Investors greeted new Research in Motion CEO Thorsten Heins by promptly dumping the company’s shares on Monday, as analysts and industry observers questioned whether the shakeup will reverse the Blackberry-maker’s waning fortunes. In several interviews and a video posted by the company, Heins insisted that the company is on the right track and no major change [...]
If you took the statements of new Research in Motion (NSDQ: RIMM) CEO Thorsten Heins this morning at face value, you might walk away thinking the company’s many problems stem from confused marketing and poor execution. They don’t: it’s all about the product, stupid, and that’s why the investors who clamored for RIM to name a new CEO are not impressed with the early returns.
Board Acts on Recommendation of Co-CEOs to Implement Succession Plan • Mike Lazaridis Named Vice Chair of the Board • Jim Balsillie Remains a Director • Barbara Stymiest Named Independent Board Chair • Prem Watsa Named Independent Director Waterloo,...Show More Summary
Meet Thorsten Heins, the new President and CEO of Research In Motion. To hear more from Thorsten on RIM's strengths, the next 5 years, on his proudest moment and other topics, visit the Inside BlackBerry Blog. http://bbry.lv/Meet_Thorsten [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Companies that would have simultaneously two executive directors, but Research in Motion, until recently, belonged to just such a minority. However, on 22 January, both co-CEO Mike Lazaridis (Mike Lazaridis) and Jim Balzile (Jim Balsillie) away from his post, and in their place came just one person - Thorstein Haynes (Thorsten Heins). Show More Summary
Research in Motion Ltd. faced a lot of heat from investors and activists ahead of the decision of longtime leaders Jim Balsillie and Mike Lazaridis to step aside. But it hasn't quelled the fire.
The co-Chief Executive Officers of Research In Motion, Mike Lazaridis and Jim Balsillie, have stepped down from their positions as CEOs and handed the reins over to Thorsten Heins.
“Mitt Romney conveys all the business acumen of a co-CEO of Research in Motion, both of who are themselves losing their jobs.” A friend of mine pointed out this morning that Mitt Romney has outspent Newt Gingrich $7 million to $.0008 million in Florida just to watch his 15 pt lead implode overnight. The Republican base does not trust Mitt Romney. Show More Summary
Citigroup analyst Jim Suva this morning added Research In Motion to the firm’s Top Picks Live list, repeating his Sell rating and $12 target. The move follows the announcement by the company last night that co-CEOs Mike Lazaridis and Jim Balsillie are handing over the top job to co-COO Thorsten Heins. To say the least, [...]
Research In Motion rose to prominence (and domination of the smartphone market) by controlling both the hardware and software used in its phones, but the company now finds itself behind Apple's iPhone and Google's Android mobile operating system. Show More Summary
“I don't think that there is some drastic change needed. We are evolving.... But this is not a seismic change.” ||| The new leader at Research In Motion said on Monday the Blackberry maker did not need seismic change, a declaration seized...Show More Summary
Following last night’s news that Research In Motion has named Thorsten Heins as CEO, replacing former co-CEOs Jim Balsillie and Mike Lazaridis, ThinkEquity analyst Mark McKechnie this morning cut his rating on the stock to Hold from Buy, though he did boost his target on the stock to $18, from $16. “We are encouraged by [...]
Research In Motion Limited (RIMM) January 23, 2012 8:00 am ET Executives Thorsten Heins - Unknown Executive - Barbara G. Stymiest - Director and Chairman of Audit & Risk Management Committee Analysts Richard Kramer - Arete Research Services LLP Tavis C. Show More Summary
Research In Motion hasn’t just had a difficult time innovating since the iPhone was first introduced, the company has had trouble innovating ever since its product started to morph into something more than a simple email messaging device. Show More Summary
Despite the fact that it has a new CEO at the helm, Research in Motion will not see a major shakeup in the near future, and will continue to support the PlayBook tablet and the BlackBerry 10 platform as previously planned.
Thorsten Heins, Research in Motion's new CEO, told analysts this morning that he isn't looking to sell the troubled device maker.
Research in Motion announced Sunday that it has appointed a new chief executive and president of the board, replacing Jim Balsillie and Mike Lazaridis as co-chief executives and co-chairmen. The company’s board of directors announced...Show More Summary
On Sunday, the mobile world was rocked by news that embattled smartphone maker RIM is losing two of its top executives. Research in Motion co-founders Mike Lazaridis and Jim Balsillie have voluntarily stepped down. Both men served as co-chief executive officers and co-chairmen of the board. According to details made available late Sunday, the former [...]
Research in Motion announced over the weekend that the company’s two co-founders have stepped down as co-CEOs of the embattled BlackBerry maker in favor of two relative unknowns. RIM’s Chief Operating Officer Thorsten Heins becomes the new CEO while Royal Bank of Canada executive Barbara Stymiest was named independent chair. “There comes a time in [...]Show More Summary
What do you get when you mix a train wreck ravaged by a tornado then washed away with the torrents of a tsunami? That would be BlackBerry maker Research In Motion. Now the company has a new chief executive, as co-CEOs Jim Balsillie and...Show More Summary