Nokia and Microsoft may Make a Joint bid for RIM
In recent months, two tech giants, Nokia and Microsoft consider the possibility of bidding jointly for RIM (Research in Motion Ltd.), according to some sources. The talk took place informally and it highlights the challenges RIM currently faces in the mobile industry. Stung by a rather disappointing Q3 result, RIM’s shares dropped to a new low and consequently, analysts and investors are clamoring for bolder actions, such as changes in management structure and even an acquisition by other business organization. After appearing to reject any possibility for a significant change any time soon, the Canadian company is aiming on a number of less than dramatic moves to appease livid stakeholders and buy time until more realistic policies are implemented, such as releasing better BlackBerry phones.
RIM’s executives, Mike Lazaridis and Jim Balsillie acknowledged resentment among investors and they promised to provide some solutions, such as better use of the company’s proprietary network and new licensing opportunities.
Spokespersons for Nokia and Microsoft declined to give official statements. Earlier this year, Microsoft and RIM established a partnership to provide an effective cloud service solution that allows corporate to migrate their current back-office infrastructure to offsite data-centers. RIM is evaluating for ways to leverage its network infrastructure, a sign that is interpreted as an invitation for carriers to also use RIM’s global network, which can generate more revenue for RIM. RIM’s board is still reviewing the company’s management structure, although analysts are skeptical that any change would make a dramatic change to RIM’s market performance.