|From: thekey (Rep: 6)||Date: 07/09/2012 15:00|
|Forum: Wall Street Pit - Msg #2290032 - List RIMM msgs ||Thread #673425488 (Rec: 0) |
|Facebook, Amazon Battle to Acquire Blackberry Platform|
Facebook, the largest social networking site and Amazon, largest online retail site are in talks with Research in Motion (RIM), the owner of the BlackBerry phone, the world's largest push mail messaging system, to acquire its struggling phone business as efforts to resuscitate the platform continue to hit brick walls despite changes in management.
BlackBerry has struggled to cope with the new designs and feature smartphones from Apple's iPhone stable and Google's Android phones as traditional smartphones from Nokia and BlackBerry fail to compete in the market place. Apple's iPad and Samsung's Galaxy S series tablets have also compounded BlackBerry woes.
Last month, RIM said it had enlisted JP Morgan and RBC Capital Markets to help it evaluate various financial strategies, including "opportunities to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives".
RIM is considering a split of its operations and selling off its handset manufacturing side to either Amazon or Facebook. The struggling company would retain its email processing services. RIM had previously confirmed that it had hired advisors to develop a strategy to turn the company's fortunes around and that such proposals could include a sale or lease of its technology assets.
Facebook has long been rumoured to be working on a mobile phone, and acquiring the BlackBerry manufacturing skills would help overcome reported difficulties the hardware services, mainly in the form of its Kindle ebook reader, but it is unclear software based company is having in moving to a hardware platform. Amazon has what benefit the company would gain from moving into the smartphone market.
The messaging platform may also be licensed to Google or Apple the newspaper report added. RIM will report its latest quarterly earnings (ended June 2) later this week. The firm has already warned it will post an operating loss with "lower volumes and highly competitive pricing dynamics in the marketplace" impacting the business.
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