Oh, Oh. RIM has hired bankers from JP Morgan and Royal Bank of Canada, according to a report from Reuters. In the meantime, RIM issued a warning about its quarterly earnings, saying that for the second quarter in a row it would have a loss.
"These advisors have been tasked to help us with the strategic review we referenced on our year-end financial results conference call and to evaluate the relative merits and feasibility of various financial strategies," Thorsten Heins, RIM's CEO, said in a statement.
Any guess that the review will recommend a sale?
The news has done little to halt the slide of the company's shares, which closed up a tick to $11.23 a share, but is tanking in after hours trading – down below the $10 mark.