RIM is officially killing of the 16GB PlayBook, according to an N4BB report. Engadget suggests that low margins on the 16GB tablet are to blame for RIM’s choice to discontinue the tablet, though sluggish sales of any tablet that doesn’t have the Apple logo on it probably played a role as well. RIM and its distributors and retailers…

RIM is betting its entire future on BlackBerry 10, a product many in the industry frankly aren’t that excited about. The former king of smartphones is struggling immensely of late, with over $1 billion in unsold inventory sitting in its warehouses, at least 2 more quarters of abysmal returns, and market share dipping below the 10% mark.…

RIM was in a bit of trouble for its use of the BBM moniker for its BlackBerry Messenger service. The BBM name is trademarked by a Canadian company, BBM Canada, that measures television and radio audiences, and the company obviously wasn’t too keen on RIM freely using the BBM name as its own. BBM Canada filed…

RIM announced yesterday that it would take yet another significant operating loss in the next quarter, in part due to its need to write off as much as $1 billion in inventory sitting in RIM’s warehouses. The company announced it had hired J.P. Morgan Securities LLC and RBC Capital Markets to assess the short and…

RIM issued a press release that confirmed analysts’ worst fears – RIM will post an operating loss and fall well short of Wall Street estimates in Q1 2012. The Canadian company blamed its poor performance on “the on-going competitive environment.” The handset maker also said it has hired JP Morgan Securities LLC and RBC Capital…

RIM’s stockpile of unsold BlackBerry phones and PlayBook tablets is growing as sales continue to struggle ahead of the fall 2012 release of BlackBerry 10. The total value of these devices sitting in RIM’s warehouses is over $1 billion, putting RIM in a tough spot when it comes to next quarter’s financials. The company has…

According to a Globe and Mail report, RIM’s top lawyer, Ms. Karima Bawa, has resigned from the struggling handset maker. Bawa joined RIM in 2000 and became Chief Legal Officer and General Counsel in 2010. Her resignation follows the departure of Patrick Spence, RIM’s head of global sales, last week. To make matters even worse,…

Another top RIM executive is leaving the company, potentially indicating troubled times ahead for the ailing smartphone maker. The latest casualty is Patrick Spense, a self-proclaimed “BlackBerry Believer” who headed up RIM’s global sales division, and has been with the company for the last 14 years. The move comes as RIM is hoping to rebuild…