In the following video, senior technology analyst Eric Bleeker discusses the recent buyout chatter surrounding Research In Motion (Nasdaq: RIMM).

Earlier in the week, details emerged that not only was Amazon.com (Nasdaq: AMZN) in discussions with the company, but Microsoft (Nasdaq: MSFT) and Nokia (NYSE: NOK) had also explored a joint bid. Just the news of other tech giants interested in buying RIM was enough to send its share price soaring by over 10% the next day.

However, as Eric notes, investors shouldn't get too excited because management appears adamant about finding an independent way out of the mess they've made. That's unacceptable, as the current management team has shown time and time again it not only lacks strong execution, but also lacks the right vision to reclaim its placement as a top smartphone company. The fact that RIM is trading at a P/E of less than 3 in such a fast-growing industry is a testament to the complete lack of faith in current management's ability to complete a turnaround on their own. And if management isn't replaced, that low multiple is warranted.

So while Eric feels RIM definitely has plenty of value to unlock, he won't be touching the stock with a 10-foot pole until it's under a new CEO, preferably one who's open to all options including a sale to another company. To get Eric's thoughts on Research In Motion, view the video below:

Eric Bleeker owns shares of no companies listed above. The Motley Fool owns shares of Microsoft and Amazon.com. Motley Fool newsletter services have recommended buying shares of Amazon.com and Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.