- RIM Shareholders Call For Change
  • RIM Shareholders Call For Change

    Its not to anyone’s surprise that RIM's stock this year has been less than stellar. Rumors of the company selling its self to another tech giant have been circulating for quite some time now. In addition, key personnel have left the company to pursue other endeavors. The results of all this are that shareholders are becoming more restless as they continue to see their shares fall.

    Now shareholders are beginning to become more vocal about their investments with BlackBerry maker RIM. In a letter to the board, Vic Albioni head of Jaguar Financial, an investor in RIM, expressed his frustrations with the company, and added some pretty bold suggestions.

    “The status quo is not acceptable, the company cannot sit still,” Vic Alboini, said in a statement. “It is time for transformational change. The directors need to seize the reins to maximize shareholder value before more market value is lost.”
    Jaguar Financial holds about 5% of RIM, and is getting tired of the of RIM's lack of performance, and strategic delays
    .“RIM’s chronic underperformance and repeated delays in executing its strategy have led Jaguar to the conclusion that fundamental change at RIM is required,”
    Some of these fundamental changes proposed by Jaguar Financial was the urge for RIM to sell, and the consideration of selling of some of their patents. These are some pretty bold statements, and it seems to be what many consider to be the route that RIM should go. Is this really true considering that RIM actually had reported a good financial report last quarter? Only time will tell. However the more important question seems to be. Does this kind of frustration represent the vast majority of RIM shareholders?

    The news hasn’t been all negative for RIM this year. Let's not forget that they recently had a successful launch of their new line of OS 7 devices. The PlayBook, despite its critics, is actually one of the highest grade tablets on the market today. The future of RIM looks very promising. RIM is currently working on a new line of QNX based phones that show promise of setting the standards for mobile devices to come. RIM has also embraced Android integration within these QNX based devices, which shows they understand the importance of consumer wants.

    What are your thoughts on the current issue? Share with us in the forums.

    This article was originally published in forum thread: RIM Shareholders Call For Change started by ice2921 View original post

    comments powered by Disqus
  • Sponsored Ad

  • Recent Comments

  • Most Commented

    The most commented articles on BlackBerryOS over the past 24 hours.
  • Recent Forum Posts


    How To: Improve Your BlackBerry Performance Speed

    @robintheginger Thanks very much for this concrete, helpful suggestoin! I know I'm hopping on here two years late. Just got myself an awesome Bold 9930

    christopherk67 07-25-2014, 07:55 AM Go to last post

    Newbe here!

    Good Day BlackBerryOS members!

    Really enjoy my Q10 and am loving my Bold 9930!

    Happy to be a member of this site!

    christopherk67 07-25-2014, 07:53 AM Go to last post

    Six Pack Abs in 30 days

    Two things are essential to get a six pack – diet to reduce total body fat and exercise to strengthen and develop the abdominal muscles. However, losing

    smartaps 07-25-2014, 05:00 AM Go to last post

    Kamasutra - Sex Positions

    Kamasutra - Sex Positions brings thousands of years of Kamasutra experimentation into one incredibly fun and sensual app.
    More than 400 sex positions

    smartaps 07-25-2014, 04:51 AM Go to last post
    Joe Jerde

    which would you buy Passport or Classic

    I like how the focused more on the screen. But I'm just a full touchscreen kind of user.

    Joe Jerde 07-24-2014, 03:50 PM Go to last post
  • Sponsored Ad