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...]