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July 10th, 2012
02:36 PM ET

RIM's death spiral?

AFP/Getty Images

Today is the showdown between BlackBerry-maker Research In Motion (RIM) and its shareholders. Investors will vent - and for good reason.

The company's share price has fallen 95% since its peak in 2008. RIM's answer to the iPad, the BlackBerry PlayBook tablet, is not likely to see an upgrade. And the BlackBerry 10 Operating System has been delayed to the first quarter of next year.

Times are tough for the inventor of mobile email. And never was that clearer when a series of letters began appearing on BGR.com last year - letters supposedly from RIM employees speaking out about the direction of the company.

I spoke to BGR's Editor-in-Chief Jonathan Geller today on News Stream. He tells me the company has 6 to 9 months to turn things around... or else.

soundoff (5 Responses)
  1. rudixeno

    RIM knows that it's the bottom of the 9th, runners on base with 2 out. They get just one shot at this. The market won't allow for any do-overs. It's going to have to be perfect. If they can replicate and improve upon what they did with PlayBook OS 2.0 & 2.1 and bring it to a smartphone don't count these boys out yet. They still have a huge installed and somewhat crazy world-wide user base. Read: http://www.epinions.com/review/RIM_Playbook_Tablet_PC/content_579726577284

    July 10, 2012 at 4:04 pm | Reply
  2. K Shah

    I loved their keypad for emails and texts. It is unfortunate that the company did not keep up with competition and is now in the news again the 3rd time this week. I really hope that Canadians take a moral stand to support RIM and extend its life because we need jobs and cannot afford to close down.

    July 11, 2012 at 3:01 am | Reply
  3. Keith Rosenberg

    I knew Blackberry was in trouble 18 months ago when I asked one of their support engineers if they were going to include Active Synch in their devices and was told no.

    July 11, 2012 at 5:56 am | Reply
  4. Snubasnab

    It doesn't have 6 to 9 months. It's been dying for years! The blackberry is such a stagnant and inferior product.

    July 11, 2012 at 1:33 pm | Reply
  5. Batuhan

    I keep reading all these plpeoe talking about infringements'n'what-not, but seriously? RIM did not create the idea of realtime notification delivery (RND). They did not invent nor create the cell phone, touch screens, concepts of mobile apps, cellular signal, the words black or berry .nor blackberry, instant msging, qwerty keyboards, and just about everything else that makes up RIM except the way their phones are made. So what if he didn't work for RIM in the first place? Could they pull this stunt? I obviously didn't look at the coding, but is it an exact match? I don't get it at all! The coding obviously isn't the same because if it were Kik wouldn't work on iPhone nor Android, only BB! Are you selling the app for your profits or is the app FREE? I don't remember having to pay Kik a single dime for the service. So what is this suit really about? Don't get me started! My company, OBIPIX GTAC, has some technology that's hasn't hit the public yet, but soon will. Am I worried about anyone stealing my idea? Nope, not really because no one can do what I can. And I must except the fact that once I put this tech out there, others will follow suit and make similar technology because it's the way of the world and the way of COMPETITION! I'd be honored if someone copied what I made and made their own. It's how we all work together to make the world better. We don't get better by hiding all the secrets. That's greed, power seeking, and just plain dumb.Perfect example . Sony and the 1980 s Beta Max Hifi System. They hid and wouldn't share the technology and the other big companies came together to shut down a superior technology with a inferior technology. Even though the technology was superior, Philips, Magnavox, and other companies gave it a bad name and claimed that whoever owned the technology (I had one and no VCR or VTR could EVER top the technology) had a piece of junk that everyone made fun of. The public didn't know about the specs behind the technology, they just went along with the flow. I never got rid of mine because I'm no dummy! Sony learned their lesson about monopolizing on a hot technology and later designed laser disc and CD technology and SHARED their technology with the other companies for fear of repeating the Beta Max incident. Now Sony gets $0.01 for every CD ever made on the planet and they still have the superior home entertainment systems and gaming systems. They are the pioneers of most of the current home entertainment technology out there, but now they share in order to gain a larger share. It's a shame because RIM are not pioneers in this mobile world, but you wanna get all pissy over something so minute? Don't worry, history has a way of repeating itself and lessons are as infinant as there are jackasses on this planet. For every jackass of an uncontinplated decision, there is a lesson to be learned. That rule applies to everyone, but the harder lesson fall on the greedy!Sincerely,Teon G. Anderson, MsD./Architectural CEOOBIPIX Gaming Tech & Advanced Concepts LLCTwin Cities, Minnesota

    July 31, 2012 at 8:49 pm | Reply

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