Tag: Mike-Laziridis

BlackBerry Cool Roundup for the Week of December 25th


Inverted BlackBerry Cool Zen Background Image

Hopefully you had a great New Year’s and you’re enjoying a long holiday. There were some cool apps launched this week as well as some good editorials. If you’ve been taking a break from the blogs, here is a recap post to get you up to speed.
Click through for a breakdown of the past week

FP Tech Desk Interviews Mike Lazaridis About Tablets, Apps and RIM



The Financial Post have an interesting interview with co-CEO of RIM Mike Lazaridis about the history of RIM, his thoughts on tablets, apps and the future of the industry with respect to infrastructure.

Here are some of my favorite questions:

Financial Post: For a while there, there was a trend towards smaller devices, the smaller the better. Now there’s a lot of talk about larger screen sizes and how big of a screen can a smart phone support. Now the big question is who is going to wade into tablet territory, not quite the size of a PC or a laptop, not quite the size of a smart phone. What trends are you seeing on the horizon?
Click through for more insightful questions and answers from Mike Lazaridis

Co-CEO of RIM Jim Balsillie talks about the year in review



As we approach the end of 2009, it was, to say the least, an interesting year for Research in Motion. The National Post recently wrote an article with some quotes from the co-CEO Jim Balsillie that show he and Mike Lazaridis are pleased with progress and very optimistic moving forward.
Continue reading about the year in review and comments from Balsillie

RIM gets asked about BlackBerry devices for children at AGM



RIM’s Annual General Shareholders’ meeting was last week, July 15th, and some of the best news to come out of it was actually from a child in the audience. While he probably isn’t a shareholder, he had a good question for the RIM executives.

“Are you going to make a phone more for kids so that my Mom will let me get one?” the kid asked.

While Jim Balsillie and Mike Lazaridis didn’t have a concrete answer for the kid, they seemed optimistic. “There’s lots of opportunity and, you know, if the current BlackBerrys aren’t acceptable to your mother, hopefully the next ones will,” Lazaridis said.

This is an interesting market as children are becoming more tech savvy at increasingly younger ages. Who knows, maybe in 10 years your 5 year old will be hooked up to a BES and getting push email.

Other news at the AGM included a chat about the sponsorship behind the U2 360 Tour, to get more consumers interested in BlackBerry devices.



Mike Lazaridis on RIM strategy and BlackBerry technology


Walt Mossberg sat down with RIM co-CEO Mike Lazaridis to talk BlackBerry. The interview was presented on D7 by All Thing Digital.

The interview started off with a fundamental question about RIM’s shift to the consumer space. According to Mike, RIM was pushed into the space from demand. Consumers were asking for the functionality of BlackBerry and it just made sense for them to enter the consumer market.

One of the issues Mike Lazaridis touches on, the “big white elephant in the room,” is network capacity. Mike believes we need to overcome some issues of network capacity in order for the full potential of these devices to be reached. “Voice usage doesn’t scale exponentially,” Lazaridis says. “But data usage does….If we don’t get ahead of this problem and make things scalable and ensure that applications aren’t so data intensive,” we’re in trouble apparently. The industry needs to come together to resolve these issues before we’ve gone too far. Remember, voice and data often share the same bandwidth, and they’ll both suffer as data usage increases. He says RIM works very closely with AT&T (T) to optimize its radio code and its network so that everyone benefits. That said, “it may be a mistake to assume that you’re going to get the wired broadband experience in a wireless environment.

Something I’ve been discussing with companies in the BlackBerry space that Walt touched on is security from a developers standpoint. The fact that RIM started as a company for enterprise and is shifting to consumer, provides them with a competitive advantage. The robust security features of BlackBerry came from an enterprise need and they’re only beneficial to the consumer. “We believe that over time, consumers will start to value the BlackBerry’s security accreditations.” RIM’s devices apparently have the largest number of these in the industry. And that should make consumers confident in the company’s devices. RIM has done its best to make it platform secure and scalable and that has served the company well as it caters to its core base in enterprise. Lazaridis seems to be saying that RIM’s position in the enterprise is so strong that he’s not worried about Apple (AAPL) or Microsoft (MSFT).

Walt uses the interview with Mike as an opportunity to take a jab at the BlackBerry Storm. Yes, the Storm could have been better in that it was a first build and there are several improvements that could have been made. On the other hand, RIM knows the smartphone space better than Apple and you can be assured that the Storm 2 will be a better typing and user experience. When Walt asks if the Storm’s SurePress screen is here to stay, Lazaridis says it is. He didn’t comment on rumors that it will figure prominently in RIM’s next device



BREAKING: RIM settles with OSC for $76 million, Balsillie to step down from board


Mike Lazaridis and Jim Balsillie

Woah. It looks like the Ontario Securities Commission has made their decision on a possible settlement with RIM over their backdating scandal. The news is fresh as of an hour ago, so I’m just going to quote straight from Reuters:

Research In Motion Co-Chief Executive Jim Balsillie will step down from the board and, along with other executives of the company that makes the BlackBerry smartphone, will repay tens of millions of dollars to settle stock-option allegations dating back to 1996.

Under the pact reached with the Ontario Securities Commission and approved on Thursday, Balsillie will pay a penalty of C$5 million ($4.1 million), while Co-Chief Executive Mike Lazaridis will pay a C$1.5 million penalty. The two men also must pay investigation costs to the regulator.

The agreement also stipulates that the two co-CEOs and RIM’s former CFO, Dennis Kavelman, will repay C$38.3 million to the company. They must also repay about C$30 million to cover the costs of a voluntary internal probe into the matter undertaken by RIM earlier.

Balsillie and Lazaridis had already paid C$15 million to offset the costs of the Waterloo, Ontario-based company’s internal review. Balsillie may not serve on RIM’s board for at least 12 months as part of the settlement, and Kavelman must pay a C$1.5 million penalty.

The OSC alleged the executives backdated and repriced stock options using dates on which the market price of RIM’s shares was relatively low. Handing out options at the lower prices had the effect of improperly enriching the recipients and, the OSC alleged, could have deprived RIM of about C$66 million.

It’s a huge chunk of change, but at least RIM can now put this whole affair behind them. You can see statements from Balsillie and the OSC after the jump.

|via Reuters|

Continue reading ‘BREAKING: RIM settles with OSC for $76 million, Balsillie to step down from board’