Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Research In Motion Ltd (BBRY) BlackBerry Looking For Some Help?

A couple days ago, we brought you a story (see the details here), discussing Research In Motion Ltd (NASDAQ:BBRY) BlackBerry CEO Thorsten Heins and how he is asking investors to exercise some patience as the company attempts to get back on track. While there is nothing wrong with this and a comeback is going to take time, it goes without saying that people are hoping to see some progress sooner rather than later.

Research In Motion Ltd (BBRY)As you can imagine, Heins is considering all options for moving the company forward in the months to come. One thing BlackBerry may try in the near future, as a means of grabbing more market share, is reaching out to prospects that can help it get its software on a growing number of smartphones.

This story was covered in great depth by WRAL Tech Wire, sharing the following information:

“Chief Executive Officer Thorsten Heins, speaking to investors at the company’s shareholder meeting, said he’s looking beyond licensing the BlackBerry 10 operating system to other mobile-phone companies – a long-stated goal that has yet to pan out. Heins is considering a range of options in his bid to turn around the company and mount a stronger challenge to Apple Inc.’s iPhone and Google Inc.’s Android platform.”

This move would make sense for the struggling smartphone company, however, it has yet to yield any real results. If Research In Motion Ltd (NASDAQ:BBRY) BlackBerry plans on relying on this strategy in the future, it better start paying off sooner rather than later.

The longer it takes BlackBerry to grab market share the more distance there is between itself and iOS and Android. Does this mean the company is going to eventually die off? It is not likely, but being a bottom dweller in the smartphone market is not what BlackBerry is hoping for.

The article went on to add another interesting tidbit:

“Don’t think just narrowly in terms of licensing,” he said at the meeting in BlackBerry’s hometown of Waterloo, Ontario. “It could go into cars, so think broad.”

This goes a long way in showing that Research In Motion Ltd (NASDAQ:BBRY) BlackBerry is willing to look into whatever avenues it can as a means of getting back on track.

Is this a sign of desperation for Research In Motion Ltd (NASDAQ:BBRY) BlackBerry, or is the company making a good decision?

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.