RIM

February 5th, 2012

RIM’s Playbook has Reached End of Life

According to a leaked internal marketing bulletin from Telus, first posted on Mobile Syrup, Research in Motion’s Blackberry Playbook has reached its End of Life. This bulletin states that “all 3 PlayBooks are End of Life” and “inventory will not accept any returns on these devices.” A roadmap leaked in late January states that RIM [...]

February 5th, 2012

Canadian Prime Minister Hints at Blocking Potential RIM Foreign Takeover

In an interview with Reuters, Prime Minister Stephen Harper hinted that the Canadian government might step in and block a foreign takeover of Research in Motion, stating that he wanted to see RIM “grow as a Canadian company”. Though the Prime Minister avoided any direct speculation or commentary on how the government might react if [...]

January 24th, 2012

Despite a ‘Leaked’ Lineup and Executive Shakeup, RIM Can’t Sell Itself to Investors

Despite an executive shakeup on the weekend, and a ‘leaked’ roadmap for 2012 – 2013 posted on the Boy Genius Report, RIM’s share value continues to decline. During the Tuesday trading day RIM’s value dropped an additional 3% bringing the total loss since the company announced the executive changes to 12% (a decline of $2.07). [...]

January 23rd, 2012

Investors Say RIM Shakeup is ‘Too Little, Too Late’

RIM’s shares – once buoyant on rumors the company was in takeover talks with Samsung – continued to slide during the Monday trading day even after the company announced it had deposed of co-CEOs Jim Balsillie and Mike Lazaridis late Sunday. Investors signaled that they were underwhelmed by the shakeup, pushing RIM’s shares listed on [...]

January 22nd, 2012

RIM Ousts CEOs

Embattled smartphone manufacturer Research in Motion announced late Sunday that co-CEOs, Jim Balsillie and Mike Lazaridis, were stepping down from their position effective immediately. Thorsten Heins, former Chief Operating Officer, Product Engineering, was announced as the successor to the duo. This announcement comes after rumors emerged that an independent member of the company’s board of [...]

January 19th, 2012

Would Ottawa Allow a RIM Takeover?

The collapse of RIM’s stock price during the last year has made it the subject of takeover talks from a variety of market players — though some such as Samsung deny the charges – during the past few months. While rumours hold that the company’s CEOs are aggressivley pursuing potential suitors, and rejecting some, for [...]

January 17th, 2012

Is a Samsung – RIM Deal in the Works?

During RIM’s decline of the last year, the company has had a war of attrition with Samsung on two fronts: in unit sales as well as in loss of top staff and executives. Now rumours from reliable sources are circulating that Samsung may buy the company outright. This news comes weeks after RIM rejected a [...]

January 4th, 2012

RIM May Shuffle Board

Embattled smartphone manufacturer Research in Motion may oust co-CEOs Mike Lazaridis and Jim Balsillie as co-chairmen of the board by the end of the month, though may not necessarily strip them of their role as chief executive according to the Financial Post. RIM had a particularly difficult year in 2011 as the company faced lackluster [...]

January 3rd, 2012

RIM to Liquidate Playbook Inventory

Hoping to replicate Hewlett Packard’s success in creating interest in a faltering tablet platform, Research in Motion (RIM) has cut the price of all Playbook models to $299 until February 4. This announcement apparently caused RIM’s BlackBerry Store to crash early Tuesday morning. RIM’s decision to liquidate their Playbook inventory comes weeks after company executives [...]