Research in Motion had a relatively calm presentation to shareholders, despite the company’s huge financial losses, its planned massive layoffs, the diminishing stock price, or planned delay of BlackBerry 10 phone until next year. There’s also growing discontent with the fact that corporate customers are contemplating what they will do if BlackBerry goes bankrupt or simply isn’t viable.
“There was no mention of a sale of the company, no mention of a breakup of the company, and again, our big, big concern is if the BB10s are a dud,” said Jaguar Financial CEO Vic Alboini.
Despite all of the lingering issues, RIM’s current slate of directors were re-elected with little muss. However, much of the support for ex-CEO Mike Lazaridis, who helped put the company in its current position, eroded from shareholders in the support for his re-election as a director.
RIM CEO Thorsten Heins emphasized that success of BlackBerry will rely on its loyal business users, its various mobile-computing apps and BlackBerry 10 when it releases. “I have assembled a leadership team for RIM that’s truly capable of taking us into the future,” he told shareholders.
“We’re very focused on what we have to do both in the short term and long term,” said Richard Piasaentin, a RIM executive member. “And very explicitly, in the context of a solid foundation, we’re here for the long haul.”
Source: Brand Channel
