Investor Advises RIM on Patent Spin off

The BlackBerry and PlayBook maker Research In Motion has been advised by a key investor for considering a buyer, or spinning off its rich patent portfolio in order to beef up the investor returns.

The advice has come from the Toronto based financial services provider Jaguar Finance Corp., and according to it, RIM should seriously think about setting up a committee of four or five independent directors, in order to evaluate these options.

The financer has raised the issue following the recent slowdown in RIM’s shares. Jaguar however, declined to disclose the size of its stake in the BlackBerry maker.

Vic Alboini, Jaguar’s acting Chief Executive Officer also claimed that the proposal had the backing of several key investors, who collectively contributed to less than 5 percent of the company.

RIM has recently come under tremendous pressure from its investors following its depressing performance in the market where it lost significant portion of its shares to rivals Google and Apple.

The stock of the company lost half its value in the running fiscal alone, thus ringing the alarm bells for investors who are desperately looking forward to have some effective strategic changes in the operational structures.

"You cannot put all your eggs in one basket. The board should be saying, 'What if these products don't pan out?' You don't want RIM to turn into another Nortel." Alboini said, according to a San Francisco Chronicle report.