Over the past few weeks there have been plenty of talks surrounding the future of RIM and what exactly to do about their current situation. Many reports suggested that RIM was seeking financial council on how to further proceed and today Reuters is reporting they've now taken on council from Milbank, Tweed, Hadley & McCloy LLP to help oversee a potential restructuring plan, possible selling of assets, licensing of patents and joint ventures.
Reports previously suggested that RIM was working with some of the world's larger carriers to create a system that would open up their network to them, essentially allowing non-BlackBerry devices and their data to be routed through the RIM NOC and offering some of RIM's added value services to those devices such as BlackBerry Messenger. These ideas were originally brought forth by former Research In Motion co-chief executive Jim Balsillie and said to of have been shot down internally by RIM's board due to fear of dilution of the BlackBerry brand.
With the news of RIM now taking on council from Milbank, Tweed, Hadley & McCloy LLP it seems as though those plans may once again be rising from the inside, for better or worse. Realistically, the ideas that Jim Balsillie had weren't all that bad -- they made sense and would certainly help keep RIM from going any further into the red if adopted. Whether or not those plans will be put into action remains a mystery though as RIM may choose a different path.
Source: Reuters
Read more
Research In Motion vs. BlackBerry - Which name is better?
A few days ago, BlackBerry CEO John Chen sat down with Bloomberg to discuss his briefings with the White House, MDM and most notable for this post, the changing of the company name from Research In Motion to BlackBerry. Chen noted he liked the name Research In Motion better but alas, was not there when the change over happened so he wasn't able to weigh the pros and cons of it all....
Goodbye RIMM, Hello BBRY! - Research In Motion ticker change happens Monday, February 4th
Although it was only announced at the BlackBerry 10 launch event in NYC, the formal name change from Research In Motion to BlackBerry has been happening rather quickly. In fact, the changes have already started in Waterloo as the old signage is being replaced and new BlackBerry logos are going up. No transition like this is fully complete though, until the stock ticker name changes over...
Research In Motion rebranded to BlackBerry
Thorsten Heins has just announced on stage at the BlackBerry 10 launch event that Research In Motion will now be called simply BlackBerry. One brand, one promise. -Thorsten Heins Re-designed, Re-engineered, Re-invented. Awesome! Full press release below. Research In Motion Changes Its Name to BlackBerry Company adopts globally recognized brand, consolidates to single...
Highlights from the opening of RIM's Tech Centers in Brazil
Back in December RIM opened a Tech Center in Brazil. The tech center is part of the BlackBerry Academic Program and while we posted on the launch of one tech center opening, two centers at two universities were actually launched in the country - Federal University of Algaos (UFAL) and Federal University of Pernambuco (UFPE). You'll remember that RIM also opened a Tech Center in the U....