Co-CEOs and company founders Jim Balsillie and Mike Lazaridis are among a group of execs ordered to pay $77 million in fines and restitution. Big numbers for you and me, but chump change when you're billionaire founders of one of the world's top wireless companies.
The company also took another run at security vendor Certicom earlier this week, doubling its original offer and one-upping would-be suitor VeriSign. Today, Certicom said it liked the offer (well, wave enough money in front of me and I'd like it too, but I digress...), which leaves VeriSign until Feb. 11th to decide whether it wants to pay more to dance or go home empty-handed in dad's Dodge Aspen wagon.
In my humble view, Certicom's the real story here, as a successful buy sets RIM up quite nicely to control who in smartphoneland gains access to vital encryption technology. After all, you'd rather be a gatekeeper because you get to make the rules and keep everyone else's money.
Here's a quick peek at what I was up to today, and why I'm writing into the evening as a result:
- Business News Network's Martin Cej and Frances Horodelski interviewed me this afternoon. The video stream can be found here.
- The Canadian Press. OSC approves multimillion-dollar settlement with RIM's Lazaridis and Balsillie. Byline David Friend.
- Reuters. RIM executives to pay millions in options pact. Byline Wojtek Dabrowski
- I also spoke with Gary Doyle of Kitchener-Waterloo's 570News. RIM's HQ is located in Waterloo, so 570News is the hometown station, and I often chat about tech stuff with Gary - someone who still gets the magic of talk radio.
Your turn: Pretty pictures will return imminently. In the meantime, feel free to explore some in the archives here, here, And even here, but only if you're really hungry.