Analysis: Even after hiring bankers, RIM running out of options

BlackBerry maker Research In Motion Ltd (RIM.TO)(RIMM.O) may be running out options as it struggles to turn around its slumping fortunes with the help of a coterie of investment bankers.

The bankers - including leading M&A specialists from Royal Bank of Canada (RY.TO) and J.P. Morgan (JPM.N) - will explore options as drastic as an outright sale, one of the alternatives that RIM seems determined to avoid.

But analysts and investors doubt that anyone is ready to buy the whole company at this time, despite a price that looks tantalizingly cheap on paper. Interest in RIM looks slim to nil, two sources close to the matter said.

RIM's market capitalization is now $5.5 billion, down from $84 billion at the company's peak in 2008. It has $2 billion in cash, no debt and patents that experts say could be worth $2.5 billion.

Read Full Article from Reuters

- Posted: 2012-05-30 14:20:55

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