Crisis, what crisis? Thorsten Heins, chief executive of BlackBerry maker RIM, told a Canadian radio interviewer that he doesn't believe the company is in a "death spiral" and that "there's nothing wrong with the company as it exists right now". Heins was speaking less than a week after RIM unveiled quarterly results with an operating loss of $643m (£409m) and handset shipments which dipped to their lowest level since spring 2009, amid a smartphone market growing at 50% annually. Heins insisted to CBC Radio that "this company is not ignoring the world out there, nor is it in a death spiral. Yes, it is very, very challenged at the moment – specifically in the US market. The way I would describe it: we're in the middle of a transition". But, he added: "All that is in the making, it is in the works. This company is in the middle of it and I'm positive we will emerge successfully from that transition." Heins insisted that the BlackBerry 10 software platform, which has been delayed by almost a year so that it is not now expected until early 2013, would be a completely different way for RIM to address mobile computing. Analysts are less encouraging about RIM's future, suggesting that it could burn through its cash – about $1.4bn in cash and "short-term equivalents" and $800m in longer-term investments – if it does not find a rapid way to profitability. Source: The Guardian
