2 more senior executives depart from RIM

2 more senior executives depart from RIM
Last week after RIM announced a $125 million loss in Q4, several executives resigned from the company. The losses included David Yach, CTO, Software for RIM, Jim Rowan, COO, Global Operations, and former co-CEO Jim Balsillie resigning from the board.

Apparently the damage toll continues to rise at the struggling company. Yesterday a spokesperson for RIM said that Alistair Mitchell, Vice President for the BlackBerry instant-messaging service, has left the company and Alan Brenner, Senior Vice President of the BlackBerry platform will depart after a transition period.

RIM has suffered a 14% loss in global smartphone market share leaving the once industry leader with only 8.2% of the market. On the financial side, RIM’s stock has fallen 77% in the past year, leaving its shares at $12.67 at the close of business yesterday.

Last week, Thorsten Heins, who has been CEO since January, said that RIM is moving its focus to business customers. He also said that RIM is weighing other options such as licensing its BlackBerry platform. Finally, he said that a sale of the company would be considered as an option, although that is not the “main direction” for RIM’s strategic review.

source: Bloomberg

FEATURED VIDEO

11 Comments

1. eaxvac

Posts: 328; Member since: Jan 15, 2012

a sinking ship.

2. ilia1986 unregistered

RIM should be renamed to RIP..

3. darktranquillity

Posts: 285; Member since: Feb 28, 2012

Its always a good idea to stop singing when the sound is good.

4. jldleo

Posts: 38; Member since: Aug 09, 2011

That picture is worth a thousand words...

5. henrickrw

Posts: 408; Member since: Sep 16, 2011

I love my 64GB Playbook & my Bold 9900... f**k the world...!!!

6. khiko

Posts: 8; Member since: Apr 07, 2012

RIM! Dont u get it? People loves update.. A free update!!! Not like what you are doing.. New OS means new set of phone!

7. remixfa

Posts: 14605; Member since: Dec 19, 2008

the sinking boat is perfect. the only thing that would make it better is if it were a million dollar yacht going down to signify their old status. So far I like this new guy. I didnt have much hope that he was more than a puppet in the dual CEO retard game, but he's really pushin things around. Get rid of all the old guard and start fresh, thats the way to do it. Especially when theyve all but burned the company down.

8. jack1059

Posts: 72; Member since: Mar 31, 2012

2012 is their make or break year in my mind. They still have a chance, if they pull their finger out, push out some phones with the new OS, get developers on board asap, and get an OS update schedule they can actually meet. Failing that, I see them being sold or going under. The fall will simply gain too much momentum after 2012 if there are no signs of a real co ordinated smartphone strategy. In the past few years its simply been too much of a gong show.

9. robinrisk unregistered

Its not a sinking boat, its a boat specially made to seem like it is. Google it since links are not working. It was built by a sculptor to mindf*ck people :P

10. TROLL.ISAHA

Posts: 535; Member since: Mar 28, 2012

Really GOOD news!

11. TROLL.ISAHA

Posts: 535; Member since: Mar 28, 2012

Good Bye BB.... Good they should all be fired... Get new.... useless good for nothing....

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.