High And Low: What RIM's Failure Is Doing To The People Of Waterloo

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Redmond. Cupertino. Mountain View. In the tech world, these cities are indelibly stamped with their respective company names: Microsoft, Apple, Google. The places have become synonymous with their firms: we await the “news from Redmond” when Microsoft debuts a new operating system, or whisper about Cupertino’s penchant for secrecy.

Though less well-known, Waterloo, Ontario, is another city stamped by the accomplishments of a tech giant. Research in Motion began there in 1984, and with its era-defining success came an influx of talent and a growing community. But RIM has stumbled, and lately the signs have been especially grim: the all-or-nothing BB10 has been delayed until early 2013, and the company lost a half-billion dollars last quarter.

Read the whole story at The Verge