Tuesday, May 29, 2012

Reuters reports that BlackBerry maker Research In Motion has hired bankers

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.

As for those bankers, well, the company said that the move was made after it announced its earnings at the end of March.

"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.