Tuesday, September 6, 2011

RIM Investors Push For Sale, Breakup

"The team there has not executed for a prolonged period and that underscores the need for an independent chairman," said James Cole in July, an investor who owns $46 million in RIM stock at Portland Investment Counsel in Calgary, to BusinessWeek.
In a July note to investors, he called for the Waterloo-based smartphone maker to split into two separate companies--a sentiment now shared by Alboini.

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