“Between February 1999 and June 2008, RIM stock gained $143/share, a rise of 7,793%,” Jean-Louis Gassée writes for Monday Note.
“But… RIM lost 11.23% of its value in one session, this past Friday March 25th,” Gassée writes. “Why? As often, the answer is a combination: underlying trends + a trigger event.”
• The trigger event was RIM’s release of its latest quarterly numbers
• RIM reigned at a time when your Blackberry came with everything you needed
• RIM’s management consists of two CEOs and tree COOs
• PlayBook can’t compare favorably to the competition
Gassée writes, “No one could fault RIM for the ‘iPad surprise.’ After decades of misbegotten tablets, no one was prepared for the rise of the new genre.”
MacDailyNews Take: Alan Kay could: “Make the screen five inches by eight inches, and you’ll rule the world.” – Alan Kay to Steve Jobs, after seeing the iPhone, January 2007. Of course, Steve Jobs knew that, as the iPad was conceived before the iPhone. Plus, anyone who really listens to what Steve Jobs says should’ve had a clue long ago: “If I were running Apple, I would milk the Macintosh for all it’s worth — and get busy on the next great thing.” – Steve Jobs, February 19, 1996
Gassée continues, “Reacting quickly, not wanting Apple to gain too much of a market stronghold makes business sense. But launching what is clearly an immature product and trying to compensate for a dearth of applications with a misleading claim of compatibility with the wrong version of Android is insane. Those whom the gods would destroy, they first render mad…”
Much more in the full article – highly recommended – here.
[Thanks to MacDailyNews Reader “Deus Ex Technica” for the heads up.]