On the RIM of a sale
Jan 24, 2013 / 2:00 pm
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.
Read more Business News
|QHR Technologies Inc||1.28||+0.09|
|Anavex Life Sciences||0.38||0.00|
|Copper Mountain Mining||1.54||-0.01|
This column is the last of three, for how to prove your personal injury claim. It is the piece de resistance of the trilogy, the Chuck Norris piece – the final say! As mentioned in the first two...
The bank manager just phoned and asked for full and immediate repayment of the line of credit because the latest, (and they were late!), financial statements showed continuing losses and falling sales...
Recently I recorded a video series for my keynote speaking business. It was called from Faith to Future. In one of the episodes, I talked about the concept of using hard work to get out of a difficul...
- Healthy hiring in November would mark fourth straight month of solid job growth
- Bruce Lee's iconic yellow jumpsuit fetches $100,000 at Hong Kong auction
- Spotify to allow users to create playlists on phones and tablets and listen to them for free
- US lurching from 'crisis to crisis,' politics influenced by money: Gary Doer
- Governments offers help to develop seal products in backing Atlantic industry
- Precision Drilling shares plummet as Alberta fund manager sells stake
- Most actively traded companies on the TSX, TSX Venture Exchange markets
- CIBC logs $836M profit in Q4, cautiously optimistic about next year
- Auto insurers urge holiday season refresher as young drivers return home
- Canadian Press NewsAlert: Canada creates 21,600 jobs, Nov. jobless rate 6.9%
- New CEO will help prepare Royal Bank for future, as divisions feel the pressure
- TD Bank Q4 profit rises to $1.62 billion, adjusted earnings up but miss estimate