Samsung Repeats, No Interest In RIM

by Mike on August 9, 2012

Research In Motion’s share price has had an overall downwards trend and this could be expected as investors have been jittery with the lack of new product development and lack of leadership from the company. Once considered a dominant force in the mobile phone business, new studies have shown that RIM’s overall market share have declined significantly.

With their stock prices creeping ever lower, the company has become a potential takeover candidate and today, RIM received a bump due to new rumours that Samsung was once again interested in the Waterloo company. This however was short lived with Samsung confirming that they had no interest in either acquiring RIM, nor licensing their intellectual property. There was however hope for investors earlier this week with analysts suggested that Samsung would make a move for BlackBerry 10 in an effort to reduce their reliance on the Android operating system.

If we take Samsung at face value, their recent comments do eliminate any hope that the Korean company will launch a Samsung manufactured Blackberry nor do they want to buy RIM. There is also no interest in licensing BlackBerry 10. Still though, that’s not to say that negotiations between Samsung and RIM have not taken place and there is always the possibility that backroom negotiations are occurring with neither company willing to announce anything until there is something that is newsworthy.

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