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Old 03-29-2012, 06:05 PM   #1 (permalink)
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Default Jim Balsillie resigns from RIM's board

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Two other execs resign. Stock down 7% in after hours trading.

Bet the bars in Waterloo will be active tonight.

End of an era.
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Old 03-29-2012, 06:27 PM   #2 (permalink)
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Default Re: Jim Balsillie resigns from RIM's board

http://mashable.com/2012/03/29/rim-refocus-enterprise/

And to those who are still trying to defend the PlayBook... this statement alone pretty much sums up its failure:
"RIM sold about 500,000 PlayBook tablets last quarter, or about the same number of iPads Apple sold in the first 12 hours after the launch of the new model. Heins remained bullish on the tablet, though, saying RIM had moved 1 million PlayBooks to date"
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Old 03-29-2012, 06:30 PM   #3 (permalink)
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Default Re: Jim Balsillie resigns from RIM's board

And a write off on unsold BB 7 devices.
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Old 03-30-2012, 08:50 AM   #4 (permalink)
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Default Re: Jim Balsillie resigns from RIM's board

Cooper should be able to get us some more details from the bars this weekend, but I think Mr. Heins is finally having his eyes opened. Maybe one more quarter of dismal sales will get him right.
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