IBM (IBM) Eyes RIM's (RIMM) Enterprise Service Unit, Likes What It Sees

August 10, 2012 7:43 AM EDT Send to a Friend
What do you call the fruit of a beaten-up tech company from Canada that's rolling down a hill? If IBM (NYSE: IBM) has any say in the matter, the answer is "a Big-Blue-and-BlackBerry."

International Business Machines (IBM, or Big Blue) is known for its enterprise computing presence, having given up on the PC years ago to focus its craft. Research In Motion (Nasdaq: RIMM) has an enterprise services unit, but current conditions at the BlackBerry giant have it searching far and wide for a knight in shining armor. Or, at this point, matte finish armor will do as well.

So, reports today have IBM eying the Enterprise-Services business at RIM. The unit runs a network of secure servers that support RIM's BlackBerry devices.

No comment was made by either party.

Though RIM shares are well-off all-time highs above $140, the Waterloo, Ontario-based mobile company may wait until the launch of BlackBerry 10 early in 2013 before making any drastic decisions on asset divestitures. Previously, CEO Thorsten Heins said he'd prefer to license IP and assets, or find a competent partner, in lieu of any sales agreements.

RIM shares are up over 6 percent Friday morning, while IBM is indicated flat.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Insiders' Blog, Rumors, Trader Talk

Add Your Comment