Research in Motion (Nasdaq: RIMM) has seen better days. It’s warned investors of a likely operating loss this quarter and between the widespread adoption of Google’s (Nasdaq: GOOG) Android and Apple’s (Nasdaq: AAPL) iPhone, RIMM’s BlackBerry has been all but squeezed out of the mobile market space.
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Now RIMM has hired JPMorgan and RBC Capital Markets to review its business. This could lead to a possible recommendation to sell a part of the company – if there’s anything left to buy, that is. Rick Summer of Morningstar is skeptical:
“You’ve got a declining user base, a very kludgy operating system there at the same time. I am not sure what you buy. You certainly don’t buy an installed base. I think that BlackBerry users are still pretty excited to get it and replace it with something else along those same lines. The handset business frightens us.”
Although the next generation of the BlackBerry is due this coming year, it’s unlikely that it will make a show of competition. Analysts speculate it will flop, marking RIMM’s last stand in a marketspace it once dominated.