According to reports coming from Businessweek, RIM may look to hire an investment bank to explore strategic options to help ease its transition phase.
“It’s looking less and less likely that they can make the turnaround on their own,” said Tavis McCourt, an analyst at Morgan Keegan Inc. in Nashville, Tennessee, who rates RIM “market perform.” “So whether they’re hiring an investment bank to help defend themselves against activists or outright sell themselves or explore alternatives, those are the kinds of stories that make sense to investors.”