Thursday, May 28th27.8°C
26427
25263

On the RIM of a sale

Research In Motion will likely wait to see how well its new BlackBerry 10 smartphones sell before considering any partnerships or sale of its assets, an analyst said Thursday.

Just how many consumers and businesses will make the move to BlackBerry 10 won't be clear until after this year's back-to-school and holiday seasons, said telecom analyst Troy Crandall of MacDougall, MacDougall & MacTier.

"RIM is basically launching these devices into the dead season," Crandall said, but he did note there will be initial pent-up demand after BB10 is unveiled next Wednesday.

"On the positive side they won't have a lot of competition."

BlackBerry 10 is widely seen as a make-or-break product for Research In Motion (TSX:RIM).

The Waterloo, Ont., smartphone maker has been losing market share to Apple's iPhone and smartphones with the Android operating system.

RIM's board has been reviewing its strategic options and has kept the doors open to everything from a sale of certain assets to various partnerships with other companies.

While there was a report that PC maker Lenovo Group is looking at potential acquisition targets and strategic alliances, including RIM, Crandall said it may be difficult for the Chinese company to get Canadian government approval.

Crandall noted that federal government employees in the United States, Britain and other countries still use RIM smartphones and may have security concerns about a potential Chinese buyer.

The U.S. House Intelligence Committee has said the United States should avoid doing business with Chinese telecom companies Huawei Technologies Ltd. and ZTE Corp. because of concerns over cyber espionage.

Crandall also questioned why Lenovo would have more interest now in RIM considering its share price was much lower several months ago.

Lenovo is said to be on the hunt for a mobile device maker as personal computers face more competition from smaller tablets.

The Canadian Press


Read more Business News

24910


Recent Trending




Today's Market
S&P TSX15107.00-3.47
S&P CDNX692.16+1.54
DJIA18126.12-36.87
Nasdaq5097.98-8.62
S&P 5002120.79-2.69
CDN Dollar0.8044-0.0002
Gold1187.40-16.90
Oil58.57+0.34
Lumber274.20-0.20
Natural Gas2.81-0.01

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.48-0.02
Cantex0.03-0.01
Anavex Life Sciences0.40-0.02
Metalex Ventures0.07-0.01
Russel Metals25.20-0.31
Copper Mountain Mining1.30+0.02
Colorado Resources0.10-0.01
ReliaBrand Inc0.0129-0.0010
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.15-0.00
Decisive Dividend Corporation2.10+0.16

 



26416

FEATURED Property
2312807157 Blairmore Cr.
3 bedrooms 2 baths
$340,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's a robo-advisor?

Photo: ContributedIt can only be attributable to human error. -Hal, 2001: A Space Odyssey For most of us who are within thinking distance of retirement, the term “robo” conjures up image...


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_



26418

26363


Member of BC Press Council


25771