- 11-16-2012, 12:33 PM #4
That's like saying you're upset some of their device components are made in China and not wholly in Canada. As a shareholder, you should be able recognize that's a cost saving measure and take it for what it is. I'd rather see them outsource and reduce costs in an effort to remain relevant then burn through more cash then they need to.
- 11-16-2012, 12:38 PM #5
You're a shareholder.
Cheaper labour = cost savings = at the end of the day, value for shareholders.
RIM is trying to cut $1 Billion in costs, and get these phones out on the market while preserving as much cash balance as they can; all important to increasing the share price of the company.
....So why/how are you mad. Unless you work at RIM HQ in Waterloo.
Last edited by jenks5150; 11-16-2012 at 12:51 PM.Remember to RTFM.
- 11-16-2012, 01:08 PM #8
Really.. They are surviving (pre BB 10) due to the cost cutting. And outsourcing is a part of corporate life. I just got back from India.Thorsten Heins: "We have a clear shot at being the No. 3 platform in the market" - 09/25/2012
Thorsten Heins: "We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure" - 9/27/2013
Thorsten Heins: Mission Accomplished; I am out of here suckers - 11/4/2013
- 11-16-2012, 01:13 PM #9
I'm not surprised if I could pay an accountant 10 dollars and hour compare to an accountant in Canada that's getting 120 hours sure why not. However, the devices should be much cheaper buit thats just a dream . hahaha
Well my experience in dealing with IT people in India is you get what you pay for.
But furthermore, what is the point in making phones cheaper if no one in the developed world can afford them because their jobs are all gone or their wages have been slashed.
I think RIM can survive and pay decent wages in Canada for existing jobs.
If Canadian companies cannot survive while paying good wages, then our entire economy will collapse.
I am an ethical investor and I also believe this destruction of the Canadian and American middle class will cause a permanent recession or worse.
Do you think the middle class will continue to buy $600 smart phones, 55" HDTVs, $30,000.00 automobiles and $70/month cell phone packages while their incomes are slashed or do not mach inflation.
Obviously, when recessions occur, the purchases of discretionary goods goes down and those companies suffer greatly. Look at the auto industry as an example.
I think the same will happen with smartphones. Who making low wages is going to buy a new smartphone every 2 years when they can't afford their mortgage or decent clothes.
- 11-16-2012, 01:39 PM #13Sent from me using my fingers. Be pantless in 5K. Febreze - for more than smells.
the 50K CrackBerry challenge
- 11-16-2012, 01:50 PM #14Remember to RTFM.
You can't just say you will offshore your jobs and nobody else will. It is the entire NA corporate entity who is killing off the North American consumer.
And that ain't good. RIM is part of this NA corporate culture that is contributing to this killing off of the North American consumer who it seems to think is so important to its survival.
- CrackBerry User
11-16-2012, 02:47 PM #19
- 81 Posts
If RIM did not cut any expenses in the short term, they would just bleed themselves dry; resulting in no jobs for the wonderful people of Canada. Sometimes you have to sacrifice in the short term, in order to benefit Canadians in the long term.
- CrackBerry Genius
11-16-2012, 02:59 PM #21Verizon Z10 STL100-4 OS: v10.2.0.1791
- 3,834 Posts
- BBM is useless to me. Now I can't delete it!
Playbook OS v220.127.116.116
Is the Z10 the next PlayBook? Incomplete and soon to be abandoned?
- 11-16-2012, 03:23 PM #22
That's not the way it works in the business world.
And as I said, saving $10 million and then losing $50 million in profits due to less sales is not good for me as a shareholder.Remember to RTFM.
- CrackBerry Genius
11-16-2012, 03:37 PM #23
- 4,258 Posts
Ultimately India is a far more loyal customer for RIM at the moment than NA. Whatever sales, although most likely miniscule since most consumers don't care about where their products come from, they may lose here due to "ethics" they'd make up for in India.Blatant placeholder signature.
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