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RIMM CEO Mike Lazaridis Abruptly Terminates BBC Interview

Tyler Durden's picture


An odd update for RIMM shareholders. In an interview with BBC Click, RIM CEO Mike Lazaridis, who has had quite a bit of trouble convincing the market about anything lately, apparently was unable to convince the interview host not to ask a set of questions relating to RIM security issues in India and the Middle East. As a result, Mike proceeded to simply walk out of the interview. Rather odd behavior for a CEO whose credibility level is already perceived as low to quite low by the market. Then again, we expect nothing less from the Chairman on April 27 during the first ever Fed press conference, when someone asks him what exactly the $130 billion or so in "Other Assets" on the Fed's balance sheet actually are.

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Wed, 04/13/2011 - 10:15 | 1164933 Chuck Yeager
Chuck Yeager's picture

Society is wise to media, unlike recent decades.

If you can't control the message, don't deliver one.

We are changing very rapidly as a society, yes indeed.  This is getting more interesting by the day. 

Wed, 04/13/2011 - 11:46 | 1165331 Bill the Cat
Bill the Cat's picture

Ack!  RIMM job!  Tppftph!

Wed, 04/13/2011 - 11:59 | 1165384 bigdumbnugly
bigdumbnugly's picture

maybe he just really needed to go get another doughnut.

Wed, 04/13/2011 - 14:26 | 1166149 Ted K
Ted K's picture

Is it just me, or does Lazaridis look like the head of police for Springfield in the Simpsons cartoons????

Wed, 04/13/2011 - 10:15 | 1164935 w a l k - a w a y
w a l k - a w a y's picture

an old trick and a good trick


w a l k - a w a y

Wed, 04/13/2011 - 10:51 | 1165118 smlbizman
smlbizman's picture

tell me he does not remind you of the sweaty character martin short use to play as a crooked business owner...only thing this guy is missing is the cigarette...

Wed, 04/13/2011 - 11:34 | 1165277 hedgeless_horseman
hedgeless_horseman's picture

Congressman Pete Stark really knows how to walk away from an interview...

Wed, 04/13/2011 - 12:42 | 1165598 jmc8888
jmc8888's picture

Reminds me of Phil, Bam's crazy uncle.

Wed, 04/13/2011 - 13:00 | 1165697 natty light
natty light's picture


Phil is his dad.

Wed, 04/13/2011 - 11:21 | 1165246 oh_bama
oh_bama's picture

He is doing the RIGHT THING!!



Wed, 04/13/2011 - 10:16 | 1164939 WALLST8MY8BALL
WALLST8MY8BALL's picture

He should spoon with TEPCO CEO Masataka Shimizu

Wed, 04/13/2011 - 12:15 | 1165454 Phillips Capital
Phillips Capital's picture


Wed, 04/13/2011 - 14:27 | 1166161 Ted K
Ted K's picture


Wed, 04/13/2011 - 10:14 | 1164940 InconvenientCou...
InconvenientCounterParty's picture

"They" are either stupid or crazy to put Bernake in front of the press. Is Rolling Stone gonna be there? epic fail.

A cell next to Madoff sounds more appropriate.

Wed, 04/13/2011 - 10:26 | 1164993 Arius
Arius's picture

what press???

Wed, 04/13/2011 - 11:56 | 1164944 anynonmous
anynonmous's picture

Laz is cool, more people should take this approach with media scum.





(junked by media scum)

Wed, 04/13/2011 - 10:17 | 1164945 Spastica Rex
Spastica Rex's picture

Not fair!!!!!

Wed, 04/13/2011 - 12:51 | 1165662 cbxer55
cbxer55's picture

Did'nt Liesman say that recently, to Santelli? ;-)

Wed, 04/13/2011 - 10:15 | 1164949 tmosley
tmosley's picture

Spalding told me RIMM is a great company.  I TRUST him.  After all, he's the one that "gave" us GLUU.  And a few dozen others.  But he never talks about the others.  I wonder why?


Wed, 04/13/2011 - 13:05 | 1165725 mogul rider
mogul rider's picture

Where is he these days?


I miss the comedy

Wed, 04/13/2011 - 17:53 | 1166910 tmosley
tmosley's picture

Crying to himself as he searches the depths of the internet in the vain hope that something I said somewhere, once in the history of the Earth, that could somehow totally discredit me and everything I have ever said, on the paucity of a chance that taking me down would somehow elevate him.

Also, junking every comment that I make, like the jealous loser he is.

Wed, 04/13/2011 - 10:28 | 1164952 hedgeless_horseman
hedgeless_horseman's picture

The CEO of Sun Microsystems said that consumer privacy issues are a "red herring."


"You have zero privacy anyway," Scott McNealy told a group of reporters and analysts Monday night at an event to launch his company's new Jini technology.


"Get over it."


April 11, 2011


Blogger Maikel Nabil slapped with 3-year prison sentence; says worried about his safety


Nabil was charged with spreading false news and insulting the military institution. The false news included the use of violence by the army towards civilians and using the Egyptian Museum as a torture chamber.


“This is a clear message by the army that any civilian voicing a negative opinion about the army will be imprisoned,” Ramadan said.


You have been warned.

Wed, 04/13/2011 - 10:45 | 1165090 serotonindumptruck
serotonindumptruck's picture

It is my understanding that an act of "libel" can still be prosecuted as a criminal complaint in many States and municipalities within the USA. Therefore, if the US government decides to begin quashing the First Amendment Rights of US Citizens, then there is already a judicial mechanism in place for them to do so.

Hey MachoMan, where you at dood?


Wed, 04/13/2011 - 10:16 | 1164954 CosmoJoe
CosmoJoe's picture

This guy looks like Peter Griffin

Wed, 04/13/2011 - 10:19 | 1164957 Rainman
Rainman's picture

I sure hope the Fed's first press conference includes a question about Fed loans to the Housewives of Wall Street. Matt had a good time with this one.


Wed, 04/13/2011 - 10:19 | 1164959 Oh regional Indian
Oh regional Indian's picture

Actually I don't blame Mr. Lizard at all. It's been quite the game here in India where RIM was THE goto company for corporate push-mail devices. The must have.

But Google/Android and Apple needed to win the smartphone wars. So RIMM has been given the RIM job here, over and over. All is not as it seems. It's a proxy corporate war as well as needing to keep some semblence of govt. snooping at bay.

I'm not a fan of any one of them, but it's been quite th emedia circus here. I guess RIMM's favoured status is up now that Android is ready.


Wed, 04/13/2011 - 11:03 | 1165165 Barneyiknow
Barneyiknow's picture

I won't argue your points regarding the issues RIMM has faced in India. However that doesn't justify his behavior as a CEO and a representative of the company and ALL of it's shareholders. If I was a RIMM shareholder or employee I would be embarrassed by his behavior. His behavior was both disrespectful and a passive aggresive. Two character traits I certainly don't admire in my employees and I certainly wouldn't want in a CEO.

RIMM, once a market leader is now way behind the curve. I certainly wouldn't want this guy leading the turnaround.

Wed, 04/13/2011 - 11:42 | 1165321 morkov
morkov's picture

i'm a passive-aggressive employee of yours.
F#ck YOU!

Wed, 04/13/2011 - 11:02 | 1165169 cossack55
cossack55's picture


Any idea what he meant at the end when he began to say" ...its a National Security........?  Did I hear that right?  Whose stinking security?

Wed, 04/13/2011 - 11:08 | 1165186 Oh regional Indian
Oh regional Indian's picture

You heard right Coss. India Gov. has been demanding total Echelon like intrusion into RIMM servers. Co-locate them in India and give gov. full access.

The Indian ppolice state is so far beyond gone, it's not funny. 

So, it is really a corporate war by .giv security rubbish proxy.

Again, no fan of his or RIMM as a company, but it's been a pro-android/apple move for sure here.

Quite the theater.


Wed, 04/13/2011 - 11:22 | 1165241 Antipodeus
Antipodeus's picture

Yes, you heard right:

"... It's a 'National Security' issue ... You can't talk about that ... Turn that off ..."

Is that why the newly-elected President Obama was required to dump his 'Blackberry'?  Makes you wonder who else is listening in on peoples' conversations/communications, doesn't it?

Guess which sweaty, clearly-nervous, CLEARLY-uncomfortable person's credibility just went straight down the toilet?


Wed, 04/13/2011 - 10:19 | 1164960 RowdyRoddyPiper
RowdyRoddyPiper's picture

Too much pressure in Waterloo. Ballsilly would have jumped across the table and tore out the interviewer's heart.



Wed, 04/13/2011 - 10:23 | 1164977 anynonmous
anynonmous's picture

ballsy's problems is too many pucks to the head

Wed, 04/13/2011 - 10:24 | 1164985 SheepDog-One
SheepDog-One's picture

Nah Baldsilly would never do something like that and risk his toupe becoming unfastened.

Wed, 04/13/2011 - 10:19 | 1164962 Thomas
Thomas's picture

To be fair, it sounded like a "have you stopped beating your wife" type question (although I could be wrong).

Wed, 04/13/2011 - 10:20 | 1164966 Leo Kolivakis
Leo Kolivakis's picture

Michael Lazaridis is a genius and my favorite Greek Canadian entrepreneur. I'm long RIMM in a personal way because I bought the Torch last October. I know, the iPhone people will tell me it's so much better but I support my fellow Greeks and BBM rules!!! LOL! (to be honest, I received an iPod recently and love it!).

Wed, 04/13/2011 - 10:26 | 1165000 Arius
Arius's picture

geniuses dont walk out on BBC...

Wed, 04/13/2011 - 10:44 | 1165075 Leo Kolivakis
Leo Kolivakis's picture

''geniuses dont walk out on BBC...''

Why not? Does the BBC have a monopoly on wisdom and credibility??? Maybe he was having a bad day. Who knows, who cares?

Wed, 04/13/2011 - 10:44 | 1165088 SheepDog-One
SheepDog-One's picture


Wed, 04/13/2011 - 14:34 | 1166201 Ted K
Ted K's picture


What you meant to say is, Lazaridis is a cocksucker for the India's Bureau of Information, but you had a hard time spitting it out 'cuz you were choking on Kalamata olive pits.

Wed, 04/13/2011 - 11:28 | 1165259 RowdyRoddyPiper
RowdyRoddyPiper's picture

Leo: So he is your favourite "Greek" you have a favourite "just" Canadian?  Enough of these damn hyponated people!

A story. My wife and I were at a party and spoke to another couple when the topic of nationality came up. I am 9th generation Canadian, my wife, British born, and the other couple said they were both Greek. My wife, who has visited Greece quite often, asked them where they were from. Why Toronto, they replied. They had never been to Greece but hoped to visit on their honeymoon. There parents were from Greece.

Not Canadian, where they were born but fucking Greek.

So Leo, some of us think these hyphens are a insult. 

Wed, 04/13/2011 - 14:24 | 1166136 Hicham
Hicham's picture

I hope you called them out on that. Honestly, I'm sick of how half the toronto radio stations are in spanish/mandarin/portuguese/italian/ etc etc

This is Canada...speak english or french?

Wed, 04/13/2011 - 14:24 | 1166154 equity_momo
equity_momo's picture

More PC bullshit.

Pick a fucking team.  Flip flopping poseurs.

Wed, 04/13/2011 - 13:07 | 1165731 mogul rider
mogul rider's picture

Leo if you gonna invest my pension in this POS then I know your pension scheme is a scamm.


C'mon dude - they are more interested in hockey teams than running a company

Wed, 04/13/2011 - 10:19 | 1164970 Moleman
Moleman's picture


Wed, 04/13/2011 - 11:28 | 1165260 weinerdog43
weinerdog43's picture

Is this thing on?

Wed, 04/13/2011 - 10:23 | 1164976 SheepDog-One
SheepDog-One's picture

Damn clip wont play for me. Anyway RIMM has always been a Nasdaq scam slush fund, using stolen technology since their beeper days.

Wed, 04/13/2011 - 10:23 | 1164979 bob_dabolina
bob_dabolina's picture

what exactly the $130 billion or so in "Other Assets" on the Fed's balance sheet actually are.

Shares of SPY, IWM, and XRT

Wed, 04/13/2011 - 10:27 | 1165007 A Man without Q...
A Man without Qualities's picture

They took unused lap dance vouchers from the banks as collateral, but don't worry, they're going to use them eventually...

Wed, 04/13/2011 - 10:54 | 1165120 whoopsing
whoopsing's picture

I think those 'other asset's' are chuck e cheese token's Bob

Wed, 04/13/2011 - 10:30 | 1165011 Seasmoke
Seasmoke's picture

they have no problems.....Celebrities use RIMM products

Wed, 04/13/2011 - 10:45 | 1165093 SheepDog-One
SheepDog-One's picture

That line is so 3 years ago. Now they all have Droids.

Wed, 04/13/2011 - 10:33 | 1165035 medicalstudent
medicalstudent's picture

'issue of national security'


i guess when you need to shut up, or do something unconstitutional, those words will do the trick.

Wed, 04/13/2011 - 10:38 | 1165054 Bithead1
Bithead1's picture

WOW...I heard that too. He said it was an "issue of National Security", which tells me that they have a hole somewhere....and NSA knows all about it?

Wed, 04/13/2011 - 10:47 | 1165099 SheepDog-One
SheepDog-One's picture

Since when is some CFO of a phone company in charge of matters of national security? 

Wed, 04/13/2011 - 11:06 | 1165172 cossack55
cossack55's picture

When his bunk in Yucca Mountain depends on it.

Wed, 04/13/2011 - 11:25 | 1165256 serotonindumptruck
serotonindumptruck's picture

If that's where some of the elites plan to hole up during the next year or so, then one can only hope that these million year volcanic events are due to reoccur soon.

"Researchers funded by the Nevada Agency for Nuclear Projects and the Nuclear Waste Division of Clark County, Nevada suggested that the size of the Yucca Mountain volcanic field was not well known. Eight Quaternary basalt volcanoes erupted within 50 km of the proposed repository in the past million years, and higher than previously predicted recurrence rates for Yucca Mountain volcanism are possible in the future."

Wed, 04/13/2011 - 11:10 | 1165189 Ratscam
Ratscam's picture

since Obama insisted on using his BB after becoming President.

Wed, 04/13/2011 - 11:15 | 1165206 Dr. Richard Head
Dr. Richard Head's picture

Since Goldman Sachs and JPM controlled congress and the executive branch.

Wed, 04/13/2011 - 11:19 | 1165223 Urban Redneck
Urban Redneck's picture

Since the Patriot Act

Wed, 04/13/2011 - 10:39 | 1165063 monopoly
monopoly's picture

One of the best long term shorts out there.

Wed, 04/13/2011 - 10:45 | 1165082 Drag Racer
Drag Racer's picture

and just as interesting, GE finds it in their heart to return the $3.2 tax refund

Wed, 04/13/2011 - 11:34 | 1165276 Drag Racer
Drag Racer's picture

someone speak out of turn or propaganda sputterings????

Wed, 04/13/2011 - 12:00 | 1165380 anynonmous
anynonmous's picture

brilliant, a fake press release picked up by the AP forcing the great ImMelt to reitterate that his company will pay no tax


Bloomberg - GE refuted a statement claiming the company would return a “$3.2 billion tax refund” for 2010, following criticism of its tax rates and policies.

“It is a hoax,” said Anne Eisele, a GE spokeswoman.

Wed, 04/13/2011 - 11:08 | 1165188 The Axe
The Axe's picture

The issue is REALLY the new blackberry has security SO good these governments do not have the technology to intercept data and info off there transmissions. That is the deal.

Wed, 04/13/2011 - 11:15 | 1165209 virgilcaine
virgilcaine's picture

He's a Canuck after all, don't expect too much.

Wed, 04/13/2011 - 11:49 | 1165341 RowdyRoddyPiper
RowdyRoddyPiper's picture

Leo says he isn't just a Canuck, but a Greek Canuck. So you get Tziziki on your poutine.

Wed, 04/13/2011 - 11:48 | 1165349 Liquid Courage
Liquid Courage's picture

So is Robbie Robertson, y'know, the guy from The Band who wrote the song from which your sobriquet is extracted.

Why do you think it's OK to insult a whole people? Need an easy target since you can't get away with the "N word" anymore? Just guessin'


It's NOT FUNNY, Dude!


Wed, 04/13/2011 - 13:11 | 1165698 mogul rider
mogul rider's picture

Yo Virggguuuullll

You nancy boy yankees best be careful.We Canadians are the nicest people around till you get our blood pressure up

You see the last time you yankees opened up your pie hole at us a 150 years ago we shoved our dicks down them and you went home crying.


Best be nice or that may happen again

Just saying


PS Go ask your military friends who play wargames with us. They can illuminate on something, there's a reason your guys need rockets cause your dresses will get dirty from bending over on the battlefield.


Like I said go ask a vet. It's subject they don;t liek to talk about. In fact I particiapted in one about 20 years ago. It was a riot, your girls ran so fucking hard the other way they sent us home so they wouldn't be embarassed any more.

Wed, 04/13/2011 - 16:35 | 1166688 Ruffcut
Ruffcut's picture

Fuck your war games. 6 guys in detroit were shot in their car. The EMS never came. THey drove themselves to the po po station for help. But only one died. Better than expected.

Yeah, wargames.

You pussies can't even get guns for shit. The government in canuckistan has a hockey puck so far up your assholes, I'm surprized you can even breath.

Wed, 04/13/2011 - 21:40 | 1167567 Liquid Courage
Liquid Courage's picture

Sounds more like bad marksmanship.

I'm surprized [sic] you can even breath [sic].

Hmmm ... 6 words and 2 spelling mistakes. I'm so surprised I can hardly breathe. (sarc/)

As bad as expected. How do you even get past the CAPTCHA, dude? Your bum-buddy have one of those new-fangled calculomaters?

Wed, 04/13/2011 - 12:05 | 1165406 Kurtieboy
Kurtieboy's picture

Canada yeah!

Wed, 04/13/2011 - 12:11 | 1165429 Kurtieboy
Kurtieboy's picture

Actually the problem RIM has is its too secure.

Wed, 04/13/2011 - 12:49 | 1165436 virgilcaine
virgilcaine's picture

 virgil served on the Danville train.. til Stonemans cavalry came and tore up the tracks again. Good song but don't infer that virgil condones the use of the N word as you suggest.. They could be singing about the current defeat of the US even.

defeat is defeat afterall. The song hasn't played in 30 years, too real and painful I guess.

Wed, 04/13/2011 - 12:19 | 1165456 Phillips Capital
Phillips Capital's picture

Poker tell : as soon as he hears the dreaded words, his eyes glint and he looks to the right. very very easy to spot. i'd sell all RIMM if i had any.   

Wed, 04/13/2011 - 12:30 | 1165520 The Axe
The Axe's picture

Do you know Why CANADIANS love to fuck DOGGYSTYLE??? So they BOTH can watch the hockey

Wed, 04/13/2011 - 16:37 | 1166696 Ruffcut
Ruffcut's picture

Love it. Go red wings.

Wed, 04/13/2011 - 12:37 | 1165580 Almost Solvent
Almost Solvent's picture

Reggie Middleton has been calling for the eventual collapse of RIM ala Palm.

Looks like he will yet again be proven correct.

Keep up the great work, Reggie!

Wed, 04/13/2011 - 12:52 | 1165670 mogul rider
mogul rider's picture

These guys walked around Missasuaga like they were gods. His partner went looking to buy a hockey team , took his eye off the ball, and AAPL passed them like a burnt out hooker.

Now they are a chapter 11 ready to happen. Flame OUT!

Look at these peacocks now, they look like they got ate by coyotes.

Lesson for budding entrepreneurs. Humility matters

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