Uh oh. More bad news for BB? Plastic Mobile ponders RIM’s future…
by Sarah Plummer on 24th January 2012
This week RIM announced that CEOs Jim Balsillie and Mike Lazaridis will step down from their positions, though they will maintain majority of their shares and stay on as board members.
Thorsten Heins will take on the daunting role as RIM’s new CEO. In spite of seriously declining share prices, Heins has signalled that he will largely stay the course set by Balsillie and Lazaridis.
In a Star interview, Heins notes that RIM is still a solid financial performer and that it is the number one smartphone in many countries outside of the US. He goes on to say the their problem isn’t technology, it is in their communications and that is where they need to focus their efforts. “The perception just doesn’t match the reality,” Heins told the Star. “We’ve got $1.5 billion in the bank, and virtually no debt. We’ve also got a 75 million subscriber base.”
Regardless of this assurance, shares dropped even further after the announcement of the RIM pioneers’ resignation. Ugh. Sorry RIM, we can’t help but think the future looks grim.
What do you think? Will Heins be able to pull RIM out of its US despair? Tweet us with your thoughts @plasticmobile.
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