Earlier quoted context omitted.
> Then boasting - 3B in cash, we are doing just great! That seems worse than it is when you take it out of context. In context: > The company is thankfully in a solid business and financial position > to tackle the opportunities ahead with a solid balance sheet (nearly > $3 billion in cash and no debt), strong profitability (RIM’s net > income last quarter was $695 million) and substantial international > growth (int…
My point was that past success and cash at hand does not guarantee future success and RIM did nothing to allay the concerns around their repeatedly failing strategy. So the assurance that we have money and we can try things out is not really in the spirit of the open letter - it is not worthwhile to point out cash at hand in this context.
What would you rather them do beyond this? Claim a major shake up of their internal structure? That would be incredibly damaging to their ability to quickly create and ship the products they need to. Not to mention, as outsiders, we really cannot know if there is even a problem with their internal structure. Certainly a single anonymous letter is not enough information to draw this conclusion.
It seems to me that people just love to see successful companies fail. Perhaps its reaffirming to know that even successful people make mistakes. Perhaps people are just morbid and love to see others suffer. Maybe people are too attached to their current products.
Regardless, all we can do is wait and see. Everyone has noted RIM's precarious position, RIM included. Hyperbolic negativity is unnecessary.