RIM rejected offer from Microsoft, but 60% drop in share price may prove convincing

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Information Week reports that Microsoft has approached RIM earlier this year proposing a Windows Phone partnership, but that the offer was rejected.

The talks occurred after RIM co-chiefs Jim Balsille and Mike Lazaridis were forced out in January and would have seen RIM drop their OS in favour of Windows Phone.

RIM in the end decided to go it alone. That decision was however made when RIM’s share price was still a lofty (in hindsight) high of $17.84, rather than a low of $7.44, down close to 60%.

The company is said to be under renewed pressure  to seek other alternatives in the wake of the company’s announcement that BlackBerry 10 would be delayed until 2013.

RIM shares plunged almost 18% in morning trading Friday, to $7.94.

"They need to get to a strategic decision soon," said Wedbush Securities analyst Scott Sutherland. "Even though it may cause some near-term pain if you separate the business, it might be the best course of action," he said, according to Reuters.

Do our readers think RIM will come crawling back? Let us know below.

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