“Research in Motion’s two CEOs have to go,” Larry Dignan writes for ZDNet. “The company has lost investor—and increasingly customer—confidence over the last year, its latest greatest savior OS is behind schedule, the PlayBook is a disaster and RIM could be circling the porcelain rim if it isn’t careful.”
MacDailyNews Take: “Could be?” How charitable.
“Nevertheless, RIM carries on with its current management. Co-CEOs James Balsillie and Mike Lazaridis are taking $1 in salary a year,” Dignan writes. “This token gesture inspires instant cynicism. The two may only be worth $1 a year at this point. You get what you pay for.”
Dignan writes, “RIM’s earnings conference call after a disappointing fourth quarter outlook was another romp through bizarro world. In this world, RIM is always on the cusp of a massive transformation and a product home run. If you’ve been paying attention you already know the punchline. RIM strikes out more than the Phillies’ Ryan Howard in a playoff series.”
Full article, complete with Dignan’s translations of beleaguered RIM’s half-CEOs conference call utterances, here.
MacDailyNews Take: You read it here first:
RIM is a dead company walking. – MacDailyNews Take, August 23, 2010
If you got out of RIMM then and there ($47.75 at close), you’d have $34.48 more per share than if you exited right now ($13.27).
[Thanks to MacDailyNews Readers “GetMeOnTop” and “trevorteusc” for the heads up.]
Beleaguered RIM’s earnings fall 71% amid weak sales – December 16, 2011
Beleaguered RIM misses on revenue, issues grim guidance, stock drops again – December 15, 2011
Citi on beleaguered RIM: ‘It’s worse than you think’ – December 2, 2011
Beleaguered RIM misses its revenue forecast; takes $360 million bath to clear unsold PlayBooks; shares plummet – December 2, 2011
Apple ousts beleaguered RIM’s BlackBerry as top business smartphone – November 16, 2011
Beleaguered Sony shares sink on massive loss forecast – November 2, 2011
Beleaguered RIM’s U.S. sales cut in half last quarter as consumers abandoned BlackBerry for Apple iPhone – September 20, 2011
Apple’s iPhone 4 absolutely slaughtered beleaguered RIM’s Blackberry – September 16, 2011
Beleaguered RIM hemorrhaging market share faster than some analysts expected – September 16, 2011