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RIM finally grabs ahold of its future, dumps its past... sorta

The writing has been on the wall for months, but the co-CEO's of Research in Motion (RIM) are getting the boot. Jim Balsillie and Mike Lazaridis have shared power at RIM for over twenty years and oversaw the company's dominance at the start of the smartphone revolution. In their place will be a new, solitary President and CEO: 54-year-old Thorsten Heins.


RIM's new CEO, Thorsten Heins, pictured on the left [Source: Getty Images]
 
Heins joined RIM in 2007 and was previously the Waterloo, Ontario-based company's Chief Operating Officer. Before landing at RIM, Heins' most prominent role was a Chief Technology Officer for the communications division of Siemens.

I. Rearranging the Deck Chairs?
 
For those expecting a big change for RIM now that someone new is in the driver’s seat, you’ll likely be disappointed. According to The Globe and Mail, Heins has been groomed by both Balsillie and Lazaridis over the past few years to slide into the role as CEO; so it’s not like the company is getting an injection of fresh blood.
 
Lazaridis and Balsillie, who both will remain on RIM's board, had kind words for their protégé. “There comes a time in the growth of every successful company when the founders recognize the need to pass the baton to new leadership,” said Lazaridis. “Jim and I went to the Board and told them that we thought that time was now.”
 
“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,” added Balsillie. “I remain a significant shareholder and a Director and, of course, they will have my full support.”

 
In addition, Heins has no plans to change RIM’s current course when it comes to its product development. “There’s no need for me to shake this company up or turn it upside down,” said Heins. “We are not at a point where we try to define a strategy, that’s done.”
 
Heins went on to tout RIM’s upcoming PlayBook 2.0 software and the delayed Blackberry 10 operating system. “BlackBerry 7 has been well received.  We are very excited about PlayBook 2.0 and BlackBerry 10.  The reception of our products at this year’s Consumer Electronics Show was encouraging.
 
“RIM earned its reputation by focusing relentlessly on the customer and delivering unique mobile communications solutions. We intend to build on this heritage to expand BlackBerry’s leadership position.”

II. From Prized Jewel to Falling Star 

Blackberry smartphones were the prized possessions of businessmen/businesswomen (and consumers) -- the smartphones were even lovingly referred to as Crackberries.

Former RIM Co-CEOs Jim Balsillie and Mike Lazaridis 

However, the company was not agile enough to stay ahead of the game when new competitors entered the fray; especially once Apple's iPhone hit the market in 2007. What once was a small Chihuahua nipping at the heels of RIM in the beginning turned into a snarling pit bull once the full onslaught of Android-based smartphones started flooding the market.
 
When it comes to its current U.S. market share, things look bleak for RIM. According to Nielsen, Android smartphones have 46.3 percent of the market, while Apple's iPhone family has 30 percent market share. RIM has fallen from its commanding lead in the sector just a few short years ago to a meager 14.9 percent.


 
The numbers are even more sobering when you look at a three-month snapshot of smartphone sales. Those number shows that 51.7 recent smartphone acquirers went for Android devices, 37 percent flocked to iPhones, and just 6 percent crawled to RIM's Blackberries.

Sources: The Wall Street Journal, RIM, The Globe and Mail



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RE: It's about time
By Pirks on 1/22/2012 11:33:05 PM , Rating: 2
Guess LordSojar will never change from dumb to smarter, 'cause I never complained about the lack of RIM stories per se on this site. When you stop being dumb - drop by, have a chat eh


RE: It's about time
By Cheesew1z69 on 1/23/2012 10:13:01 AM , Rating: 1
quote:
When you stop being dumb
LOLOLOLOLOLOLOLOLOLOLOLOLOL

Oh, the irony.


RE: It's about time
By LordSojar on 1/23/2012 1:14:58 PM , Rating: 2
quote:
cause I never complained about the lack of RIM stories per se on this site.


Just as one example, I didn't bother to dig for the others:

quote:
he ignores any good stuff people post about upcoming PlayBook OS 2.0 release, he ignores all the new BB7 devices but full screen Torch one, pretending two other major new models like Bold 99xx do not exist etc etc. What do you think about this suspicious bias from Mick?


Yep, that was you back in September of 2011. There was another example of this, where you mentioned how no one covered how Dead Space or some random game on BB didn't get noticed, blah blah ad nauseum.

Your faith in RIM disturbs me and is misplaced. RIM's finished, but you apparently have reading comprehension issues; the writing has been on the wall for many months.


RE: It's about time
By Pirks on 1/23/2012 4:21:48 PM , Rating: 2
So you still didn't notice that I demanded OBJECTIVE view of RIM, which means covering BOTH positive AND negative news? Not just MORE NEGATIVE news like Jason Troll posts here all the time? Well, you must be really dumb then. I thought my point was crystal clear.


RE: It's about time
By LordSojar on 1/23/2012 7:52:02 PM , Rating: 2
Clear as mud.


RE: It's about time
By Cheesew1z69 on 1/24/2012 8:48:58 PM , Rating: 2
I don't know why anyone bothers responding to him anymore, he is clearly mentally challenged.


RE: It's about time
By Pirks on 1/24/2012 8:55:36 PM , Rating: 2
Gee cheesy clown just can't stop farting here. Please cheesy don't forget to deodorize the air after yourself, thank you!


RE: It's about time
By Cheesew1z69 on 1/29/2012 10:15:50 AM , Rating: 2
What this has to do with your mental capacity, I don't....never mind, it actually shows your true mental capacity which is pretty low.


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