RIMs failure to keep up with Apple has turned it into a tech basket case
Remember when BlackBerry was cool? Just a few years ago, the Research in Motion (RIM) smart phone was the premier mobile gadget on the market and a veritable tech status symbol. The BlackBerry was so ubiquitous among Wall Streeters, corporate types and Capitol Hill staffers that it earned the nickname CrackBerry.
Now it's become the highest-profile tech failure in recent memory. On June 28, RIM reported a $192 million adjusted net loss and said it plans to lay off 5,000 people--about one-third of its workforce. That follows layoffs of 2,000 workers last year. RIM also said its much ballyhooed new operating...
To continue reading:
or Log-In
