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UPDATE: Research in Motion Shareholder Jaguar Financial Calls For Patent Spin-Off

By Insider Scoop
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Courtesy of Benzinga.

Research in Motion (NASDAQ: RIMM) shareholder Jaguar Financial Corp. is calling for the company’s directors to consider spinning off its patent portfolio into a separate company.

Vic Alboini, Jaguar’s chairman and CEO said in a statement that RIM needs a transformational change before its market value is lost. “The status quo is not acceptable, the company cannot sit still. It is time for transformational change”, said Alboini.

Research in Motion’s stock price has fallen from a high of $149.90 in June 2008 to $29.59 on September 2.

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