Jim Balsillie was speaking at a investors conference recently and had some interesting things to say. Though most of it is shrouded in vaguish. For example, “This is a more intense time than I’ve ever known — more variables, more need to navigate, more hands on the wheel, eyes on the road right now.”
My favorite is when he mentioned that the Bold has been selling “Really well.” I wonder what it is selling really well relative to… Selling well compared to sunscreen in the dead of winter is not impressive.
Personally I think that RIM has taken a beating to their stock and are trying to portray that they can weather it out. Though I would be scared if I owned stock that was almost $150 in June and down to less than $40 in November.
My favorite quote of all was:
“We remain cautious as to sustainability of momentum. We expect replacement cycles to continue to lengthen.”
In short Jim is worried that things might slow down and people will be keeping their 7290’s for another year… 🙂
via Reuters
