RIM 'not for sale' to Amazon, Microsoft, or Nokia

By Richi Jennings (@richi ) - December 21, 2011.

RIM BlackBerry
RIM rumored to rebuff acquisition approaches. Research In Motion (TSE:RIM) (NASDAQ:RIMM) is said to have told Amazon, Microsoft, and Nokia to take a hike. In IT Blogwatch, bloggers wonder if this is the next death-march to watch.

Your humble blogwatcher curated these bloggy bits for your entertainment. Not to mention: Microspeak: Offline (noun)...

    Nadia Damouni reports:

[A]ccording to people with knowledge of the situation...Amazon hired an investment bank this summer to review a potential merger. ... RIM and Amazon declined to comment.

...

RIM's market value has plunged 77 percent...to about $6.8 billion...on weaker-than-expected quarterly results and the announcement of a delay in...the new BlackBerry 10 phones.

...

Activist shareholder Jaguar Financial Corp has called for a sale of RIM - as a whole or in separate parts. ... But RIM's management has told interested parties they do not want to sell...the board instructed the co-CEOs to set aside any options for a sale.   
M0RE

  Will Connors, Joann S. Lublin and Anupreeta Das add:

Microsoft Corp. and Nokia Corp. in recent months flirted with the idea of making a joint bid for [RIM], according to people familiar with the matter.

...

[If] discussions took place, even informally, [it] underscores the severity of the challenges facing RIM.   
M0RE

    Jennifer Van Grove shakes her head:

So RIM is in it to win it. Okay, that’s noble, and it’s a rally-time strategy we could get behind if the company would stop fumbling.

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Things could get a lot worse before they get better. RIM reported profits of $265 million...in the third quarter of 2011...down $911 million from a year ago...admitt[ing], “It may take some time to realize the benefits of...the platform transition that we are undertaking.”   
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And Edward Berridge is slightly sarcastic:

[T]he brilliant two-headed CEO leadership, which has taken RIM to such great heights...sniffed only vaguely...telling Amazon that it "prefers to fix its problems on its own."

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[T]he share price of RIM has fallen below the value of its assets. ... But still the board has been telling co-CEOs Mike Lazaridis and Jim Balsillie to "set aside any options for a sale."   
M0RE

Meanwhile, MG Siegler ponders a buyout by Redmond and Espoo:

Can three companies now in different stages of failing in mobile team up to win? Do three wrongs make a right?

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If that report is true [RIM is] clearly being run by people who have completely lost touch with reality.   
M0RE

   And Finally...
Microspeak: Offline (noun)

  
 
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Richi Jennings, your humble blogwatcher

Richi Jennings is an independent analyst/consultant, specializing in blogging, email, and security. He's the creator and main author of Computerworld's IT Blogwatch -- for which he has won American Society of Business Publication Editors and Jesse H. Neal awards on behalf of Computerworld. He also writes The Long View for IDG Enterprise. A cross-functional IT geek since 1985, you can follow him as @richi on Twitter, pretend to be richij's friend on Facebook, or just use good old email: itbw@richij.com. You can also read Richi's full profile and disclosure of his industry affiliations.

Copyright © 2011 IDG Communications, Inc.

  
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