RIM hires Goldman Sachs to possibly field buyout offers

It’s Friday the 13th, and what’s more appropriate than some grim Research in Motion news? Rumors are swirling that the BlackBerry maker has hired investment bank Goldman Sachs to help actively shop itself to potential buyers. According to Reuters, one unidentified trader said yesterday that RIM is “up on Goldman,” but cautioned that it doesn’t mean a sale is coming anytime soon. This only further adds to growing speculation of a RIM sell, something that has been ongoing for months now. It’s been widely speculated that Amazon, Microsoft and Nokia has shown an interest in scooping up the struggling Canadian-based manufacturer, but changed their mind.

Regardless, RIM is in serious trouble, especially with recent data suggesting that 75 percent of BlackBerry owners want to switch to the competition. That said, I refuse to believe they aren’t up for sale because no one is interested in acquiring them, come on, that’s just ridiculous. Research in Motion still has a strangle-hold on the business enterprise market, and the company controls a trove of patents that’ll interest any business serious about making a footprint in mobile. It’s clear that the problem with the company is the stubbornness of CEOs Mike Lazaridis and Jim Balsillie. The fact that shareholders and board members are allowing these two to run things into the ground is mind-boggling.

[via cnet]

  • Anonymous

    RIM has strange culture and self distruct political environment.
    In RIM if a new hired person figure out major problem and introduce efficient approach, both manager and his buddy group member will proof their wrong approach works. just like someone point out driving a car is right way, pushing a car is wrong way, then both manager and his buddy group member will hate you, and proof that 3 person can also move the car by pushing it. cheating email will be sent to some vice president, saying like: see, the car moving, pushing a car is a natural part of the process, in order to deny new hired contribution of introducing skill of drive a car, they have to deny merit of driving a car.
    It is very strange company culture and strange company political environment, it promote stealing and cheating skill. RIM’s management may be a typical instance in MBA course.
    This culture deny or steal hardworking team members’ contribution/innovation, generate strange political environment, destroy RIM.

  • Anonymous

    Actually the time to sell RIM was over 1 year ago.  At this stage its management has set the company up for a fire sale.  Sure, it’s patent portfolio has value to those with certain exposure…but BB’s “stranglehold” on the business enterprise segment has been under assault for the last 2 years.  As well, competitive offerings to BBM have matured to the point where even this coveted service has been essentially commoditized.  It’s not a good picture.  RIM missed the opportunity to partner 2 years ago, in order to generate a more viable ecosystem, and now it’s sadly in a death spiral.

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