This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Why BlackBerry Is Failing

Stocks in this article: RIMM QCOM T AAPL GOOG

NEW YORK ( TheStreet) -- A decade ago, in the wake of the dot-bomb, I was looking for something to write about when I came upon what's now called the Internet of Things.

The promise was enormous. Single-chip computers can add intelligence to everyday objects, connected via wireless links to the enormous promise of the Internet.

Your yogurt could tell you when it was turning, your garden could be watered on its own schedule, and your doctor might find out about your imminent heart attack before it came upon you -- a real killer app.

I spoke on all this in 2004 at Stanford, a conference on the future, opposite novelist David Brin, who drew an enormous crowd against my unhappy few. So I shelved the idea and went on to other things, things that were actually happening, like open source.

So it was with some surprise at Wednesday's BlackBerry (BBRY RIMM) event that I heard CEO Thorsten Heins say he wanted the BlackBerry 10 to become the center of the "Internet of Things," as the CBC report on the event noted.

What was he talking about? Turned out it was something his senior vice president, Sebastian Marineau-Mes, discussed at length during last September's Mobilize conference, covered by GigaOm.

The way to having your car, your air conditioner and your heart under intelligent remote control is "curated openness," he said, cross-industry standards managed through an independent authority. Apple's (AAPL) iOS is too closed, he said, and Google (GOOG) Android too open.

He might have added that BlackBerry's QNX is already used in 60% of cars, as reported last year .

Qualcomm (QCOM) and AT&T (T) are both anxious to get this moving, and have jointly created a platform called Internet of Everything, aimed at cutting the time to market for applications, and supporting a version of Java, ReadWriteMobile reports. A standard called the Constrained Application Protocol, or CoAP, has been proposed , helped by a working group of the Internet Engineering Task Force.

The problem, as Marineau-Mes noted in September, is that industries that might benefit from all this still work in silos, sometimes deliberately. There's a desire for both absolute security and absolute privacy, neither of which exists in open standards, as KlocTalk recently noted.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.55 +7.90 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs