In an interview with Bloomberg today, Jaguar Financial Corp. CEO Vic Alboini stated that Research in Motion (RIM) should sell itself off or find a way to spin off the patents it currently owns. Canadian-based RIM has been having a lot of trouble over the past couple of years because of competition from other companies like Apple and Google. The company has also reported losses in many of the past quarters.
RIM should create a committee of four or five independent directors to study those options, Jaguar Chief Executive Officer Vic Alboini said today in an interview. Alboini, who declined to disclose the size of Jaguar’s RIM stake, said his proposal has the support of several large shareholders who collectively hold less than 5 percent of the Waterloo, Ontario-based company.
RIM has not released a comment yet.