RIM (RIMM) Sees Departure of Two More BlackBerry Execs as Corporate Shift Continues
Tweet
Share
E-mail
Research In Motion (Nasdaq: RIMM) keeps shedding weight as the beleaguered mobile platform and OEM looks to streamline its ops and regain sector prominence.
According to reports out late last week, RIM executives Alan Brenner and Alistair Mitchell are leaving the company. A RIM spokesperson confirmed Senior VP of BlackBerry IM service Mitchell already left the organization. Brenner is currently Senior Vice President of the BlackBerry platform.
The moves follow RIM's fourth-quarter earnings miss which caused new CEO Thorsten Heins to explain RIM will be on a different trajectory for now on. The company will be focusing more on its business customers as consumers turn more and more to offerings from Apple, Inc. (Nasdaq: AAPL) and devices using Google's (Nasdaq; GOOG) Android mobile OS.
In January, Heins said a sale of the company would be considered, though RIM is more likely to opt for joint ventures rather than a full sale. RIM shares recently popped on reports OEM giant Samsung might be considering a joint venture with RIM, though those rumors have yet to solidify. Samsung is more likely to make a move later in 2012, upon release of BlackBerry 10.
Shares of RIM are indicated for a higher open Monday. The stock last traded at $12.77.
According to reports out late last week, RIM executives Alan Brenner and Alistair Mitchell are leaving the company. A RIM spokesperson confirmed Senior VP of BlackBerry IM service Mitchell already left the organization. Brenner is currently Senior Vice President of the BlackBerry platform.
The moves follow RIM's fourth-quarter earnings miss which caused new CEO Thorsten Heins to explain RIM will be on a different trajectory for now on. The company will be focusing more on its business customers as consumers turn more and more to offerings from Apple, Inc. (Nasdaq: AAPL) and devices using Google's (Nasdaq; GOOG) Android mobile OS.
In January, Heins said a sale of the company would be considered, though RIM is more likely to opt for joint ventures rather than a full sale. RIM shares recently popped on reports OEM giant Samsung might be considering a joint venture with RIM, though those rumors have yet to solidify. Samsung is more likely to make a move later in 2012, upon release of BlackBerry 10.
Shares of RIM are indicated for a higher open Monday. The stock last traded at $12.77.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BayCom Corp (BCML) Misses Q1 EPS by 4c
- Endexx Corporation (EDXC) Reports Q1 Loss of $0.01
- Community West Bancshares (CWBC) Tops Q1 EPS by 7c
Create E-mail Alert Related Categories
Management Changes, RumorsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
