RIM given 6 months to 'prove' its top management works

This week RIM is holding its Annual Shareholders Meeting at the company's Waterloo, Ontario based headquarters. Last month, Northwest Ethical Investments LP, a major RIM shareholder, proposed to remove the title of chairman from current co-CEO's Jim Balsillie and Mike Lazaridis. NEI believed that there was no business necessity to share the titles. During the meeting, RIM agreed to form a panel to study the effectiveness of having Lazaridis and Balsillie both have dual roles. NEI withdrew it's proposal but urged the committee come to a conclusion by the first part of 2012. John Richards, the board's independent lead director, acts in the role of a chairman and ensures independent oversight, according to RIM. 

It's getting clearer that investors at RIM are not happy with the direction that the company is headed and they want a change. As Android and iOS phones start to outsell Blackberry devices, they question that Jim Balsillie's line of "just you wait" really holds any promise at all. It's been rumored that RIM shelved plans for a 10 inch version of its Playbook tablet in hopes to roll out its first QNX based smartphones even sooner. While Research In Motion is shipping more Blackberries than they ever have worldwide, every day they are losing more market share on their own home turf. Most agree that there is very strong promise in QNX if they can get it on smartphones in time but for many users switching to Android and iOS, that time has already passed. 

​Image credit: International Business Times

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6 months is way too long to give these guys at this point. In six months smaller players like Windows Mobile will have 7.5 running on new hardware (Nokia) and Palm might get their act together...seems like an eternity to me given their current slide. I'm glad I don't' own any stock in RIM.

sethmonster said,
6 months is way too long to give these guys at this point. In six months smaller players like Windows Mobile will have 7.5 running on new hardware (Nokia) and Palm might get their act together...seems like an eternity to me given their current slide. I'm glad I don't' own any stock in RIM.
I was going to say just that. Windows Phone Marketplace has already overtook App World, even though it was launched two years earlier.
These six months are just more time for them to prove that they, are wrong for the job.

Here's a quote from my local paper:


“RIM's end-to-end solution was conceived when data devices and networks were nascent. But times have changed.” ~Mr. Abramsky, managing director of global technology research for RBC Capital Markets, at yesterdays' AGM.

Pretty much sums up how I feel about RIM. They're losing their relevance and unless they can get QNX competing with Android and iOS, they may as well partner with MS or HP and try their OS out.

dotf said,
Here's a quote from my local paper:


“RIM's end-to-end solution was conceived when data devices and networks were nascent. But times have changed.” ~Mr. Abramsky, managing director of global technology research for RBC Capital Markets, at yesterdays' AGM.

Pretty much sums up how I feel about RIM. They're losing their relevance and unless they can get QNX competing with Android and iOS, they may as well partner with MS or HP and try their OS out.

webos may be licensed out to different companies soon as a matter a fact. i still think rim will not be around in the next few years.

I think the only way Blackberry will survive is if they switch their mobile platform to Android and build their push email and BBIM platforms on top.

Mr Winkle said,
I think the only way Blackberry will survive is if they switch their mobile platform to Android and build their push email and BBIM platforms on top.

I don't think that would be a good move for them. I mean they are still really the 3rd option of what OS to use on Smartphones. Android has it's own problems right now with heavy fragmentation across it's platform due to all the hardware it can run on.

I could be wrong - but I still think RIM has a chance. I'm a fan of iPhones and the Android platform, but I've still always been able to recognize RIM for what they have accomplished and some of the things they were first to do - and do well. Unfortunately they are just slow to get their new stuff out.

"Just you wait" won't cut it today. They need to move towards an "And one more thing..." approach.

rajputwarrior said,
crazy canadiens and their dual CEO's...
they aren't our CEOs ... they just happen to be running a Canadian company

timster said,
they aren't our CEOs ... they just happen to be running a Canadian company

thanks fellow canadian citizen... it was a joke geared towards only canadian company would have two CEO's running one company

rajputwarrior said,

thanks fellow canadian citizen... it was a joke geared towards only canadian company would have two CEO's running one company

-_- thanks

DukeEsquire said,
Does QNX have the ability to emulate Android apps yet?

it will be released in the future.. the only problem is that they can only emulate one app at a time..