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 millionand 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.
If anybody can make wearable technology cool, it's Apple. A host of unlikely cheerleaders is hoping the watch hits it big.
Nvidia announced the Nvidia Shield, an Android based set-top box, the latest in a series of consumer product launches from the company.
Blackberry has unveiled an "affordable" smartphone and plans for three other devices, including a curved-screen slider phone.
Just how "smart" are smartphones going to get? Here are the technologies that excite this VC and ex-Google exec.
Get the best of CNBC in your inbox
In the era of uber-connectiveness, here are three key things to keep in mind, says AT&T's mobile chief.
Bill Gurley, general partner at Benchmark, said Friday what he believes is the biggest problem presented by start-ups.
Morgan Stanley's Raj Dhanda tells CNBC's the IPO market is booming, but it's not for the inexperienced investor.