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(USA Today)   Good: RIM reports profit. Bad: Profit is 97% lower than for same quarter last year. Fark: That's still better than expected   (usatoday.com) divider line 36
    More: Unlikely, rim, adjusted basis  
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723 clicks; posted to Business » on 21 Dec 2012 at 5:02 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



36 Comments   (+0 »)
   
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2012-12-21 05:07:00 PM
What does this mean for RIM jobs?
 
2012-12-21 05:11:40 PM

Funbags: What does this mean for RIM jobs?


They're going to go deep?
 
2012-12-21 05:15:31 PM

Grapple: Funbags: What does this mean for RIM jobs?

They're going to go deep?


They are doing it wrong.
 
2012-12-21 05:18:36 PM
Still made a profit.  Better lay off half your workforce.
 
2012-12-21 05:33:28 PM

GAT_00: Still made a profit.  Better lay off half your workforce.


Half?  That'll only get profits back to 2/3 their year-over-year levels.

Lay off everybody!  Infinite profit!
 
2012-12-21 06:00:04 PM
Why does everyone have such a hate for this new company called RIM?

Its a very young company that has had a few stumbling blocks in their short time since startup, but I see great things in the future and in no time they will start to get people away from the apple and Samsung products.

/s
//seriously /s
///Oh you mean they were a number one company for lots of years and then stupidity and laziness almost killed it? Amazing.
 
2012-12-21 06:09:17 PM

Funbags: What does this mean for RIM jobs?


They must suck?
 
2012-12-21 06:14:18 PM

sheep snorter: Why does everyone have such a hate for this new company called RIM?

Its a very young company that has had a few stumbling blocks in their short time since startup, but I see great things in the future and in no time they will start to get people away from the apple and Samsung products.

/s
//seriously /s
///Oh you mean they were a number one company for lots of years and then stupidity and laziness almost killed it? Amazing.


It's the Canada way.
 
2012-12-21 06:22:05 PM

Kuroshin: GAT_00: Still made a profit.  Better lay off half your workforce.

Half?  That'll only get profits back to 2/3 their year-over-year levels.

Lay off everybody!  Infinite profit!


I like the cut of your jib.
 
2012-12-21 06:55:38 PM

Boudica's War Tampon: Kuroshin: GAT_00: Still made a profit.  Better lay off half your workforce.

Half?  That'll only get profits back to 2/3 their year-over-year levels.

Lay off everybody!  Infinite profit!

I like the cut of your jib.


I had to cut it in order to increase shareholder value.
 
2012-12-21 07:02:27 PM

sheep snorter: Why does everyone have such a hate for this new company called RIM?

Its a very young company that has had a few stumbling blocks in their short time since startup, but I see great things in the future and in no time they will start to get people away from the apple and Samsung products.

/s
//seriously /s
///Oh you mean they were a number one company for lots of years and then stupidity and laziness almost killed it? Amazing.


Yes, their next product release could be their Waterloo. Or their Kitchener.
 
2012-12-21 08:10:27 PM
CNBC was carrying on yesterday as if I was a horrible person for not owning stock in RIM. Fark'em. When that new Blackberry touchscreen smartphone comes out, people will look at it, say "it's not an iPhone" and move on.
 
2012-12-21 08:15:04 PM

Funbags: What does this mean for RIM jobs?


They're hard to come by.
 
2012-12-21 09:24:36 PM

sheep snorter: Why does everyone have such a hate for this new company called RIM?

Its a very young company that has had a few stumbling blocks in their short time since startup, but I see great things in the future and in no time they will start to get people away from the apple and Samsung products.

/s
//seriously /s
///Oh you mean they were a number one company for lots of years and then stupidity and laziness almost killed it? Amazing.


This. Loved my Crackberries. fark them.
 
2012-12-21 09:43:17 PM
Can someone tell me why RIM is still around? Or how long they can still hang on?
 
2012-12-21 10:08:17 PM

DubyaHater: CNBC was carrying on yesterday as if I was a horrible person for not owning stock in RIM.


I wish I had enough money to play the stock market.  I know who I'd be shorting.
 
2012-12-21 11:16:56 PM

AeAe: Can someone tell me why RIM is still around? Or how long they can still hang on?


I work for a company with about 75,000 employees, and if anyone needs a phone for work, they get issued a BlackBerry. No "bring your own device", and no iPhones or Androids. My guess is that if it weren't for companies like mine, RIM would have gone bankrupt years ago.

Of course, if/when my company and companies like it decide that it's more cost-effective to switch to iPhones or Android phones than to stick with BlackBerry, RIM is basically doomed.
 
2012-12-22 04:07:04 AM

anfrind: I work for a company with about 75,000 employees, and if anyone needs a phone for work, they get issued a BlackBerry. No "bring your own device", and no iPhones or Androids. My guess is that if it weren't for companies like mine, RIM would have gone bankrupt years ago.

Of course, if/when my company and companies like it decide that it's more cost-effective to switch to iPhones or Android phones than to stick with BlackBerry, RIM is basically doomed.


Almost every week, I read that $BigCompany or $GovernmentAgency is doing exactly that.  I don't -  ever - read that $BigCompany or $GovernmentAgency is ditching Android or iPhone for BlackBerry.  So unless BB10 sells like hotcakes covered in cocaine which in turn is covered in nymphomaniacal Miss Universe contestants... it's only a matter of time, and RIM knows it.
 
2012-12-22 05:41:28 AM

anfrind: AeAe: Can someone tell me why RIM is still around? Or how long they can still hang on?

I work for a company with about 75,000 employees, and if anyone needs a phone for work, they get issued a BlackBerry. No "bring your own device", and no iPhones or Androids. My guess is that if it weren't for companies like mine, RIM would have gone bankrupt years ago.

Of course, if/when my company and companies like it decide that it's more cost-effective to switch to iPhones or Android phones than to stick with BlackBerry, RIM is basically doomed.


Lemme guess... IBM? Every one of those guys have BBs when they show up to fix stuff at my data center. But then most of the guys who show up are 60+ yrs old. Not a sexy target market. I don't see anyone else anywhere carrying one now.

And I dumped my Sprint BB about 4 yrs ago, just handed it to the kid at the store and said "give me a real phone". Kid said "you want credit for this?" I said "junk it."
 
2012-12-22 05:45:19 AM

dbirchall: anfrind: I work for a company with about 75,000 employees, and if anyone needs a phone for work, they get issued a BlackBerry. No "bring your own device", and no iPhones or Androids. My guess is that if it weren't for companies like mine, RIM would have gone bankrupt years ago.

Of course, if/when my company and companies like it decide that it's more cost-effective to switch to iPhones or Android phones than to stick with BlackBerry, RIM is basically doomed.

Almost every week, I read that $BigCompany or $GovernmentAgency is doing exactly that.  I don't -  ever - read that $BigCompany or $GovernmentAgency is ditching Android or iPhone for BlackBerry.  So unless BB10 sells like hotcakes covered in cocaine which in turn is covered in nymphomaniacal Miss Universe contestants... it's only a matter of time, and RIM knows it.


Well, the hell with RIMM, I'm going to invest in whoever is making these hotcakes.

/I know a good business plan when I hear it
 
2012-12-22 09:44:21 AM
I'm just surprised they turned a profit last year, even if we're just talking about 4Q.
 
2012-12-22 12:07:08 PM

CognaciousThunk: Kid said "you want credit for this?" I said "junk it."


Oh, look at me: I have so much money I tell the kid at the store that I don't want credit for my blackberry.
 
2012-12-22 01:16:09 PM
I don't understand why people want to see RIM fail. I understand why people don't like most, if not all, of the current products offered by RIM. But the new stuff is new. It's not just "oh this is the next version" new, it's new, as far as I can tell, in every possible way. Every line of code - and a lot of cool tooling for writing stuff. So while I understand disappointment and being frustrated with what is, what's to gain by hoping for failure? At what point does less competition, no matter how little, benefit you the consumer?
 
2012-12-22 01:51:55 PM

daveinsurgent: I don't understand why people want to see RIM fail. I understand why people don't like most, if not all, of the current products offered by RIM. But the new stuff is new. It's not just "oh this is the next version" new, it's new, as far as I can tell, in every possible way. Every line of code - and a lot of cool tooling for writing stuff. So while I understand disappointment and being frustrated with what is, what's to gain by hoping for failure? At what point does less competition, no matter how little, benefit you the consumer?


1982 is so new and exciting. ;)

(And yes, I know, to be fair, iOS is based on BSD, which dates to 1977.)

Competition  does benefit the consumer, to an extent.  If you have two or three OSes with serious marketshare and/or financial backing, that's great - developers are likely to release their products for all of them.  But if the developers are committed to releasing products for the top two or three OSes, and there are several other OSes out there that  don't have serious marketshare or financial backing, then people buy phones and wonder why they can't get apps for them.

I take it you don't have any less than tech-savvy friends who want you to explain where and how they can get $app for their BlackBerry, and you thus don't have to explain that it depends on whether their carrier even allows them to have that app, and so on and so forth?  I sure do.

All this said, if BB10 is really compelling, it has a shot at taking the #3 spot from Windows Phone, since that's still not really competing with Android and iOS.  I'm already amused that the top mobile OSes are based on SysV and BSD, respectively; I'm okay with having a Windows flavor in the market, but I suppose QNX wouldn't be bad either.
 
2012-12-22 03:03:35 PM
Without schadenfruede, here are some reasons RIM is doomed, even with BB10:

- RIM has always been an enterprise product
- Most enterprises are going to a BYOD as workers demand iOS and Android
- The BB10 requires a proprietary premise based BES server and will not support a cloud based management service like Mobile Iron or Airwatch
- While the new BES will support iOS and Android, rumor is that it will not support BB7 and earlier devices, meaning legacy customers will have to have two BES servers
- Despite premised based installation means all email still goes through RIM's network, so when it goes down again bye bye email. Those outages have KILLED enterprise confidence in their network

There's more but that's enough.
 
2012-12-22 03:18:39 PM

dbirchall: Competition does benefit the consumer, to an extent. If you have two or three OSes with serious marketshare and/or financial backing, that's great - developers are likely to release their products for all of them. But if the developers are committed to releasing products for the top two or three OSes, and there are several other OSes out there that don't have serious marketshare or financial backing, then people buy phones and wonder why they can't get apps for them.


Gotta agree with this. I have an HTC One X+, the wife a 4S. A hell of a lot of good apps out there. I had a windows phone. Still miss the experience to some exent (OS was actually very elegant). The problem I had was apps, plain and simple. Now, I want windows phone to succeed, simply because their OS vision is different enough that they bring a different take and completition. They just need to get some apps. They have Microsoft behind them, which for good or ill, means there is enough cash to keep them afloat for a while. RIM? Not so much, their market share is small and diminishing, and they don't have the cash to wait it out like Microsoft does. Microsoft is playing the XBox game with mobile: Make sure they are a viable 3rd choice and wait for the competition to screw up (which they will). The problem is that mobile is so dynamic it requires a lot more nimbleness that microsoft is used to providing. The plus is that mobile is so dynamic that people aren't as wedded to their devices like they are with a game console (althought apps are the glue that Apple and Google hope will keep people coming back)
 
2012-12-22 11:49:37 PM

daveinsurgent: At what point does less competition, no matter how little, benefit you the consumer?


I think its just innately satisfying to see a product/service so poorly designed, and poorly marketed fail. Call it "proof capitalism works", although the cult of Apple appears to provide a curious exception.
 
2012-12-23 12:52:56 AM

daveinsurgent: I don't understand why people want to see RIM fail. I understand why people don't like most, if not all, of the current products offered by RIM. But the new stuff is new. It's not just "oh this is the next version" new, it's new, as far as I can tell, in every possible way. Every line of code - and a lot of cool tooling for writing stuff. So while I understand disappointment and being frustrated with what is, what's to gain by hoping for failure? At what point does less competition, no matter how little, benefit you the consumer?


Agree. Wait about three years (if they hang on) and it will be a new counterculture hipster "look at me! RIM employees aren't jumping off buildings" phenomenon.
 
2012-12-23 03:28:37 AM

anfrind: AeAe: Can someone tell me why RIM is still around? Or how long they can still hang on?

I work for a company with about 75,000 employees, and if anyone needs a phone for work, they get issued a BlackBerry. No "bring your own device", and no iPhones or Androids. My guess is that if it weren't for companies like mine, RIM would have gone bankrupt years ago.

Of course, if/when my company and companies like it decide that it's more cost-effective to switch to iPhones or Android phones than to stick with BlackBerry, RIM is basically doomed.


I work for a huge telecom and I still carry a Blackberry too. We use the iPhone too but my manager won't let me get that because my BB still works. We probably have a huge investment in the technology but I just can't imagine that it's worth using something that seems to be barely hanging on. It's too mission critical a system for that. But what do I know..
 
2012-12-23 05:12:38 AM
One of the big plusses for BES is that's it has an always-on VPN so you have constant access to internal enterprise apps and data without having to do much more than unlock your screen.

I don't want apps on my phone. I want it to be a phone and a PIM. I have a tablet to play the occasional game.
 
2012-12-23 09:26:32 AM

Funbags: daveinsurgent: At what point does less competition, no matter how little, benefit you the consumer?

I think its just innately satisfying to see a product/service so poorly designed, and poorly marketed fail. Call it "proof capitalism works", although the cult of Apple appears to provide a curious exception.


But that's not what I asked about. You're still referring to the old stuff. The new stuff is yet to be seen. So why hope for failure?
 
2012-12-23 09:42:45 AM

GAT_00: Still made a profit.  Better lay off half your workforce.


So Ron Johnson is running RIM now?
 
2012-12-23 04:20:59 PM

Funbags: I think its just innately satisfying to see a product/service so poorly designed, and poorly marketed fail. Call it "proof capitalism works", although the cult of Apple appears to provide a curious exception.


you're telling me that apple devices are poorly designed and poorly marketed, and yet they still succeed because of their cult following? they're expected to sell ~45 million iphones this quarter. so there are 45 million cultists out there that are keeping apple afloat, by buying this junk? got it.
 
2012-12-24 02:14:14 AM

shiate: Funbags: I think its just innately satisfying to see a product/service so poorly designed, and poorly marketed fail. Call it "proof capitalism works", although the cult of Apple appears to provide a curious exception.

you're telling me that apple devices are poorly designed and poorly marketed, and yet they still succeed because of their cult following? they're expected to sell ~45 million iphones this quarter. so there are 45 million cultists out there that are keeping apple afloat, by buying this junk? got it.


What's the membership of the Catholic Church[tm] despite their leaders being caught abusing children?
 
2012-12-24 10:52:55 AM

lohphat: What's the membership of the Catholic Church[tm] despite their leaders being caught abusing children?


that... doesn't even make any sense.
 
2012-12-24 08:28:20 PM

shiate: lohphat: What's the membership of the Catholic Church[tm] despite their leaders being caught abusing children?

that... doesn't even make any sense.


It does when you consider the leadership being self-serving criminals and the membership just continues to participate like nothing happened.
 
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