[BRAH]

BlackBerry delay darkens RIM's future
(Reuters) - A months-long delay in Research in Motion's new BlackBerrys and a dreary quarterly report sent RIM shares tumbling again on Friday and pushed some analysts to sound the death knell for the mobile device that once defined the industry.

RIM's announcement late Thursday that it expected to launch smartphones powered by its new QNX operating system months after initially expected revived calls for the ouster of RIM's co-CEOs Mike Lazaridis and Jim Balsillie.

http://www.reuters.com/article/2011/12/17/us-rim-idUSTRE7BD1ST20111217
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RIM needs a Steve Jobs someone who knew how to think outside the box.

[jeff744]

Are these the same analysts that claimed the days of desktops were limited when laptops came out? RIM holds onto the business and government market too strongly for almost any other group to enter. RIM needs to keep those clients before trying to dumb it down enough for the rest to use it.

[Mr_Canada]

The unusual mass focus on the failures of RIM is certainly not helping it's business

[jeff744]

Mr_Canada wrote:

The unusual mass focus on the failures of RIM is certainly not helping it's business

Media wants to sell papers, eventually the police will get caught on camera doing their job and the media will go back after them again. I would love for reporters to be held to the same standards as everyone else.

[Scape]

RIM really shit the bed on this. They were stagnate already and needed to break into the home market to generate growth because the business end had already peaked for them and the stockholders require a constant state of growth or they move their investment elsewhere. Under this pressure BB launched the playbook and also tried to make BB os a clone of IOS/Android when they really should have played to their strengths. They ended up diluting the quality of their brand and undermining the one thing that makes BB a leader, security. All these new 'advancements' only ended up making their core servers clogged with traffic that inevitably led to a crash on the email, the BB goose that lays the golden eggs. If people can't use BB for email then they are toast because everything else they do is substandard to what is already out in circulation. All these half-baked excursions has only led people to doubt the brand and the future of BB. It's not just the private market that is looking to abandon BB outright, large firms are only as loyal if the headache to switch is more then the headache to maintain.

[Thanos]

Then again Gary Bettman may have know something about Jim Balsillie that the rest of us didn't when he went out of his way to ensure that Balsillie never got his hands on an NHL franchise. If Balsillie had moved a team to Hamiliton or Toronto it appears, if RIM's failure is imminent, that the league would have ended up bailing out another franchise on the brink of financial failure. It looks like the alleged "dead-man-walking" Coyotes in Phoenix with their ever-changing ownership saga will still be around somewhat longer than RIM and it's CEO will.

[Bruce_the_vii]

Unfortunately my stockbroker is, or rather was, a BlackBerry fan. I'll take a small hit but it's his main mistake so far. I was dubious when he made the purchase because the poll was BlackBerry users were recommending Apple. In the end it's tablets and such that got them.

[jeff744]

If I had the money I'd be dumping it into RIM, good time to buy them cheap and in a few years Apple will be abysmal again.

[Lemmy]

Hold on to your money, jeff. "Dumping" would be a good verb for investing in RIM right now. The only way to make money on RIM, at this point, is to play chicken on how far it will fall. Shares closed Friday at $13.44. They were at $40 six months ago and $70 last February. When the share price noses into single digits I'm exercising my put options and buying a new fishing boat.

[ShepherdsDog]

I don't know. I shifted some of the profits from my precious metals over to purchasing some more shares in RIM. Not a a lot, only 15 %.

[Lemmy]

Well, they're definitely discounted, Shep, but I learned my lesson on Nokia: Apple rules this market.

[Tricks]

Lemmy wrote:

Well, they're definitely discounted, Shep, but I learned my lesson on Nokia: Apple rules this market.

Not if samsung continues the way it is. Not for long.

[jeff744]

Lemmy wrote:

Hold on to your money, jeff. "Dumping" would be a good verb for investing in RIM right now. The only way to make money on RIM, at this point, is to play chicken on how far it will fall. Shares closed Friday at $13.44. They were at $40 six months ago and $70 last February. When the share price noses into single digits I'm exercising my put options and buying a new fishing boat.

And amazingly that is about how long the media has been reporting every time their CEO sneezed as a sign they were going to go bankrupt. RIM is not going out of business and when their next OS and phones come out they will recover.

[Lemmy]

Maybe. That's what some people said about Nokia too. They all lost their shirts. I like my shirts.

[Tricks]

Lemmy wrote:

Maybe. That's what some people said about Nokia too. They all lost their shirts. I like my shirts.

Samsung is also bigger than Nokia. They got their hands in fucking everything. Plus an ally of google is always a plus.