John Paczkowski

Recent Posts by John Paczkowski

RIM Shareholder: If You Can’t Fix RIM, Then Sell It

Research In Motion is broken, and if co-CEOs Jim Balsillie and Mike Lazaridis aren’t capable of fixing it, the company should sell itself or sell off its patent portfolio.

That’s the gist of the call for action put forth by RIM shareholder Jaguar Financial, which has clearly grown tired of watching the company’s sad scramble to regain relevancy.

“The status quo is not acceptable, the company cannot sit still,” Jaguar CEO Vic Alboini said in a letter to RIM’s board of directors. “It is time for transformational change. The directors need to seize the reins to maximize shareholder value before more market value is lost.”

And RIM’s lost plenty of that already. The company’s share price has plummeted more than 80 percent since June of 2008, when it hovered around $149. It has fallen nearly 50 percent this year alone, despite management’s “just you wait” assurances. So Alboini figures it’s about time RIM establish a committee of four or five independent directors to consider the company’s options if the big transition to the QNX operating system doesn’t rejuvenate the BlackBerry as hoped.

“You cannot put all your eggs in one basket,” Alboini told Bloomberg. “The board should be saying, ‘What if these products don’t pan out?’ You don’t want RIM to turn into another Nortel. … This decline in the company’s standing can largely be attributed to significant execution delays, inadequate mobile applications and the lack of a competitive product that addresses the needs of the consumer marketplace.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work