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  1.    #1  
    Hi all,

    I'm not exactly crying for them...RIM's problems are of their own making....they were foolish enough to step into the same quicksand that bogged down Palm....in addition the Playbook is 1/2 a product, BB users on this site and BB users I know in person feel no love for the Playbook....if they don't want the Playbook why should non BB owners??

    I am however sadden to see RIM who like Palm invented a business now to see the business devourer them. I also feel for the average Joe & Joan who will get laid off when in actuality both CEO's should have gotten the boot weeks ago......just the fact that one of the two CEO's had a hissy fit/meltdown on TV that played all over the web should have been enough to force him out within minutes of it happening.

    The worst part is that if this continues some financial bloodsucking ghoul like Carl Icahn will step in and gut what's left of RIM.

    Take care,

    Jay

    RIM chiefs no longer billionaires thanks to plummeting RIM stock

    By: Zach Epstein | Jun 23rd, 2011 at 06:01PM

    RIM chiefs no longer billionaires thanks to plummeting RIM stock


    RIM chiefs no longer billionaires thanks to plummeting RIM stock
    By: Zach Epstein | Jun 23rd, 2011 at 06:01PM View Comments Filed Under: Business


    Shares of RIM stock have taken a beating since the company announced devastating first-quarter earnings last Thursday. The Waterloo, Ontario-based BlackBerry maker missed Wall Streetís first-quarter consensus, it lowered its full-year guidance, it announced workforce reductions, it confirmed product delays and investors went running for the door as did a top executive. Since the earnings release last week, RIMís stock has fallen more than 25%. This is bad news for every RIM investor, but two in particular must be especially upset. RIM Co-CEOs Mike Lazaridis and Jim Balsillie collectively own more than 10% of the company, a stake that helped each man achieve billionaire status. Last year, Lazaridis was ranked the worldís 651st richest man by Forbes with a net worth of $1.9 billion, and Balsillie was No. 692 on the list with a net worth of $1.8 billion. Fast forward to today, and neither man can call himself a billionaire any longer. The cheifsí stake in the company is still worth more than $1 billion combined, but separately, their net worths are now just roughly $800 million a piece. We doubt the employees set to be laid off in the coming weeks and months will shed any tears for the Co-CEOsí loss, but itís just another piece of a puzzle that continues to fall apart. Some analysts believe RIM is hardly out for the count, however, and we agree that the company has a bit of fight left in it. If Balsillie and Lazaridis hope to rejoin the billionaire club, itís time to put those gloves on and start swinging.
    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  
    As it should be. You lead, You fail, You loose.

    "You smell that? Do you smell that? Napalm (RIM), son. Nothing else in the world smells like that. I love the smell of napalm (RIM) in the morning." LOL
    Last edited by sinsin07; 06/23/2011 at 08:03 PM.

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