Analyst Jeff Kagan on Former Blackberry Co-CEO Jim Balsillie Selling Stake
(PR Web Via Acquire Media NewsEdge) Atlanta, GA (PRWEB) February 15, 2013
Former co-CEO of RIM, Jim Balsillie just sold his stake in the company according to this story from Bloomberg News.
The following are comments on this are from Tech Analyst Jeff Kagan.
“Jim Balsillie was one of the key reasons RIM was so successful looking back. He did a great job and that should never be forgotten,” says Industry Analyst Jeff Kagan. “Looking forward, however, it’s a very different world. Customers want more, competitors deliver more and RIM is having a heck of a time keeping up.”
“When I see Balsillie selling all his RIM stock, I wonder if he has a sense there is something wrong with the new devices, software and company. If he does then selling makes sense. Of course he could simply be interested in separating himself from the company and has no idea of whether Blackberry will be successful going forward or not,” according to Jeff Kagan.
“Blackberry seems to be doing robust business so far in its limited debut to date. That’s not much to go on yet, but at least there are not red flags waiving at this time. Let’s keep hoping for the best with Blackberry for their investors, workers and of course their customers,” says Kagan.
About Jeff Kagan
Jeff Kagan is an Industry Analyst who is regularly quoted by the media over the last 25 years.
He offers comment on wireless, telecom and tech news stories to reporters and journalists.
He has also been quoted as a Tech Analyst, Wireless Analyst, Telecom Analyst and Principal Analyst depending on the focus of the story.
He follows wireless, telecom, Internet, cable television and IPTV. He also follows the wider and more general consumer electronics and technology space.
Visit his website: at jeffKAGAN.com to learn more and for disclosures.
Reporters: Jeff Kagan sends comments by email to reporters and the media. If you would like to be added to this email list please send request by email.
Clients: He has worked with many companies over 25 years as consulting clients.
Contact: Jeff Kagan by email at jeff (at) jeffKAGAN (dot) com or by phone at 770-579-5810.
Kagan is an Analyst, Consultant, Columnist and Speaker.
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