Shattered RIM, Blackberry Teeters on Its Hinges

Shattered RIM

RIM recently reported a net loss of $0.37 per share, sales decline of 42%, the layoff of 5,000 employees before EOY, and a delay of Blackberry OS 10.  The company lost $518MM and shipped 41% fewer devices.  If you ask RIM, better days are just on the horizon, but I think we've all heard this story again, and again.  However, with no viable strategy for the future - its only a matter of time until the whole thing comes down tumbling down. … [Read more...]

RIM Admits Its Users Want Android and Apple after Gene Munster Bankruptcy Prediction

BlackBerry Bankruptcy

  Why is RIM's stock down 8% today; oh yea, because Blackberry executive staff admitted that their core customers, in fact, want iPhones and Android devices.  This all comes after Mobile Analyst Gene Munster predicted that RIM would be Bankrupt sooner rather than later.  Its always been a story of too little, too late for RIM and this time - the Grimm Reaper looks a lot like Gene Munster... … [Read more...]