Rim's Downward Spiral
Jim Dalrymple via The Loop
"Jim and I have the perfect balance to make the hard decisions,” said Lazaridis. “This is fun. … We’re changing the world. We’re transforming the way people work. … We birthed a tablet in a year! … We transitioned to a new operating system!”
Guys, you are not changing the world — the world is laughing at you. The only reason you birthed a tablet in a year is because you are so far behind Apple, you had no choice but to come out with something, and that wasn’t very good.
In response to RIM's downward spiral this week, following their dismal first quarter results published yesterday, Mike Lazaridis boasts about how well Jim Balsillie and himself are running the company. The delusion that these CEOs have about their company makes Steve Balmer look like a prize CEO. I expect their stock to continue to plummet, especially if more large investors dump their shares.
