RIM Needs to Hire a Visionary
Although Nokia (NOK) and Microsoft (MSFT) might only be able to come in a not-so-strong No. 3 to Google's (GOOG) Android and Apple in the smartphone wars, you have to give these companies credit for an aggressive marketing push, what looks to be smart cross-platform integration of Windows and a pretty solid phone in the new Lumia.
Although it's not like either company dictates the future like Apple does, at least they see it and are acting accordingly.
What RIM needed to do was hire a true visionary, a thinking man, somebody like Reed Hastings, to run the show. Let him dream up the next big idea and let Heins count beans with the CFO, manage the supply chain and discuss maternity-leave policy with HR.
It baffles me when I consider the similar, yet drastically different situations RIM and Netflix find themselves in.
Netflix has a visionary, yet it refuses to hire a strong COO to run the business and keep the big-picture guy in check. RIM has a guy who can probably do a halfway decent job of running the day-to-day (anything would be an improvement), yet it refuses to bring somebody in with even an ounce of vision. RIM should be throwing truckloads of loonies and toonies at the leading minds who work for companies like Apple and Google. The company might even want to call Hastings and see what he thinks about the prospects of living in southern Ontario. At the time of publication, Pendola owned shares of NOK.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV