“The new chief executive of BlackBerry maker Research In Motion Ltd. is overhauling the company’s executive ranks and exploring strategic options, including a sale of the struggling smartphone pioneer,” Will Connors reports for The Wall Street Journal. “The changes include the exit of longtime executive Jim Balsillie, who had presided over RIM’s rise and steep fall. Mr. Balsillie, who until earlier this year was co-CEO, resigned his board seat and is parting ways with a company he helped run for 20 years.”
Connors reports, “The moves are an attempt to ensure the survival of the Canadian company as it makes an effort to catch up with rivals like Apple Inc. and Google Inc. that are winning away its customers at an accelerating pace.”
MacDailyNews Take: In the U.S., Apple’s pace has a bit more acceleration than Google’s:
Connors reports, “Technology bankers say the field of potential buyers for the entire company is limited, although there could be buyers for parts of its business, such as its software assets, its network, and its portfolio of patents related to wireless technology. Last year, Microsoft Corp. MSFT -0.22% and Nokia Corp. NOK -2.21% discussed making a joint bid for RIM, people familiar with the matter said, but those talks were very preliminary.”
“Microsoft, which already has partnerships with RIM, has long been considered a suitor. Analysts have said a deal would give Microsoft a foothold in the handsets market,” Connors reports. “Still, Microsoft has not made a public move and could be waiting for RIM’s stock to get even cheaper before it decides to pursue a deal. Microsoft declined to comment.”
“RIM popularized mobile email, and its devices were once a badge of success in the corporate world. But companies and even governments have moved rapidly away from RIM, which was outsold by Apple’s iPhone last year even in its home market of Canada,” Connors reports. “The damage was evident in RIM’s fourth quarter, which ended March 3. Revenue dropped by 25% from the same quarter a year earlier, and the company said it would write off $267 million worth of unsold BlackBerry 7 models, its newest device. Apple, by contrast, saw its sales rise 73% in the three months through December.”
Read more in the full article here.
MacDailyNews Take: Micromotion.
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