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Omaha Steve

(99,646 posts)
Tue May 29, 2012, 08:58 PM May 2012

RIM (BlackBerry-maker) warns of operating loss, layoffs to come

Source: AP-Excite

By ROB GILLIES

(AP) In this May 1, 2012 file photo, Thorsten Heins, president and CEO of Research In Motion,...
Full Image

TORONTO (AP) - Struggling BlackBerry-maker Research in Motion warned Tuesday that it will have an operating loss in its current March-June quarter and said there will be significant layoffs this year.

RIM also said in a release that it has hired J.P. Morgan and RBC Capital Markets to help the company evaluate various strategies, including opportunities to partner with other companies and license software as well as other alternatives.

Waterloo, Ontario-based RIM made no mention of a sale of the company but new chief executive Thorsten Heins did not rule it out after RIM's last earnings were released in late March.

"It's a disaster, it's bad," Jefferies analyst Peter Misek said. "The problem is you can't see a path to a sale until you stabilize the business."

FULL story at link.


Read more: http://apnews.excite.com/article/20120530/D9V2M9QG0.html

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RIM (BlackBerry-maker) warns of operating loss, layoffs to come (Original Post) Omaha Steve May 2012 OP
JOB LOSSES !!!! ELI BOY 1950 May 2012 #1
Broadly speaking jobs are a function of sales dipsydoodle May 2012 #8
RIM is dying. Technology changes, and it can kill very large corporations that don't have it. kwassa May 2012 #2
I find it scary how fast this happens now. Prometheus Bound May 2012 #3
It should scare Microsoft. Big time. kwassa May 2012 #6
I remember when people here were ripping into gates Mosby May 2012 #11
only in retrospect kwassa May 2012 #12
Blackberry remained stagnant NV Whino May 2012 #4
Actually that day almost did come for Apple. cstanleytech May 2012 #5
The genius has died with Jobs. kwassa May 2012 #7
RIM? Continuing to struggle? Words cannot describe my astonishment. Posteritatis May 2012 #9
I love my blackberry Mosby May 2012 #10
This year's version of Palm. Psephos May 2012 #13

ELI BOY 1950

(173 posts)
1. JOB LOSSES !!!!
Tue May 29, 2012, 09:23 PM
May 2012

RIM will shed 15K jobs...HP will shed 30k jobs...both CEO's are Republicans and have ran for office. These big corporations keep hiring people who can't govern or run companies...and they ask "where are the jobs"?

Very sad

dipsydoodle

(42,239 posts)
8. Broadly speaking jobs are a function of sales
Wed May 30, 2012, 05:56 PM
May 2012

Presumably if you had the job you could increase sales. How exactly ?

kwassa

(23,340 posts)
2. RIM is dying. Technology changes, and it can kill very large corporations that don't have it.
Tue May 29, 2012, 09:57 PM
May 2012

All the moves made by RIM corporate heads reek of denial about the transformation smartphones have made to the world. They are already dead, supported by only their installed base in government and corporations that is quickly sinking.

I worked for the second largest computer corporation in the world. 120,000 employees around the world. It no longer exists. Digital Equipment Corporation. It also was once state-of-the-art, but the art moved on, and it didn't.

Mosby

(16,316 posts)
11. I remember when people here were ripping into gates
Wed May 30, 2012, 06:23 PM
May 2012

When he said that ms could lose their market share over a couple quarters.

Those antitrust lawsuits here and in europe seem kind of silly now don't they?

kwassa

(23,340 posts)
12. only in retrospect
Wed May 30, 2012, 10:55 PM
May 2012

it was a valid issue at the time.

My wife was interviewed by Joel Klein as part of the suit. She was a policy adviser in the Clinton Whitehouse.

NV Whino

(20,886 posts)
4. Blackberry remained stagnant
Tue May 29, 2012, 10:12 PM
May 2012

Apple moved ahead. Perhaps the day will come for Aplle at some point.

Disclaimer: I have a Blackberry.

cstanleytech

(26,291 posts)
5. Actually that day almost did come for Apple.
Tue May 29, 2012, 10:18 PM
May 2012

Steve Jobs returning is what saved them, hopefully they will remember his lessons but I have my doubts.

kwassa

(23,340 posts)
7. The genius has died with Jobs.
Wed May 30, 2012, 05:49 PM
May 2012

It can't be corporatized. He was a unique and very important player, and he is gone.

Posteritatis

(18,807 posts)
9. RIM? Continuing to struggle? Words cannot describe my astonishment.
Wed May 30, 2012, 06:10 PM
May 2012

(No, seriously, they can't, because my selection of words today is ill-suited to describe something that isn't there.)

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