Tag: rimm

Executive Team Honing RIM’s New Image

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I’ve noticed that Thorsten Heins’ freshly shuffled management team has been conducting more interviews recently. It’s a big change from before RIM’s new CMO Frank Boulben took the top job as RIMs chief marketer.
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Share Price and BBM Down: Bad Timing To Say the Least

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You may have noticed BBM down today as the service has been acting up for various regions and carriers. We have reports from both Toronto and Waterloo that BBM isn’t working. Have you experienced any problems? Let us know. More details after the break.
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RIM Gives Anonymous Response to Anonymous Open Letter

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anonymous

Today, an anonymous open letter from a supposed “high level exec” was published and it drew enough attention for RIM to respond to said open letter with its own anonymous response. Written by simply “Research In Motion” on the official BlackBerry blog, the post responds by pointing out that RIM is ending a transition period and is addressing the issues brought up in the letter. To recap, here are the issues brought up:

1) Focus on the End User experience
2) Recruit Senior SW Leaders & enable decision-making
3) Cut projects to the bone.
4) Developers, not Carriers can now make or break us
5) Need for serious marketing punch to create end user desire
6) No Accountability – Canadians are too nice
7) The press and analysts are pissing you off. Don’t snap. Now is the time for humility with a dash of paranoia.
8) Democratise. Engage and interact with your employees — please!

Generally, the points are really solid but maybe it wasn’t a good idea for the source to put the article on something like BGR and not internally where these issues can be addressed behind closed doors. On the other hand, maybe it takes hitting the media for RIM to actually recognize these issues need to be fixed yesterday and “we’re working on it” isn’t really good enough. Take the open letter from Jamie Murai as an example of things that developers have been complaining about for a while, but nothing has happened until it was published across the web for all to see. Sometimes you need to be humiliated into making things better and perhaps this letter may just do the trick. View the full letter at this link and head over to Inside BlackBerry for the response.

-Written by anonymous “BlackBerry Cool”

RIM’s is Financially Sound and Earnings Are Very Attractive

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RIM corporate

There are a lot of websites claiming RIM is dead and the BlackBerry is out. This isn’t the case when you look at the future device and OS roadmap and it’s especially not true when you look at the company’s financials. iStockAnalyst did a good breakdown of some key metrics. Highlights include:

  • For companies such as RIMM that maintain significant inventories, inventory to sales ratio is a key performance indicator. Inventory to sales for RIMM was 4.41 percent last year, while for this year it is 3.10 percent. Since inventory to sales has decreased from last year by -1.31 percent, RIMM’s inventory management seems to be good.
  • RIMM’s sales of $20.6 billion, based on trailing 12 month sales is higher than the sales for the year ended February 2011, which means demand for the company’s products is increasing (I think this is valid even when we consider price inflation). RIMM’s current ratio of 2.04 indicates that the company is managing its operations conservatively.
  • The long-term debt for RIMM is $0.0 million, while the net current assets are $4.1 billion, this indicates that the company’s financial position is very sound.
  • Currently, the company’s P/E of 4.11 relative to the growth rate of 51.23 percent, based on the average of the three, four and five year historical EPS growth rates, is very attractive.

Read more at “Should You Invest in Research in Motion” at iStockAnalyst.

Now Seems Like a Great Time to Buy RIMM Stock

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RIMM

RIMM stock took a pretty incredible nose dive yesterday after the quarterly conference call. Investors have been really bearish on the stock for a few reasons including:

1) Initial reviews of the PlayBook
2) Worldwide shipments are slowing
3) Lack of ability to create hyped launches
4) Rumored carrier support withdrawal
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