Tuesday, July 3, 2012

Crisis? What Crisis?

In a demonstration of breathtaking denial, RIM CEO Heins Thorsten joined CBC Metro Morning's Matt Galloway to explain that RIM, far from being at death's door, is undergoing a "major transition," continues to be a "world leader" and with the release of its new platform (if it ever happens) will regain a dominant position in the smartphone market.

This from a company that has lost 95% of its market value, can no longer execute on new products and maintains its customer base by deeply discounting its hardware, particularly in the third world where other products remain prohibitively expensive.

To my untrained eye, this appears to simply be a breathtaking denial. The beautiful Norwegian Blue parrot is dead. It is not resting. And it is not pining for the fiords.


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