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Samsung isn’t interested in acquiring RIM or licensing BB10
RIM’s stock rose 4.24% today to close at $7.62. The main reason for the slight jump was speculation of Samsung possibly considering an acquisition, or a licensing the BlackBerry 10 OS. According to Peter Misek, analyst from Jefferies, stated that “Given recent management comments in the press, it now appears that RIM is realizing what Wall Street has been saying for some time: they are a subscale manufacturer and desperately need a partner. We believe RIM is attempting to revive discussions with Samsung regarding a BB10 licensing deal.”
It’s certainly a possibility as Thorsten Heins, RIM’s CEO, even commented last week that “We don’t have the economy of scale to compete against the guys who crank out 60 handsets a year. We have to differentiate and have a focused platform. To deliver BB10 we may need to look at licensing it to someone who can do this at a way better cost proposition than I can do it. There’s different options we could do that we’re currently investigating.”
However, Samsung is not a contender. In a statement to AllThingsD, Samsung declared they are not interested in RIM, noting that “Samsung Electronics has not considered the acquisition of Research in Motion or licensing BB10.” Does that sound familiar? Similar rumours of a Samsung/RIM deal surfaced in January with Sammy basically having the same comment: “We haven’t considered acquiring the firm and are not interested in (buying RIM)”
RIM is still focussed on bringing their new BB10 OS and devices to the world sometime in Q1 2013.
Source: AllThingsD
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Pop quiz: Who WOULD license or buy RIM?
Answer: Anyone who wants an instant fast-lane into the Business world.
This is where Google and Apple are also trying to get to.
RIP RIM RIP! RIP!
RIP!
I am ready to short 5000 shares tomorrow. i will be rich!
Google and Apple are already there. Enterprise is moving away from one size fits all towards BYOP.
skullan, you’re right, but if Apple and Samsung lets RIM die its slow death, they’re able to fight for the newly relinquished space.
What’s for? Nobody even wants it for free! What’s a joke and a half. These doorknobs from RIM still living in the ’90 , sad case!
Skullan, here’s a newsflash for you with dozens of big name MDM vendors the business world is already there. Enterprise IT departments are already deploying or hurriedly looking to deploy iOS and Android devices across their companies.
^ HTC
Tricky proposition for RIM. They are caught in the chicken and egg death spiral.
1. RIM needs a partner to increase their economies of scale, market attractiveness, and clout in general.
2. RIM’s technology (OS10) really doesn’t have a strong value proposition compared to iOS or Android. The OS is an unproven and incompatible niche, RIMs customer base is shrinking, and their reputation/clout is dropping.
3. Because of 2, nobody wants to partner with them.
4. RIM’s customer base, market share and stock price fall.
5. Return to step 1, but now RIM is even more desperate.
Repeat until Palm status is attained.
Part of RIM’s problem with trying to license BB10 is that the delay in releasing the OS foreshadows what we can expect for the development cycle: loooong waiting times…doesn’t bode well for updates, and definitely not the way to attract licensees.
Every single letter of that is true. Good job!
One thing I have learned about corporations, never trust what they publicly say. The only confirmation we will ever get about this from either two, will be if Samsung or another company buys RIM.
Assuming of course, that they do not manage to survive.
RIM as a company is insanely valuable to anyone who would acquire them. All those patents, plus instant access to the largest enterprise market in the world. I can see Microsoft pulling their purse strings as a front runner, but either Apple or Samsung would be crazy to give up on acquiring RIM.
Rim?
Rip
So many clueless people on here. Read what any analyst is saying. NO NOT A FINANCIAL ANALYST speculating a bunch of nonsense. Check Gartner or any other respectable tech analyst. RIM is NOT spiraling out of control nor are they going anywhere.
Forgoing financial analysis while focusing on the tech is what got RIM in trouble in the first place.
RIM is a business, first and foremost.
Should have taken the Microsoft lifeline when they had the chance.
As if Samsung needs a headache .
I see HTC, LG, or SONY coming in as a potential licensee or buyout of RIM. They are not doing well in the Android segment, so would like to diversify their portfolio, and they also do not have their own Mobile OS in development. Samsung is currently developing their own mobile OS at the special request of the South Korean government. They are currently supporting at least 3 mobile OS’s, so another addition to their portfolio doesn’t make much sense.
One of two things will happen here (at least my prediction)
1. Rim fails bb10 and they get bought out or licenced by Microsoft.
2. Bb10 somehow allows rim to crawl back up.
But you must remember that os is nothing if they can’t get a good supplier of up to date hardware to back up this mythical os they’ve been praying to like a god of redemption.
Scenario #3: Let RIMM go broke and/or put itself up for sale. Buy their assets at fire sale prices than what you’d pay for right now considering they have 2 billion in cash and no debt.
Sick burn.
Nah, this couldn’t have been another Wall Street pump-n-dump rumour, right?
Only potential buyers/partners are Microsoft and Nokia. The “back of the class” companies
RIP RIM
Google was offering RIM to work on Android Blackberry but they were too proud to accept it. Now they offer to license BB10 that nobody wants to buy. Come January 2013 and RIM will be begging Google to buy them out.I don’t know how hard it is to be a CEO of RIM and make millions of $$$ laying people right and left and make one stupid decision after another.
Why would Samsung get BB10 if they kill Apple right now with Galaxy S III, Galaxy 10.1 tablet 2 and possibly Note 2 coming out soon.
That’s not serious.
Samsung would have very few incentive to spend time and money developing a device for an endangered market like RIM’s one.
They’re way too successful with Android right now.
“Forgoing financial analysis while focusing on the tech is what got RIM in trouble in the first place.
RIM is a business, first and foremost.”
Yes and yes, but that is completely separate from financial analysts offering their opinion on the future of a company based on its technology and marketing of that technology.
What were the financial analysts saying about Apple 15 years ago.