Research in Motion loses yet another executive, this time to Samsung; stock drops even further

Posted by Knowlton Thomas on 2011-06-20 2:43:00 PM

As RIM's stock dipped another 2 percent (while the majority of the market shifted upward), news of another execute jumping ship surfaced. 

Its second marketing executive to leave in less than half a year, Brian Wallace ditched the immensely embattled BlackBerry maker to join Samsung, a direct competitor of the Waterloo technology company.

RIM's stock has plummeted from over $140 in 2008 to a four-year low of less than 26. Disappointments over financial reports and products like the PlayBook have caused a continual downward spiral for RIM since Apple and Google began staking their claims in the once barren smartphone market.

Company:
Research In Motion
Website:
http://www.rim.net
Location:
Waterloo, Ontario, Canada

BlackBerry (Research In Motion) is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. RIM's portfolio of award-winning products are used by thousands of organizations around the world and include the BlackBerry® wireless platform, software development tools, and software/hardware licensing agreements. more

Similar Posts

blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the Associate Editor of Techvibes. A Vancouver-based writer and author, Knowlton has been published in national publications and has also appeared on television and radio. He has written two ebooks and more are in the works. Previously, he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing... more

Recent Comments

Powered by Disqus