RIM CEO denies BlackBerry is in trouble

Thorsten Heins, President and CEO of Research In Motion (RIM), has denied that the BlackBerry is facing the strong likelihood of failure, as many analysts predict.

Thorsten Heins, President and CEO of Research In Motion (RIM), has denied that the BlackBerry is facing the strong likelihood of failure, as many analysts predict.

 
Heins, who took over the top job in January of this year, is facing increasing pressure from investors and supporters of the BlackBerry platform after recent announcements that BlackBerry 10, the expected saving grace for the company, would be delayed until next year. Despite many questions about the company's future, Heins remains adamant that there is “nothing wrong.”
 
“There's nothing wrong with the company as it exists right now,” he told a Canadian radio show, according to Reuters. “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.”
 
 RIM CEO denies BlackBerry is in trouble
 
The problem with this kind of denial is that it appears to be mostly within the company, as a slew of analysts recently suggested that, even with BlackBerry 10, RIM faces the distinct possibility of bankruptcy, with its shares and profits plummeting in recent months.
 
In response to these predictions, Heins said that RIM is not “in a death spiral” and that it is not ignoring the world out there.
 
“We do not believe RIM is a company at the end,” he said. “RIM is a company at the beginning of a transition that we expect will once again change the way people communicate.”
 
However, it looks like he will have a hard time convincing people that the end is not in sight for the BlackBerry.
 
Source: Reuters