RIM CEO: ‘Nothing Wrong’ With Company

Posted on Jul 3 2012 - 2:44pm by Editorial Staff

Although Research In Motion hits too high last week with the time it declared the earnings result, Reuters is reporting that the company’s CEO Thorsten Heins states that the company is going completely well and there is nothing wrong with the company as it exists now. Heins in a radio interview with Canadian Broadcasting Corp says that RIM do facing huge challenges but would again on the correct path soon.

The company had announced its first quarter of fiscal 2013 results with $2.8 billion in revenue, which was down 33% from $4.2 billion in the previous quarter and down 43% from $4.9 billion in the same quarter of fiscal 2012. Soon after the results, the company saw a down in stock prices by 13.25%.

Although Research In Motion hits too high last week with the time it declared the earnings result, Reuters is reporting that the company’s CEO Thorsten Heins states that the company is going completely well and there is nothing wrong with the company as it exists now. Heins in a radio interview with Canadian Broadcasting Corp says that RIM do facing huge challenges but would again on the correct path soon.

The company had announced its first quarter of fiscal 2013 results with $2.8 billion in revenue, which was down 33% from $4.2 billion in the previous quarter and down 43% from $4.9 billion in the same quarter of fiscal 2012. Soon after the results, the company saw a down in stock prices by 13.25%.

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