RIM: I’d Like to Use a Lifeline and Call J.P. Morgan

Research In Motion is reportedy close to choosing the financial adviser that will help it make the strategic decisions necessary to vault it out of the Ancient Mariner-esque doldrums in which it is mired. Bloomberg reports that JPMorgan Chase & Co. is the front-runner for the company’s business, and could get the official tap very soon.

Interestingly, RIM insiders continue to insist that the company needs outside counsel to help it ink the licensing deal it hopes will shore up its business. But that seems an unusual explanation. Typically, bankers are brought in to help negotiate large strategic investments. Or sales. That said, I’m told the company is not planning to put itself on the block anytime soon.