Research In Motion : CEO Says RIM Not in a 'Death Spiral'
07/03/2012| 10:25am US/Eastern
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Thorsten Heins, chief executive at Research in Motion Ltd. (RIMM), on Tuesday said the company is not in a "death spiral," but rather in the midst of a transition from which it will emerge successfully.
Mr. Heins, in an interview with CBC Radio, acknowledged that the BlackBerry maker is "very, very challenged at the moment -- specifically in the U.S. market," but that sales in other parts of the world remain strong. The transition to the BlackBerry 10 product, he said, will be a completely different way for the company to address mobile computing, he said in the interview, according to a report by the Canadian Press.
"There's nothing wrong with the company as it exists right now," Mr. Heins said. "I'm not talking about the company as I, kind of, took it over six months ago. I'm talking about the company (in the) state it's in right now."
Mr. Heins said Research in Motion "is not ignoring the world out there, nor is it in a death spiral." He described the company's challenge in the U.S. as the "middle of a transition.
"All that is in the making, it's in the works. This company is in the middle of it and I'm positive we will emerge successfully from that transition," he said.
Full story at: http://www.cbc.ca/news/canada/toronto/story/2012/07/03/toronto-rim-heins.html
Write to nymonitoring@dowjones.com
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