Activist Fund Calls for Breakup of BlackBerry Maker

A small Canadian activist investor is calling on the board of Research in Motion to explore options to increase the company’s share price, including a potential sale or spinoff of its patent portfolio.

In a letter to the board, Vic Albioni, head of the merchant bank Jaguar Financial, criticized RIM’s lack of innovation and challenged its governance structure, in the latest complaint from investors taking the company to task for its poor performance.

“The status quo is not acceptable, the company cannot sit still,” Mr. Alboini, chairman and chief executive of Jaguar, said in a statement. “It is time for transformational change. The directors need to seize the reins to maximize shareholder value before more market value is lost.”

Read Full Article from New York Times

- Posted: 2011-09-06 09:44:28

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