Inexplicable optimism: RIM CEO could get sued for misrepresenting reality
You already know about the rosy future of RIM and BlackBerry, don’t you? No, are you surprised? Everyone seemed at least a little bit surprised at the perfect fantasy world painted by the RIM chief executive Thorsten Heins. Inexplicable optimism would be putting it mildly, and delusional was the more common descriptor about the CEO’s statement that there is “nothing wrong with the company as it exists right now.”
Paired with the delayed launch of the first BlackBerry 10 devices, the statement comes close to misrepresenting reality on purpose. And according to “several securities law experts and some investors” polled by the New York Times, a lawsuit could be coming.
Ex Apple product division head, Jean-Louis Gassée, also agreed about RIM’s rosy picture of reality: “They’re going to get sued and they should get sued because I think a closer look at the record is likely to unearth knowing and willful misrepresentation. When the CEO. says there’s nothing wrong with the company as it is, it’s not cautious, it doesn’t make sense.”
RIM’s chief executive Heins explains that his optimism comes from being in the kitchen of the BlackBerry maker and seeing what’s cooking there. Time will tell, but it seems that presently, there’s little evidence to support Heins’s optimism.
1. steelicon (Posts: 313; Member since: 02 Apr 2011)
At least in THIS company called RIM they stuck to their in house OS. And they dared to sue the CEO. For NOKIA, it's all accolades for the incompetent CEO who killed all in house OS in favor of an outsider OS. One more good thing about RIM over NOKIA this time.
6. neutralguy (Posts: 1152; Member since: 30 Apr 2012)
News flash: RIM's CEO got sued because of his optimism.
Anyways, good comment. RIM being stuck to their own OS is just awesome. Showing how confident they are with their own OS.
7. D.Aceveda (Posts: 366; Member since: 30 Jun 2012)
I'm gonna have to disagree. What does sticking to your own OS prove? Pride? They are in the business of phones and that means selling phones however necessary. iOS and Android took off and they didn't do much to stay relevant so yeah good for them they had enough pride to stick with their own OS but look what OS's are popular and what aren't.....
9. neutralguy (Posts: 1152; Member since: 30 Apr 2012)
it proves history and confidence. But the downside is, it's been left behind, way behind others.
13. downphoenix (Posts: 2416; Member since: 19 Jun 2010)
This. And its clear that Thornton is at least TRYING to get the company in the right direction, Elop is making his company march down the stream with the current, Thornton is at least trying to fight the current, though its pretty strong and may end up washing them down anywa.
2. andrew1953 (Posts: 176; Member since: 13 Nov 2011)
Absolutely agree! Less than 6 months into my N9 MeeGo contract,bang they pull the plug. Thorsten Hines isn't the man who should be getting sued.
3. rob5150 (Posts: 130; Member since: 31 Oct 2011)
i do believe that it was stated that elop said nokia was going all in on windows phone before the n9 was released. that they went ahead and released the n9 because it was already finished and the loyal fans of the n900 and maemo really wanted it
4. Glim12808 (Posts: 393; Member since: 26 Oct 2011)
This Gassée guy left Apple in 1990 so he has no expertise in the present modern operations of Apple and its products so I would not take his words as gospel-truth... just saying.
5. prophet (Posts: 10; Member since: 15 Jul 2010)
Except he wasn't talking about the present modern operations of Apple or its products. He was giving his point of view on the RIM situation as an onlooker, not an insider...just saying
8. ibap (Posts: 711; Member since: 09 Sep 2009)
Are they going to start to sue weather reporters over weather reports? Too many lawyers.
It is a shame what has happened to RIM, but they are themselves largely to blame. Kind of like Kodak screwing up what could have been their place in digital photography. If they can pull off a fix, more power to them.
11. thinking (Posts: 130; Member since: 19 Jan 2012)
Suing in this case would be an overkill.
He has not misrepresented facts (as in figures). He has expressed optimism, which one may disagree with. A CEO really ought to believe his company can do things. I don't see why else he should be CEO.
12. steelicon (Posts: 313; Member since: 02 Apr 2011)
That is why I said this RIM CEO is better than the NOKIA CEO. The NOKIA CEO further damaged the credibility of his VERY OWN company by having no confidence of their existing products. AND furthermore, in a very ironic and idiotic arrogance, proceeded to announce the launch of 150 Million devices of the said product line using the said undesirable mobile OS.
Then after millions of US Dollars and man hours, pulls the plug on the next mobile OS for the emerging markets and entry level devices. No other modern mobile OS is set in place to replace it anytime soon. Cannot compete with entry level Android devices in terms of price to performance ratio.
Killed off the mid range mobile OS that has been in house for more than 14 years.
After spending millions of US Dollars, killed off the mid to high range mobile OS that has been in development.
All in favor of an alien OS which has lost all relevance in terms of usage, ecosystem and features. NOKIA has been reduced to an empty shell, a puppet on the whims of the new master. Almost all of the old guards from Symbian and MeeGo have migrated to Android, probably primarily not because by choice, but because by the lack of it.
Really, what an arrogant idiot. Who will save NOKIA from this monstrosity? Quo vadis, NOKIA?
14. xtroid2k (Posts: 466; Member since: 11 Jan 2010)
Its the CEOs job to make his company look good. Everyone knows where RIM stands. I really admire RIMs desire to fight. I hope the final product is a result of the CEO optimism. But going as far as saying there is nothing wrong with the company is worrysom but this exactly what rim needs. They need an aggressive leader not afraid to take risks, remember sprint before Dan.