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RIM reportedly thinking about splitting business up into two: handset and messaging network divisions,
During RIM’s rapid stock price decent one of their shareholders, Vic Alboini, Chairman and CEO of Jaguar, said RIM should split the business into 3 divisions: network, device and patent. This was back in October of last year and since this date the company has moved forward in many ways, namely replacing co-CEO’s and Co-Chairmen Jim Balsillie and Mike Lazaridis with new CEO Thorsten Heins, plus hiring JP Morgan and RBC Capital to help with a “strategic review” of their company.
Today a new report in the Sunday Times reveals that RIM is considering splitting their business up, similar to what Alboini suggested a few months ago. Apparently the rumour is to have two companies: handset division and messaging network division. It’s also possible that RIM would sell the handset business all together and, according to the Times, “potential buyers” are Facebook and Amazon. Another option that is reportedly in the works, again according to unknown sources, is to keep the company operating as is, but get a major investment from a bigger tech company, such as Microsoft – which was previously a rumour.
We’ll most likely hear what RIM is planning to do at their upcoming Annual Meeting of Shareholders on July 10th. It should also be noted that when Thorsten Heins took on the job of CEO he stated the following:
“I will not in anyway split this up or separate this into different businesses. Now on the licensing piece. I’m absolutely confident that BlackBerry 10 will prove itself as a platform. If there is requests coming towards Research In Motion to talk about licensing that platform to other companies I will entertain those discussions, I will listen, I will access the business opportunity for RIM and if it makes sense strategically and tactically to go down that path, and then I will make the decision together with the board. It’s not my focus one. My focus one is to strengthen RIM’s business based on that integrated approach.”
http://www.nokia.com/in-en/products/phone/c2-02/buynow/?
Canada-based Rogers Wireless will be waiving its customary activation fee charges this weekend, according to a Mobile Syrup report. Customers who purchase a new device or upgrade their existing devices from now through the 24th will have the activation fee waived, saving a bit of the upfront costs associated with new devices. Of course, you’ll need to be on an approved Rogers Wireless plan to qualify for the credit; talk and text family plans, the $45 and $54 talk and text individual plans, and mobile internet stick plans are excluded from the sale.
Activation fees are already one of the most controversial fees charged to mobile phone users, so it’s always a plus when carriers decide to have sales to waive them. Carriers charge these fees because the costs associated with upgrading to a new device or activating a new line of service have reportedly increased, thus requiring them to charge more money to offset this growing expense. Customers hate paying these charges because they feel those fees are already baked into the cost of the device and corresponding 2 or 3-year service plan.
Rogers Wireless customers looking to upgrade should do so before the end of the day Sunday to qualify for the activation fee credit. Of course, with the Galaxy S III set to launch next Wednesday, it may be worth the extra $35 activation you’d pay if you waited until Wednesday. Though, the HTC One X is an equally capable device and is currently available on Rogers.
Ahead of Thursday’s closely-watched earnings report, Blackberry-maker Research in Motion brushed aside a weekend story saying the company would separate its handset division and messaging network. The report came from the Sunday Times of London. (Subs req’d.) Waterloo, Ontario-based tech giant RIM issued a statement to TIME re-affirming the ongoing “strategic review” of its business. RIM has hired JPMorgan and RBC (Royal Bank of Canada) to help evaluate “strategic options,” which is often corporate-speak for a sale. RIM’s market value: $5 billion.
The British paper doesn’t cite any sources in the report, but it says that Facebook and Amazon are both “potential buyers.” As part of this plan, RIM would either keep its enterprise-friendly messaging and data network in-house and license them out, or it would sell the division outright. The Waterloo-based company has been working with RBC and JP Morgan since earlier this year to conduct a strategic review, and The Sunday Times says the plan is one option drawn up during the process of the review. Another option, short of splitting the company in two, would be to sell a large stake to a corporation like Microsoft.
A RIM spokesperson emailed: “RIM has hired advisers to help the Company examine ways to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives. As CEO Thorsten Heins said on the Company’s fourth-quarter earnings call, ‘We believe the best way to drive value for our stakeholders is to execute on our plan to turn the company around.’ This remains true.”
Today, RIM is losing money – and market-share. Google’s Android accounts for 48.5% of smartphone owners, while the iPhone has 32%, according to research firm Nielsen. The Blackberry, by contrast, accounts for only 11.6% of the market, down from over 50% in 2007.
In March, RIM posted a quarterly loss of $125 million, compared to a profit of $934 million for the same period last year, as sales decreased to $4.2 billion, down from $5.6 billion. It was the company’s first loss in seven years. RIM’s market capitalization has dwindled to just $5.2 billion, a shadow of its former $80 billion value in 2008. With $2 billion in cash and a patent portfolio worth at least $1 billion, RIM is not at risk of going bankrupt any time soon, but its days as a standalone company may be drawing to a close. RIM reports quarterly results Thursday.
Read more: http://best-blackberry-mobile-review.blogspot.in/
Raj Rajput [ MBA ]
Mobile Reviews Expert
http://aerosoftseo.com/best-mobile-review
www.AeroSoftCorp.com
www.AeroSoftseo.com
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http://best-Mobile-Handset-mobile-review.blogspot.com
http://best-mobile-operator-review.blogspot.com
http://best-blackberry-mobile-review.blogspot.com
http://best-iphones-reviews.blogspot.com
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http://best-Mobile-Handset-mobile-review.blogspot.in/
RIM reportedly thinking about splitting business up into two: handset and messaging network divisions,
Today a new report in the Sunday Times reveals that RIM is considering splitting their business up, similar to what Alboini suggested a few months ago. Apparently the rumour is to have two companies: handset division and messaging network division. It’s also possible that RIM would sell the handset business all together and, according to the Times, “potential buyers” are Facebook and Amazon. Another option that is reportedly in the works, again according to unknown sources, is to keep the company operating as is, but get a major investment from a bigger tech company, such as Microsoft – which was previously a rumour.
We’ll most likely hear what RIM is planning to do at their upcoming Annual Meeting of Shareholders on July 10th. It should also be noted that when Thorsten Heins took on the job of CEO he stated the following:
“I will not in anyway split this up or separate this into different businesses. Now on the licensing piece. I’m absolutely confident that BlackBerry 10 will prove itself as a platform. If there is requests coming towards Research In Motion to talk about licensing that platform to other companies I will entertain those discussions, I will listen, I will access the business opportunity for RIM and if it makes sense strategically and tactically to go down that path, and then I will make the decision together with the board. It’s not my focus one. My focus one is to strengthen RIM’s business based on that integrated approach.”
Raj Rajput [ MBA ]
Mobile Reviews Expert
On Line Assistence :
Gtalk : aerosoft.Raj@gmail.com
Y! Messenger : Raj.AeroSoft@yahoo.com
Rediff Bol : Raj.AeroSoft@rediffmail.com
MSN : Raj.AeroSoft@hotmail.com
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http://www.nokia.com/in-en/products/phone/c2-02/buynow/?
Activation fees are already one of the most controversial fees charged to mobile phone users, so it’s always a plus when carriers decide to have sales to waive them. Carriers charge these fees because the costs associated with upgrading to a new device or activating a new line of service have reportedly increased, thus requiring them to charge more money to offset this growing expense. Customers hate paying these charges because they feel those fees are already baked into the cost of the device and corresponding 2 or 3-year service plan.
Rogers Wireless customers looking to upgrade should do so before the end of the day Sunday to qualify for the activation fee credit. Of course, with the Galaxy S III set to launch next Wednesday, it may be worth the extra $35 activation you’d pay if you waited until Wednesday. Though, the HTC One X is an equally capable device and is currently available on Rogers.
Raj Rajput [ MBA ]
Mobile Reviews Expert
http://aerosoftseo.com/best-mobile-review
www.AeroSoftCorp.com
www.AeroSoftseo.com
http://best-gsm-mobile-review.blogspot.in
http://best-Mobile-Handset-mobile-review.blogspot.com
http://best-mobile-operator-review.blogspot.com
http://best-blackberry-mobile-review.blogspot.com
http://best-iphones-reviews.blogspot.com
Mobile Reviews Expert
http://aerosoftseo.com/best-mobile-review
www.AeroSoftCorp.com
www.AeroSoftseo.com
http://best-gsm-mobile-review.blogspot.in
http://best-Mobile-Handset-mobile-review.blogspot.com
http://best-mobile-operator-review.blogspot.com
http://best-blackberry-mobile-review.blogspot.com
http://best-iphones-reviews.blogspot.com
The British paper doesn’t cite any sources in the report, but it says that Facebook and Amazon are both “potential buyers.” As part of this plan, RIM would either keep its enterprise-friendly messaging and data network in-house and license them out, or it would sell the division outright. The Waterloo-based company has been working with RBC and JP Morgan since earlier this year to conduct a strategic review, and The Sunday Times says the plan is one option drawn up during the process of the review. Another option, short of splitting the company in two, would be to sell a large stake to a corporation like Microsoft.
A RIM spokesperson emailed: “RIM has hired advisers to help the Company examine ways to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives. As CEO Thorsten Heins said on the Company’s fourth-quarter earnings call, ‘We believe the best way to drive value for our stakeholders is to execute on our plan to turn the company around.’ This remains true.”
Today, RIM is losing money – and market-share. Google’s Android accounts for 48.5% of smartphone owners, while the iPhone has 32%, according to research firm Nielsen. The Blackberry, by contrast, accounts for only 11.6% of the market, down from over 50% in 2007.
In March, RIM posted a quarterly loss of $125 million, compared to a profit of $934 million for the same period last year, as sales decreased to $4.2 billion, down from $5.6 billion. It was the company’s first loss in seven years. RIM’s market capitalization has dwindled to just $5.2 billion, a shadow of its former $80 billion value in 2008. With $2 billion in cash and a patent portfolio worth at least $1 billion, RIM is not at risk of going bankrupt any time soon, but its days as a standalone company may be drawing to a close. RIM reports quarterly results Thursday.
Read more: http://best-blackberry-mobile-review.blogspot.in/
Raj Rajput [ MBA ]
Mobile Reviews Expert
On Line Assistence :
Gtalk : aerosoft.Raj@gmail.com
Y! Messenger : Raj.AeroSoft@yahoo.com
Rediff Bol : Raj.AeroSoft@rediffmail.com
MSN : Raj.AeroSoft@hotmail.com
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Raj Rajput [ MBA ]
Mobile Reviews Expert
http://aerosoftseo.com/best-mobile-review
www.AeroSoftCorp.com
www.AeroSoftseo.com
http://best-gsm-mobile-review.blogspot.in
http://best-Mobile-Handset-mobile-review.blogspot.com
http://best-mobile-operator-review.blogspot.com
http://best-blackberry-mobile-review.blogspot.com
http://best-iphones-reviews.blogspot.com
www.golgapppa.com
http://golgapppa.com/career
http://golgapppa.com/WagonR.html
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