As RIM continues to fall behind Apple, investors call for ouster of co-CEOs

About fucking time. The people who run RIM are delusional.

Anyways Torch 2 is coming out sooner or later, probably be still a year behind everything.

TORCH 2

http://mobilesyrup.com/2011/05/30/u...video-overview/

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meh....I'm waiting for the storm 3....I never use the qwerty keyboard and I dropped this Torch a few days back...now the screen is shakey

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The dominoes are falling. Execs jumping ship, now the layoffs.

Hate hearing this about Canadian companies, but these guys had every opportunity to right their ship and for some reason, they couldn't, i'm sure there are hundreds of reasons, but i'm just not sure how they are going to recover...

http://www.thestar.com/business/com...n-waterloo?bn=1

WATERLOO — Four days after announcing it would reduce its workforce, Research In Motion started cutting jobs in Waterloo on Monday.

A number of employees received layoff notices after arriving for work. There were reports that as many as 200 employees were let go, but those numbers could not be confirmed.

Jamie Ernst, a spokesperson from RIM, said in an email Monday evening that he didn’t have any details about job cuts beyond what was announced Thursday during a conference call the company held to discuss its first-quarter financial results.

RIM said during the call that it would launch a “cost-optimization program” during the current quarter. It said it would focus on removing redundancies and reallocate resources toward the highest growth opportunities and new product introductions.

The company employs 17,500 globally, including about 9,000 in more than 25 buildings in Waterloo Region.

News of the job cuts came after RIM reported disappointing financial results. Its revenue in the three months ended May 28 fell 12 per cent to $4.9 billion US from $5.6 billion US in the same period a year ago.

Its first-quarter profits dipped to $695 million US from $769 million US in the first quarter a year ago.

The company, which has seen the market share for its BlackBerry smartphones fall as Apple and Android-powered phones make gains, also trimmed its sales forecast for the second quarter.

RIM shares closed down another six per cent Monday, closing down $1.83 at $25.41 on the Toronto Stock Exchange.

RIM shares had fell nearly 20 per cent on Friday.

Until Friday RIM shares hadn’t been below $30 on a split-adjusted basis since August 2006.

^^^
Rim's in a transition period right now. It's unfortunate but it happens. If they're smart they do a share buyback to show confidence. Their stock will keep falling this year, but Q1 2012 will hopefully see them right the ship with QNX fully rolled out.

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Serves them right for being on their high-horse with blinders. RIM will never be the company it use to be, they need a miracle if they don't want to be sold off to the lowest bidder a-la Nortel.

quote:

Originally posted by jester Serves them right for being on their high-horse with blinders. RIM will never be the company it use to be, they need a miracle if they don't want to be sold off to the lowest bidder a-la Nortel.

What's funny about this is that RIM is still exactly the company it used to be. The investor confidence concern is over their relatively new attempts to be a big player in the consumer market. They are still the leader for businesses and governments... which is what they have been all along.

With regard to the lay-offs; makes sense. They purchased a boat load of companies in the past few years; largely to bolster the development of the playbook and their next set of phones (which will launch soon). This leaves them now with a whole lot of extra staff who have no projects to work on and whos contracts are starting to expire. Makes sense to drop the dead weight no?

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quote:

Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

quote:

Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

the layoffs are no surprise. It was announced early last week that they would be laying a whole load of employees off and be hiring 'new thinkers' (that's what a statement somewhere said)

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Just imagine if they had a chance to buy a hockey team, they would have had to fire all the players

quote:

Originally posted by jester Just imagine if they had a chance to buy a hockey team, they would have had to fire all the players

If only that team was the Leafs

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Soundcloud mobile site works flawlessly with PlayBook.



Even the native play pause features of the PlayBook work on the site.

http://www.playbookdaily.com/2011/0...ndcloud-mobile/

Can't wait for soundcloud the regular site to be supported. Though this is a great first step.

my app is featured today in AppWorld for the PlayBook.. it's called 'Save the Last Drop'... and was part of a campaign on water scarcity(school project)



anyone else designed/developed an app for the PlayBook?