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HomeNewsTechnologyRIM dissidents pushing for a change from BlackBerry maker

RIM dissidents pushing for a change from BlackBerry maker

The company that makes the BlackBerry has a short window to revive its sagging share price and shake up its business, or risk the escalation of a dissent movement ...

November 09, 2011 / 15:35 IST

The company that makes the BlackBerry has a short window to revive its sagging share price and shake up its business, or risk the escalation of a dissent movement that claims support from holders of 8 percent of its stock. Three Research In Motion shareholders backing a call from merchant bank Jaguar Financial for transformational change at the Canadian smartphone company said the still-informal group was bound to grow if RIM's shares don't rebound soon. "I would say that if we are still looking at this stock in this position by the middle of next year then I think there will be a lot more support than just 8 percent," one of the shareholders told Reuters. He said he was not ready to be identified because he did not want to go public with his investment strategy.

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first published: Nov 9, 2011 03:29 pm

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