When RIM's co-founders stepped down as co-CEOs, they probably meant to send a signal to the world that new life was emerging at the top of RIM. Apparenlty, Wall Street doesn't agree. After the announcement RIM's stock fell 8% yesterday, an almost 4% today. That's not the kind of reaction that RIM wanted, I'm sure.
Last week when rumors of Samsung acquiring RIM were swirling, the stock jumped almost 10%, but the news of a long time RIM employee taking over didn't quite get the reaction that was expected.
It remains to be seen how Thorsten Heines will do at CEO. Is he really new blood at the top, or just a long time insider that shares the co-founder's ideas? RIM is in desperate need of something NEW and it just doesn't seem like they're going in the right direction yet.
Last week when rumors of Samsung acquiring RIM were swirling, the stock jumped almost 10%, but the news of a long time RIM employee taking over didn't quite get the reaction that was expected.
It remains to be seen how Thorsten Heines will do at CEO. Is he really new blood at the top, or just a long time insider that shares the co-founder's ideas? RIM is in desperate need of something NEW and it just doesn't seem like they're going in the right direction yet.
