(By Karl Denninger) "Yes, we can ignore this...."
No, you can't.
The stock price is now back to where it was in 2004 and is headed to zero.
The simple fact of the matter is that Hines has ignored the ability to "break the glass" he has with the Playbook and BB10.
He has exactly one trick left available to him and that is to open the platform to GAPPS right here and now. That would instantly make BB10 devices equal to Android devices and able to compete with them on the merits - where the QNX codebase would win big -- as they would be able to run all Android apps immediately.
The technical ability for the platform to do this exists right now. It requires no development. I know this and so does anyone else who has a rooted Playbook. The barrier is not technical, it is the jackassery and arrogance in the executive suite of this Waterloo company that deserves to be out of business AND WILL BE unless it moves NOW on this point.
RIMM cannot play the "Ecosystem" game. It lacks the depth and market penetration to do so and it will fail and go bankrupt if it keeps trying to go down that road.
The attempt to do so was made and it was a failure; you either admit to your failures and embrace what you can do or you go under and die.
Hines, you're an idiot and the board is worse.
They BOTH deserve to be lobotomized and the institutions and governments that have backed your platform are all fleeing like rats off a sinking ship as they KNOW you're TOO DAMNED STUPID to deserve their money.
The stock is down more than 5% this morning (again) on very high volume and at this rate the stock ill be trading at $5 within a month - or maybe within a day if this stupid crap keeps up.
I've been trying to get RIMM to look at the facts here for close to a year. I know the "RIMM" developers don't want an open system for Android apps but more to the point RIMM still thinks they can skim off the application stream and play the "ecosystem" game.
You can't RIMM -- there's no penetration, there will be no penetration and if you don't cut this stupid shit out right now there will be no company for you to worry about within the next one to two years. You either make money where you can and stop trying to emulate those who you are not or you DIE.
You have to move NOW to stop this, and you have exactly ONE thing you can do stop the bleeding immediately and give you a healthy shot at survival where you compete on the technical merits of your new operating system platform.
YOU HAVE EXACTLY ONE MOVE YOU CAN MAKE THAT WILL STOP THE BLEEDING.
OPEN THE DAMNED PLATFORM TO GAPPS -- RIGHT NOW -- OR YOUR COMPANY IS FINISHED.