RIM is seeking a financial consultant to help it with its recent money woes and is considering licensing out its mobile operating system, according to a report in Bloomberg.
The Canadian company is still dealing with the consequences of last quarter's $125m loss and the exodus of the BlackBerry old guard, and is turning to the bankers to consider the company's serious financial problems, the story claimed.
The Bloomberg source listed out the options RIM is considering in order of preference: licensing out its operating system, possibly to Samsung; throwing some of the company's cash into a strategic investment in some new technology; or, as a last resort, an outright sale of the business.
Asked to confirm or deny the story, Blackberry's UK PR said it did not comment on rumours and speculation but would provide "formal, periodic updates" when there was "material news to share".
It comes after another phone giant, Nokia, suffered a downgrade on its debt ratings and warned that its financial situation would only get worse – showing how precarious the once-booming phone market has become for the smaller players. ®