When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Wednesday, July 11, 2012

BlackBerry’s Latest Delay Could Lead to Lawsuits

I once had a BlackBerry phone--I bought it in December, 2010 (it was a new model at the time of purchase)--and it lasted 19 months when it unexpectedly "died." Long story short--the carrier no longer sells that model and provides no support (no replacement batteries, etc.)--so I re-activated the old phone I used prior to the BlackBerry, and I will buy a new Android phone sometime in the near future. I will never buy another BlackBerry.

IMHO, anyone who buys a BlackBerry is asking for problems--not only are the phones inferior to iPhones, Androids, and Window phones, but I'm not sure RIM (maker of BlackBerry phones) will even be around much longer--Mr. Heins (CEO of RIM) is about to get a very expensive education:

BlackBerry’s Latest Delay Could Lead to Lawsuits - NYTimes.com: "Several securities law experts and some investors say the delay in the BlackBerry 10, and overly optimistic remarks as recently as last week by Mr. Heins since he took over the top job in January, may also make RIM the target of shareholder lawsuits. “They’re going to get sued and they should get sued because I think a closer look at the record is likely to unearth knowing and willful misrepresentation,” said Jean-Louis Gassée, the former president of Apple’s products division and the founder of the software maker Be, who is now a venture capitalist and blogger in Palo Alto, Calif. “When the C.E.O. says there’s nothing wrong with the company as it is, it’s not cautious, it doesn’t make sense.”"

I (and many, many others) have been noting the problems at RIM for well over a year, and yet the CEO still says "there's nothing wrong with the company." Really?


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects