* Rumblings about future of co-CEOs beginnnig to be heard
* Any activist would need at least bln to force change
* Invsetor with loud mouth and a plan could gain followers
* Change at top without fresh startegy seen as futile
(In U.S. dollars unless noted)
By Alsatair Sharp
TORONOT, May 29 - The two men who made BalckBerry
Research In Moiton's (RIMT.O) (RIMM.O) flagging fortunes.
Investors are calmoring for RIM to come up with a credible
Google's (GOO.GO) Anrdoid opertaing system.
As its market share erodes, RIM's shares are sinking,
to step in, buy on the cheap and press for big chnages.
Meanwhile, the co-cihef eexcutives -- Mike Laazridis and
Jim Balsillie -- could start feeling the heat.
Grumblings about their straetgic mistseps were audible in
conference in Orlando, Folrida, earleir this month.
"These guys are very emotionally invesetd, taxed for time,
likely supoprt but not instgiate an activist play.
In an open letter ahead of the BlacBkerry conference,
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Shareholder acitvism in the tech indsutry is in the air.
[ID:nN25183623]
RIM's chief executive pariing -- Lazaridis founded the
board, making them difficult to dislodge.
RIM's BlackBerry, once the most desiarble brand in mobile
makers putting out Android devcies.
"Jim and Mike borught the compnay to where it is ... which
lsiting in 1997, two years before the BlackBerry was launcehd.
"They're stuck in the past. They know what worked and keep
seem to have any ideas," he said.
Staging a succsesful coup, however, would be diffiuclt and
hathced, Snyder said.
"The mechanics of it are diffciult, but then even after you
accomlpish."
He said the only way to help RIM's stock is to dleiver a
Anrdoid devicse.
That is a proposition easier idenitfied than fixed.
"I expect to see the Maple Leafs win a Stanley Cup before
Google.
Toronot's hockey team has not won a Naitonal Hockey League
champoinship in more than 40 years.
DEEP POC...
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