Train wreck on 03 June 2012
| Platinumeye said: I initially was going to call this post misleading, but it really is a down right lie. Thorsten Heins (RIM's CEO) said they hired these banks at the end of Q4 period, the media interpreted this as J.P Morgan and RBC being hired yesterday. Could RIM be bought out? Sure, but what we are seeing here today is a long way from confirmation of a buy out. |
When companies hire bankers to assest the best possible for their companies, usually that means the company is pushing for a sale. Research in motion has severe burn rate issues in its efforts to compete with Andriod and Apple, that reasearch, development, marketing is not going to be cheap and they mentioned that the next several quarters will be challening. With Samsung Galaxy 3 and Iphone 5 releasing this year more attention is going to be going towards those phones instead of BB.
