Linked by Howard Fosdick on Wed 30th May 2012 06:46 UTC
PDAs, Cellphones, Wireless Struggling RIM will layoff up to 2,000 employees in an attempt to right itself while it pins its hopes on the Blackberry 10. Wireless industry analyst Peter Misek of Jefferies & Company opines: "We maintain that the only path for RIM is to partner with someone, to be acquired, or to turn themselves into a software company, and I think that path with become very clear to the management team by the end of the year."
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Palm?
by adkilla on Wed 30th May 2012 10:41 UTC
adkilla
Member since:
2005-07-07

Looks like another Palm in the making?
Hmm.. who would likely buy them out? MS?
Let the acquisition speculations begin!

Reply Score: 2

RE: Palm?
by butters on Wed 30th May 2012 13:42 UTC in reply to "Palm?"
butters Member since:
2005-07-08

Maybe Facebook will buy RIM. They seem to want into the handset business for some reason, and they'll spend a billion dollars on just about anything. Plus they need to convince corporate IT managers that they shouldn't block Facebook because it's like the new email or something.

Reply Score: 3

RE[2]: Palm?
by Bill Shooter of Bul on Wed 30th May 2012 19:19 UTC in reply to "RE: Palm?"
Bill Shooter of Bul Member since:
2006-07-14

That makes no sense at all. Which is exactly why it will happen.


Opera, RIM & facebook.

What ... the ... heck?

Edited 2012-05-30 19:19 UTC

Reply Score: 2

RE[3]: Palm?
by zima on Wed 6th Jun 2012 01:50 UTC in reply to "RE[2]: Palm?"
zima Member since:
2005-07-06

Hm...

Facebook has working relationships with mobile operators throughout the world ( http://blog.facebook.com/blog.php?post=391295167130 ), which offer "preferential" access to FB. And the largest part of FB usage growth probably happening via mobile now ( http://www.osnews.com/permalink?519556 )

RIM - clarly also has working relationships with operators, and a subscription-based IM network.

Opera - a mature browser compression technology, and FB is a top site visited by its mobile users already ( http://www.opera.com/smw/2011/11/ )


So - a "free" FB access (fuller one than 0.facebook.com) for subscribers of many mobile carriers, including "Facebook Blackberry messenger"?
Damn, it makes a scary kind of sense...

Reply Score: 2

They still got QNX
by Nicram on Wed 30th May 2012 10:46 UTC
Nicram
Member since:
2006-01-31

So they should have stable income i think, just do some marketing to promote it, to remind anyone it's still here.

Reply Score: 3

RE: They still got QNX
by cyrilleberger on Thu 31st May 2012 07:19 UTC in reply to "They still got QNX"
cyrilleberger Member since:
2006-02-01

QNX was earning in the 50 millions of $ prior to be acquired by Harman International in 2004, at which point its financial report started to be unavailable. And unless the sales have been magically multiplied, it is still likely to be around that amount. Picture me skeptical that QNX sales would save the day for RIM which has income of around 18 billions of $.

Reply Score: 2

Qnx
by judgen on Wed 30th May 2012 11:35 UTC
judgen
Member since:
2006-07-12

QNX is a potential patent goldmine if the wrong kind unscrupulous evil trolls get their filthy paws upon it.
Hope RIM will only sell (if at all) to a serious buyer.

Reply Score: 5

Meh
by twitterfire on Wed 30th May 2012 15:34 UTC
twitterfire
Member since:
2008-09-11

What assets does RIM have to make it so valuable for the potential buyer to pay tens of billions for it? I guess RIM won't sell for less.

As a software only company RIM doesn't stand a chance. Sell the software to who? Anybody can get Android for free, WebOS for free, Tizen for free, Bada OS very cheap.

Their only chance is to took it from where Nokia left: make cheap phones, mid level phones, quality phones, durable phones with good battery life. Don't cater only to a few selected business but to mass market.

Reply Score: 2

RE: Meh
by anda_skoa on Thu 31st May 2012 09:43 UTC in reply to "Meh"
anda_skoa Member since:
2005-07-07

What assets does RIM have to make it so valuable for the potential buyer to pay tens of billions for it?


Enormous amount of real estate. RIM has been investing into real estate for more than a decade, it is said that they are one of the top three owners of real estate in Canada.

Successful companies do not always just invest into their business or related assets (e.g. manufacturing facilities), often they invest into things that are totally unrelated so they can either be sold, rented to used as guarantees for banks if cash is needed

Reply Score: 2

Hmm - decisions, decisions
by JLF65 on Wed 30th May 2012 17:16 UTC
JLF65
Member since:
2005-07-06

Fire 2000 employees, who do all the work, or fire ten executives, who don't do anything anyone can put a finger on... which to do...
;) ;)

Reply Score: 4

RE: Hmm - decisions, decisions
by zima on Wed 30th May 2012 19:38 UTC in reply to "Hmm - decisions, decisions"
zima Member since:
2005-07-06

...implying that firing ten executives would bring the same savings as 2000 employees, hence the former are paid 200 times more?

Hm, no. Canada might also have this problem, but not quite to the levels of "leading" US: apparently ( http://en.wikipedia.org/wiki/Executive_pay#Canada ) the top 100 Canadian CEOs get paid 189x as much as an average Canadian - but of course not all executives at RIM are CEOs (even if RIM had a bit unusual situation with two CEOs ;) ), and typical RIM employee is certainly not society-average.

So we'd have to fire, I don't know, at least 50 of those at managerial positions? 100? 200?
(and while RIM clearly had some hiccups with its management and decision making processes ...I'm not sure if outright gutting them out would help much)

Reply Score: 2