It’s always great to have a network of friends who curate information for you and know what’s going to interest you. HIC in NYC sent me an explosive link about the woes at Research In Motion. Jay Yarrow of Business Insider has put together this article based on comments from a former employee.
I’m always sceptical of these “former employee” missives. Frequently they can be based on another agenda but this ‘warts and all’ commentary appears just as the makers of Blackberry are on the ropes. Massive slide in share price and poor reviews for their new tablet, The Playbook.
I’ll leave you to click on the link above and read for yourself but the choice quote for me had to be;
“The problem is that they brim with hubris regarding their success in the corporate market and are culturally blind to the gaping holes in their armour regarding consumer. They honestly think they understand consumer product, business, mentality, marketing – but they really don’t.”
I suspect that CEO Jim Balsillie is under a lot of pressure this weekend.