4 ms·

RIM is done. Only a true miracle can save them.

by rorrr 15y ago

tibbon 15y ago
Agreed 100%. They did something good, fell asleep at the wheel and I assumed that they were already dead, in the ground and turned to dust (at least as far as relevance goes).
grannyg00se 15y ago
I don't know what qualifies as a miracle these days but I don't think their task is unreachable. They have cash (as far as I know) and they still have some decent brand recognition. They also have a supply chain, and distribution. They are still in a great position to make positive moves, the fact is they need to make those moves. Soon.
- rorrr 15y ago
  Yes, they could make a groundbreaking phone, but to make it profitable would require a miracle. BlackBerry OS can't compete with IOS or Android, it's too specialized and too crappy. I think their only way to save themselves is to fire 85% of the executives, which will never happen. They are in charge, and they are getting paid extremely well, while driving company into the ground. They are just trying to squeeze as much money as possible from the dying company, that's why their CEO makes these ridiculous statements.
  - grannyg00se 15y ago
    The next phone is going to have a completely rebuilt OS. Are you already writing it off as non competing? How?
- raganwald 15y ago
  “Miracle” is imprecise. How about this definition: A company is “done” when the probability of its success falls below the probability of a startup in the same space succeeding. Apple was “done” in that sense before Steve Jobs returned. he did turn it around, and RIM could be turned around, but as a business exercise, the optimal strategy is to extract as much value as you can for as long as you can rather than try to hit another home run. True, you could always hope for a visionary CEO with the credibility and skills to do something productive with what you have, but that isn’t the way to bet.
troymc 15y ago
To be fair, Michael Dell said something similar about Apple circa 1997. A miracle did save them.

RIM is done. Only a true miracle can save them.

by rorrr 15y ago

RIM is done. Only a true miracle can save them.

Agreed 100%. They did something good, fell asleep at the wheel and I assumed that they were already dead, in the ground and turned to dust (at least as far as relevance goes).

grannyg00se 15y ago

I don't know what qualifies as a miracle these days but I don't think their task is unreachable. They have cash (as far as I know) and they still have some decent brand recognition. They also have a supply chain, and distribution. They are still in a great position to make positive moves, the fact is they need to make those moves. Soon.

rorrr 15y ago
Yes, they could make a groundbreaking phone, but to make it profitable would require a miracle. BlackBerry OS can't compete with IOS or Android, it's too specialized and too crappy. I think their only way to save themselves is to fire 85% of the executives, which will never happen. They are in charge, and they are getting paid extremely well, while driving company into the ground. They are just trying to squeeze as much money as possible from the dying company, that's why their CEO makes these ridiculous statements.
- grannyg00se 15y ago
  The next phone is going to have a completely rebuilt OS. Are you already writing it off as non competing? How?
raganwald 15y ago
“Miracle” is imprecise. How about this definition: A company is “done” when the probability of its success falls below the probability of a startup in the same space succeeding. Apple was “done” in that sense before Steve Jobs returned. he did turn it around, and RIM could be turned around, but as a business exercise, the optimal strategy is to extract as much value as you can for as long as you can rather than try to hit another home run. True, you could always hope for a visionary CEO with the credibility and skills to do something productive with what you have, but that isn’t the way to bet.

troymc 15y ago

To be fair, Michael Dell said something similar about Apple circa 1997. A miracle did save them.