Research In Motion: You Have Got To Be Kidding Me

Thu, 01/26/2012 - 14:17 EDT - Seeking Alpha

By Robert Rubin:A friend of mine recently said that he hopes he is never in charge of a company where the stock trades up after his departure. How about if the stock trades down 8.4%, upon your being promoted to CEO, after the guys in charge before you did such a horrendous job that the market had been clamoring for their departure for years (the founders, no less)? Welcome to the executive boardroom, as President and CEO of Research In Motion Ltd. (RIMM), Thorsten Heins!The day started with optimism for RIMM. The stock was up a lot (around 4.0%-5.0%). Early on, investors were applauding the reduced roles of founders Mike Lazaridis (moving to Vice Chair of RIMM and Chair of the new Innovation Committee) and Jim Balsillie (remaining a Director of RIMM). Then, the company held a call, and introduced the investing community to Thorsten Heins, where Mr. Heins decried thatComplete Story »

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New CEO Heins Unlikely To Move RIM Stock
By Vince Martin: [T]he best thing that [Research in Motion co-CEO's] Balsillie and Lazaridis could do for RIMM stockholders is to quit. Immediately. With the company's current market cap around $14 billion, their resignation would likely create close to a billion dollars in shareholder value. Instantly. That's all you need to know about RIM's current management, and all you need to know to stay well clear of this stock.
If BlackBerry 10 is a hit, a lot of credit will go to RIM’s founders
The corporate reboot at Research in Motion Ltd. marks its first anniversary today. The tech giant’s beleaguered stock price has been on an absolute tear of late — up 14% since last week to burst the $18 range and a whopping 170% appreciation from its 52-week low of $6.10 last September. Meanwhile, the much-anticipated and often-delayed BlackBerry10 operating system is finally set to be unveiled on Jan. 30 — a hard deadline that had eluded the troubled company for two years.
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By Vince Martin:We've been here before. Research in Motion (RIMM) puts out good news, boosting the stock, only to see significant losses once CEO Thorsten Heins starts talking on a company conference call.
Research In Motion: We've Seen This Movie Before
By Joel West: Research in Motion this morning promoted COO Thorstein Heins to be the new CEO. The two co-CEOs, Mike Lazaridis and Jim Balsillie, stepped down from any executive position but remain on the board. (Lazardis, a co-founder and the only remaining original director from 1984, becomes vice chairman).
Research In Motion - Heins In, Lazaridis And Balsillie Out
By Brad Ferris:No doubt investors of Research in Motion (RIMM) and investors at large have heard the news that co-CEOs Mike Lazaridis and Jim Balsillie have been replaced with Thorsten Heins as the new CEO of RIM.
BlackBerry reinvention should stretch all the way to the boardroom
Everything about the revamped BlackBerry was new, and shiny and bristling with a crossed-fingers kind of optimism. One of the greatest turnarounds in Canadian corporate history rests on a new product, a new name and a new direction as a niche player. Research In Motion Ltd. began its march to redemption by unveiling two state-of-the-art, next-generation smartphones Wednesday, one excruciatingly long — and costly — year behind schedule.
CEO Heins Changes His Tune, Will Research In Motion?
By Vince Martin:After criticizing the leadership of former Research in Motion (RIMM) co-CEO's Mike Lazaridis and Jim Balsillie back in September, I voiced some skepticism on the selection of former COO Thorsten Heins when Heins replaced the duo in late January
BlackBerry's Former CEO Jim Balsillie Has Completely Sold His Stake In The Company (BBRY)
So much for all that!
Research In Motion: Rigor In Mortis?
By Mark McQueen (Wellington Financial): That’s the plan? Do a better job of executing while promoting the same ops guy that led the team to a one year delay in the BB10?
How Jim Balsillie’s Initial $125,000 RIM Investment Disappeared
Mark McQueen (Wellington Financial) submits: It has been almost 20 years since Jim Balsillie arrived at Research in Motion (

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Research In Motion: You Have Got To Be Kidding Me

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