Will RIM score a perfect 10 today?

In constant motion

Research In Motion is banking on BlackBerry 10, a crucial makeover that the company hopes will help with a turnaround. A quick recap as the company desperately tries to regain the market share lost to Apple & Google

Jan 22, 2012: RIM founder Mike Lazaridis and long-time executive Jim Balsillie step down as co-CEOs. Thorsten Heins, a chief operating officer who joined RIM four years ago from Siemens AG, named replacement. Lazaridis and Balsillie remain on the board

March 29: Balsillie resigns. RIM reports a loss of $125 million, its first quarterly loss since fiscal 2005. Heins doesn't rule out a sale

April 26: Prem Watsa, RIM's third-largest investor, says he sees his investment in the company as a long-term one, adding that RIM's fortunes won't be reversed soon

May 1: RIM unveils a newly designed smartphone prototype powered by its upcoming BlackBerry 10 system. The prototype BlackBerry has a touch screen, but no physical keyboard like most BlackBerry models. No update was given on the new system's launch date

June 20: RIM lays off employees as part of a restructuring plan aimed at saving about $1 billion in 2012

June 28: Cuts 5,000 jobs, about 30 percent of its workforce, and delays the launch of BlackBerry 10 to the first quarter of 2013

June 29: Stock hits nine-year low

July 10: At RIM's annual shareholders meet, Heins asks disgruntled investors for patience as the company develops new devices to rival the iPhone and Android smartphones.

Nov 12: RIM holds an official launch event for BlackBerry 10 smartphones on Jan 30

Nov 28: Nokia says it is suing RIM for breach of contract in Britain, US and Canada over cellular patents the two companies agreed on nine years ago

... contd.

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