Blackberry maker Research in Motion is not in a "death spiral", said company CEO Thorsten Heins, according to a report.
“There’s nothing wrong with the company as it exists right now,” Heins said during a CBC Radio interview Tuesday.
The business and management changes RIM has made since Heins took over as CEO in January are not signs of the company dying, but rather signs of a company in transition, Heins said.
“This company is not ignoring the world out there, nor is it in a death spiral,” Mr. Heins said. “Yes, it is very, very challenged at the moment, specifically in the U.S. market. The way I would describe it, we’re in the middle of a transition.”
RIM reported a quarterly net loss of $192 million and also announced it would shed 5,000 jobs. In addition, RIM's latest smartphone, the Blackberry 10, will suffer a delayed launch, the company said. The new mobile device will now launch in 2013. It was originally planned to debut later this year.
Microsoft previewed early elements of the next generation of its iconic computer operating system. USAToday reports.
The four hackers charged by the Justice department allegedly stole Xbox technology and helicopter training software.
Threshold Entertainment has announced plans to develop a feature film based on Tetris, the shape matching arcade game.
EBay's about-face to split its PayPal and marketplace businesses likely makes each of them acquistion targets, analysts tell CNBC.
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