RIM'S FUTURE HANGS ON WEDNESDAY RELEASE OF BLACKBERRY 10

Jan 28, 2013

By Jane Brown

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This is a big week for Research in Motion.

The company will unveil its new BlackBerry 10 operating system and smartphones in New York City on Wednesday.

Some analysts are calling it a make-or-break moment for the former high-tech darling based in Waterloo, Ontario.

The author of “BlackBerry Planet,” says one of RIM’s biggest blunders was ignoring the popularity of apps. Alastair Sweeny says much of the blame lies with the company’s former co-C-E-Os.

He says both Jim Balsillie and Mike Lazaridis failed to keep in step with the increasingly competitive smartphone market, which included iPhone and Android devices.  “They panicked, and they started to over promise and under deliver.”

RIM shares once traded at more than $137 on the Toronto Stock Exchange.  They closed Friday at $17.61.  That value is up from just over $6 a share in September.  

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