RIM’s sixth-largest investor to dump its entire stake

By on Jun 17, 2011 at 11:31 AM
Business June 17, 2011

Following RIM’s first-quarter earnings release on Thursday, the company’s sixth-biggest investor confirmed that it is giving up on the Waterloo, Ontario-based BlackBerry maker. “They are resting on their laurels,” said Stephen Jarislowsky, chairman of Jarislowsky Fraser Ltd., on Friday in an interview with Bloomberg. “Steve Jobs is a much better marketer than RIM,” Jarislowsky added. ”We are on the way out. The stake has been reduced by more than 50% or even more.” As of the end of the first quarter, Jarislowsky Fraser Ltd. owned 10.2 million shares of RIM stock. Earlier on Friday, RBC Capital Markets said RIM still has some fight left in it. Sadly for RIM in this instance, it looks like not everyone agrees.

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  • DonRSD aka PSN DonVCorleone

    they havent kept up with the times and have fallen behind the tech curve

    dog eat dog.

  • Youngjboy

    Let’s be real.  The new Blackberries look almost identical to the ones of years ago with features that are almost indistinguishable to most except those that follow tech blogs.  RIM should have learned.  I was patient with Palm when i had a Treo even though it was the WinMo version.  Palm ran their OS until the wheels feel off, and did nothing to innovate.  THEN, once iPhone and Android started to emerge, they hurried up and answered back with WebOS which i think is actually not a bad setup, but came to market with the Pre with questionable build quality and 8GB of non upgradeable storage.  As we see, it was too late, and they went down in flames

    WinMo also sat around for years and did NOTHING to fix user issues.  From WinMO 5.0 to at least 6.1 MS did nothing to help.  I remember my phone locking up as i tried to answer a call…..issues with Outlook mobile, etc.  Now MS is fighting back with Windows Phone 7, which once again like WebOS is good…..BUT…..late to the party.  I think MS may have salvaged WinMo at the last minute, but are fighting an uphill battle.  

    These companies get comfy and sit back and do nothing with their big egos until it is too late.

    • Applesucksfatties

      Dude… so do iPhones…  Cmon people, crAPPLE isn’t exactly an icon of innovation.. Hell, they don’t even have a native messaging client yet.  All the RIM bashing is starting to get on my nerves.  I have a Bold 9000 that would be the perfect phone if it had more memory and a faster processor….. aka the Bold 9900.  

      • Anonymous

        That’s funny. No, really…

      • Anonymous

        Wait, you’re telling me the the “Messaging” app on my iPhone isn’t real? I guess the Apple magic is stronger than I thought!

  • Matthew

    Everyone saw this coming except Rimm, you cant sell your one good product year after year and expect to be on top.

  • Ghostnyc

    Im a bb fan and RIM is long over due for a major shake up.  This is just the beginning.  Shareholders abandoning ship is one thing, however what is really needed is for the Board of Directors to take immediate action and  fire the CO-CEO’s.  The only excuse for RIM’s failing is lack of vision & management from their leadership.  They have the cash, the talent and the ability to bounce back, the only question is will they be brave enough to actually do it.

    • http://twitter.com/Poita316 Peter Fox

      I agree. I’m using Blackberry for a few tears now, but they missed out after they made the 9000. It seems like they stopped evolving.
      I’d hate to see them going under, but I wouldn’t be suprised. Too late with new OS and decent specs.
      I also think rushing the Playbook cost them, it wasn’t finished and rushed. Focus on your core business (phones) and then try making a new product. Now your phones are outdated when it comes to specs, and your tablet is unfinished. Sad…

      • Anonymous

        I was going to correct you on what I thought was a typo, but realizing that this is RIM we’re talking about, you probably meant “tears.”

        - VDubb

      • Ghostnyc

        The PB’s saving grace is the fact that the hardware is solid, the software definitely needed more work. RIM should be focused on improving the OS and implementing these updates ASAP before its too late.

      • Anonymous

        It’s always about the software.   The whole issues with Specs is that they are easy to build and sell, but they are a b*tch to integrate into something useful.   It was too late the moment they shipped without a standalone messaging system to integrate with BESes.   That is your crown jewel and you couldn’t do that right?   Who cares about flash if you can’t get to a Blackberry message server without a BB phone to tether to…   At that point, it was obvious (to me), this company couldn’t design a consumer system.   Not now, not a year from now.   and at best they have 1 quarter to make it all better (again, if you have no product to sell at Xmas… you’re not a consumer technology company.).

  • Lazer

    BYE BYE RIMMMMMMMMMMMMM……CYA

  • giller

    RIMM started this gangsta shit, thats the mother fuckin thanks they get?

  • Anonymous

    the fat lady looks to be getting ready to sing

  • Anonymous

    But I thought the optical track pad was the next big thing!!!!

  • Chicol1090

    Just in: Research in Motion changes their name to Research in Production, now abbreviated as RIP

    • Gunther

      Ooh, Burn!

  • Jimbo_Jones

    What does everyone have against RIM? My new Blackberry Curve looks and operates almost identically to my Blackberry 8703e that I purchased 5 years ago (except that it is shinier). Next you are going to tell me that my Mullet is out of style.

  • Anonymous

    RIP RIM…. DIE already!!!

    • Anonymous

      And reborn with phones running QNX! I remember the day when QNX fits in a floppy disk. See you in the next life, RIM. 

  • http://twitter.com/outdoor_michael michael

    Never buy stock in a tech co ran by a middle age white guy w/ a beer gut.  How many yrs did it take this “business” oriented co to allow one to open an email attachment in less than six steps? Palm was superior to RIM back then. Yes RIM may have a future but only after Lazaridis is replaced.

  • max

    derrrrrrrr look at me! I got a shiny new Blackberry! I’m a RImjobbing Moron! derrrrrrr. It’s so advanced it can play brickbreaker derrrrrrrr. One day it may even surf the internets!

  • Banofbros

    Maybe THIS will make R.I.M pull their thumb out of their ass and get going again?!

  • Fbendotti

    Windows Phone 7 will eventually take its place

    • http://twitter.com/homescrub homescrub

      What place?  WP7 is in the same boat.  No one wants it either. 

  • Anonymous

    Should be interesting to see how that all turns out. WOw.

    http://www.web-privacy.no.tc

  • Anthonyflexas

    I mean they have to give RIM a better chance they were never Iphone competiiton there still are the best phone for buisness in my opinion… However I think that RIM is pulling a HONDA they are relaing on there  laurels, I hope they snap out of it and  update there software soon. It will be very sad if the famous “QNX” doesnt work. What are they thinking about when they relased the torch all that phone needed was a faster processer, I think that management should be all changed….. I have a soft spot for RIM, hope you make..

  • Anonymous

    One of their product name spelled their death! Torch. 

    • http://twitter.com/homescrub homescrub

      They took a tumbling Curve for the worse.

      • Anonymous

        Did you Flip a Pearl in the rough?

      • Anonymous

        I got caught in a deadly storm. I made some pretty bold moves, but I just……..couldn’t survive.

  • http://twitter.com/FrankJL_ Francisco J. Lopez

    No matter how much you hate apple. It is simply amazing how they KILLED!! KILLED!! companies that were well established in the industry.

     palm, Rim…. nokia……
     

    And they are dominating the entire industry with 1 FUCKING PHONE… 1. 

    I love my nexus s but got dammit major props to apple for being vicious.

    • http://twitter.com/homescrub homescrub

      Maybe you should re-read the article.  This has NOTHING to do with the iPhone. 

  • http://twitter.com/homescrub homescrub

    Android, iOS.  Dominating the market, killing off the competitors who aren’t innovating and moving forward with better products. 

    • Anonymous

      WEBOS Better best BB.

  • http://pulse.yahoo.com/_YOZKW4BDQLQLVWM56GVM4KIFLA John Roth

    what do they deserve respect for in the last 5 years? I paid $32.67 for a XBOX 360 and my mom got a 17 inch Toshiba laptop for $94.83 being delivered to our house tomorrow by FedEX. I will never again pay expensive retail prices at stores. I even sold a 46 inch HDTV to my boss for $650 and it only cost me $52.78 to get. Here is the website we using to get all this stuff, BidsGet. com

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