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Nairaland Forum / Science/Technology / Phones / Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns (6572 Views)
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Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by mukina2: 2:04pm On Jan 23, 2012 |
Mike Lazaridis and Jim Balsillie, the co-chief executives of Research In Motion, have resigned following months of investor pressure for a change at the helm of the struggling BlackBerry maker. http://news.yahoo.com/blackberry-maker-ceos-resign-113645041.html |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Tolulop001(f): 2:18pm On Jan 23, 2012 |
when CEOs start to quit, it brings a sense of foreboding. Let those that own stock watch carefully, already lost 72 per cent in value in 12 months |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Iolo(m): 2:22pm On Jan 23, 2012 |
Nice one. THese guys should have rallied around Android, instead of going with QNX and then trying to support Android apps through their Android player, That's just beating the bush. There's nothing too special about the BBOS and they could have continued with their quality hardware products and popular software offerings running on Android. Anyways, would love to see the direction the new guy takes. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Wallie(m): 2:23pm On Jan 23, 2012 |
Can’t believe that they survived this long! How can such a company that re-invigorated or should I say invented the smart phone get it so wrong in the end? They remind me of exactly what happened to Palm devices. Innovate or die! |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by babaowo: 2:24pm On Jan 23, 2012 |
If its naija CEO's they always turn post to chieftancy. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Alexanda07(m): 2:30pm On Jan 23, 2012 |
Please Read complete info Here: NEW YORK (AFP ) – Mike Lazaridis and Jim Balsillie, the co-chief executives of Research In Motion, have resigned following months of investor pressure for a change at the helm of the struggling BlackBerry maker. Chief operating officer Thorsten Heins was named president and CEO of the Waterloo, Ontario- based RIM, which has been steadily losing market share to Apple’s iPhone and handsets powered by Google’s Android software. Heins, 54, joined RIM from German industrial giant Siemens in December 2007 and served as senior vice president for hardware engineering before becoming chief operating officer for product and sales in August 2011. “There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership,” Lazaridis said in a statement Sunday. He said RIM was “entering a new phase, and we felt it was time for a new leader to take it through that phase and beyond.” Barbara Stymiest, 55, was named chairman of the board, a post previously also held jointly by Balsillie and Lazaridis, who founded RIM in 1984. Stymiest, who has been on the RIM board since 2007, has held senior positions at the Royal Bank of Canada and was chief executive of TSX Group Inc., operator of the Toronto Stock Exchange. The management shakeup follows a series of setbacks for RIM including a costly delay in the launch of the BlackBerry 10, the commercial failure of the PlayBook tablet computer and an embarrassing email outage. RIM shares have lost nearly three- quarters of their value over the past year and the company has been the subject of persistent takeover speculation. Several large investors have been clamoring for a change at the top. While Lazaridis and Balsillie are handing over day-to -day control they are not stepping away entirely. Lazaridis, 50, was named vice chairman of its board and chairman of a new innovation committee, offering “strategic counsel” and promoting the BlackBerry brand worldwide. Balsillie, also 50, will remain a member of the board of directors. “I agree this is the right time to pass the baton to new leadership, and I have complete confidence in Thorsten, the management team and the company,” he said. Lazaridis said Heins, a native of Germany who served as chief technology officer at Siemens, has “demonstrated throughout his tenure at RIM that he has the right mix of leadership, relevant industry experience and skills to take the company forward. “I am so confident in RIM’s future that I intend to purchase an additional $50 million of the company’s shares, as permitted, in the open market,” he said. In a statement, Heins said he was confident that RIM was on the right path. “We have a strong balance sheet with approximately $1 .5 billion in cash at the end of the last quarter and negligible debt,” he said. “We reported revenue of $5 .2 billion in our last quarter, up 24 percent from the prior quarter, and a 35-percent year-to-year increase in the BlackBerry subscriber base, which is now over 75 million.” According to industry tracker comScore, however, RIM’s share of the US smartphone market declined during the three months ending in November, while Apple and Android both made gains. RIM saw its share of US smartphone subscribers fall to 16.6 percent at the end of November from 19.7 percent at the end of August, according to comScore. Android was the top smartphone platform with a 46.9 percent share of the US market at the end of November, up from 43.8 percent. Apple’s market share also rose during the period — by 1.4 percentage points to 28.7 percent. Source: www.vanguardngr .com/ 2012/01/ blackberry-ceos -resign/ |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Laajman(m): 2:46pm On Jan 23, 2012 |
About time, these guys took their eyes off the ball. Apple, Samsung and the Android folks have blown past them big time. RIM's share of the US market is down to about 6%. On the upside, RIM continues to grow in emerging economies like Nigeria and Singapore (not sure, some country where there was a stampede for blackberries recently). But the RPU of these markets don't compare to the US market. Isn't it interesting how CEOs of multinationals in advanced economies are expats? The new RIM CEO is German. Similarly, Nokia's CEO is Canadian. Where would be RIM be in 3 years? Thoughts, anyone? |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Wallie(m): 2:58pm On Jan 23, 2012 |
Laajman: 1. Dropping QNX for either Windows or Android. 2. Being acquired by Amazon, Facebook or Samsung. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by logica(m): 3:04pm On Jan 23, 2012 |
Laajman:What point are you trying to make? |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by fizokey(m): 3:09pm On Jan 23, 2012 |
For quite sometime now, RIM has been on a downward trend and at this point it seems like the company is on a stagnant stand still. Well good thing I'm disposing of my blackberry soon and switching to apple after being a loyal user for 2yrs now. They can chose to remain oblivious of time for all I care. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Mobinga: 3:21pm On Jan 23, 2012 |
Laajman: - Still being hot cake for these Nigerian kids. - Releasing[b] BlackBerry Droid[/b] 9000 [img]https://www.nairaland.com/nigeria?action=dlattach;id=518854;type=avatar[/img] |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by DualCore1: 3:27pm On Jan 23, 2012 |
There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership, Which day Seun go resign? My thoughts sha, ignore |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Mobinga: 3:30pm On Jan 23, 2012 |
The sooner people move to the Android OS, the better. iOS is pegging back Android. But regardless it still shows the Android has a major stronghold. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Revolva(m): 8:31pm On Jan 23, 2012 |
That is why i like western nations, They simly resign if the are meting short comings, and cant meet up, but here in Nigeria, Jonathan go wan sidon for office and people dey die, boko haram, and all that fuel subsidy, |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Nobody: 8:55pm On Jan 23, 2012 |
This is why I like whites. They either innovate or resign. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by logica(m): 9:57pm On Jan 23, 2012 |
Yes. They resign because they know if they don't they will face disgrace and worse consequences. Nobody feels motivated to resign when they know they face no consequences. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by FEMARY1: 10:03pm On Jan 23, 2012 |
Of what use is BB playbook.I cant see any sense in it.
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Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Macavelius(m): 10:27pm On Jan 23, 2012 |
They best thing that can ever happen to RIM. Changes is definately needed. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by prodam(m): 10:30pm On Jan 23, 2012 |
Barr. Gene: you are right!!!, |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by Nobody: 12:48am On Jan 24, 2012 |
I have always asked for changes in the BB top executives! The truth is that blackberry's been less innovative in the past several months and not embracing the mainstream demands. I think they need to increase their apps quickly and free up the browser. |
Re: Blackberry Maker RIM CEOs Mike Lazaridis And Jim Balsillie Resigns by WinkWrld: 10:56am On Jan 24, 2012 |
A MUST SEE https://www.youtube.com/watch?v=9Y4Qq-0ddFE&t=11s KINDLY TXT 525 TO 33680 AFTER VIEWING. THX |
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