Today Research in Motion (RIM) announced that it had hired bankers to give its finances a health check and to look at pairing it up with other businesses.
It's the latest in an exceptionally long line of death knells for a company that once revolutionised mobile communications.
The new version of their OS is playing catch-up with the lowly windows phone, let alone market leaders iOS and Android and their new handset prototypes look like budget android phones. The much hyped playbook tablet is a heavy, clunky mess even with the 2.0 software. with
Financially, RIM is making almost no money and unless they can pull off a miracle then there will be no turning back. Unfortunately, most of the key players who built the company are now operating in reduced roles or have jumped ship, leaving the problems to new generation of management. The consequences of a RIM collapse today would be devastating to many businesses because the BlackBerry system relies heavily on "phoning home" to the mothership for many key services, including BBM and enterprise activation. This could cause companies on budgets who rely heavily on mobile comms to "go dark" if things were shut down. If parts of RIM were sold off, the company could possibly survive. Their hardware build quality is very high, It's the software that deserves to be put out of its misery...could you imagine a BlackBerry running the Windows phone OS or Android? Is this the future or has research lost the last of its motion?
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