mikelazaridis
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Ontario Securities Commission seeks $100 million fine against RIM's co-CEOs
Uh oh. Remember that RIM backdating controversy from 2007? The Ontario Securities Commission sure does, and according to ReportonBusiness, it's seeking a record $100 million Canadian (that's about $79 million US) fine against co-CEOs Jim Balsillie and Mike Lazaridis. If approved, that'll be the largest penalty ever to be paid by individuals to the OSC, with Balsillie expected to pay the bulk of the penalty. As usual, none of the parties involved are commenting on the case, but we reckon this won't be the last we hear about it.[Via Mobile Syrup]
RIM's president calls BlackBerry Storm a small netbook
Clearly, Mike Lazaridis has the chops when it comes to running a business. What he clearly lacks, however, is a firm definition of the term "netbook." To his credit, we still feel the exact boundaries for netbooks have yet to be determined (fret not, Psion Teklogix is hammering out those details), but calling a BlackBerry Storm one is -- how do you say? -- a bit of a stretch. During a recent sit down with RIM's president, CNET Asia heard the bigwig answer like so when questioned about viewing netbooks as competitors: "No, I think I can put netbooks in here [referring to the BlackBerry Storm]. These are netbooks. They are just smaller." Wait, Mike -- don't you think smartphones are more like MIDs or UMPCs? Or do we just have you all wrong here?[Via phoneArena]
