Tag Archives: Mike Lazardis
Barbara Stymiest Being Considered As New Chairman Of RIM
Research In Motion has lost a ton of smartphone marketshare to Android and iOS. The company is also struggling to compete against the Apple iPad in the tablet market. This is why RIM co-founders Mike Lazaridis and Jim Balsillie may give up their titles as co-chairmen according to sources with The Financial Post. Reportedly RIM is considering hiring Barbara Stymiest. Stymiest is currently an independent director that joined RIM’s board in 2007. Lazaridis and Balsillie would still have prominent roles on the board of directors if they were to be replaced by Stymiest.
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Categories Barbara Stymiest, Jim Balsillie, Mike Lazardis, Research In Motion, RIM
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Mike Lazaridis Ends BBC Interview When Being Asked Stance On India
Research In Motion Limited (NASDAQ:RIMM) CEO Mike Lazaridis does not like being asked about his stance about India. The government in India made heavy security demands from Research In Motion’s secure message and e-mail networks to counter terrorism. Lazaridis ended a recent BBC interview when being pressed about the security issues overseas. Below is what he said in regards to the situation:
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Categories BBC, Mike Lazardis, Research In Motion, RIM
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RIM Launches A New Tablet Called The PlayBook
At the annual Research In Motion BlackBerry Developer Conference, CEO Mike Lazaridis announced a new tablet to rival the Apple iPad. The tablet is called the PlayBook. RIM developed the tablet’s operating system using QNX technology; RIM bought out QNX this past April. The operating system that will run the PlayBook is called the BlackBerry Tablet OS and it offers full OpenGL and POSIX support. The BlackBerry Tablet OS also supports the HTML5 web standard. These platforms are all tied to RIM’s new WebWorks SDK.
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Categories Mike Lazardis, Research In Motion, RIM, RIM PlayBook
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Apple: “We’re Not Perfect. Phones Aren’t Perfect.”
A couple of days ago Apple made an announcement about how they plan to handle the antenna issue for the iPhone 4. A presentation by Steve Jobs had the following statement: “We’re not perfect. Phones aren’t perfect.”
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Categories Apple Inc., HTC, Jim Balsillie, Mike Lazardis, Research In Motion, RIM, Steve Jobs
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SEC Charges Research In Motion Execs $2.27 Million For Stock-Option Backdating
The Securities and Exchange Commission (SEC) has announced that they have reached a settlement with Research In Motion Limited (USA) (NASDAQ:RIMM). Four of RIM’s top executives have agreed to pay $2.27 million in penalties, disgorgement, and interest. This settlement is taking place less than 2 weeks after the RIMM executives settled charges similarly with the Canadian government. The fines in Canada amounted to about $30 million. This is the largest penalty levied on individuals by the Ontario Securities Commission.
The four executives illegally gave undisclosed in-the-money stock options to RIM employees backdating millions between 1998 and 2006. The four executives include RIM co-CEOs Jim Balsillie and Mike Lazardis, VP of Finance Angelo Loberto, and CFO Dennis Kavelman.
“As alleged in our complaint, RIM and its highest-level executives engaged in widespread backdating of options, which provided them and other employees with millions of dollars in undisclosed compensation,” stated SEC enforcement director Linda Chatman Thomsen.
The executives essentially made false claims about how the company prices and accounts for options.
[via Bloomberg]