Research in Motion is in trouble. Since 2008, Research in Motion has lost “almost 84 percent of its value” dropping in worth from $80 Billion to less than $13 Billion in just a few short years.

What was once know as “the business phone” is now fading into the background behind the iPhone and mass of Android phones. Known mostly for its security and reliability, RIM has taken major damage to its reputation with not a first connection failure, but second in recent succession. For personal use, BBM had been Blackberry’s main exclusive feature. 4 days without the instant messaging however, has caused many to lose faith in the product and make the switch (which might have happened anyways since Apple’s iMessage is now essentially taking away one of Blackberry’s strongest selling points).

Things need to change. Financial analysts and shareholders are in the process of trying to get executives Lazaridis and Balsillie to leave their positions, and are hoping for some transformational chief executive to appear and turn around the company. With innovative leadership and more technology expertise on board, many believe RIM can turn around and come back. Being acquired by Oracle is another option. But something needs to be done quickly.

More at: http://www.taipeitimes.com/News/biz/archives/2011/10/17/2003515934/3