Tuesday, January 24, 2012

RIM CEO's whacky new plan

If you want to send investors running in the opposite direction - look no further than RIM's new chief, Thorton Heins, who is keen on fixing the RIM's problem, U.S marketing! Steve Tobak's article is worth a glance - he tells us why Heins' and RIM are headed downhill.
RIM is a soon to be out of the picture player, who once dominated corporate environments to become a dinosaur of the decade.

Read the Article: http://www.cbsnews.com/8301-505125_162-57364400/rim-ceos-whacky-new-plan/

In what's quickly becoming a trademark "Oh no they didn't" style, RIM's floundering founders have decided to turn the company's reins over to a little-known insider, one of the BlackBerry maker's co-COOs, Thorstein Heins.
Heins wasted no time breaking out the company Kool-Aid when he announced in a conference call that he plans to stay the course, saying, "I don't think that there is some drastic change needed."
What a fascinating strategy for a company whose revenues have flatlined and whose profits and share price have plunged by over 70 percent over the past year.

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