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The new year has started with some pretty big tech upheavals. The tech and mobile industry is heaving with new products, new deals, and now new CEOs. Research In Motion, (RIM), makers of the BlackBerry solution, announced on Sunday that the founders and co-CEOs of the company Mike Lazaridis and Jim Balsillie had resigned, and that Thorsten Heins, a former Siemens executive who joined the Canadian company only four years ago would take over as CEO with immediate effect.RIM was ...
Share prices are the barometer of market sentiment about companies, but when investors complain that the market is being "unfair", one needs to look beneath the numbers. That’s one argument where in Research in Motion(RIM), Apple and Microsoft would agree.When the share price of RIM recently reached a new seven-year-low, dipping below $17 for the first time since 2004, it represented not only a massive 75% fall from its high for 2010, but also a 30% drop from the day ...
A record low for RIM stock, drunken rowdiness aboard an Air Canada Flight, a disappointing update to RIM’s fiscal Q3 guidance, and yet, there's hope. It's just another typical week for RIM.DramaRIM announced during an update to its fiscal Q3 guidance, that it no longer expects to meet its full year adjusted diluted earnings per share target of $5.25-6.00. RIM shares have lost more than 70% of their value this fiscal year and ended on a record low of US$16 ...BlackBerry is soaring ahead in Africa, the Middle East and Europe. In July, it disclosed that it had added one-million new subscribers across this region in less than three weeks. This is huge. Balance that out with a net decline in subscribers in its mature North American markets, however, and the outlook isn’t fantastic. Basically, it needs to keep adding more (net) subscribers in emerging markets than ones it’s losing. So far, it’s keeping pace. But the company and platform ...
In the latest twist of the tale of BlackBerry’s woes, the smartphone's maker Research In Motion (RIM), is now being sued in Canada and the US as a result of the global BlackBerry Messenger failure.The plaintiff of the suit hope to escalate the case into class-action lawsuit thus representing every BlackBerry user in the respective countries. At the moment, the amount RIM will be asked to pay out has not yet been determined.The US lawsuit accuses RIM of “negligence, unjust ...
With hindsight huge issues, such as the recent BlackBerry service outage, may not have been as critical as they seemed at the time. If asked we would not, or could not, imagine life without our various devices, especially our key communicator -- the mobile phone.Imagine going back to the time that we only placed a call, or on the odd occasion sent a text message on your phone. That time was not all that long ago, when we could all ...
Much has been made about BlackBerry being backed into a corner. Its device sales are "falling" (not so, it has 20-million more users today than a year ago), there are "no apps" for the platform (yet it's the second most profitable app store), and BBM or BlackBerry Messenger is fast-becoming "irrelevant".Apple’s iMessage baked into iOS will "kill" BBM. Or, so say the headlines. Except it won’t.Today, BBM has more than 50-million active users (it had 28-million just a year ...
The recent three day Blackberry fail adds impetus to the notion that Research in Motion (RIM) is dying. Sales of the BlackBerry are in worldwide decline, with RIM having a really bad last quarter. Pundits are wondering when the management will give in -- either through acquisition or throwing in the towel altogether:This isn't the first time an outage has happened, with independent telecom and technology analyst, Jeff Kagan, stating that: "I have been an analyst for 25 years and have ...
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