Troubled BlackBerry maker Research In Motion faced shareholders at its annual meeting today, where it voted to keep its existing board of directors. But the company also confirmed that it's using a professional search firm to help it find more-qualified board members.
RIM Chairwoman Barbara Stymiest answered a question from RIM shareholder Vic Alboini, CEO of Jaguar Financial, asking whether RIM has hired a search firm to help it find better-qualified board members. Stymiest confirmed that the company is conducting a search.
RIM shareholders approved the 10 members of the board who were currently standing for re-election. But shareholders &… Read more
Research In Motion CEO Thorsten Heins isn't too pleased with where his company stands at the moment.
"I'm not happy with the situation at RIM either," Heins said in response to a question posed to him by CIO.com in an interview published yesterday. "Who can be happy and satisfied with where we are?"
Such discontent is understandable. Over the last year alone, the company's shares are down nearly 74 percent. The decline is due to investor concern that plummeting BlackBerry sales and major layoffs are signs that even more trouble is on … Read more
High-flying skydive stunts! Steering-wheel voice commands! Predictive search that knows your life! That was June for us, one big sneak peek of the mobile platform future, a flurry of OS features and software specs that Apple, Google, Microsoft, and RIM lobbed at us from San Francisco area events all in the same month. It was so busy around here, we CNETers dubbed the month "Junesanity."
The specs that emerged from these four events are a peek at the near future of mobile phones. In addition, the flashy presentations were designed to win developers and consumers to each company'… Read more
The bad news just keeps coming for Research In Motion.
In early trading today, the company's shares have shaved off 17 percent to land at $7.55. The trading is the first chance for investors to offer up their opinion on the company's bleak fiscal first-quarter earnings that made many wonder if the end is near.
RIM's shares ended the day down 19 percent to $7.39.
It's no secret that Research In Motion is in deep trouble. But most analysts expect the company to only further prove that point later today.
After the market closes, RIM will announce its fiscal first-quarter earnings, which consensus among Wall Street analysts pegs at a net loss of 3 cents per share on $3.1 billion in revenue. During the same period last year, RIM posted a profit of $1.33 per share on nearly $5 billion in revenue.
As one might expect, the more bearish analysts out there have been chiming in on their expectations for RIM's … Read more
With all the news about Microsoft Surface and Apple's iOS 6, you may have completely forgotten about RIM. Once it was the reigning mobile-device king, now its BlackBerry 10 software is the ailing company's last hope for survival.
I sat down with RIM Principle Architect Gary Klassen, a fancy title for Grand Poo-Bah of software design, at the BlackBerry Jam developer conference in New York. Mr. Klassen treated me to yet another sneak peek of BlackBerry 10 running on the Dev Alpha developer handset. This time, however, RIM allowed me to shoot a quick video of what I saw. … Read more
Research In Motion's former co-CEOs Jim Balsillie and Mike Lazaridis might have run into some trouble in their waning days at the company, but that didn't stop the mobile firm from giving them some serious entitlements to make their departure a bit easier to handle.
RIM yesterday filed a form 6K with the Securities and Exchange Commission (SEC), outlining how it compensated its former co-CEOs upon their ouster. According to that filing, Balsillie received $7.93 million in "entitlements" made up of about $4.8 million in cash, health and welfare plans for himself and his … Read more
According to the handful of devoted BlackBerry developers I spoke with at today's BlackBerry Jam 10 world tour event in Santa Clara, Calif., RIM proved at the BlackBerry 10 Jam in Orlando last May that the beleaguered smartphone-maker finally "gets it," and is prepared to give developers the tools they're asking for to create apps for the QNX-based BlackBerry 10 platform.
The press didn't realize the interesting stuff that was really happening, these software authors maintained, since RIM … Read more
Research In Motion had at least considered licensing BlackBerry Messenger (BBM) before its chief executive Thorsten Heins shifted focus, according to a new report.
Late last year and early into 2012, RIM's executives were drawing up plans to make BBM available for licensing to device makers and carriers, the Wall Street Journal is reporting today, citing sources. According to the publication, the platform was to be called "SMS 2.0," and would work on both Android and iOS.
To help make that push, RIM last year acquired messaging firm LiveProfile, according to the Journal's sources. The … Read more