RIM considers sale of company while execs bail

Chris Burns - Apr 6, 2012, 5:31 pm CDT
RIM considers sale of company while execs bail

This week we’re seeing the continued flow of bad news out of the BlackBerry maker RIM’s camp, with the most recent updates being the possible sale of the business and the departure of several executives. This news comes from Bloomberg who also note that the company will discontinue financial forecasts – this appearing to be one of the last straws before the company does something drastic for itself for the long run.

With shares having fallen 77 percent in the past year and the company’s total share of the global smartphone market down to 8.2 percent, it’s difficult to see a positive future for what was once the most high-class smartphone brand to own. Chief Executive Officer Thorsten Heins let the world know last week that they’ve already attempted licensing the software for BlackBerry and have moved on. Moving on in this case means that they’re attempting to sell the whole company outright after they’ve had their fifth straight quarterly shortfall in sales.

Senior Vice President Alan Brenner as well as another unnamed executive have been noted as departing the company today, also according to Bloomberg. Icing on the cake. Have a peek at the timeline below to see all the BlackBerry news you can handle, not an easy bunch of headlines to swallow if you’ve been a fan of the group in the past. We’re not expecting RIM or BlackBerry to be around in its current configuration for many more years, if many more months after this most recent set of announcements: once you say your shop is for sale, it’s time to sell it all out.

[via Bloomberg]

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