blackberry RIM to sell corporate jet, thinks BlackBerry future not so bleak

Research In Motion (RIM) is to sell one of its corporate jets in order to raise much-needed funds, while the company has also suggested that the delay of BlackBerry 10 might not be such a bad thing after all.

Research In Motion (RIM) is to sell one of its corporate jets in order to raise much-needed funds, while the company has also suggested that the delay of BlackBerry 10 might not be such a bad thing after all.

 
The Canadian smartphone maker may get between $6 million and $7 million for one of its two corporate jets, which holds nine people. The firm will keep its 14-passanger jet, but it looks like upper management might be flying in less style in the future as RIM tries to save $1 billion in operating costs this year alone.
 
With heavy cuts being made and analysts fearing the worst for the company's success, RIM's new marketing chief, Frank Boulben, was remarkably upbeat about the recently announced delay of BlackBerry 10, which many saw as the potential saviour of the company.
 
blackberry RIM to sell corporate jet, thinks BlackBerry future not so bleak
 
“The short delay is not detrimental if the quality is there when we launch early next year,” Boulben told Reuters. “We will have much more attention and focus and ability to leverage our carriers.”
 
Of course, Boulben's job is to make the company look good, so it is not entirely surprising that he is putting a positive spin on things. The “short” delay is from late 2012 to early 2013, missing out on the lucrative Christmas period, and the company may not be able to wait that long if things continue to decline.
 
RIM's CEO, Thorsten Heins, denied that the company is in trouble, but many analysts believe that even with BlackBerry 10 the firm faces the real possibility of bankruptcy.
 
Source: Reuters 12