Breaking: Co-CEO's Balsillie and Lazaridis Resign from RIM

By Gadjo Cardenas Sevilla

Jim Balsillie and Mike Lazaridis, co-CEO's and chairs of BlackBerry maker Research In Motion have both resigned their position from the beleaguered company. Reports circulating Sunday evening stated that the co-CEO's would step down Monday and effectively be replaced by Thorsten Heins who was previously COO while  Barbara Stymiest, has replaced them as chairwoman of RIM's board. 

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SourceCode: RIM's Year of Living Dangerously

By Gadjo Cardenas Sevilla

2011 has been Research In Motion’s annus horribilis. The past 12 months, the BlackBerry maker has often found itself in the news and on the defensive for a long list of truly unfortunate and often embarrassing reasons. But how serious is the situation at RIM?

The company was worth more than $70 billion a few years ago and today has a market value of around $8 billion. In 2004, RIM's stock value was $144 a share, when the markets closed Friday it was $13.44 a share.

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PlayBook discounts to cost RIM US $485 Million

RIM said it has taken a US $485 million hit because of heavy discounts to its BlackBerry PlayBook and as a result expects to miss its financial targets for the year. The October week-long service outage that affected users in various countries also cost the company $50 milliion.

RIM began discounting the PlayBook recently, shaving off $300 from the tablet's price and as a result the devices have been selling steadily. Many hope that with more PlayBooks in the hands of customers that RIM's discounting will pay off for them in the long run.

Brand Finance: Beleaguered BlackBerry Brand loses $1 Billion in value

The latest analysis from Brand Finance plc. demonstrates that most leading Canadian brands are continuing to recover from the recession, with sustained increases in brand value since January. The combined value of the top 10 Canadian brands has now reached $47.3bn. However this is still a billion dollars less than the value of the world's most valuable brand, Google ($48.3bn).

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