Research In Motion is reportedly prepping to hire bankers to explore strategic alternatives.
According to Bloomberg, RIM is looking for an adviser to explore options, which typically include a sale or restructuring.
Analysts have been speculating on RIM's breakup value for months, but the hang-up is often the same. RIM needs to steady its smartphone lineup and demonstrate the staying power of its next-gen operating system before buyers become interested.
For instance, Northern Securities analyst Sameet Kanade recently said in a research note that no buyer will emerge until RIM steadies the ship. In the meantime, Kanade gave RIM … Read more