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RIM – Carl Icahn to the RESCUE
9/28/2011 edit
By PJLouis
Tags: Carl Icahn, RIM, buyout, stake, board seat

http://www.reuters.com/article/2011/09/27/us-rim-idUSTRE78Q39A20110927

 

I did not see this one coming.  Boy, RIM would be so lucky if Icahn gets a stake in the company and a board seat.

I did not agree with all of Icahn's Motorola strategies.  However, in the end the mobility group was purchased by Google.  I believe that Carl Icahn’s presence and activism on the Motorola board helped create the Google opportunity.  Often times, parties begin to actively think through solutions when it believes there is a key player helping to create value.  This is akin to inspiring people to think through tough situations.

I am not sure the RIM patent portfolio is that valuable.  The company’s cornerstone technology was wireless email until a federal court found RIM had infringed on NTP’s patents.  So I am not sure what RIM has of value.  Could Icahn find a way of unlocking value?  I lay odds he will find a solution before the RIM Co-CEOs find a solution.

Maybe Icahn will light a fire under this feeble board's seat bottoms.

I wouldn't think that Icahn would make the investment if he didn't already have a way to sell off RIM for the parts.    
gdt gdt
9/29/2011
YEAH, that is my best guess.  He may even be able to find a buyer for the entire company.
PJLouis PJLouis
9/29/2011 edit