As mankind enters the 21st Century, humans are becoming more and more dependent on technology. With innovative ideas modifying all the existing knowledge we have it is becoming a necessity for each and every one of us to keep up with the new precedents that technology set for us on a daily basis. This surge towards being the frontrunner in wireless, handset technology is led by the Canadian company Research in Motion (RIM). It is this company and how they’ve applied science that we will examine to try and identify their economic standing within this specific industry. We will dissect the framework of the company in order to determine its standing on the Toronto Stock Exchange (TSX). On March 26, 2008 the market closed with RIM selling at $120 a share.
RIM was founded in March, 1984 by Mike Lazaridis, now President and Co-CEO of the company. It opened doors for business out of Waterloo, Ontario and offered the design, manufacturing and marketing of innovative wireless solutions. RIM has global offices branching from Europe to Asia Pacific and is now traded on both NASDAQ and Toronto Stock Exchange (TSX). Their award winning products include integrated hardware, and most importantly their break-through product the BlackBerry, as well as software and services to accompany them. Other products include an entire RIM handheld product line, software tools and development and radio modems which include features such as email, phone, SMS messaging, internet and intranet-based applications.
The key to RIM’s great expansion from relative obscurity came in 1999 with the introductory release of the BlackBerry. This product quickly became the leader in this high-growth wireless communication industry as it offered emailing functions from its handset d ...