RIM lost $518m 1st qtr 10 times estimate. BB 10 delayed 2013, cuts 5000 jobs [Star]
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June 28, 2012, 03:35 PM
Join Date: May 2009
Any big loss is a biggy to investors, lose investor interest or investors in general and kiss your company goodbye.
Those 5 000 jobs bring the company probably down to about 6-7k globally, perhaps even smaller now. Sure some of those cuts were probably needed, though when you lay off departments you'll suffer in productivity until others pick up their work.
BB10 not coming out until next year is REALLY going to hurt RIM, as what do they have a good/top product? Phones, not really, tablet, not even close.
Here I am: here I remain
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