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BlackBerry co-founders considering bid for all or part of the company
There were a number of reports last month that RIM/BlackBerry co-founder Mike Lazaridis was at least thinking about putting in a bid of his own for the company, and an SEC filing published today has now shed some more light on the matter. While an actual bid remains anything but a sure thing, the filing does confirm that Lazaridis has agreed to partner with fellow co-founder Douglas Fregin on any potential deal, which could be for "all or a portion of the assets or equity interests" of the company, according to the document. The goal of any bid, as outlined in the filing, would be "stabilizing and ultimately reinventing the company based on a plan developed by them." The filing also confirms that that the pair have enlisted the help of Goldman Sachs and Centerview Partners as they explore their options, which they say includes "a potential acquisition of all the outstanding shares of the issuer that they do not currently own, either by themselves or with other interested investors." This news follows the only formal bid for the company that's on the table, a proposed $4.7 billion deal from Fairfax Financial, which many have grown skeptical of despite a so-called letter of intent agreement that was signed by BlackBerry.
Lazaridis-backed Quantum-Nano Centre opens tomorrow, aims to be a new Bell Labs
Mike Lazaridis may now have a considerably smaller role at RIM, but he's isn't exactly receding from the technology scene in the company's hometown of Waterloo, Ontario. That's no more evident than in the Mike & Ophelia Lazaridis Quantum-Nano Centre opening tomorrow on the University of Waterloo campus, a science and technology research center that not only bears his name but was built with $100 million of his money. As Lazaridis makes clear in an interview with Bloomberg, he's also not modest about his ambitions for the center, noting that it is "absolutely" going to be the Bell Labs of the 21st century. Or, perhaps more specifically, a Bell Labs for quantum computing and nanotechnology, areas of research that Lazaridis says are key in order to "break through those barriers" of traditional computing. You can find the full interview and more details on the center itself at the links below.
RIM to launch 6.1 update as BlackBerry 7 OS at BlackBerry World next week? (update: yes)
CrackBerry has just dropped word via "numerous sources" that RIM will be revealing the next iteration of its mobile OS at the fast approaching BlackBerry World conference -- and no, it's still not QNX. Despite consistent rumblings that upcoming devices like the Bold Touch, and Monaco would be launching with OS 6.1, it seems that RIM has decided to re-brand the update completely as BlackBerry 7, perhaps to increase the value proposition and differentiate new devices being announced along with it. However, the site also speculates that current phones running BB6 may not get any BB7 action right off the bat -- which could make sense, given that new features like NFC are only present in upcoming devices. All this is naturally unconfirmed, but if this is indeed yet another version of the BlackBerry OS, well, that certainly won't help the platform get any more developer love. Update: It's offficial. CrackBerry is reporting that RIM Co-CEO Jim Balsillie has informed investors of the new nomenclature on its earnings call, adding that "It's such a big update from 6." We can't wait to see for ourselves.
Editorial: RIM, we've been here before
By now you've no doubt read or at least heard about the New York Times interview where RIM's co-CEOs wound up asking most of the questions and challenged conventional wisdom about the company, or seen the BBC interview that Mike Lazaridis put an abrupt end to (see below, if you haven't). Those both offer plenty of juicy morsels for folks like us to chew on, but they're also indicative of a broader sense of frustration from the company that's getting difficult to ignore. One that is strikingly similar to what we've recently seen from another company that grew to dominate on the world stage, became a figure of national pride in its home country, and is now struggling to reinvent itself in the face of stiff competition: Nokia.
Editorial: RIM seems to be as lost as my BlackBerry
The only way to open this editorial is to admit something I've been rather shy about on the pages of Engadget: I've been an avid BlackBerry fan and user for about six years now. I mean a real addict -- the kind who wakes up each morning looking for a blinking red LED, the kind who's refused to give up push email and BlackBerry Messenger in favor of more powerful, polished, and progressive mobile operating systems like iOS, Android, and webOS. In fact, when my Verizon contract was up last year I opted to get a Curve 8530 instead of the Motorola Droid or Palm Pre -- to say nothing of making the leap over to AT&T for the iPhone.There were lots of reasons I didn't want to give up my BlackBerry, but five days ago I lost that very Curve in a San Francisco cab. Then coincidentally, a day later I saw RIM co-CEO Mike Lazaridis speak at the D: Dive Into Mobile conference, where he almost embarrassingly avoided every question about the company's immediate smartphone strategy. I had always known that RIM was behind the curve (always a great pun!), but I also always had hope that the company would catch up with modern smartphones of today. Sadly, watching Mike dodge questions on the D stage took that hope away from me -- it's crystal clear that RIM won't have a solution to compete with those powerful smartphones anytime soon. So, what happens to a BlackBerry diehard like myself? Where do I go from here?
All Things D posts full Mike Lazaridis video from D: Dive Into Mobile
By now you've no doubt heard about Mike Lazaridis' recent appearance at the D: Dive Into Mobile conference, where the RIM co-CEO arrived with his own personal reality distortion field and made statements like the surprising fact that RIM "arguably" invented the smartphone, and that the BlackBerry Torch is actually fast. Don't believe us? Well, thanks to All Things D, you can now watch the complete 40-minute appearance for yourself, which just so happens to also include a fairly lengthy demo of the PlayBook. Check it out after the break.
RIM's Lazaridis: if goverments can't deal with the internet, 'they should shut it off'
RIM co-CEO Mike Lazaridis has made some pretty bold statements in the past, but he may just have topped himself in responding to the recent issue of countries banning or threatening to ban BlackBerrys -- to which you can now add Indonesia to the list. Speaking with The Wall Street Journal in what's described as a "fiery" interview, Lazaridis said that "this is about the Internet," and that "everything on the Internet is encrypted. This not a BlackBerry-only issue," before adding that if "they can't deal with the Internet, they should shut it off." But that's not all. Lazaridis further went on to saying that "we're going to continue to work with them to make sure they understand the reality of the Internet," noting that "a lot of these people don't have Ph.Ds, and they don't have a degree in computer science." Despite those statements, however, Lazaridis seems confident that the situation will get sorted out, saying that it "will get resolved if there is a chance for rational discussion."
RIM CEO claims we are staring 'down the barrel of a capacity crunch,' should all get BlackBerrys to prevent it
Capacity crunch, isn't that a breakfast cereal? RIM's Mike Lazaridis seems to have been a real grouch at MWC this week as apparently he hasn't stopped talking about the doom and gloom awaiting mobile carriers over the next few years. Focusing on the bandwidth-hungry North American market, Lazaridis has criticized the apparently irresponsible network saturation growth, which he sees as being primarily driven by app-centric operating systems. If you're wondering who he could possibly be referring to, let Mike clarify it -- according to him, you could carry five BlackBerry devices for each iPhone on a network. As evidence of his firm's focus on efficiency, he points us to that freshly demoed WebKit browser, which he claims uses a third of the bandwidth required by the competition from Apple and Google. If only he wasn't implying that owning a BlackBerry would save the internet, Mike's sales pitch would be rather compelling -- those are mighty impressive numbers he is citing.
SEC charges, settles with RIM executives over backdating issue
Well, it looks like RIM's top executives weren't about to get off the hook after just paying a little fine to the Ontario Securities Commission over that backdated stock options issue, as the US Securities and Exchange Commission is now getting on the act with some charges of its own. In a bit of a twist, however, the SEC has simultaneously announced that it has already reached a settlement with the four top RIM executives in question (co-CEOs Balsillie and Lazaridis, plus Chief Operating Officer Dennis Kavelman and former vice president of finance Angelo Loberto), who have agreed to pay $1.4 million in fines and give back the more than $800,000 they made in profits. No more shakeups on the board, it seems, although there's only so many times you can step down from your position before you start to look silly.
One RIM CEO pans iPhone while the other pans Windows Mobile
Wow, it's pretty tough to knock these dudes off their high horses, isn't it? RIM's generally held a flippant attitude toward Apple's and Microsoft's mobile efforts -- an attitude that's at least partially justified thanks to the company's immense success in corporate channels and with many, many carriers, granted, but you'd think they'd at least pretend to respect their adversaries. In recent chats with media, one of RIM's two CEOs, Mike Lazaridis, said that the iPhone has "severe limitations" resulting from its virtual keyboard, reminding reporters that real phones have real keyboards and pointing to Palm's licensing of RIM's keyboard design for its Treo series. He went on to thank the iPhone for drawing consumers' collective attention to smartphones -- attention that he's apparently figuring RIM can steal once customers are in carriers' shops with cash in hand. Meanwhile, RIM's other CEO Jim Balsillie went on record saying that he doesn't believe Windows Mobile is a "big competitor" to their business, a bold statement considering that Microsoft's mobile platform continues to become more enterprise-focused with efforts like Mobile Device Manager. Don't get too comfortable, fellas![Via Smartphone Thoughts]
