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A Blackberry Bold is displayed at the 2009 International Consumer Electronics Show at the Las Vegas Convention Center January 8, 2009 in Las Vegas, Nevada.
Business Insider is engaged in plenty of speculation about struggling BlackBerry maker Research in Motion today, after the company disappointed Wall Street with its fiscal fourth quarter results yesterday. Part of that speculation involved interpreting RIM's CEO's comments about "strategic opportunities" as "let's look for someone to buy us." At the New York Times, Michael J. De La Merced joins that chorus.
Here's a Jay Yarow at BI, on why no one in his right mind would want to buy RIM (it's in Q&A form):
...Is anyone a good fit for RIM?
Honestly, we don't think so. This is a company that is dying and in a state of transition. It runs on its own platform. Most hardware makers have picked their partners for software. Transitioning to RIM's software doesn't make sense unless RIM's next software is awesome. In which case, another hardware maker like Dell or LG could buy RIM and use BlackBerry 10.
But, that's sort of silly for RIM, right? They wouldn't want to sell if the software is good.
Exactly. What's the point? RIM could turn itself around without help.
But that's pretty unlikely, right?
So that's it for RIM? Make great software or die?
Pretty much. It's possible someone wild card jumps in. Maybe a carrier takes a chance on RIM if it gets cheap enough, or maybe a Chinese phone maker buys the company to get a nice entry into North America, or maybe a PE firm looks at RIM's still impressive cash flow and decides to take the company out and try to fix it.
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A Blackberry Bold with the new Slacker personalized radio application is displayed at the 2009 International Consumer Electronics Show at the Las Vegas Convention Center January 8, 2009 in Las Vegas, Nevada.
I've been advocating, to pretty much anyone who will listen, that Apple should buy Research in Motion, the Canadian company that makes the BlackBerry smartphone and has seen its stock price completely collapse in the past few years, falling more than 70 percent. Apple, mean while, has gone from around $350 per share per-holiday last year to more than $600 this week.
Apple's success has yielded a cash hoard of $100 billion, some of which Cupertino is dealing with through a dividend and stock-buyback plan. But there's still tons of money left over. I say, Why not buy RIM? At a market cap of $7.25 billion, Apple could pick up the dominant player in the business-and-government smartphone market and plug the one gaping hole in its dominance of consumer electronics.
Apple could do this, possibly using cash that it's keeping outside the U.S. (RIM is Canadian! Apple wouldn't have to re-patriate the money!), and still have enough left over to buy, you know, the Eiffel Tower or something...
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Former California gubernatorial candidate Meg Whitman was chosen to take over at Hewlett-Packard.
As you may recall, Hewlett-Packard distinguished itself in the tablet market by bringing out the TouchPad at $500 and then having to slash the price to $99 (well, BestBuy slashed the price) a little over the month later. Debacle! And this was with a reasonably nice device that ran WebOS, the superb operating system that HP picked up when it took over Palm.
Now Meg Whitman — she of the ill-fated bid for governor of California, now HP's CEO — has said that HP will introduce another tablet "before the end of this year" (Bloomberg) and that it will run Microsoft's Windows 8 OS...eventually.
Oh, also, there will be Intel chips.
It will be an HP Wintel tablet.
Hooray! What a wonderful plan! But...
As I've written before, there is no tablet market — there's an iPad market. And the only company that's been able to take a bite out of Apple's dominance is Amazon, which with its Kindle Fire isn't selling a tablet but a tricked-out Kindle (a Kindroid) to use as leverage to get more people to purchase Amazon content.
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The infamous Blackberry.
You'd think that Research in Motion's decision to make a big change at the top, moving out co-CEOs Mike Lazaridis and Jim Balsillie and replacing them with a single leader, Thorsten Heins, would mean that the Canadian maker of the BlackBerry could finally see an end to its long nightmare. The sliding share price will reverse! People will buy BlackBerrys again and maybe even...PlayBooks, the company's largely unsuccessful tablet.
And if you thought that, you'd be...wrong, at least according to PC World:
RIM has gone from dominant market leader to virtually irrelevant in a matter of a couple of years. From the outside, it doesn’t seem like RIM actually has a strategy. But, whatever strategy it has is clearly not working. Suggesting that the current plan is sound is like taking over the Titanic knowing it’s about to hit an iceberg, and consciously deciding to stay the course and see what happens.
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A man checks his email on a Blackberry.
Attack the iPhone, get over 210,00 page views. That's what Business Insider's Matt Lynley has achieved with this post about why he likes the BlackBerry more than the iPhone.
OK, it's a slide show. That's part one of what I should recognize by now as a classic bit of BI linkbaiting-and-switiching. It's also a bait-and-switch in that Lynley only seems to prefer the BlackBerry because he's bored with the iPhone, which he's been using for four years.
However, he makes a very salient point along the way.
The BlackBerry still absolutely kills it with email. So it was in the beginning. And so it is still.
There's a whole grand saga playing itself out in the mediasphere these days, as business-minded BlackBerry users (read: productive types) grapple with the decline of BlackBerry's makers, Research in Motion, and adapt themselves to the giddy world of the iPhone, much of which seems designed for esthetes and teenagers (read: they like toys), but which is...getting better at the whole enterprise thing.