.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Kewo” for the heads up.]
He very clearly doesn’t want to stick around for amateur hour.
HAHAHA
+1
Does this sound like panic mode to others? Has Apple seriously trounced RIM this badly?
Circling…..circling….circling….waiting for the flush.
If RIMM is sold they’ll have to come up with a merger of sorts rather than a simple buyout for cash. They are worth $15B, which means that with a 30% premium they would have to be bought for over $20B. Motorola just went for $12B and everyone thought that was too high. For a beleaguered company $20B is an awful lot of dosh. Who would do that?
No one!
HP is pretty stupid.
Isn’t there an app for that?
Time to shake(up), rattle and rrrroll up the RIMM??
How insensitive of this investment bank to call for the sale of RIM! Won’t anybody think of the RIMjobs that would be lost here? Who would make up for the lost RIMjobs?
The bank does not care. They are not in the business of worrying about ‘workers’ or the future. They are vultures and pretty much just want to make money at any cost and they will gladly do it while destroying anyone’s future.
If you have any doubts about this just look at the history books (aka the financial market going into ruins a couple of years ago)
F*ck banks… I used to think my grand parents were crazy hiding cash under the mattress now I know exactly why they did it!
Dude
“RIMjobs” ain’t work!
TR
Lol ok yeah you got a fine point there.
They are if your getting paid for it
Sigh… If only they hadn’t made that crack about “amateur hour is over”… If only they hadn’t talked smack so much about apple… I’d have a lot more pity..
With the exception of Steve saying a long time ago how Microsoft simply doesn’t have taste, Apple has never talked trash about their competitors. When they did talk, it was always rather tactful.
Apple is a classy company. Others? Not so much.
Steve said that before he rejoined Apple.
=:~)
Where were the investment bankers when MS stock was dropping in half?
In Redmond, getting RIMjobs.