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  1.    #1  
    Hi all,

    FYI....Now I'm sure that the next big announcement from RIM is that they are looking for a buyer...this seams just they way it went with palm.


    Take care,

    Jay

    RIM marketing executive jumps ship for Samsung
    Mon Jun 20, 2011 2:21pm EDT

    RIM marketing executive jumps ship for Samsung | Reuters

    * Digital marketing chief leaves at critical time * RIM to lay off staff as profit picture clouds TORONTO, June 20 (Reuters) - Brian Wallace, who headed
    digital marketing efforts at Research In Motion (RIM.TO) (RIMM.O), has left the BlackBerry maker for a job at Samsung (005930.KS), a smartphone competitor that uses Google's (GOOG.O) Android software. The departure was first reported by trade publication Advertising Age, which said Wallace will become Samsung's vice-president of strategic marketing for the United States, working from Dallas. Reuters confirmed the exit with a source
    at RIM, while Wallace also acknowledged the move on his Twitter
    page. The change comes at a pivotal time for Waterloo, Ontario-based RIM as it works to push out new smartphones with the QNX operating system that it uses in its PlayBook tablet.The exit comes days after news of a medical leave for Chief Operating Officer Don Morrison. It also follows the departure of Keith Pardy, RIM's head of marketing, in March, just weeks
    before RIM launched the PlayBook, its answer to Apple's (AAPL.O) (AAPL.O) hugely successful iPad. RIM said last Thursday it would reduce staff numbers after posting a disappointing profit and warning its earnings would fall further due to delays launching new devices. [ID:nL3E7HH1AW] Its shares have lost half their value this year and were down 5.8 percent at $26.14 on Nasdaq on Monday afternoon, a fresh five-year low.
    (Reporting by Alastair Sharp; editing by Peter Galloway)
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  2. #2  
    That is just like people jumped ship from Palm when Palm died
    If this helped you hit thanks.
  3.    #3  
    Hi all,

    RIM is now on such shaky ground that something that would be a nothing, such as an executive leaving is now a major issue...the stock tumbled ANOTHER 7% on his leaving! RIMM is now worth HALF of what ot was worth when this year (2011) started!

    Take care,

    Jay


    RIM Defection Triggers Fresh Slide in Share Price

    By REUTERS,June 20, 2011, (Reporting by Alastair Sharp; editing by Frank McGurty)

    http://www.nytimes.com/reuters/2011/...gewanted=print

    TORONTO (Reuters) - Research In Motion lost a second marketing executive and its shares dropped 7 percent on Monday, part of a tide of bad news that has halved the BlackBerry maker's market value this year.

    Brian Wallace, who headed RIM's digital marketing efforts, has taken a job at Samsung, one of the companies that is stealing RIM's smartphone market share.

    The second departure in four months highlights the difficulties RIM is having keeping pace with innovative market leader Apple and an army of handset makers using Google's Android platform.

    More defections over the coming months are likely after RIM announced it would cut an unspecified number of jobs as it seeks to regain its stride in a smartphone race that it once dominated.

    The exit brings into sharper focus the pressure on co-CEO Jim Balsillie. He took on more promotional duties after marketing head Keith Pardy left RIM in March, just weeks before the launch of the PlayBook, RIM's disappointing challenger to Apple's hugely successful iPad.

    The PlayBook launch was criticized by many analysts who said the company rushed the tablet computer to market before it was ready.

    The company disappointed them again last week by revealing dismal quarterly results and slashing its forecast for full-year results. That prompted analysts to downgrade the stock and its shares slumped 20 percent.

    The shares fell a further 6.7 percent on Monday -- closing at $25.89 on the Nasdaq -- and have now have lost more than half their value this year.

    RIM also faces pressure to change its unusual management structure. Balsillie and co-founder Mike Lazaridis share the jobs of CEO and chairman of the board.

    Shareholders vote next month on whether the two should retain their shared roles, following a push by a disgruntled investor.

    Trade publication Advertising Age said Wallace will become Samsung's vice-president of strategic marketing for the United States, based in Dallas.

    Reuters confirmed his exit with a source at RIM, while Wallace also acknowledged the move on his Twitter page.

    The change comes at a pivotal time for Waterloo, Ontario-based RIM as it works to push out new smartphones with the QNX operating system that it uses in its PlayBook tablet.

    Last week RIM said its chief operations officer, Don Morrison, would take a medical leave of absence. He is expected to return later in the year.

    Adding to the woes, third-party Twitter client Seesmic said it would no longer support the BlackBerry platform, and would instead focus on Android, Apple's iOS and Microsoft Windows Phone 7.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  4. #4  
    The wrong people are departing. I wonder if we would see a increase in stock prices if both CEO's were replaced with one fresh body, of course it would depend on the body.
  5. #5  
    More bad news for RIM:

    http://allthingsd.com/20110620/rim-d...orse-to-worse/

    Heh, went from "couldn't get worse", to "oh ****, things just got worse".

    It's the end of an era. Blackberries are still very popular in certain regions. Perhaps if RIM had shifted focus to those regions, they would be in much better shape.

    -- Sent from my Palm Pre using Forums
  6. dv220s's Avatar
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    #6  
    Quote Originally Posted by rsanchez1 View Post
    More bad news for RIM:

    Bernstein Analyst Downgrades Research In Motion Forecast - John Paczkowski - Mobile - AllThingsD

    Heh, went from "couldn't get worse", to "oh ****, things just got worse".

    It's the end of an era. Blackberries are still very popular in certain regions. Perhaps if RIM had shifted focus to those regions, they would be in much better shape.

    -- Sent from my Palm Pre using Forums
    Their market cap is at 13.5 billion. last week it was 14.5. This is really the end of RIM
  7.    #7  
    Hi & Thank you...I agree with you...

    The Everything D column is a horrendous portrait of a firm that help invent a new segment of computing.... to end up more than likely being gobbled up by it's own market...

    I Have a few points to make.

    1. It's sad to see any firm starting to go under....just as Palm did.

    2. Most of us saw this coming before the Playbook was released, as the model before the Playbook was received with reviewers saying it was "tired", "aging hardware and software"....etc...

    3. The Playbook just like the Pre & the original version of webOS was rushed to the market place before it was ready...and promptly fell flat on it's face....

    4. One of the members of this site, PhoneDiva who I believe is a BB user pointed out, by not releasing the playbook to work with email and address books outside of BB users, doomed the playbook to fail...IMHO she is 100% right...apparently Wall St. agrees.

    5. Perhaps RIM will be rescued by a white knight, just as Palm was...so far HP buying Palm has been great for all of us who love webOS...as even if Palm fared well with webOS...they would never have been in the position that HP is...HP's sheer size and ability to put webOS on so many products will make it a hit....we just have to wait and see how much of a hit...HP can afford for webOS to catch on and Palm couldn't.

    Plus HP can market the TouchPad and webOS phones,, specifically the Pre3 to Enterprise customers, which Palm didn't have access to. HP also controls such a huge segment of the computer business from cheap netbooks to servers, blades, printers, medical diagnostic equipment...etc...

    7. For all we know HP could be the white knight....with RIMM shares in more or less a free fall in the last few weeks, sooner or later the parts of RIM will be worth more than the whole of the company... meaning BB's system of handling email more or less outside of the cell providers purview & RIM's treasure trove of patents..... who ever steps in will have to have deep pockets...even though RIMM stock price and market cap value has plunged almost 50% this year alone...that's still a great deal of money!

    Take care,

    Jay
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group

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