Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
3
First snow to fall in Seoul on Wednesday
-
4
Wealthy parents ditch Korean passports to get kids into international school
-
5
S. Korea not to attend Sado mine memorial: foreign ministry
-
6
Man convicted after binge eating to avoid military service
-
7
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
8
[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
-
9
BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
-
10
Korea to hold own memorial for forced labor victims, boycotting Japan’s
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
Research In Motion Ltd. is considering selling its handset-manufacturing unit or a stake in the whole company, the Sunday Times newspaper reported, without saying where it got the information.
The BlackBerry maker, which hired JPMorgan Chase & Co. and RBC Capital Markets to help evaluate its options, may divest the handset division or break it off into a separate listed company, the paper said. Another option would be selling a stake in Waterloo, Ontario-based RIM to a larger technology firm, such as Microsoft Corp., according to the report.
RIM said in May that the two banks would help it evaluate options, including forging partnerships, licensing its software and “strategic business model alternatives.” Chief Executive Officer Thorsten Heins, who took over from co-founders Mike Lazaridis and Jim Balsillie in January, are considering strategy changes after the company lost customers to Apple Inc.’s iPhone and devices running Google Inc.’s Android.
Heins has said the best way to drive value for stakeholders is to execute on a plan to turn the company around, and “this remains true,” RIM said Sunday in an emailed statement.
Frank Shaw, a Microsoft spokesman, declined to comment on the Sunday Times report. Potential buyers for the handset division include Amazon.com Inc., the newspaper said. Drew Herdener, a spokesman for Amazon, declined to comment.
RIM investor Vic Alboini, chairman of the Toronto-based investment firm Jaguar Financial Corp., has urged RIM to sell itself since last September. He’s also called for a breakup of the company.
The loss in market-share has led to five straight quarters of sales shortfalls at RIM. The company is cutting jobs to help trim $1 billion in operating expenses.
The shakeup may lead to job reductions of 2,000 to 3,000, assuming RIM tries to eliminate 30 percent of the targeted operating expenses through labor reductions, according to Sameet Kanade, an analyst at Northern Securities Inc. in Toronto. The move follows a round of 2,000 cuts announced about a year ago. (Bloomberg)
The BlackBerry maker, which hired JPMorgan Chase & Co. and RBC Capital Markets to help evaluate its options, may divest the handset division or break it off into a separate listed company, the paper said. Another option would be selling a stake in Waterloo, Ontario-based RIM to a larger technology firm, such as Microsoft Corp., according to the report.
RIM said in May that the two banks would help it evaluate options, including forging partnerships, licensing its software and “strategic business model alternatives.” Chief Executive Officer Thorsten Heins, who took over from co-founders Mike Lazaridis and Jim Balsillie in January, are considering strategy changes after the company lost customers to Apple Inc.’s iPhone and devices running Google Inc.’s Android.
Heins has said the best way to drive value for stakeholders is to execute on a plan to turn the company around, and “this remains true,” RIM said Sunday in an emailed statement.
Frank Shaw, a Microsoft spokesman, declined to comment on the Sunday Times report. Potential buyers for the handset division include Amazon.com Inc., the newspaper said. Drew Herdener, a spokesman for Amazon, declined to comment.
RIM investor Vic Alboini, chairman of the Toronto-based investment firm Jaguar Financial Corp., has urged RIM to sell itself since last September. He’s also called for a breakup of the company.
The loss in market-share has led to five straight quarters of sales shortfalls at RIM. The company is cutting jobs to help trim $1 billion in operating expenses.
The shakeup may lead to job reductions of 2,000 to 3,000, assuming RIM tries to eliminate 30 percent of the targeted operating expenses through labor reductions, according to Sameet Kanade, an analyst at Northern Securities Inc. in Toronto. The move follows a round of 2,000 cuts announced about a year ago. (Bloomberg)
-
Articles by Korea Herald
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
