RIM: Business as Usual or Ready for Takeover?
Thorsten Heins is the new chief executive officer at Research In Motion (NASDAQ:RIMM). Former co-CEOs Mike Lizaridis and Jim Balsillie resigned on Saturday.
Initial word was Heins doesn’t see that changes need to be made, but there are already takeover rumors. Can Heins revitalize the company? Or, could he just be an interim CEO setting the company up for sale?
For investors, RIM must make some moves quickly. Both recent service failures and competion from Apple (NASDAQ:AAPL) to Samsung to Google’s (NASDAQ:GOOG) Android have really taken a toll on RIM’s share of the market.
RIM needs to show that it can move off its hardware focus and show investors it can still be a player. Reuters reported a deal with Amazon (NASDAQ:AMZN) in December and another rumor claimed a deal with Samsung.
Barring a takeover, investors seem to be in no mood to wait for RIM to continue with “business as usual.”