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« RIM liquidation near?
This is a sub-selection from Rim Jobs

openbox9
Premium
join:2004-01-26
Germany
kudos:2
reply to NY Tel

Re: Rim Jobs

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.


NY Tel
Premium
join:2004-04-09
Smithtown, NY
kudos:3
said by openbox9:

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.

Can I sell you my Blackberry Bold, its only a year old.

openbox9
Premium
join:2004-01-26
Germany
kudos:2

1 recommendation

Why would I want a used device when I can buy a new one without any new capabilities

I'll stick with my Android device


baineschile
2600 ways to live
Premium
join:2008-05-10
Sterling Heights, MI

1 recommendation

Maybe I am different than all of you, but i LOOOOOVE Rim Jobs.

Wait, are we still talking about the company?!?!?


Anonymous
Premium
join:2004-06-01
IA
kudos:2

1 recommendation

said by baineschile:

Maybe I am different than all of you, but i LOOOOOVE Rim Jobs.

Wait, are we still talking about the company?!?!?

Your post is more relevant to this thread than RIM is to the smartphone industry.
--
I speak for myself, not my employer.


J E F F
Whatta Ya Think About Dat?
Premium
join:2004-04-01
Kitchener, ON
kudos:1
reply to openbox9

Re: RIM Jobs

said by openbox9:

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.

Because the 'big' investor (and others), Jaguar, wants to basically break the company up and sell the patents. This would be good money for the investors (actually, it would be worth billions) but RIM would be gone, along with thousands of employee's.

RIM has several problems.
1. Perception. RIM is doing bad in the US, but not elsewhere..however, that doesn't matter.
2. Slow at delivering new products.
3. Slow at delivering new OS. (BB 10.0 (PB 2.0))
4. Two CEO's who believe they are too smart.

What RIM needs to do is find a new CEO, put Mike in charge of technology and development, and put Jim in charge of sales. They also need to find a marketeer.

I do know of some products that are up and coming, and it's never too late to get back into the game, but obviously they can't wait forever. One of their new products will compete directly with Android/iPhone. What they will need to work on is making everything seamless like the iPhone but have pricing closer to Android and overall quality and security that is better than Android and more secure than both. (security is BB's strong suit).

RIM also needs an attitude change with who they hire and how they hire. Going on education alone isn't cutting it, obviously, as you can see, with the two exec's that disrupted that flight. (was surprised to learn that they both were on work permits from Scotland, one living in this tiny village just north of here and the other from Kitchener) They spend billions on R&D but it doesn't seem to be going anywhere soon.

As for Mike and Jim, I have no idea how they manage to co-manage. Someone needs to give them a wake-up call, and I have no idea how that is going to happen, especially when sales continues to climb outside USA.
--
If you can't explain it simply, you don't understand it well enough. - Albert Einstein

openbox9
Premium
join:2004-01-26
Germany
kudos:2
said by J E F F:

Because the 'big' investor (and others), Jaguar, wants to basically break the company up and sell the patents. This would be good money for the investors (actually, it would be worth billions) but RIM would be gone, along with thousands of employee's.

And this is likely what will eventually happen. Unfortunately, the longer the board waits, the less value that will be realized.

Warez_Zealot

join:2006-04-19
Vancouver
reply to openbox9

Re: Rim Jobs

said by openbox9:

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.

I'm sooooo mixed on this whole debacle. On one hand, RIM was never going to stay a leader in the smart phone market. They were the first, and as more and more manufactures got into the game, it was a natural assumption their market share would drop.

But they did F up big time when they decided not to focus on their core customers, and try to compete with Apple and Android manufactures. Now their having an identity crisis, and facing huge product delays....

Now RIM should focus on their core product and service, and try to get some stability in their market share. Investors expect constant growth, and now those same investors need to face the fact that RIM is now a mature company.

I hope Mr. Laz, and Balsillie fight for their company so that it's not broken up and sold off for its patents. They should try to keep the company in 1 piece for the sake of their employees and customers.
--
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it."-Malcolm X


openbox9
Premium
join:2004-01-26
Germany
kudos:2
said by Warez_Zealot:

Investors expect constant growth, and now those same investors need to face the fact that RIM is now a mature company.

At this point, many investors might be happy simply to not lose any more value. You state that RIM is a mature company, but its actions suggest otherwise.
said by Warez_Zealot:

I hope Mr. Laz, and Balsillie fight for their company so that it's not broken up and sold off for its patents. They should try to keep the company in 1 piece for the sake of their employees and customers.

Even though I'm not an investor, I would hope that the "co-CEOs" get the boot and the board looks seriously for someone (singular) to get the business on the right track.


inteller
Sociopaths always win.

join:2003-12-08
Tulsa, OK
reply to baineschile
"Wait, are we still talking about the company?!?"

I haven't been talking about this company since I sold crackberry.com to the suckers who have it now.
--
"WHEN THE LAUGH TRACK STARTS THEN THE FUN STARTS!"