Wednesday, July 04, 2012

RIM CEO: We're Not in 'a Death Spiral'

Research In Motion CEO challenges perception that RIM is in 'a death spiral':

Research In Motion chief executive Thorsten Heins says "there's nothing wrong with the company as it exists right now" and he's confident it will get past its current challenges.

Those hurdles include layoffs of about 5,000 people, faltering sales of its BlackBerry smartphones, a delay in bringing out the new BlackBerry 10 technology and a tanking stock price


Heins acknowledged RIM faces a challenge to regain market share in the United States, but said the company isn't in a "death spiral."

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