I can just imagine the PR people at Research in Motion wincing today when CEO Thorsten Heins made this comment in an interview in Canada on CBC News’ Metro Morning. “There’s nothing wrong with the company as it exists right now,” he said adding that “this company is not ignoring the world out there, nor is it in a death spiral.” Many investors disagree: RIM’s U.S. shares are down 49% in 2012 — and nearly 75% for the last 12 months — as Blackberry loses market share to Apple’s iPhone and phones powered by Google’s Android operating system. Heins announced last week that he plans to lay off 5,000 employees and delay the Blackberry 10 operating system update to early 2013. Heins acknowledges that RIM “is very, very challenged at the moment — specifically in the U.S. market. The way I would describe it: we’re in the middle of a transition…and I’m positive we will emerge successfully from that transition.” Another RIM exec, Global Sales EVP Rick Costanzo, told the Financial Post today that “I would say a couple of very specific points to the guys who are actually calling for our demise: US$2 billion in the bank and zero debt…We continue to grow net cumulative subscribers — does that sound like a company in demise?”


Well, it probably seems like it’s in a death spiral from his point of view.
I wouldn’t be surprised if inside 5 years, Apple, Google or Microsoft buys them.
It’s over.They can’t compete anymore.Dear god…what will the nightclub promoters and doormen wield now?!
Well, THAT’S always a headline that bodes well for a company.
You can’t be in a death spiral when you’re already dead.
what spiral ? they’re already dead
I love my BBerry, but I gotta admit, it’s not lookin’ good for RIM!! The stockholders voted last year to pay both CEO’s $1! That’s right…. One dollar!!!!! Each!!!! iPhone……….I’ll see u soon!!!
Clearly those digging early graves don’t remember when Apple was trading as junk, only a little over 15 years ago. It was core users in the design and entertainment businesses that kept them alive. BlackBerry has that core base, i.e., business people who need a device that does business quickly and efficiently, not an portable amusement park.
This is where you’re wrong. Business people held on as long as they could until they no longer were able to keep up with the marketplace, which is Blackberry’s main problem. They are always 5 steps behind. Everyone at my place of business has converted over the past 15 months.
Blackberry is the Blockbuster of mobile phones.
Blackberry may as well change their name to Pong
Go into your companies, business, and financial communities and you will find blackberries everywhere. I cannot function without my BB. It offers the best most effecient email and text services of any phone. However, it is a flawed device and RIM needs to correct the BB issues quickly as not to continue to lose the fringe customers.
I have zero interest in an iphone. I work–I don’t have time to play with my apps. When I do have time…I will utilize my laptop or my ipad.
TIM’s biggest problem is they either rush to get a product out and it doesn’t meet expectation, such as the Playbook, or they hype something set a release date and then keep delaying it to the point that either no one cares anymore or Apple, Google or Microsoft already trumped what RIM was going to do. Their OS is notoriously hard to program for as well. It’s little surprise there is talk Samsung is looking to buy them. RIM should have learned from Motorola and Nokia before them.
He’s only saying that they’re not in a death spiral to keep the company’s value steady (since they recently brought in a couple banks to review their options… ie: sell off BlackBerry). BlackBerry has continually been closed-minded and soon started being behind the competition.
When they finally launch it (BB10), Apple will have the oldest OS of the bunch. better RIM should get it right and suffer the storms of the ever fickle North American media in the meantime. Lord knows “Rescued from the Jaws of Death” could give everyone happy dances for weeks next spring.
However, a quote like that is headline material for anyone.