RIM Shareholder Promotes Pursuit of Sale

By Bizclik Editor


Jaguar Financial asked RIM today, on behalf of itself and other shareholders, to consider ways to maximize shareholder value.  Suggested in Jaguar’s statement on carrying out this process was the pursuit of strategic options for RIM, which includes potential sale of the company or the “monetization of the RIM patent portfolio by a spin-out to RIM shareholders.”

“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,” said Chairman and CEO of Jaguar Financial, Vic Alboini.

To carry out the maximization process, Jaguar suggested RIM appoint a Special Committee of the Board of Directors, made up of four or five current members of the Board.

Jaguar explained that the reasons call to action was because of RIM’s poor share price performance, lack of innovation resulting in a loss of market share, corporate governance concerns and recent consolidation in the mobile and patent spaces.



Click here to read the latest issue of Business Review Canada


This announcement from Jaguar seems to be a continuation of RIMs current dismal outlook held by stockholders. To those who have been following RIM’s performance struggle throughout the year, this suggestion from Jaguar seemed almost inevitable. As RIM seems to get more and more bad news by the week, it’s not a surprise that shareholders are frustrated.

But will the company listen to Jaguar’s suggestion? As of yet the company has stayed true to its pursuit of maintaining market share in smartphone, tablet and technological world even when facing its poor performance statistics. As a large corporation in Canada, many would hate to see the company go, and in the interest of employment, RIM would be a huge loss to the nation. Let’s hope RIM can turn the company around before its only option is to sell.  


Featured Articles

Rise of the Chief Information Security Officer (CISO)

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

UAE building cybersecurity fortress for a safer world

Exclusive: His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on bold plans to build the world’s most secure digital society

The future of cybersecurity must be built on the basics

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the future of cybersecurity

10 of the best speakers at Procurement & Supply Chain LIVE

Leadership & Strategy

10 apps to support staff on World Mental Health Day

Leadership & Strategy

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Leadership & Strategy