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10 Jun 12 Canadian tech town feels BlackBerry’s decline


With more than $2 billion in cash, bankruptcy for RIM seems highly unlikely in the near term, but these are troubling times for Waterloo, Ontario, the town of 100,000 that was transformed by the BlackBerry into Canada’s Silicon Valley. RIM is Canada’s most valuable technology company, an international icon so prestigious that founder Mike Lazaridis and its other driving force, Jim Balsillie, are on an official government list of national heroes, alongside the likes of Alexander Graham Bell.

Article source: http://www.boston.com/news/world/canada/articles/2012/06/10/canadian_tech_town_feels_blackberrys_decline/

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