At $17.90 RIM shares climb to the highest point since Dec. 1, 2011.
RIM’s review by RBC Capital Markets as well as by JPMorgan Chase & Co leave a few strategic options open for RIM’s CEO Thorsten Heins. While selling of RIM in its entirety or in part isn’t completely off the table, Mr. Heins is more inclined to weighing various other strategic options for RIM. Selling software licensing and working out strategic alliances may be more suitable for the Hamilton’s Research In Motion.
Heins is considering scrapping service fees as well, all in hopes to regain some of the business lost to Apple and Google.
Bloomberg reports RIM’s share value doubled since September 2012. Lot is riding on Blackberry 10 and RIM’s loyal client base is eagerly awaiting the release on BB10 and its two new handsets. This is what Bloomberg reports in video: