BlackBerry's maker to lose exec
TORONTO — Struggling BlackBerry-maker Research In Motion Ltd. said Monday that it is losing another senior executive as its chief legal officer is retiring from the company after 12 years. RIM said that Karima Bawa had been in discussions about her retirement for some time and plans to stay on to help with the transition once a successor has been hired. The once-iconic BlackBerry company is facing its most difficult period in its history. RIM is working on launching a new software operating system just as North Americans are abandoning their BlackBerry's for Apple's iPhone and smartphones that run Google's Android software. The Globe and Mail, citing people close to the company that it didn't identify, reported RIM soon will announce at least 2,000 layoffs. A RIM spokeswoman declined to comment on the report but noted that new chief executive Thorsten Heins said in March he would streamline operations and drive efficiency and that the chief financial officer said RIM's goal is to save $1 billion this fiscal year. RIM has about 16,500 employees, down from a peak of almost 20,000. The Waterloo, Ontario-based company let go 2,000 workers in July.
Entrepreneur's secret gets out
PALO ALTO, Calif. — A Silicon Valley entrepreneur who secretly lived at the office of AOL Inc. to save money now has his own place. The San Jose Mercury News reports that Eric Simons, 20, recently received $50,000 in new funding and is renting a house in Palo Alto. Simons ended up at AOL with a $20,000 grant from a business incubator that used AOL's Palo Alto office. When he was no longer able to pay rent, he made the office his home. He kept clothes at the AOL gym, slept on couches and grabbed snacks that were set out for everyone in the morning. He was caught after about two months in December by a manager in the building. But his story — first reported by technology website CNET last week — has generated a buzz that has attracted other investors.
Microsoft enters Iraqi market
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