Stock is up another 10% today. Apparently investors think Google's Motorola deal means good things for RIM? Intriguing.
Look for HTC to buy RIM
Originally Posted by dmcowen674
Look for HTC to buy RIM
More likely is that they think RIM is an acquisition target.
Not so likely. The Canadian government could possibly block any foreign takeover. See Potash Corp. No way stock rises 10% when such a huge risk remains.
Not so likely. The Canadian government could possibly block any foreign takeover. See Potash Corp. No way stock rises 10% when such a huge risk remains.
Harper and Flaherty are unlikely to block anything.
Potash is a natural and strategic resource with huge tax revenues. Smartphones... I don't know.
With RIM, a foreign company could easily board up the buildings in Waterloo, kill the town and the entire digital hub they have built there, and move everything to California (or wherever). In fact, this type of thing might be exactly what would help RIM. They have trouble attracting talent to Waterloo, and talent is everything in a tech company.
RIM is Canada's flagship tech company. It has military grade encryption in its hardware, so you certainly won't see a company from overseas being allowed to buy it.
Besides, the standard that has to be met is the acquisition must have a net benefit to Canada. I don't see how boxing up RIM and moving it overseas would give a net benefit to Canada.
They blocked Potash.
This is exactly WHY Potash wouldn't be blocked when RIM would be. You can't take Saskatchewan potash and move the mining operations overseas. It is just physically impossible. The operations stay here, taxes largely stay here, jobs stay here, control essentially stays here.
With RIM, a foreign company could easily board up the buildings in Waterloo, kill the town and the entire digital hub they have built there, and move everything to California (or wherever). In fact, this type of thing might be exactly what would help RIM. They have trouble attracting talent to Waterloo, and talent is everything in a tech company.
RIM is Canada's flagship tech company. It has military grade encryption in its hardware, so you certainly won't see a company from overseas being allowed to buy it.
Besides, the standard that has to be met is the acquisition must have a net benefit to Canada. I don't see how boxing up RIM and moving it overseas would give a net benefit to Canada.
Posted Aug 11, 2011 Announcement for purchase of 51% equity interest in Beats Electronics, LLC by executing capital injection into HTC America Holding Inc.
They will make it look like it's not a "foreign" company buying it.
How high are you? I mean, seriously, how high do you need to be to equate Dr Dre's headphone business to a $20bn a year telecoms corporation?
Just sayin'.
Just sayin', you're off your head.
They blocked Potash.
This is exactly WHY Potash wouldn't be blocked when RIM would be. You can't take Saskatchewan potash and move the mining operations overseas. It is just physically impossible. The operations stay here, taxes largely stay here, jobs stay here, control essentially stays here.
With RIM, a foreign company could easily board up the buildings in Waterloo, kill the town and the entire digital hub they have built there, and move everything to California (or wherever). In fact, this type of thing might be exactly what would help RIM. They have trouble attracting talent to Waterloo, and talent is everything in a tech company.
RIM is Canada's flagship tech company. It has military grade encryption in its hardware, so you certainly won't see a company from overseas being allowed to buy it.
Besides, the standard that has to be met is the acquisition must have a net benefit to Canada. I don't see how boxing up RIM and moving it overseas would give a net benefit to Canada.
Please stop quoting Dave, you're messing with my happy place.
In Dave's world, a lot of things make sense that you or I would need about 6 hits of LSD to come close to that level of reasoning.
"Holy shit my hand is glowing, HTC will buy RIM, and the ATF people just ran a background check on me so I can buy balsamic vinegar."
No way they abandon WebOS this quickly - the Pre3 is really their best chance to jumpstart the brand.
HP also killed off the TouchPad tablet it launched last month, as well as its webOS smartphone line
With RIM, a foreign company could easily board up the buildings in Waterloo, kill the town and the entire digital hub they have built there, and move everything to California (or wherever). In fact, this type of thing might be exactly what would help RIM. They have trouble attracting talent to Waterloo, and talent is everything in a tech company.
RIM is Canada's flagship tech company. It has military grade encryption in its hardware, so you certainly won't see a company from overseas being allowed to buy it.
Besides, the standard that has to be met is the acquisition must have a net benefit to Canada. I don't see how boxing up RIM and moving it overseas would give a net benefit to Canada.
Thing is, I don't think RIM being based in Waterloo is doing them any favours. The people they desperately need - top notch developers - tend to utterly despise living in cities like Waterloo, especially with Toronto hours away and offering better salaries and lifestyles. I think they'd do well to relocate to a major metropolis if Silicon Valley is out of the question.
Thing is, I don't think RIM being based in Waterloo is doing them any favours. The people they desperately need - top notch developers - tend to utterly despise living in cities like Waterloo, especially with Toronto hours away and offering better salaries and lifestyles. I think they'd do well to relocate to a major metropolis if Silicon Valley is out of the question.
Thing is, I don't think RIM being based in Waterloo is doing them any favours. The people they desperately need - top notch developers - tend to utterly despise living in cities like Waterloo, especially with Toronto hours away and offering better salaries and lifestyles. I think they'd do well to relocate to a major metropolis if Silicon Valley is out of the question.
Yep. That's one of the things I would do if I was RIM. Set up a design shop in Toronto or Vancouver. Put corporate HQ, IT, HR, etc all in Waterloo, and keep some techy stuff there (because of the tech triangle thing), but move the high quality talent wherever they want to go.
You may be overstating this bit. You can't have one location appeal to everyone.
Of course there are people who want to be in TO, or other places. I knew two good UW grads who hated Toronto, but couldn't move to Europe fast enough. I also know several who started life in Toronto, came to Waterloo for school, and never left because they like it better here (I'm one of those, though I've never worked for RIM). The fact is Waterloo is a growing, city, with access to the semi-rural housing that so many people think they want (you should see the $1-2million hobby farms that are within reach for the top talent at places like RIM).I definitely am oversimplifying, but Toronto has an incredibly strong core of mobile development studios (Polar Mobile, The Score, Kobo) that RIM would be able to poach from if only they too were located a streetcar or fixed-gear bike ride's distance from the developer's home. On the flipside, I know two very good University of Waterloo graduates who works as mobile developers that couldn't move to Toronto fast enough. Waterloo offers them nothing.
The bad news came for Waterloo, Ontario-based Research in Motion (TSE:RIM) who saw its U.S. market share drop from 28 percent to 11 percent -- a 60.7 percent decline. In the last year the phone maker has lost nearly half its stock value as well.
RIM appears to be fading fast. Things look increasingly bleak for the company, which is rumored to be preparing to push its new operating system -- QNX -- into the smartphone market in a desperate revitalization bid. It's easy to draw analogies between RIM of today and Palm, Inc. at the start of the webOS era -- beloved by some loyal customers, but increasingly scorned by the masses. The similarities run deep in that both companies followed the largely defunct first-party OS model, a sluggish pace of handset releases, and inferior hardware.