Citing three people with knowledge of the matter, Bloomberg reports that Research in Motion is considering hiring one Canadian bank and one global bank.
RIM declined to comment on this story when contacted by TheStreet, although CEO Thorsten Heins would not rule out a potential sale during the BlackBerry maker's recent fourth-quarter conference call.
The embattled Canadian firm reported weaker-than-expected fourth-quarter numbers with Heins acknowledging that RIM needs "substantial change."Rocked by delayed product launches, and fierce competition from Apple (AAPL), Google's (GOOG) Android phones, and, increasingly, Microsoft's (MSFT) Windows phones, investors have fled RIM in droves. RIM's shares, which have plunged almost 75% over the last 12 months, closed up 4.11% at $13.42 on Monday. --Written by James Rogers in New York. >To follow the writer on Twitter, go to http://twitter.com/jamesjrogers. >To submit a news tip, send an email to: email@example.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV