RIM's CEO tandem: Portrait of pathetic

[BettorsChat]

By Larry Dignan | December 16, 2011, 3:46am PST

Summary: Co-CEOs James Balsillie and Mike Lazaridis are taking $1 in salary a year. You get what you pay for.

Research in Motion’s two CEOs have to go. The company has lost investor—and increasingly customer—confidence over the last year, its latest greatest savior OS is behind schedule, the PlayBook is a disaster and RIM could be circling the porcelain rim if it isn’t careful.

Nevertheless, RIM carries on with its current management. Co-CEOs James Balsillie and Mike Lazaridis are taking $1 in salary a year. This token gesture inspires instant cynicism. The two may only be worth $1 a year at this point. You get what you pay for.

RIM's CEO tandem: Portrait of pathetic | ZDNet

[Watchtower76]

It's not the beginning of the end. That was a few quarters ago. So, the middle of the end for RIM? Or the end of the end? RIMM sucks and should be worth $0 unless obama and everyone else in washington have stock options in this worthless company, great earnings by the way, and this was even after a earnings warning 1 month ago...

Via Bloomberg:

RESEARCH IN MOTION 3Q ADJ. EPS $1.27
RESEARCH IN MOTION 3Q REV. $5.17B, EST. $5.22B
RESEARCH IN MOTION SEES 4Q ADJ EPS 80C-95C, EST.$1.08
RIMM SEES 4Q BLACKBERRY SHIPMENTS 11M-12M UNITS, EST. 12.8M
RIMM SEES 4Q REVENUE OF $4600-4800bn, EST. $4854.30

RESEARCH IN MOTION 3Q GROSS MARGIN 36.7%, EST. 37.1%
RESEARCH IN MOTION SEES 4Q GROSS MARGIN 38%
RIMM SHIPPED 150,000 BLACKBERRY PLAYBOOK TABLETS IN 3Q - that would be the since cancelled Playbook yes?
Also, if you though churn was reserved for GM and for rehypothecation, you were wrong:

RIMM 3Q SUBSCRIBERS UP 35% YEAR-OVER-YEAR TO ALMOST 75M
And so the once uber-popular Momo stocks dropping like flies.

[vols fan]

Portrait Of Pathetic??? Guess that means your going to be the next Guess the Member

[BettorsChat]

Portrait Of Pathetic??? Guess that means your going to be the next Guess the Member

Vols let me tell you this I like women not men. As you seem to be following and sniffing at my ass on every post.

[The Lovedoc]

i was looking into this stock a few weeks back... Thank god i didn't pull the trigger!

[vols fan]

Vols let me tell you this I like women not men. As you seem to be following and sniffing at my ass on every post.

Your threads were the only ones on the whole first page so I didn't have much of a choice

[BettorsChat]

Your threads were the only ones on the whole first page so I didn't have much of a choice

Wrong you could have made some original threads

[moondog22]

Nokia will buy out Rim,its Rims only hope for survival