RIM going through restructuring woes
Results 1 to 6 of 6

Thread: RIM going through restructuring woes

  1. #1
    rngeek1966 is offline BlackBerryOS Enthusiast Follow rngeek1966 On Twitter Add rngeek1966 on Facebook Add rngeek1966 on Google+ Add rngeek1966 on Linkedin Visit rngeek1966's Youtube Channel
    Join Date
    May 2012
    Location
    Wagram, NC
    PIN
    333DD648
    Device
    Z10
    OS
    10.2.1.1055
    Carrier
    Verizon Wireless
    Posts
    62
    Liked
    10 times

    RIM going through restructuring woes

    Market speculators are the Bain of any corporation and can affect the way investors put their money to work and grow their money. Changes within the ranks of RIM have recently been playing havoc with the stock prices.

    TOP NEWS
    BlackBerry stock falls after sales chief resigns
    Thu, May 24 11:30 AM EDT
    By Alastair Sharp

    TORONTO (Reuters) - Shares in Research In Motion Ltd fell more than 3 percent on Thursday morning after the BlackBerry maker said its global sales chief had resigned.

    The resignation of Patrick Spence, a 14-year RIM veteran, comes as the Canadian company struggles to sell legacy products and prepares for the make-or-break launch of its new smartphone later this year.

    London-based Spence had risen steadily through RIM's ranks and was widely credited with building strong sales growth in the Middle East and other emerging markets.

    "Losing Patrick is undoubtedly a blow to RIM and he is a significant loss to the European operation," said Ben Wood, head of research at CCS Insight. "He was a well-liked and committed BlackBerry advocate who was highly regarded both inside and outside the business."

    RIM did not name a replacement or say where Spence was going when it made the announcement late on Wednesday.

    Spence was pivotal to the global launch of a range of BlackBerry 7 devices last year and had worked to decentralize RIM's sales planning so it fit better with regional needs.

    His sudden departure was not a shock to some analysts, who said his close ties to RIM's former co-Chief Executive Jim Balsillie may have left him isolated after Balsillie quit earlier this year over a major strategy disagreement.

    "Spence was a Balsillie protégé so his departure isn't a surprise altogether," said IDC analyst Kevin Restivo. "But his departure is still a punch in the stomach to RIM faithful as he helped the company rise to prominence in key markets such as the UK and the Gulf states."

    New CEO Thorsten Heins moved quickly to put his stamp on the company after he took over in January from Balsillie, who had focused on sales, and founder Mike Lazaridis, who led product development.

    Heins filled a long vacant chief marketing job earlier this month and also named Kristian Tear as chief operating officer. Being passed over for that job may have influenced Spence's decision to leave, the Globe and Mail newspaper said, citing a source close to the company.

    The departure creates a void in sales as RIM struggles to sell existing devices seen as lagging those of industry leaders Apple and Samsung, while at the same time working on a major transition of its smartphone lineup to the operating system first used in its poor-selling PlayBook tablet.

    The stock was down 3 percent at $10.75 at mid-morning on the Nasdaq. It has lost three-quarters of its value in the past year and languishes at prices last seen in December 2003, when its annual sales were seven times smaller than its last quarterly revenue tally.

    (Reporting by Alastair Sharp; Editing by Peter Galloway




  2. #2
    newshutr's Avatar
    newshutr is offline Senior Editor Follow newshutr On Twitter
    Join Date
    Jul 2009
    Location
    Cleveland, OH
    PIN
    3353B697
    Device
    BlackBerry Z30
    OS
    10.3.0.296
    Carrier
    Verizon
    Posts
    755
    Liked
    18 times
    Things will settle soon and start to climb slowly. Look for it to climb as more news about BlackBerry 10 and the new model phone to come out.

  3. #3
    grimreaper's Avatar
    grimreaper is offline BlackBerryOS Champion
    Join Date
    Feb 2011
    Location
    T-Dot, ON
    PIN
    ask me
    Device
    9900+9380+Alpha
    OS
    7.1.0.714 [Leak]
    Carrier
    Koodo
    Posts
    1,635
    Liked
    498 times
    Quote Originally Posted by newshutr View Post
    Things will settle soon and start to climb slowly. Look for it to climb as more news about BlackBerry 10 and the new model phone to come out.
    Every company will have its greatest moments, and their toughest times, and where RIM will show the world is when BlackBerry 10 is released to the public later this year.

    Their stock will climb ten fold when the markets realize that RIM is back, stronger than ever, and ready to show the world they are far from over.

    Thank you.

  4. #4
    ice2921's Avatar
    ice2921 is offline BlackBerryOS Grand Master Follow ice2921 On Twitter
    Join Date
    Sep 2010
    Location
    USA
    Device
    Z10
    OS
    10.0.10.684
    Carrier
    AT&T
    Posts
    2,544
    Liked
    754 times
    Quote Originally Posted by rngeek1966 View Post
    Market speculators are the Bain of any corporation and can affect the way investors put their money to work and grow their money. Changes within the ranks of RIM have recently been playing havoc with the stock prices.

    TOP NEWS
    BlackBerry stock falls after sales chief resigns
    Thu, May 24 11:30 AM EDT
    By Alastair Sharp

    TORONTO (Reuters) - Shares in Research In Motion Ltd fell more than 3 percent on Thursday morning after the BlackBerry maker said its global sales chief had resigned.

    The resignation of Patrick Spence, a 14-year RIM veteran, comes as the Canadian company struggles to sell legacy products and prepares for the make-or-break launch of its new smartphone later this year.

    London-based Spence had risen steadily through RIM's ranks and was widely credited with building strong sales growth in the Middle East and other emerging markets.

    "Losing Patrick is undoubtedly a blow to RIM and he is a significant loss to the European operation," said Ben Wood, head of research at CCS Insight. "He was a well-liked and committed BlackBerry advocate who was highly regarded both inside and outside the business."

    RIM did not name a replacement or say where Spence was going when it made the announcement late on Wednesday.

    Spence was pivotal to the global launch of a range of BlackBerry 7 devices last year and had worked to decentralize RIM's sales planning so it fit better with regional needs.

    His sudden departure was not a shock to some analysts, who said his close ties to RIM's former co-Chief Executive Jim Balsillie may have left him isolated after Balsillie quit earlier this year over a major strategy disagreement.

    "Spence was a Balsillie protégé so his departure isn't a surprise altogether," said IDC analyst Kevin Restivo. "But his departure is still a punch in the stomach to RIM faithful as he helped the company rise to prominence in key markets such as the UK and the Gulf states."

    New CEO Thorsten Heins moved quickly to put his stamp on the company after he took over in January from Balsillie, who had focused on sales, and founder Mike Lazaridis, who led product development.

    Heins filled a long vacant chief marketing job earlier this month and also named Kristian Tear as chief operating officer. Being passed over for that job may have influenced Spence's decision to leave, the Globe and Mail newspaper said, citing a source close to the company.

    The departure creates a void in sales as RIM struggles to sell existing devices seen as lagging those of industry leaders Apple and Samsung, while at the same time working on a major transition of its smartphone lineup to the operating system first used in its poor-selling PlayBook tablet.

    The stock was down 3 percent at $10.75 at mid-morning on the Nasdaq. It has lost three-quarters of its value in the past year and languishes at prices last seen in December 2003, when its annual sales were seven times smaller than its last quarterly revenue tally.

    (Reporting by Alastair Sharp; Editing by Peter Galloway
    Thanks for the share. This is actually more serious that most people think.

  5. #5
    ToraxCefiro's Avatar
    ToraxCefiro is offline BlackBerryOS Gifted Follow ToraxCefiro On Twitter
    Join Date
    Mar 2012
    Location
    Manila Philippines
    Device
    BOLD 9900
    Carrier
    Globe Telecom, Inc.
    Posts
    373
    Liked
    96 times
    Quote Originally Posted by rngeek1966 View Post
    Market speculators are the Bain of any corporation and can affect the way investors put their money to work and grow their money. Changes within the ranks of RIM have recently been playing havoc with the stock prices.

    TOP NEWS
    BlackBerry stock falls after sales chief resigns
    Thu, May 24 11:30 AM EDT
    By Alastair Sharp

    TORONTO (Reuters) - Shares in Research In Motion Ltd fell more than 3 percent on Thursday morning after the BlackBerry maker said its global sales chief had resigned.

    The resignation of Patrick Spence, a 14-year RIM veteran, comes as the Canadian company struggles to sell legacy products and prepares for the make-or-break launch of its new smartphone later this year.

    London-based Spence had risen steadily through RIM's ranks and was widely credited with building strong sales growth in the Middle East and other emerging markets.

    "Losing Patrick is undoubtedly a blow to RIM and he is a significant loss to the European operation," said Ben Wood, head of research at CCS Insight. "He was a well-liked and committed BlackBerry advocate who was highly regarded both inside and outside the business."

    RIM did not name a replacement or say where Spence was going when it made the announcement late on Wednesday.

    Spence was pivotal to the global launch of a range of BlackBerry 7 devices last year and had worked to decentralize RIM's sales planning so it fit better with regional needs.

    His sudden departure was not a shock to some analysts, who said his close ties to RIM's former co-Chief Executive Jim Balsillie may have left him isolated after Balsillie quit earlier this year over a major strategy disagreement.

    "Spence was a Balsillie protégé so his departure isn't a surprise altogether," said IDC analyst Kevin Restivo. "But his departure is still a punch in the stomach to RIM faithful as he helped the company rise to prominence in key markets such as the UK and the Gulf states."

    New CEO Thorsten Heins moved quickly to put his stamp on the company after he took over in January from Balsillie, who had focused on sales, and founder Mike Lazaridis, who led product development.

    Heins filled a long vacant chief marketing job earlier this month and also named Kristian Tear as chief operating officer. Being passed over for that job may have influenced Spence's decision to leave, the Globe and Mail newspaper said, citing a source close to the company.

    The departure creates a void in sales as RIM struggles to sell existing devices seen as lagging those of industry leaders Apple and Samsung, while at the same time working on a major transition of its smartphone lineup to the operating system first used in its poor-selling PlayBook tablet.

    The stock was down 3 percent at $10.75 at mid-morning on the Nasdaq. It has lost three-quarters of its value in the past year and languishes at prices last seen in December 2003, when its annual sales were seven times smaller than its last quarterly revenue tally.

    (Reporting by Alastair Sharp; Editing by Peter Galloway

    The struggles they are facing and the chances they are taking sometimes might knock them down, but I know that they are not breaking. RIM may not know it, but these are the moments that they are going to remember most to keep on going. They have got to be strong and just keep pushing on. Slowly, but surely.

    Thanks for the share Andrew!
    ToraxCefiro
    Click the LIKE button in the bottom right of a post to say thanks!
    Downloads Center[B] | Rules and Guidelines[B] l

  6. #6
    Joe Jerde's Avatar
    Joe Jerde is offline Owner | President Follow Joe Jerde On Twitter Add Joe Jerde on Facebook Add Joe Jerde on Google+ Add Joe Jerde on Linkedin Visit Joe Jerde's Youtube Channel
    Join Date
    Feb 2009
    Location
    Phoenix, AZ
    Device
    BlackBerry Z10
    OS
    10.0.9.2743
    Carrier
    Verizon
    Posts
    7,836
    Liked
    1503 times
    As long as RIM can get Verizon and the rest of the US market on board for the BlackBerry 10 launch, and I'm sure they will, it will be a nice climb back up to the top.

    Click the button in the bottom right of a post to say thanks!
    Downloads Center | Rules and Guidelines l BlackBerry 10 Zone

Similar Threads

  1. Replies: 0
    Last Post: 04-21-2012, 08:51 AM
  2. BBM upgrade Woes
    By Scooby85 in forum BlackBerry Native Apps
    Replies: 4
    Last Post: 04-19-2011, 10:10 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •