Timeline: Change at the top of Research In Motion
(Reuters) - Mike Lazaridis and Jim Balsillie, the tandem who led the company that makes the BlackBerry smartphone for two decades, have stepped down as co-CEO and co-chairman of Research In Motion RIM.TO.
Here is major milestones in the history of the Canadian company:
February 1985 - Mike Lazaridis and Douglas Fregin co-found Research In Motion as an electronics and computer science business based in Waterloo, Ontario, the Canadian university city where Lazaridis studied.
1989 - RIM develops a network gateway later introduced as RIMGate, a predecessor to its BlackBerry Enterprise Server.
1992 - Jim Balsillie joins RIM as co-CEO, mortgaging his house and investing $250,000.
1994 - RIM launches handheld point of sale card reader, which verified debit and credit transactions directly to a bank.
1995 - RIM builds its own radio modem for wireless email.
1997 - RIM lists on the Toronto Stock Exchange, raising more than $115 million.
January, 1999 - RIM launches rebranded BlackBerry email service across North America, offering the first wireless device to synch with corporate email systems. Sales jump 80 percent to $85 million. The next year revenue is $221 million. Continued...