RIM announces US$100M investment to grow BlackBerry developer community • Hacker News Board

Re: RIM announces US$100M investment to grow BlackBerry developer community

#21

Post by huxley » Tue, Jul 10, 2012, 3:09 PM UTC

ahelwer wrote: post #16

ajaimk wrote: post #15

RIM still has $100M in the bank?

They have over a billion in the bank and are still profitable. People LOVE stories about RIM going down the drain for whatever reason, so these stats are conveniently not mentioned. I am not saying there are no problems, but really this is one bandwagon that needs to sloooooow doooown.

They had another massive decline in quarterly revenue YoY (-42.7% from Q1 2012 which was itself -30% from Q1 2011) and then they announced a delay on the BB10 phones until 2013, I'd say that bandwagon is right on this one.

Re: RIM announces US$100M investment to grow BlackBerry developer community

#22

Post by huxley » Tue, Jul 10, 2012, 3:25 PM UTC

daeken wrote: post #13

Samuel_Michon wrote: post #9

Earlier quoted context omitted.

“I must say its all very well handing out free tablets etc and offering incentives but maybe getting a few key applications ported and even paying to get them ported would be a better investment.” I doubt it. Microsoft has done everything you mentioned, but it hasn't helped Windows Phone 7. Instead, they've decided to bury WP7 and are starting over with WP8. And Windows Phone is a decent OS. RIM doesn't have a good O…

> Honestly, I don't think RIM will still exist this time next year. RIM is going to hell in a handbasket, but they'll be around for another 5-10 years. Why? Their market cap is still $4B, their cash on hand is $1.5B (no debt). They may be hemorrhaging users and losing developer mindshare, but they have a lot of money and a lot of time left to make dumb mistakes in hopes of one of them working out. C.f. Yahoo.

In June 2008, their market cap was $83B. In June 2011, it dropped to $13.6B. Today they are down to $4B.

As for cash on hand, they were sitting on twice that amount last year.

The decline is extremely significant and it does no one any good to pretend that they could ride this out for 5-10 years.

Re: RIM announces US$100M investment to grow BlackBerry developer community

#23

Post by Samuel_Michon » Tue, Jul 10, 2012, 5:14 PM UTC

daeken wrote: post #13

Samuel_Michon wrote: post #9

Earlier quoted context omitted.

“I must say its all very well handing out free tablets etc and offering incentives but maybe getting a few key applications ported and even paying to get them ported would be a better investment.” I doubt it. Microsoft has done everything you mentioned, but it hasn't helped Windows Phone 7. Instead, they've decided to bury WP7 and are starting over with WP8. And Windows Phone is a decent OS. RIM doesn't have a good O…

> Honestly, I don't think RIM will still exist this time next year. RIM is going to hell in a handbasket, but they'll be around for another 5-10 years. Why? Their market cap is still $4B, their cash on hand is $1.5B (no debt). They may be hemorrhaging users and losing developer mindshare, but they have a lot of money and a lot of time left to make dumb mistakes in hopes of one of them working out. C.f. Yahoo.

RIM Customers Working On Contingency Plans

http://www.bloomberg.com/news/2012-07-09/rim-s-customers-wor...