Rim Rip Is In Its Death Spiral
There is no way to sugarcoat today’s announcement from the once-great Blackberry-maker RIM. The company is, after years of putting its head in the sand, finally taking drastic measures to change course, including getting rid of former Co-CEO and current board member Jim Balsillie and its CTO and COO (loooong overdue). Revenues are way down—and so are unit sales and prospects. So, where is the way out of this mess? RIM says it is looking for “strategic business-model alternatives....