Investors Urge RIM to sell the Company or its Patents

This article was last updated on April 16, 2022

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According to a recent report, Research in Motion has suffered enormously owing to the various setbacks it achieved in the recent past. Investors are now recommending that RIM should sell itself as the company has undergone various financial setbacks. Starting from the cold welcome their new machine, The Playbook Tablet received to the discrepancies of Blackberry Bold that have abstained it from progressing against its rivals, the iPhone and Andrioid-powered smart phones; Research in Motion is receiving various suggestions from its investors who are worried about the company’s future, and their investment.

Chief Executive of Merchant Bank Jaguar Financial Corp Vic Alboini who is also an investor at RIM told the impressed in an interview that several other stockholders agree that Research in Motion should create a committee made up of independent directors to evaluate its potential strategic options.

Since June this year RIM has been receiving suggestions from its pool of investors. Earlier, Northwest and Ethical Investments wanted that the company should split the duties of the chairman and CEO. At that time, Jim Balsillie and Mike Lazaridiswere co-sharing the CEO responsibilities. However, the Chief Executive of Jaguar Financial Corp has deemed this splitting up process a wrong move for the company. 

He has also urged the company to sell its patents, like Motorola did earlier this year to Google, stating that intellectual property has an unmatchable worth in today’s era. RIM officials has refused to give any comments so far.