According to Reuters RIM has hired Law Firm Milbank, Tweed, Hadley & McCloy LLP to work out a restructuring plan that could include selling assets, seeking joint ventures or even licensing patents. As part of the Canadian smartphone maker’s strategic review, the RIM board is discussing ways to boost revenue from its new BlackBerry 10 operating system and possibly opening up its proprietary network.
This could be a game changer for RIM if we see this get implemented in the near future. Oddly enough, I can’t help but get the feeling of déju vu. Before leaving the company former Co-CEO Jim Balsillie had come up with a strategy allowing carriers to use RIM’s network to content delivery, messaging and analytics. Members of the board quickly rejected the idea, as they feared releasing BBM to the competition would further erode ailing market share. Balsillie left RIM in March.
Source : Reuters