Shareholder calls for RIM to sell itself or its patents, in critical open letter

The status quo is not acceptable, the company cannot sit still. It is time for transformational change. The directors need to seize the reins to maximize shareholder value before more market value is lost.

Jaguar didn't specify the size of its RIM stake, but claimed to be calling for upheaval on behalf of "other supportive shareholders" who, in total, hold less than five percent of the company. The Ontario-based firm is hoping that a new line of QNX-based smartphones will curtail its slump, but Alboni doesn't sound so optimistic. "You cannot put all your eggs in one basket," he told Bloomberg. "The board should be saying, 'What if these products don't pan out?' You don't want RIM to turn into another Nortel." A RIM spokeswoman, meanwhile, declined to comment on the letter. Hit up the source link below to read it for yourself.

Shareholder calls for RIM to sell itself or its patents, in critical open letter originally appeared on Engadget on Wed, 07 Sep 2011 07:47:00 EDT. Please see our terms for use of feeds.