Writing was in the wall years ago and they didn't see it. Having worked at RIM back in 2004-2006 it was filled with former telco managers who were Byzantine in their attitudes and outright dismissed everything the competition was doing off the bat without recognizing the merit. They were Apple levels of arrogance, more inflexible than Apple and without the premium brand following and marketing of Apple. They paid for it and fast.
Sad thing is I know a boat load of great and smart people who may be losing their jobs, although they were all looking last I talked to them back in 2009 so hopefully they all managed to jumped ship by now.
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