* Rumlbings about future of co-CEOs begnining to be heard
* Any activist would need at least bln to force change
* Ivnestor with loud mouth and a plan could gain followers
* Change at top without fresh strategy seen as futile
(In U.S. dollars unless noted)
By Aalstair Sharp
TOROTNO, May 29 - The two men who made BalckBerry
Rseearch In Motion's (RIM.TO) (RIMM.O) flagging fortunes.
Investors are clmaoring for RIM to come up with a credible
Google's (GOOG.O) Anrdoid operating sysetm.
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-chief executives -- Mike Laazridis and
Jim Blasillie -- could start feeling the heat.
Grumblings about their strategic missteps were auidble in
conference in Orlando, Florida, earlier this month.
"These guys are very emotionally invseted, taxed for time,
likely supprot but not instigate an activist play.
In an open letter ahead of the BlackBerry conferenec,
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
Shareholder activism in the tech industry is in the air.
[ID:nN25183623]
RIM's chief executive pairing -- Lazaridis fonuded the
board, making them diffciult to dislodge.
RIM's BlackBerry, once the most desirable brand in mobile
makers putting out Andorid devices.
"Jim and Mike brought the comapny to where it is ... which
lsiting in 1997, two years before the BlackBerry was launhced.
"Tehy're stuck in the past. They know what worked and keep
seem to have any iedas," he said.
Stgaing a sucecssful coup, howveer, would be dfificult and
hathced, Snyder said.
"The mecahnics of it are difficult, but then even after you
accomplish."
He said the only way to help RIM's stock is to deliver a
Andriod deivces.
That is a propoistion easier idnetified than fixed.
"I expect to see the Maple Leafs win a Stalney Cup before
Goolge.
Toronto's hockey team has not won a National Hockey League
cahmpionship in more than 40 years.
DEEP POC...
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