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Research In Motion stays home
• In 1988, RIM became one of the first companies in North America to become a wireless digital technology developer. Its earliest invention was a pager, but engineers realised that their device could be made not only to receive messages but to send them as well.
• Jim Balsillie joined RIM in 1992 with a personal investment of $250,000. Six years later, the first BlackBerry was made available to the public with a monochrome display.
• In 2001, a group of American investors filed suit against RIM Inc. for patent infringement regarding the building of its wireless e-mail network. NTP Inc., which held the patents, won the case and after several years of appeals that affected BlackBerry sales in the United States, RIM Inc. paid NTP Inc. $612.5 million.
• Jim Balillie's love for hockey came to the fore in 2006 when he made a bid to purchase the Pittsburgh Penguins of the NHL. His bid was withdrawn when the NHL prevented him from moving the team to another city. A year later, Balsillie tried to buy the Nashville Predators and move them to Hamilton. That bid was also blocked by the NHL.
• In 2009, Balsillie announced a bid to purchase the Phoenix Coyotes hockey club, which had filed for bankruptcy. The $212.5 million USD bid was conditional on relocation to a city in southern Ontario.
• At the time of this 2000 report, Paul Martin was the federal Minister of Finance. He became prime minister in 2003.
Program: The National Magazine
Broadcast Date: April 10, 2000
Guest(s): Jim Balsillie, Mike Lazaridis, Paul Martin
Reporter: Susan Reisler
Duration: 3:51
Last updated: January 29, 2013
Page consulted on January 29, 2013
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