“Research In Motion Ltd’s new CEO vowed on Tuesday to turn around the embattled company with the new generation of BlackBerry devices coming next year, saying he would transform RIM into a ‘lean, mean, hunting machine,'” Alastair Sharp reports for Reuters.
“But Thorsten Heins, presiding over his first annual meeting since taking the helm, offered little to disgruntled shareholders beyond his faith in the power of the BlackBerry 10 line to reverse RIM’s fortunes. Its battered stock fell another 5 percent after he spoke,” Sharp reports. “‘There was no mention of a sale of the company, no mention of a breakup of the company, and again, our big, big concern is if the BB10s are a dud,’ said Vic Alboini, chief executive of Jaguar Financial and a long-time RIM critic. ‘Where are we then?'”
MacDailyNews Take: Same place RIM’s been since Steve Jobs pulled the original iPhone from his pocket: Dead Company Walking.
Sharp reports, “After a year that wiped out nearly 80 percent of RIM’s value, Heins acknowledged the frustration of shareholders with his decision to delay the launch of the new phones until after the crucial holiday shopping season… Things will probably get worse before they get better. Heins conceded that RIM would likely suffer lower average selling prices and declining service revenue this year as it pushes to sell existing BlackBerry devices.”
Read more in the full article here.
MacDailyNews Take: Like Balmy, Thorsten’s slipped more than one gear, too. We love when they make over-the-top Palm-eque baseless proclamations! The only machine RIM’s going to be is a bankrupt one if they don’t soon find a sucker to haul away the mess.
And, now (of course we must) without further ado: