Research In Motion Close to Choosing JPmorgan Chase & Co. as Their Financial Adviser

RIM has been weighing the options when it comes to the search for a financial adviser. This financial adviser Will help with  strategic options that may show themselves. in an article from Bloomberg JPmorgan Chase & Co. is heading the pack to be RIM financial adviser. Hit the break for more!

April 19 (Bloomberg) — Research In Motion Ltd. is near a decision to pick a financial adviser, and JPMorgan Chase & Co. is the leading candidate to help the company weigh strategy options, two people with knowledge of the matter said.

A final choice hasn’t been made and could come within days, said one of the people, who declined to be identified because the matter is private.

RIM Chief Executive Officer Thorsten Heins, who took over from company co-founders Mike Lazaridis and Jim Balsillie in January, said he’s considering strategy changes after customer and market-share losses led to five straight quarters of sales shortfalls.

Tenille Kennedy, a spokeswoman for Waterloo, Ontario-based RIM, declined to comment, citing a policy not to discuss rumor or speculation. Jennifer Zuccarelli, a spokeswoman for New York- based JPMorgan, also declined to comment.

RIM would prefer to license its BlackBerry mobile operating system, a person with knowledge of the matter said earlier this week. The company is racing to put the final touches on a new platform, known as BB10, and release the first smartphone built on the software later this year.

After a licensing deal, RIM’s next choice would be to find a strategic investor, the person said.

German-born Heins, who joined RIM in 2007, said in March that while the company would consider a sale, that wasn’t “the main direction” he’s pursuing.

RIM slipped 1.6 percent to $13.20 yesterday in New York

Via: N4BB

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