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Phew, that was a close call. For a second we were all worried RIM was about to dive straight into the deep end without any hope of floating back up to the surface, am I right? Well fear not because RIM’s saving day has arrived. The company is announcing the BlackBerry Curve 9310 for Verizon…
The life of luxury is over at Research in Motion. According to a Bloomberg report, a company insider had indicated that the company plans to sell off one of its two luxury jets as part of a plan to save $1 Billion in operating costs by the end of fiscal 2013. If true, RIM will only…
While RIM Ceo Thorston Heins continues to talk rosily about RIM’s future, the dire state of the company is becoming all too real for employees in its Ottawa headquarters. According to a report in the Ottawa Citizen, RIM is curtailing summer vacations and telling workers they must work six days a week. This big push…
Okay, I’m convinced. RIM leadership is delusional. CEO Thorsten Heins gave an interview to CBC’s Metro Morning program, where the leader of the struggling smartphone maker made some puzzling remarks about the state of the company. “There’s nothing wrong with the company as it exists right now… I’m not talking about the company as I,…
AT&T apparently asked Research In Motion in 2010 to kindly build a competitor to the iPhone, according to a report from The Wall Street Journal. The dirty deed took place while Apple’s iPhone was still exclusively available on AT&T in the United States. “We work with all device makers to bring the best products to market…
Oh, how the mighty have fallen. The analysts have spoken, and most believe it would take nothing short of a Jobs-ian miracle to save ailing Research in Motion. As a refresher, the company announced a $518 million loss yesterday, and delayed its savior BlackBerry 10 platform to early 2013. Its stock fell nearly 15% at…
Earlier today, RIM announced its quarterly earnings and the results were grim. The company’s revenue is down 33 percent year over year and device sales are slumping. To make a bad situation even worse, RIM announced that technical challenges have forced it to delay the launch of BlackBerry 10 until 2013. As result of this…
It’s the beginning of the end for RIM. The company has announced its fiscal Q1 2013 earnings report, and it has amassed revenue of $2.8 billion, down 33% from fiscal Q1 2012. The decline in revenue led to a net loss of $518 million, and as a result of poor growth, RIM plans to cut another 5,000…
Analysts at Morgan Stanley are painting a grim picture for Research in Motion, sending share prices of the ailing smartphone maker down to around $9.00 per share. The analysts suggest that RIM faces some tough choices ahead if it is to emerge once more as a competitor in the smartphone market. “We believe the only…
This didn’t take long. Research in Motion has just issued an official statement regarding the rumor of the company splitting its hardware and software units into two separate entities; to then later sell off the handset part to the highest bidder. The company in a statement to the site Mobilesyrup said: “RIM has hired advisers…