Trending

Filed under: News | Mobile Phones

 

RIM misses Earning Targets and Restructures

RIM released their quarterly earnings and reported a net loss of $125m.

Mar 30 2012, 2:32am CDT | by

11 Updates
RIM misses Eearning Targets and Restructures
 
 

YouTube Videos Comments

Full Story

RIM misses Earning Targets and Restructures

RIM, maker of the BlackBerry, continues to struggle, reporting a net loss of $125 million on a revenue of $4.2 billion (down 19% from last quarter). The new CEO has his work cut out and he knows it. He said: "I have assessed many aspects of RIM’s business during my first 10 weeks as CEO. I have confirmed that the Company has substantial strengths that can be further leveraged to improve our financial performance, including RIM’s global network infrastructure, a strong enterprise offering and a large and growing base of more than 77 million subscribers. I’m very excited about the prospects for the BlackBerry 10 platform, which is on track for the latter part of calendar 2012. Notwithstanding these strengths and opportunities, the business challenges we face over the next several quarters are significant and I am taking the necessary steps to address them."

CEO Thorsten Heins is reorganizing the RIM team. Jim Balsillie, former Co-CEO of the Company, has resigned as a Director on the Company’s Board. David Yach will be retiring from his role as CTO and Jim Rowan, COO, Global Operations, has decided to pursue other interests. 

I am actually surprised that RIM still has revenues of over $4 billion. What are they selling and to whom? I do not think I know anyone sporting a BlackBerry anymore. Must be all these large financial corporations that got locked into BlackBerry years ago.

 

You Might Also Like

Updates


Sponsored Update

Update: 11

Novatec Jetfly wheels review

Source: BikeRadar.com

Dow Falls As Technology Sector Stocks Tumble
Novatec has been producing high quality, reliable wheels for numerous prestigious brands for a long time. Its latest own-brand wheels truly deserve to bring the company out of the shadows, though.   Highs: Light, responsive, reliableLows: Slight front wheel flexWe think the Jetflys are undersold as ‘training’ wheels. At under 1500g a pair,  with a reasonably fast-reacting,  steel-reinforced freehub,  they feel very responsive,  with just a hint of front wheel flex when you’re re ...
Source: BikeRadar.com   Full article at: BikeRadar.com 17 hours ago, 4:00am CDT
 


Advertisement


Update: 10

Frequent Inspections Save Tires

Source: Trucking Info

You can't tell much about a tire simply by kicking it. Drivers would disagree, but you can't even tell with any degree of certainty how much air is in the tire. It seems the best you can expect from many drivers is a quick visual check that the tire is where it should be. Whether or not it's capable of holding air is another matter.A lot of fleets depend on drivers for daily oversight of their tires, and tha ...
Source: Trucking Info   Full article at: Trucking Info 1 day ago, 3:00am CDT
 

More From the Web

Update: 9

Trail Tech: Off the hook

Source: BikeRadar.com

The Joe Andruzzi Foundation Visits Patients And Families At Boston Children's Hospital
If you’ve ever installed a tube or tubeless tyre on your mountain bike you probably noticed the ridge of material at the top of the rim that juts several millimeters inward from the rim’s sidewall. It’s called the bead hook, and a growing number of carbon rim manufacturers are doing away with this feature in favor of rims designed with straight inner walls. Performance gains, durability and lowers manufacturing cost are all reasons company’s cite for moving away from this long-time rim f ...
Source: BikeRadar.com   Full article at: BikeRadar.com Apr 15 2014, 6:00pm CDT
 

Update: 7

Trail Tech: Off the hook

Source: BikeRadar.com

Dow Falls As Technology Sector Stocks Tumble
If you’ve ever installed a tube or tubeless tire on your mountain bike you probably noticed the ridge of material at the top of the rim that juts several millimeters inward from the rim’s sidewall. It’s called the bead hook, and a growing number of carbon rim manufacturers are doing away with this feature in favor of rims designed with straight inner walls. Performance gains, durability and lowers manufacturing cost are all rea ...
Source: BikeRadar.com   Full article at: BikeRadar.com Apr 15 2014, 6:00pm CDT
 

Update: 6

Superstar Pave 28 wheelset review

Source: BikeRadar.com

Turkish President Abdullah Gul - Tour of Turkey Previews
The name may not be known to roadies, but Superstar is the cost-effective, direct-buy mountain bike component king. The Paves are the first product of an extensive road range it has planned.Highs: Light, responsive, price, service  Lows: Direct sell onlyThe tyre-fattening 17mm internal width and rounded aero cross-section of the Pave 28 rims echoes the latest Zipp, Hed, Bontrager and Easton designs. These wheels aren't j ...
Source: BikeRadar.com   Full article at: BikeRadar.com Apr 13 2014, 6:00am CDT
 

Update: 5

ENVE MSERIES wheels - first look

Source: BikeRadar.com

Bundeswehr Holds Alpine Adventure Camp 2014
ENVE has today announced its MSERIES rims, a collection that is divided into four rim sizes that cover everything from cross-country racing to downhill riding.All MSERIES rims are said to hold various improvements when compared to the company’s previous generation rims, including reduced weight and significant gains in impact resistance.A new ‘hookless’ bead design has also been implemented to create a more reliable seal for tubeless applications. Lead Engi ...
Source: BikeRadar.com   Full article at: BikeRadar.com Apr 8 2014, 2:00am CDT
 

Update: 4

Ibis rolls out wide carbon rims

Source: BikeRadar.com

Saidaiji Temple Naked Festival Takes Place
Ibis just released the details of its latest products: three carbon wheelsets with internal rim widths that trend wider than the current norm. The Santa Cruz, California-based company may be better known for its curvaceous carbon mountain bikes, though company founder Scot Nicol has seen the sport evolve from its inception and notes that some of the early pioneers of the sport were on to something when they started repurposing wide Araya 7X rims from beach cruisers for use on mountai ...
Source: BikeRadar.com   Full article at: BikeRadar.com Apr 7 2014, 12:33pm CDT
 

Update: 3

How to repair a puncture - video

Source: BikeRadar.com

Dow Falls As Technology Sector Stocks Tumble
Knowing how to repair a puncture is an essential skill that every cyclist needs to master. It can be daunting for the inexperienced but only takes a few minutes once you know what you're doing.In this video, BikeRadar's James Tennant explains how to carry out the task in a step-by-step walkthough, which demonstrates the procedure on a mountain bike.Please install Adobe Flash player to vie ...
Source: BikeRadar.com   Full article at: BikeRadar.com Apr 7 2014, 2:30am CDT
 

Update: 2

Friday Fun

Source: PISSD

I should call this one Little Known Scientific Facts rather than Friday Fun. Here’s the deal — when I walk around the house with a cup of coffee I tend to spill some. It never happens at the office, maybe because we have larger cups there. There are two problems with me spilling coffee at home. First, almost every room in our house has white wood floors. Second, I’m married. So the coffee spills really show up, and my wife does NOT like that. The science comes in when I loo ...
Source: PISSD   Full article at: PISSD Apr 4 2014, 5:13am CDT
 

Update: 1

Wheel Whores at TRAX!

Source: Total VauxHaul

Bundeswehr Holds Alpine Adventure Camp 2014
A visit to see the Wheel Whores crew should be high on your priority list at this year’s TRAX 2012 at Silverstone. Best Wheels Award Firstly, make sure your wheels are in top nick as they team will be wandering around the site looking for candidates for the ‘Wheels Whores Best Wheels’ award – you could win a trophy and the glory of being best in show. Rimcare for the wheel connoisseur: Secondly, Wheel Whores are proud to be launching their much-anticipated o ...
Source: Total VauxHaul   Full article at: Total VauxHaul Aug 28 2012, 3:00am CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

NCAA: Tony Gwynn on Leave from San Diego State Aztecs
NCAA: Tony Gwynn on Leave from San Diego State Aztecs
San Diego State Aztecs baseball coach Tony Gwynn, a 20-year MLB veteran, is on leave from the team due to health issues.
 
 
Sony: Mark Zuckerberg tested our VR headset before buying rival company
Sony: Mark Zuckerberg tested our VR headset before buying rival company
Facebook's latest business-gobbling venture involved acquiring a company called Oculus VR, a nascent group devoted to emerging virtual reality technology. According to new comments from Sony, the impending PS4-centric Project Morpheus may have had something to do with that.
 
 
Tracy McGrady Makes Sugar Land Skeeters Roster
Tracy McGrady Makes Sugar Land Skeeters Roster
Retired seven-time NBA All-Star Tracy McGrady made the Sugar Land Skeeters roster on April 23, fulfilling his lifelong dream of playing professional baseball.
 
 
NFL: Seattle Seahawks QB Russell Wilson Files for Divorce
NFL: Seattle Seahawks QB Russell Wilson Files for Divorce
Seattle Seahawks quarterback Russell Wilson is filing for divorce from Ashton Meem, his wife of two years, per multiple reports.
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013