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Balsillie

RIM chiefs no longer billionaires thanks to plummeting RIM stock

June 23rd, 2011

Shares of RIM stock have taken a beating since the company announced devastating first-quarter earnings last Thursday. The Waterloo, Ontario-based BlackBerry maker missed Wall Street’s first-quarter consensus, it lowered its full-year guidance, it announced workforce reductions, it confirmed product delays and investors went running for the door as did a top executive. Since the earnings release last week, …

Investor proposes RIM splits CEO and board chairmen roles

June 11th, 2011

Reuters reported on Friday that Northern and Ethical Investments, an investor in Research In Motion, has called for a shareholder vote to decide if co-CEOs Mike Lazaridis and Jim Balsillie should remain both co-chief executives and co-chairmen of the company’s board. Northern and Ethical Investments reportedly wants the Waterloo based company to have an independent …

Bloomberg: RIM to sell Playbook in Q1 2011, under $500

November 10th, 2010

Bloomberg is reporting that RIM’s Co-CEO, Jim Balsillie, indicated his company’s Playbook tablet would be available in North American markets in Q1 of 2011 for under $500. The $500 price point is notable for the industry as it is where Apple’s 16GB Wi-Fi iPad currently sits. The report also noted that “RIM may sell the …

RIM's Balsillie responds to Jobs, 'customers are getting tired of being told what to think by Apple'

October 19th, 2010

For those of you not following the Apple earnings-call soap opera, let us give you a brief recap. Yesterday, during the Cupertino company’s Q4 conference call, CEO Steve Jobs joined the broadcast to speak with investors — an uncommon but not unprecedented move. Jobs then began to take questions and throw verbal jabs at several industry players including Google, application …