Research In Motion (RIMM) announces the departure of two senior executives as the company...

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Matithyahu Comments (87)
 
I am not worried about who is leaving--given the lack of foresight by management over the last few years, the more the better.

However, the question is: who will come to fill their place?
6 Apr 2012, 03:36 AM Reply Like

DaLatin Comments (1524)
 
Canada's job market is booming ! There is a place for all the RIMM workers to get new employment. Thus, bring in the bulldozers an ditch this dying dinosaur before it sucks down more victims. Their already ditching the consumers and slapping them in the face. And,competition will steal the business market as RIMMs new op system isn't needed !
tic tic tic !
Sell it now to save the third world base !
6 Apr 2012, 03:54 AM Reply Like

TomasViewPoint Comments (4327)
 
RIM is the new Palm.

They have a shot at doing something new because they have a lot of money in the bank but they need outside people to come in and transform the product direction. Everyone inside who grew up with the company will not be able to think big enough.

They need to leapfrog not just say "me too" as that will only lose more business. Email as the cornerstone of loyalty is so dead it is pathetic.

They need to understand where they fit into the industry and what industry they are even in. Serious work.
6 Apr 2012, 02:38 PM Reply Like

LoganSix Comments (217)
 
When you try to turn around a company, you don't get rid of the lower levels, you get rid of the management levels giving the direction. Everybody complains about RIM not keeping up with the competition and then are surprised when the new CEO cleans house of the dead wood.

The BlackBerry platform is being replaced by QNX, no need of having 2 VPs for the platform. A VP for a single application? Sounds like it was top heavy and not flexible enough.
6 Apr 2012, 06:22 AM Reply Like

SanDiegoNonSurfer Comments (2032)
 
Yeah, I get the sense all the recent departures were forced. They've all been politely presented as "retirements" or as people having chosen to leave but the timing suggests otherwise.
6 Apr 2012, 10:44 AM Reply Like

marcinz Comments (34)
 
Hope they turnaround, as much iphone is fun is just not BB and I won`t even touch andriod
6 Apr 2012, 07:25 AM Reply Like

beachtrader Comments (118)
 
Tragically, CEO egos destroy corporations.

Sorry, RIM cannot turn around this company...too late to catch up with the competition. RIM arrogantly ignored what customers wanted; RIM thought that the security of their e-mail service would sustain growth in the world of governments and businesses rather than develop a second smartphone with apps to attract the average consumer.
6 Apr 2012, 07:40 AM Reply Like

Montreal9 Comments (10)
 
Arrogantly ignored! Right on, as nobody is more arrogant than Jim Balsillie. Anybody can sell a product that is in high demand.
But the moment RIM ran into some stiff competition, Balsillie self-destructed. First, the NHL told him to get lost. Then RIM said take a hike. Now York University says"no thanks" we do not want your $60 million donation. Petty sad when you are told to get lost wherever you go. Arrogant? You think?
6 Apr 2012, 10:48 AM Reply Like

pocohonta Comments (366)
 
During the earning report conference call, RIMM announced two departure of senior execs pllus one departure from board of director. So this is two more? wow!
If this had been a succession planning event, a replacement would've been found before the departure. Also, if the firm can be sold to someone, these execs would not have left. I think this is a sign of something worse to come.... like bankruptcy.
6 Apr 2012, 08:34 AM Reply Like

Jake Huneycutt Comments (1208)
 
They can't really go bankrupt; they have no debt. They could fade away from having any importance, however, until someone buys them at a dirt cheap price.
6 Apr 2012, 09:57 AM Reply Like

Justforfun7 Comments (118)
 
Not a chance of Bankruptcy. 2 Billion in the banks and they added 600 million in cash last quarter. The loss recorded was from one time item write downs. A paper loss if you will.

Letting go of some of the high end executives is part of tightening up on the execution and accountability. Aren't you paying attention to what the new CEO Thorsten is saying? Their lack of timely delivery and execution before was because there was too much cross project work and consensus decision making. As they transition to the new platform, they are moving to having more accountability which needs less bosses and provides quicker execution.
6 Apr 2012, 09:47 AM Reply Like

realornot Comments (1275)
 
Jump ship? Jump onto a space ship?? The one Steve Jobs was building.
6 Apr 2012, 03:03 PM Reply Like

Chris Lau Comments (1152)
 
Gotta separate reality from propaganda that is being spread by WSJ and major media outlets in the U.S:

RIM's a transition story, so all activities that contribute to this will only serve to benefit shareholders. The best value comes when a company is most-hated. Share price may fall further, but come back here by say, Q1 or Q2 -2013 and those who bought shares at cash value (NOT book value) get QNX-growth and BBM-growth for free. That is amazing. That's like saying facebook's social structure worked in BBM and investors who foresaw growth got in when everyone else was afraid to.
7 Apr 2012, 11:06 AM Reply Like

TomasViewPoint Comments (4327)
 
Chris

I understand the narrative but how many companies in the cell phone and hand device business make a comeback once they are in trouble?

This is real commodity stuff.
7 Apr 2012, 02:16 PM Reply Like

pocohonta Comments (366)
 
What would be the cash value? How much would the potential contributions from QNX and BBM be valued? What would be the most likely buy-out price?
If the numbers can add up, then perhaps we can make a case for buying RIMM as a value play.
7 Apr 2012, 07:56 PM Reply Like