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The Future of RIMM
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down 8-10%
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Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
Yep, selling pressure early.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
And the slide begins, 12.50 and sinking…
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Now -4%. Interesting.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Probably a combo of short covering and bottom feeders. Time to wait for the bloodbath tomorrow.
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Gregg Thurman
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The Conference Call is worse than the earnings report. My takeaway is that RIMM’s new CEO is going to be performing major surgery on RIMM, excising most, if not all, of Basillie’s and Lazaridis’ shotgun approach to combating the iPhone. Except in emerging international markets, RIMM is going to curtail (abandon?) the consumer space, in favor of enterprise customers that value their backend services.
They should have done this 4 years ago. But as the new CEO implied, this kind of restructuring/repositioning has only been going on for about 30 months. My hat is off to the new team if they can pull this off. Palm couldn’t, Motorola couldn’t, Sony-Erickson couldn’t, Hewlett/Packard couldn’t, and the jury is still out on NokiaSoft, HTC and Samsung.
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You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
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Gregg Thurman
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AH looks like this report was already baked in.
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You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
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Well I am starting to wonder if RIMM is worth a hail mary call position now. Apparently the bad news is already in the stock, and we have a CEO looking at alternatives. Just the rumour of someone sniffing around now is liable to drive the stock higher. If yesterday’s news could not drive the stock lower, than what will?
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Horace points out why RIMM is toast….
http://www.asymco.com/2012/03/30/rim-to-give-up/Signature
AAPL: to boldly go where no stock has gone before
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adamthompson32
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I am MASSIVELY shorting RIMM Monday morning. Didn’t see it was up big today until just now. What a joke. The stock will be single digits in 3-6 months.
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Good luck, AT!
I’m avoiding having anything to do with calls, puts, shares, whatever. It’s too volatile even for me.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Dead Man walking….and talking…and criticizing a Google “cesspool”.
Really, can any of this make a difference?
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http://www.theverge.com/2012/4/9/2935533/rim-cutting-sideloaded-app-playbook-android-piracy
RIM is removing the ability to sideload apps to the BlackBerry PlayBook in a future update of the OS, meaning owners will have to download and install software through BlackBerry App World. The move was announced on Twitter by the company’s VP of Developer Relations, Alec Saunders, who said he was “pretty sure” there would be a solution for developers who need to test their apps. Saunders said the reason was to prevent piracy, citing figures from an unknown source saying that over a quarter of Android apps are downloaded illegally, and calling Google Play a “chaotic cesspool.”
While BlackBerry App World doesn’t have anywhere near the volume of apps that Android enjoys, it’s apparently more profitable, and Saunders claims that there are developers who refuse to work with RIM until sideloading support is removed. Until the company has a solid, modern smartphone platform to build on, however, we’re not sure the change will amount to much.
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AAPL: to boldly go where no stock has gone before
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The ONE and only RIMM retail store in the U.S.
http://online.wsj.com/article/SB10001424052702304432704577347742443132920.htmlSignature
Tim Cook: iPad is 91% of all tablet web traffic. I don’t know what these other tablets are doing.
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RIM?s chief legal officer joins parade of executive
Published Monday, May. 28, 2012 2:18PM EDTResearch In Motion Ltd. (RIM-T11.390.050.44%)?s top lawyer has resigned ? the latest in a string of high-profile changes atop Canada?s technology giant.
Chief legal officer Karima Bawa is leaving RIM after 12 years with the Waterloo, Ont.-based company. Her departure comes just days after RIM?s head of global sales, Patrick Spence, stepped
The latest executive departure comes as the company is believed to be readying for a wider round of downsizing. It also marks a shift in the way RIM chief executive officer Thorsten Heins, who took over the top job just five months ago, is reorganizing the BlackBerry maker.Shortly after taking over from co-CEOs Mike Lazaridis and Jim Balsillie, Mr. Heins indicated he did not see a need to dramatically change RIM?s overall strategy.
But as the extent of the company?s misfortunes became clear over the past few months, Mr. Heins has clearly changed course. At the same time, RIM has seen the departure of a number of its top executives who were hired by the former CEOs.
In a statement Monday, RIM said Ms. Bawa is retiring from the company.
?Ms. Bawa has been in discussions with the company about her retirement for some time, and plans to stay on and support the hiring and transition to a new chief legal officer once a replacement has been named,? the company said.
Earlier this month, RIM shook up its senior ranks with two major hiring announcements ? a new chief operating officer (Kristian Tear) and a new chief marketing officer (Frank Boulben). Both were outside hires, rather than promotions from within.
The company had faced criticism for not having a stable presence in the CMO?s office at a time when it was struggling to promote its BlackBerry smartphone line against a slew of competition from Apple Inc. and others.
As its North American market share ? and its share price ? continues to slide, RIM has been forced to cut jobs in many parts of its operation.
The first major round came last summer, when the RIM announced it would cut some 2,000 jobs, or about 10 per cent of its global work force at the time. This summer may mark another round, as the company tries to achieve its goal of about $1-billion by the end of its 2013 fiscal year.
But RIM?s primary challenge remains the launch of BlackBerry 10, its new line of smartphones due out later this year.
Running on an operating system similar to that found on the company?s PlayBook tablet, the next-generation phones may mark RIM?s last chance to regain its position as a leader in the North American smartphone market.
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Gregg Thurman
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How much are its patents worth? The sharks must be circling in ever tighter concentric circles now…
More than its MktCap.
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You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
