BlackBerry maker Research In Motion Ltd., is facing pressure to boost investor returns. One shareholder even suggests the company should consider selling itself or its patents. The shareholder who made the bold suggestion is Jaguar Financial Corp.
RIM is facing increasing pressure to dramatically change course. We've heard calls for the Co-CEOs to be fired before, but now the company faces pressure to sell itself or its patent. This is not great news for RIM.
RIM recently released several new devices that are pretty good. Can they keep the public interested enough in their products until 2012 when they release a QNX phone? Time will tell.
RIM should create a committee of four or five independent directors to study those options, Jaguar Chief Executive Officer Vic Alboini said today in an interview. Alboini, who declined to disclose the size of Jaguar’s RIM stake, said his proposal has the support of several large shareholders who collectively hold less than 5 percent of the Waterloo, Ontario-based company.
RIM is facing increasing pressure to dramatically change course. We've heard calls for the Co-CEOs to be fired before, but now the company faces pressure to sell itself or its patent. This is not great news for RIM.
RIM recently released several new devices that are pretty good. Can they keep the public interested enough in their products until 2012 when they release a QNX phone? Time will tell.
