Skip to main content

RIM investor urges company to consider sale

T-Mobile BlackBerry Bold 9900
Image used with permission by copyright holder

Jaguar Financial Corporation CEO Vic Alboini said today in an interview that he is uring BlackBerry maker Research in Motion to form a committee of independent executives to explore selling the company. The public move comes as RIM is seeing its once commanding presence in the smartphone market eroded by the likes of Android and Apple’s iOS: where a year ago RIM accounted for 19 percent of the market, second-quarter figures from Gartner put the company’s current share at 12 percent.

By selling itself off, Alboini said, the company would be able to maximize its value to investors, who have seen the value of their stakes in RIM decline substantially over the last year.

Jaguar Financial Corporation is a Canadian-based merchant bank that focuses on what it believes to be undervalued small-cap companies. CEO Alboini has not disclosed the size of Jaguar’s stake in RIM, but according to Bloomberg claims to represent investors representing less than 5 percent of RIM’s outstanding shares.

It’s unusual for an investor to go public in an effect to take an active role in steering a company’s management; however, it’s not the first time for either Alboini or RIM.

Alboini manages to halt the 2009 acquisition of Lundin Mining Corp by Hudbay Minerals by banding together shareholders to oppose a $670 million takeover offer. Similarly, RIM has been facing shareholder activism itself, with Northwest & Ethical Investments this summer calling for RIM to split its CEO and chairman roles. RIM’s co-CEO’s Jim Balsillie and Mike Lazaridis managed to fight that one off for a while, with RIM forming a committee to study the situation and report back to the board by January 2012.

RIM has been hanging hopes for its future on the BlackBerry PlayBook tablet, as well as a new swath of smartphones expected to land in 2012 based on RIM’s recently-acquired QNX operating system—the same OS used in the PlayBook. So far, industry response to the PlayBook has been muted, with many citing its reliance on a BlackBerry handset for email as a major impediment—and U.S. mobile carrier Sprint recently backed out of plans to offer a 4G version of the PlayBook, citing lack of customer interest. And, in a likely sign of sales trouble, Best Buy just slashed $150 off the PlayBook’s retail price, bringing the 16 GB version of the PlayBook down to $450.

Editors' Recommendations

Geoff Duncan
Former Digital Trends Contributor
Geoff Duncan writes, programs, edits, plays music, and delights in making software misbehave. He's probably the only member…
Best Apple Watch deals: Series 9 and Ultra 2 discounted
Someone wearing an Apple Watch Ultra 2, showing the Modular Ultra watch face.

You can find some great smartwatch deals among the current Samsung Galaxy Watch deals, Fitbit deals, and Google Pixel Watch deals, but if Apple is your brand and you’ve got good use for a smartwatch, you’re probably looking for some Apple Watch deals. The Apple Watch lineup often finds various models atop the best smartwatches, which can make it difficult to track down some savings. But we’ve managed to find some, and we’ve rounded up all of the best Apple Watch deals below. Reading onward you’ll find savings on nearly all of the current Apple Watch models, as well as some substantial savings on some refurbished models.
Best Apple Watch SE deals

The first-generation Apple Watch SE, which was released in 2020, and the second-generation Apple Watch SE, which was rolled out in 2022, are the most affordable ways of getting an Apple Watch. They don't give up too much in order to keep costs low compared to their more expensive peers though. The Apple Watch SE 2, in particular, still provides comprehensive fitness tracking features, a comfortable fit, and excellent software as it can be updated to Apple's latest watchOS 10.

Read more
Motorola’s next folding phone could be a game-changer
Moo on the Motorola Razr 40's cover screen.

Motorola Razr 50/Razr (2024) render 91Mobiles

We’ve got some exciting news about Motorola’s next lineup of foldable Razr smartphones. If the news is accurate, it could be significant for anyone about to be in the market for a new folding phone.

Read more
Best iPhone deals: Save on iPhone 15, iPhone 15 Pro Max and more
iPhone 13 Pro in blue.

The Apple iPhone is one of the most popular phone lineups on the planet, and it often places models at the top of the best phones. Its popularity can make iPhone deals difficult to find, but there are quite a few out there right now. Among them are iPhone SE deals, iPhone 14 deals, and even iPhone 15 deals, which is Apple’s most recent iPhone release. We’ve tracked down all of the best iPhone deals you can shop right now, so scroll onward if you’re looking for some great phone deals and Apple is your brand. You’ll find all of the details on how to save on an iPhone, as well as some details on which iPhone model may be right for you.
iPhone 15 128GB (AT&T) — $730, was $830 (plus up to $700 trade-in savings)

The Apple iPhone 15 finally brings with it Dynamic Island which we’ve only previously seen on the Pro range. It’s a real game changer at times and is very convenient. Alongside that, the Apple iPhone 15 has the Ceramic Shield front to keep it more protected while its 6.1-inch Super Retina XDR display promises to be up to two times brighter than the iPhone 14 in the sun. There’s also a 48MP main camera with 2x telephoto lens to help you take great shots. The A16 Bionic chip has plenty of processing power to aid with software adjustments.

Read more