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-- it is going from bad to worse for Research in Motion a brutal first quarter loss following the Blackberry maker's shares.
Now down 95%.
From their June 200890.
-- 95% can you believe that look at that today.
It's down another dollar and 72 cents.
-- almost 19% -- my next guest.
Is in agony -- not taking it lying down -- Al Bellini is jaguar financial corp chairman and CEO he's also an activist rim shareholder.
So how matter you.
Well I mean the results are hugely disappointing essentially rim.
Doesn't have a technology business left -- house to focus on breaking up the company.
And selling the parts to one of the major competitive giants whether it's Microsoft IBM.
FaceBook I mean there are -- -- -- is that there but.
They're not gonna garner the kind of value that they hope to garner years ago.
So do you think of the new CEO Thorsten -- is doing that I mean do you think he's out there actively trying to break it up and sell it.
I don't actually I don't care that's the major I think that's the major problem I think management and the board -- clinging desperately.
-- -- there are BV ten phones which now as you know.
I've been delayed until the end of the first calendar quarter next year that's nine months from now which is an eternity.
In the technologically competitive landscape he just can't wait that long -- or new revenue is so essentially they're revenue has gone.
Now it's amazing that this kills me about this company so eat even -- -- I was on my way over to the studio I saw some with two kids out sire studio and the daughter said.
The new Blackberry ten -- my gonna get that I can't wait after all the risks -- -- how much the company has fumbled.
We still all have -- So there -- some value in their because they're stealing ubiquitous.
How do you capitalize on that or even how what they let the company also far when when.
There are these device is out -- that everybody how does.
Well there's a loss of credibility I think on the part of the board of the management team in fact you know we we call upon -- the board to voluntarily resigned.
And we need a new board to hire -- new CEO unfortunately.
An engineering focus rookie CEO was not the kind of CEO that this company needs right now there has to be dramatic change but that change.
Is sort of a deer in the headlights change right now because the board is.
Under shock and -- if you will given what's transpired and just don't have the experience to restructure this company.
So you're talking about -- company salvaging value.
Restructuring a company with a view to.
Selling parts what the company management team and the board is focused on.
Is licensing the BB ten software GB's -- and partnerships -- -- not the way to create value here.
It's -- -- your investment.
-- -- I need your investment -- reading is sold the stock I mean that's we're running out of time but I don't wanna -- without asking that question why do you still own it.
Well you know we trade it we own it we still see some upside -- need right now.
You're looking still let patent value real estate value potential value.
For the handset business and potential value for their hat enterprise this -- business.
It it is worth more than the current stock price that's for sure if somebody.
Is on a mission to break it up and sell it.
Yeah I guess but anyone -- stock has lost 95%.
Of its value since June 2008 you have to ask yourself that mean.
You can only lose a 100% so anyway Dick thank you for coming on we appreciate your time and that hopefully things there will turn around our it is -- -- as we.
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