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by:ITATOUCH     2020-05-15
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WATERLOO —
While the drive-out Motion board's proposal to study key members failed, the troubled mobile communications company still faces a lot of pressure from shareholders at Tuesday's annual meeting.
In the crowded conference room of the international governance innovation center, around the company's share price decline, Middle East and Asian security issues, its marketing strategy, and why RIM does not release fewer BlackBerry models.
A shareholder who claimed to be a tech salesperson said he recently visited a Best Buy store in Buffalo and was shocked to find that compared to iPad and other tablet competitors, there is almost no shelf space for the new PlayBook.
The shareholder waved pictures to prove his point, asking RIM why it did not adopt a more aggressive sales strategy for the script.
In all stores in the United States, the marketing plan for the script is "not Uniform"S. RIM's colleagues say
Mike Lazaridis, chief executive officer, added that he is not worried about the new tablet, as its QNX operating system is the most powerful in the market today.
He noted that it is widely used in industry and even on space shuttles.
Albrecht Weller, a shareholder and investment consultant from Toronto, when he asked about an anonymous letter written by a senior RIM executive criticizing the company's leadership and direction, it seemed to touch his nerves.
"I don't think it's a constructive way of participating, I don't even know if it's true," co-
Jim Balsillie, chief executive of the widely published letter on the Internet ).
"I have never seen Mike or I work harder," he added . ".
"If you investigate people in RIM, the vast majority of people will not tolerate such behavior.
Despite nearly $5 billion in sales last quarter, RIM's market share has fallen, especially in the United States. S.
IPhone and Android are losing their edge --
Smartphone shares have fallen by more than half in the past year.
To increase profits, the company began a series of layoffs last month to cut about 17,000 global employees.
Despite some sharp questions raised by shareholders, all nine members of the board were reappointed earlier in the meeting
The votes exceeded were selected by an appropriate majority.
The group includes chief director John Richardson, who has been charged by shareholder consulting companies Glass Lewis and Co for failing to properly supervise the company.
It had urged shareholders to stop supporting him, but the request did not gain any traction.
Northwest ethics investment, a large institutional investor, plans to submit a proposal to the meeting to elect the independent chairman of the board of directors.
Balsillie and Lazaridis are currently also in this role.
But RIM has avoided the challenge by agreeing to appoint an independent commission to look at the issue and report it by January.
Jennifer Coulson, a spokesman for Northwest, said the company was "pleased that we were able to reach an agreement on a committee" and RIM was dealing with their proposal in a "constructive way.
"Andy Duth is a shareholder in Wanjin, Ontario.
RIM's products are from the world.
But marketing is the company's biggest weakness.
"You let Apple and Android eat your lunch with a bunch of kids games," he said . ".
While Lazaridis did not respond directly to this comment, when Weiler later asked if RIM had thoroughly assessed the competitor, the company's founder showed some in describing the upcoming competitionto-be-
BlackBerry Bold 9900 released.
"This product has poured a lot of personal sweat and tears," he said . ".
"It's absolutely smooth, absolutely perfect.
RIM could have released 9900 earlier, but when it saw the US smartphone "arms race" heating upS.
, It goes back to the drawing board to make the 9900 better.
"We decided to jump forward.
This delayed our profits.
In several sessions of the conference, he stressed that the company has launched 491 BlackBerry Certification projects with 191 different operators around the world.
Lazaridis said that this will enable RIM to launch its largest ever global product with seven different BlackBerry models in the coming year.
Daniel Silva, a young shareholder, wants to know why the company does not release fewer BlackBerry phones using a uniform screen size.
But Lazaridis said that RIM has different blackberries on the market for a long time, which makes it difficult to eliminate some models and arrange all products in a more consistent way.
In addition, many customers around the world can't afford the same high prices
Smartphones sold in the United StatesS.
Many overseas markets are still on 2g networks without HD screens, which makes downloading apps very expensive, he said.
A long-term shareholder said the company's falling share price made it a target for the acquisition.
He wants to know if RIM has a shareholder rights plan or poison to stop any acquisition attempts.
Balsillie says the company is ready for such a thing.
"But the best thing we can do is perform for all of you, so this narrative is canceled.
"Chowitt @ therecord.
Close comments. WATERLOO —
While the drive-out Motion board's proposal to study key members failed, the troubled mobile communications company still faces a lot of pressure from shareholders at Tuesday's annual meeting.
In the crowded conference room of the international governance innovation center, around the company's share price decline, Middle East and Asian security issues, its marketing strategy, and why RIM does not release fewer BlackBerry models.
A shareholder who claimed to be a tech salesperson said he recently visited a Best Buy store in Buffalo and was shocked to find that compared to iPad and other tablet competitors, there is almost no shelf space for the new PlayBook.
The shareholder waved pictures to prove his point, asking RIM why it did not adopt a more aggressive sales strategy for the script.
In all stores in the United States, the marketing plan for the script is "not Uniform"S. RIM's colleagues say
Mike Lazaridis, chief executive officer, added that he is not worried about the new tablet, as its QNX operating system is the most powerful in the market today.
He noted that it is widely used in industry and even on space shuttles.
Albrecht Weller, a shareholder and investment consultant from Toronto, when he asked about an anonymous letter written by a senior RIM executive criticizing the company's leadership and direction, it seemed to touch his nerves.
"I don't think it's a constructive way of participating, I don't even know if it's true," co-
Jim Balsillie, chief executive of the widely published letter on the Internet ).
"I have never seen Mike or I work harder," he added . ".
"If you investigate people in RIM, the vast majority of people will not tolerate such behavior.
Despite nearly $5 billion in sales last quarter, RIM's market share has fallen, especially in the United States. S.
IPhone and Android are losing their edge --
Smartphone shares have fallen by more than half in the past year.
To increase profits, the company began a series of layoffs last month to cut about 17,000 global employees.
Despite some sharp questions raised by shareholders, all nine members of the board were reappointed earlier in the meeting
The votes exceeded were selected by an appropriate majority.
The group includes chief director John Richardson, who has been charged by shareholder consulting companies Glass Lewis and Co for failing to properly supervise the company.
It had urged shareholders to stop supporting him, but the request did not gain any traction.
Northwest ethics investment, a large institutional investor, plans to submit a proposal to the meeting to elect the independent chairman of the board of directors.
Balsillie and Lazaridis are currently also in this role.
But RIM has avoided the challenge by agreeing to appoint an independent commission to look at the issue and report it by January.
Jennifer Coulson, a spokesman for Northwest, said the company was "pleased that we were able to reach an agreement on a committee" and RIM was dealing with their proposal in a "constructive way.
"Andy Duth is a shareholder in Wanjin, Ontario.
RIM's products are from the world.
But marketing is the company's biggest weakness.
"You let Apple and Android eat your lunch with a bunch of kids games," he said . ".
While Lazaridis did not respond directly to this comment, when Weiler later asked if RIM had thoroughly assessed the competitor, the company's founder showed some in describing the upcoming competitionto-be-
BlackBerry Bold 9900 released.
"This product has poured a lot of personal sweat and tears," he said . ".
"It's absolutely smooth, absolutely perfect.
RIM could have released 9900 earlier, but when it saw the US smartphone "arms race" heating upS.
, It goes back to the drawing board to make the 9900 better.
"We decided to jump forward.
This delayed our profits.
In several sessions of the conference, he stressed that the company has launched 491 BlackBerry Certification projects with 191 different operators around the world.
Lazaridis said that this will enable RIM to launch its largest ever global product with seven different BlackBerry models in the coming year.
Daniel Silva, a young shareholder, wants to know why the company does not release fewer BlackBerry phones using a uniform screen size.
But Lazaridis said that RIM has different blackberries on the market for a long time, which makes it difficult to eliminate some models and arrange all products in a more consistent way.
In addition, many customers around the world can't afford the same high prices
Smartphones sold in the United StatesS.
Many overseas markets are still on 2g networks without HD screens, which makes downloading apps very expensive, he said.
A long-term shareholder said the company's falling share price made it a target for the acquisition.
He wants to know if RIM has a shareholder rights plan or poison to stop any acquisition attempts.
Balsillie says the company is ready for such a thing.
"But the best thing we can do is perform for all of you, so this narrative is canceled.
"Chowitt @ therecord.
Close comments. WATERLOO —
While the drive-out Motion board's proposal to study key members failed, the troubled mobile communications company still faces a lot of pressure from shareholders at Tuesday's annual meeting.
In the crowded conference room of the international governance innovation center, around the company's share price decline, Middle East and Asian security issues, its marketing strategy, and why RIM does not release fewer BlackBerry models.
A shareholder who claimed to be a tech salesperson said he recently visited a Best Buy store in Buffalo and was shocked to find that compared to iPad and other tablet competitors, there is almost no shelf space for the new PlayBook.
The shareholder waved pictures to prove his point, asking RIM why it did not adopt a more aggressive sales strategy for the script.
In all stores in the United States, the marketing plan for the script is "not Uniform"S. RIM's colleagues say
Mike Lazaridis, chief executive officer, added that he is not worried about the new tablet, as its QNX operating system is the most powerful in the market today.
He noted that it is widely used in industry and even on space shuttles.
Albrecht Weller, a shareholder and investment consultant from Toronto, when he asked about an anonymous letter written by a senior RIM executive criticizing the company's leadership and direction, it seemed to touch his nerves.
"I don't think it's a constructive way of participating, I don't even know if it's true," co-
Jim Balsillie, chief executive of the widely published letter on the Internet ).
"I have never seen Mike or I work harder," he added . ".
"If you investigate people in RIM, the vast majority of people will not tolerate such behavior.
Despite nearly $5 billion in sales last quarter, RIM's market share has fallen, especially in the United States. S.
IPhone and Android are losing their edge --
Smartphone shares have fallen by more than half in the past year.
To increase profits, the company began a series of layoffs last month to cut about 17,000 global employees.
Despite some sharp questions raised by shareholders, all nine members of the board were reappointed earlier in the meeting
The votes exceeded were selected by an appropriate majority.
The group includes chief director John Richardson, who has been charged by shareholder consulting companies Glass Lewis and Co for failing to properly supervise the company.
It had urged shareholders to stop supporting him, but the request did not gain any traction.
Northwest ethics investment, a large institutional investor, plans to submit a proposal to the meeting to elect the independent chairman of the board of directors.
Balsillie and Lazaridis are currently also in this role.
But RIM has avoided the challenge by agreeing to appoint an independent commission to look at the issue and report it by January.
Jennifer Coulson, a spokesman for Northwest, said the company was "pleased that we were able to reach an agreement on a committee" and RIM was dealing with their proposal in a "constructive way.
"Andy Duth is a shareholder in Wanjin, Ontario.
RIM's products are from the world.
But marketing is the company's biggest weakness.
"You let Apple and Android eat your lunch with a bunch of kids games," he said . ".
While Lazaridis did not respond directly to this comment, when Weiler later asked if RIM had thoroughly assessed the competitor, the company's founder showed some in describing the upcoming competitionto-be-
BlackBerry Bold 9900 released.
"This product has poured a lot of personal sweat and tears," he said . ".
"It's absolutely smooth, absolutely perfect.
RIM could have released 9900 earlier, but when it saw the US smartphone "arms race" heating upS.
, It goes back to the drawing board to make the 9900 better.
"We decided to jump forward.
This delayed our profits.
In several sessions of the conference, he stressed that the company has launched 491 BlackBerry Certification projects with 191 different operators around the world.
Lazaridis said that this will enable RIM to launch its largest ever global product with seven different BlackBerry models in the coming year.
Daniel Silva, a young shareholder, wants to know why the company does not release fewer BlackBerry phones using a uniform screen size.
But Lazaridis said that RIM has different blackberries on the market for a long time, which makes it difficult to eliminate some models and arrange all products in a more consistent way.
In addition, many customers around the world can't afford the same high prices
Smartphones sold in the United StatesS.
Many overseas markets are still on 2g networks without HD screens, which makes downloading apps very expensive, he said.
A long-term shareholder said the company's falling share price made it a target for the acquisition.
He wants to know if RIM has a shareholder rights plan or poison to stop any acquisition attempts.
Balsillie says the company is ready for such a thing.
"But the best thing we can do is perform for all of you, so this narrative is canceled.
"Chowitt @ therecord.
Close comments.
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