Apart from other manufacturers of innovative and leading third generation telecom companies, Research-in-Motion is continuously in-touch with controversies. As on 24 August 2011, Manager of Iron Fire capital, Eric Jackson, declared research in motion dead by 2013.
Adding to the stream of top-level departures from the company, Research-in-Motion has once again disconnected a senior Software and Business Services executive, Jim Tobin. His departure has created more doubts about the company.
The lay down on such a huge scale is a result of RIM’s efforts for getting its competitive edge back. Company is trying to beat its competitors Apple and other Smartphone companies, but it is continuously delaying the launch of its new products and few launched products are continuously getting bad reviews from clients, making it difficult for the company to successfully manage its business.
Board Chairman and Co-founder Mike Lazaridis and his partner Chief Executive Jim Balsillie are facing difficulties because of the call of re-establishment from investors and investigators.
Research-in-Motion has confirmed the news of Jim Tobin’s departure through an email on Thursday, though it never officially announced the disconnection before. Despite the fact that the Vice President Jim Tobin, who was connected with company’s progress into “cloud-based” services, had left the Canadian premises few months earlier.
Company’s recent progress into cloud services was due to Jim Tobin, who allowed its users to handle corporate data and emails through RIM servers instead of on-site data servers, setting up a team, which developed the BBM music, running on top of RIM’s famous blackberry messenger; known as a song sharing service as well as a roomy push incorporating messenger into third-party developer applications.
He remained as a principal assistant at a conferring firm called McKinsey and formerly he had worked at COMSAT in product development and in a corporate technological role in Time Warner. His LinkedIn profile still demonstrates him as a RIM employee.
This month could be called a burning month for RIM. During this month, company had declared an apology letter to its millions of users when its blackberry network collapsed for three days, leaving behind its users without internet and email access across five continents. Company’s management group has missed number of its topmost managers in Developer Relations, Marketing and Sales during the same month, including Jim Tobin, Chief Marketing Officer, Keith Pardy and the Head of Developer relations, Tyler Lessard.
A member of Tyler Lessard’s Developer Relations Unit resigned from RIM in August, while two members of Keith Pardy group had switched their jobs to the RIM’s competitor, Samsung. Before all this, in the month of July, “Don Morrison”-one of RIM’s three CEO’s, resigned after taking a leave for medical purpose and during the same month, company confessed for cutting down 11% of its sales due to decreased sales and profits.
Despite the news of Tobin’s disconnection with the company, RIM’s stock was trading at a price of $21.24 with 2.5% rise, on the list of NASDAQ. After attaining the peak of $70 million during February this year, RIM shares have decreased by 70% in value.