Mike Lazaridis can now say he has something in common with Bill Gates. Roughly 17 years after Microsoft's
As you'll see, Lazaridis took issue with questions posed about (ahem) "issues" raised a year ago by the governments of the United Arab Emirates and India, among others. Regulators there feared terrorists were using Research In Motion's
Whatever concerns there were now appear to have been addressed, so it's tough to blame Lazaridis for being frustrated by correspondent Rory Cellan-Jones' line of questioning. Less forgivable is how he positions his company in follow-on comments, which you'll hear at around the 35-second mark of the interview:
"We've just been singled out, because we've been so successful around the world. [The BlackBerry is] an iconic product. It's used by business, it's used by leaders, it's used by celebrities, it's used by consumers, it's used by teenagers. We're just being singled out because of our success."
You know which other device that describes? Apple's
No matter. According to Lazaridis, everyone who isn't aboard the BlackBerry train is a hater. Market share statistics? Pshaw. Who cares if Motorola Mobility
Most troubling is that we've seen this sort of behavior before. Lazaridis fumbled over himself in taking questions from Wall Street Journal reporters Walt Mossberg and Kara Swisher during December's "Dive Into Mobile" industry conference.
Gates ultimately settled down to become one of the great tech CEOs of the last 30 years. Lazaridis seems unlikely to reach this same plateau. His comments look backward rather than forward. Sure, RIM has been a pioneer. Sure, profits are up more than 30% over the past year. All of that's great for those looking back at a trailing decade filled with success. Today's investors wonder what's next.
So far, RIM hasn't given them much to cheer about. Lukewarm reviews culled at Fortune suggest the new PlayBook tablet will disappoint just as much as the Torch handset did last summer. Specifically, Fortune says both Mossberg and the tech gurus at Engadget point to the PlayBook's inability to perform email, contact, and calendar tasks without the aid of a tethered BlackBerry as a crippling deficiency.
Fools also lack faith. Only 46% of those I polled in a recent survey said they'd purchase the device, and those who've rated the stock in CAPS give it just two stars.
"Losing market share every day is not a way to outperform. Unless they come out with something incredibly different than what they offer now, [Research In Motion] won't be a major player for long," wrote Foolish investor RepairmanJacked earlier this month in making an underperform call.
I'm forced to agree. With nothing to look forward to, Lazaridis has just the past to lean on. He's trapped; innovation is the only way out. But judging from his comments, Lazaridis doesn't believe that. He believes his company is leading and Apple and Google are lagging. Sorry, sir, but that's no longer true. The sooner you accept this new reality, the more likely it is RIM will regain its standing as a competitor to be feared.
Do you agree? Disagree? Let us know what you think about Lazaridis' comments, RIM's strategy, and the likelihood of the PlayBook earning a following using the comments box below. You can also rate Research In Motion in Motley Fool CAPS.
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