Struggling RIM hires a law firm to assist with restructuring

Research In Motion, the company behind the ailing Blackberry platform, has hired a law firm to help it with a company-wide restructuring plan aimed at making the company profitable again. The plan could include selling off resources, seeking joint ventures, or licensing its patents.

The forecast for RIM: cloudy, with a chance of success

There is no doubt RIM’s fortunes have been receding of late. The share of BlackBerry smartphones in North America is plummeting (although still strong in other parts of the world) and revenues are down. Competition is fierce. Can new management and stated objectives for future products at RIM turn things around or is it too late?

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New RIM CEO: We need substantial change

On his first-ever earnings conference call, newly christened Research in Motion CEO Thorsten Heins seemed to come to terms with the bad hand he’s been dealt and admitted that the company was in need of “substantial change.”