Research In Motion could be in for some major shakeups.
The embattled smartphone company has hired law firm Milbank, Tweed, Hadley & McCloy LLP to help it come up with a restructuring plan, according to a Reuters report over the weekend. The report, citing anonymous sources, said RIM is looking for ways to boost the revenue from its BlackBerry 10 operating system, as well considering opening up its proprietary secure network.
RIM has previously done work with Milbank, Reuters reported.
With market share bleeding and growth all but gone, RIM needs some radical changes to even have a chance at … Read more