Business Standard

Asian firms eye RIM platform

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Reuters Toronto/ Seoul

Research In Motion is not on Samsung Electronics Co's immediate shopping list, but the ailing Blackberry maker may still be attractive to Asian smartphone makers looking to compete against Google's Android, the world's fastest growing mobile platform.

Samsung said on Wednesday it has no interest in buying RIM or licensing its operating system, refuting a tech blog report that Canada-based RIM was looking to sell itself to the South Korean technology giant.

Shares of RIM, which has long been the subject of takeover speculation with its stock valuation lingering at multi-year lows, jumped more than 10 percent on the blog report, but fell back after Samsung's denial.

 

Product delays and profit warnings have eroded confidence in RIM, once at the cutting edge of smartphone technology for business users, and its management.

But RIM, still valued at above $9 billion, may hold enough allure to interest Asian vendors like LG Electronics Inc, HTC and ZTE, which don't have their own platform, said a source at a major Asian handset maker.

"As we don't have our own platform, it's (RIM) an attractive option to look into and we're flexible about anything," said the source, who has direct knowledge of the matter, but who declined to be named as he is not authorised to talk to the media.

Samsung has its own platform called bada and is seeking to boost its presence by merging it with a platform backed by chipmaker Intel.

"We haven't considered acquiring the firm and are not interested in (buying RIM)," said Samsung spokesman James Chung

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First Published: Jan 19 2012 | 12:00 AM IST

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