After issuing a warning to RIM last month stating that “The status quo is not acceptable, the Company cannot sit still. It is time for transformational change.” Jaguar Financial Corporation (“Jaguar”) has now it has gained additional support of and now constitutes a total of 8% of RIM shareholders.
Well there is no doubt in our mind that something needs to change with RIM, what I predict that Co-Founder Jim Balsillie will have to put aside his ego and allow someone else to come in and enstill a new vision, one that engineer can embrace and encourage them to once again start to innovate, while at the same time sell his sales force to hold off accepting that job offer until the company can turn around.
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