OK, he is a German dude, but after watching this interview below with the new RIMM CEO Thorsten Heins. I can hardly resist to start shorting the stock again. It seems like the company is living on an island and has completly lost sense of reality.
Some quotes and my interpretation:
"RIMM was small in the wireless arena and we have taken this to new highs."
Translation: We have done this in the past, but have no clue how to do this in the future.
"If we continue doing what we're doing, I don't see any problem us being among the top 3 going forward".
Comment: guys, you have to change something here. The German dude should be fired for this statement.
"At the very core is innovation. We always think ahead".
Comment: no, you don't. Otherwise you wouldn't have lost market share. Again: time to wake up, guys.
"Somethimes we innovate too much when building a product."
Comment: no, you don't innovate enough.
"We want to spend more time on prototyping, research and development while building the products."
Translation: our costs will go up, but you won't see new products for a long time.
"It's important that R&D is excited about our future."
Comment: well, at least you are obviously not in this video. How do you expect your people to be excited? (Excess excitement is a not key feature of Germans anyways)
"In my free time, I love to play with new technologies".
Translation: I have an iPhone myself.
What really scared the hell out of me was Heins' proclaimed future focus on the consumer market. Given the competion, I don't believe RIMM will be able to come up with a compelling consumer products. He also put a lot of emphasis on the Blackberry 10, which is supposed to be launched in September. Way too late, according to znet.com.
Here's the full video:
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