RIM CEO asks “Who can be happy and satisfied with where we are?”

RIM CEO asks “Who can be happy and satisfied with where we are?”
user1462590383 / Pixabay

RIM CEO asks "Who can be happy and satisfied with where we are?"

That is truly scary. It’s nice to hear some honest information from a CEO of a faltering company, but this might be going too far. This is a statement that makes you think that Thorsten Heins, CEO of Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM), before giving another interview, needs to take a day off, light a joint, and watch Beetlejuice. At least, this is the way he might take his mind off things a bit, and have an opportunity to listen to the wise words of Bobby McFerrin……

”Here is a little song I wrote. You might want to sing it note for note. Don’t worry be happy. In every life we have some trouble. When you worry you make it double. Don’t worry, be happy.” Unfortunately, I fear that Heins might hear the words from the second verse and these extrapolations instead.

Mohnish Pabrai On Low-Risk Opportunities And The Recycling Sector

Mohnish PabraiIn his book, The Dhandho Investor: The Low–Risk Value Method to High Returns, Mohnish Pabrai coined an investment approach known as "Heads I win; Tails I don't lose much." Q3 2021 hedge fund letters, conferences and more The principle behind this approach was relatively simple. Pabrai explained that he was only looking for securities with Read More

”Here I give you my phone number (from my iPhone or Android). When you worry call me. I make you happy. Don’t worry, be happy. Ain’t got no cash, ain’t got no style ((74% stock drop during a year, Apple Inc. (NASDAQ:AAPL) hasn’t stolen it)). Ain’t got not girl to make you smile (Girl? I’d better settle for a new OS before it’s too late).

Heins is doing right worrying about the future of RIM, but he needs to mind himself and his public statements before he scares potential buyers away as he has done with investors. Google Inc (NASDAQ:GOOG) can, certainly, buy RIM in the nearest future because of its patents for mobile devices. Alternatively, Microsoft Corporation (NASDAQ:MSFT), a more likely candidate, could overnight jump to the third place in market share, and combine their efforts to make something truly special. It may be too late, but you needn’t ring the death bells yourself.

He did seem to stop himself later in the interview, almost as though he took advice from this article……

“In January with the full touch device and the QWERTY coming, I think we will reinstall faith in RIM, that’s what we’re working on. This is what our objective is, and when I’ve talked to carriers about the delay of BlackBerry 10, the overwhelming feedback was, ‘First, thank you for letting us know in advance. Second, Q4 is mostly a prepaid quarter anyway, lot of noise coming, actually why don’t we focus on a Q1 [2013] launch and make this a major launch in Q1?'”

Now, will they make it by January?

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
Previous article ECRI’s Achuthan ‘Recession Has Started’
Next article David Einhorn Talks Charity, QE5, Education and Apple

No posts to display