RIM loses two more top executives

By on April 8, 2012
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All hands abandon ship!

Over the weekend news came out that two of RIM’s top executives have apparently left the company. Alan Brenner, a senior vice president for the BlackBerry platform, will leave after a transition period, and Alistair Mitchell, a vice president for the BlackBerry Messenger service, has already left the Canadian smartphone giant.

These two executives come after several others have also left RIM in the last week after posting the $125 million net loss for Q4 2012. Once a global smartphone leader, with their highest share price recorded in February 2011 at $70 a share, RIM has lost a lot in the face of stiff competitions from Apple and Android; their share price closing at $12.67 on Thursday last week.

A part of their internal restructuring, RIM’s new CEO Thorsten Heins, who took over in January after Mike Lazaridis and Jim Balsillie resigned in January this year, has said that moving forward the company is reconsidering their strategic options. These new options include partnerships and joint venture deals with other firms, licensing out software technologies, and even outright sale of the firm is not outside the realm of possibility.

Time will tell how the BlackBerry manufacturer will fare in the uphill battle against industry giants such as Apple, Android and Nokia (with Windows Phone).


About

From auditing to editing, I now test and analyze the latest gadgets and games instead of the latest financial statements. Both jobs are equally intense and rewarding. When I'm not burning up hardware in the name of science, you'll find me nuking in DOTA 2 or engineering in TF2.

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