Research In Motion urged to sell off company or monetize patent portfolio

Jaguar Financial Corporation, a shareholder of Research In Motion Limited, on behalf of itself and other supportive shareholders, today called upon the Directors of RIM to establish and carry out a formal process for the maximization of shareholder value. The process proposed is "a potential sale of the Company or a monetization of the RIM patent portfolio by a spin-out to RIM shareholders."

Furthermore Jaguar had stated,  "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."

RIM's share prices has taken a blow from $149.90 in June 2008 to $29.59 on September 2, 2011, representing a 80.3% decline.



The reason being is because RIM has fallen short in being innovative with their products.

"..the reality is that RIM has failed to develop the multi-purpose device that meets the requirements of today's dynamic consumer landscape."

Jaguar also believes that RIM's current corporate structure, which includes Mr. James Balsillie and Mr. Mike Lazaridis as Co-Chief Executive Officers and Co-Chairmen of the Company, is ineffective and requires meaningful change.

"Messrs. Balsillie and Lazaridis are first class entrepreneurs, but the current management arrangement with the Board impedes the Board's effectiveness, in turn impacting RIM's strategy, operations and performance"

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