RIM Finally Reacts – But is it Enough?

Research in Motion today announced that Mike Lazaridis and Jim Balsillie, the two co-CEOs and co-Chair’s on the board have resigned.  A company insider, Thorsten Heins, who prior to joining RIM four years ago was with Siemens, has taken the reins of the company as the new CEO.

I have been posting for the past two and a half years on this topic and have raised my concerns and position that RIM would not survive unless it made significant changes.  While this may be somewhat significant, my opinion remains that it is too little, too late.  Handing the reins over to a company insider – someone that has been as involved in the failed strategy and execution RIM has undertaken the past few years does not provide any sense of assurance that suddenly they will be on the right track.

Time will tell.  The market may respond somewhat positively in the short term but I predict that nothing will change for RIM and RIM will be facing the same challenges in the long term.  The only caveat to that opinion is whether or not RIM has ‘groundbreaking’ and industry changing technology that will fundamentally shift the the market – I tend to believe that it does not exist.  At least not with RIM.

About Grant Fengstad

I’m a technology professional in the travel and transportation sector and have been very involved with the Internet for over 20 years.