RIM Might Not be Worth Buying, Suggests Analyst
Firm boasts over 80 million BlackBerry users around the globe.
Credit Suisse analyst Kulbinder Garcha believes that despite BlackBerry 10, RIM might not be worth acquiring.
"Any deal for [the] company is highly complex in our view, requiring simultaneous management of a declining business, as well significant restructuring, and as such an acquirer maybe be best advised to wait for [the company] to shrink meaningfully before making any potential move," Garcha told AllThingsD. "A break up is possible… [But] we question the quality of the underlying patent portfolio and also believe that converting RIM’s existing network operations center for other OS platforms may require a high level of effort for minimal functionality improvement."
RIM is still a valuable company with a subscriber base boasting over 80 million users around the world. However, what Garcha is stressing above is the fact that interested parties won't just take control of the BlackBerry division, including its operating system and patents. Rather, they would also be taking control of RIM's network operations center (NOC), which is utilized to securely send emails, in addition to the BlackBerry Enterprise Server business.
Subsequently, buying RIM and all of its associated divisions would result in an acquisition that would lead to complex management of the various pieces of RIM's portfolio.
Despite optimism by RIM's current CEO regarding the firm's potential comeback in the competitive smartphone market, the jury is still out for BlackBerry 10, which is arguably the company's biggest lifeline to recover from its financial turmoil.

Giving these people a voice does a disservice to society at large.
How many Apple stocks are in his portfolio is a better question.
Just because the valley girls have moved on to iwhatever doesn't mean industry is going to move too, the Blackberry base is still solid due to unmatched security, and will stay that way for quite some time, stock speculators abandon ship overnite so can't be trusted in anything they say.
Still RIM has a long experience with secure mobile systems, so that's a good thing to have in your assets. So, the thing is not if RIM is worthy or not for another company to buy. It's about the price and this analyst is playing for someone to spread the word to it's cheaper to buy. Been there, done that.
Wonder how their employees line up is. Do they still have the good old employees that gave birth to the first BB's?
Cheers!
Wow. I wanna be an analyst when i grow up.
State the obvious and get paid for it.
Ask any 12 year old "what phone do you want?" RIM is NOT the answer. Ever.
Why would you even invest in a company thats been buggering things up for the last 5 years and has no strategy to dig itself out?
Still, i agree that we need people to tell us what we already know.
My company uses Good for Enterprise. Encrypted partition on Android phones for securely sending/receiving emails. Next argument please...
Symbian had about 500 million users at some point. BB has a good chance imo, but past performance is no quarantee of future performance.
Well that's the problem. Your life is boring. For the rest of the billions out there who want to have fun and play birds on their phone, we don't care about blackberries. Get out and have fun, if all you do is work, you probably didn't even notice that the blackberry OS is like watching tv on a black and white tube.
These analysts sure have it good.
You forgot to phrase is as, "RIM users will forever maintain the false belief that their devices will always have something the others will never have...security."
It's simply not the case in reality (as measured by medium and large corporation implementation and support). Android and iOS use lead by a mile.
Media websites just like to pick on RIM with a passion.
Hmmm...same thing could be said about Mac users...