Following a 30-day period in which the company lost $2 billion in value, Research In Motion executives faced shareholders Tuesday at the company’s annual meeting. On the positive side, CEO Thorsten Heins reportedly told shareholders the company remains strong in some market segments. However, he admitted it’s weak in the North American market and said he isn’t satisfied with its performance over the past year. RIM will support fewer BlackBerry models, thus cutting R&D costs, Heins said.
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BB10 Pep Rally Fails to Lift RIM Investors' Spirits
Posted by: Richard Adhikari July 10, 2012 12:12 PMFollowing a 30-day period in which the company lost $2 billion in value, Research In Motion executives faced shareholders Tuesday at the company’s annual meeting. On the positive side, CEO Thorsten Heins reportedly told shareholders the company remains strong in some market segments. However, he admitted it’s weak in the North American market and said he isn’t satisfied with its performance over the past year. RIM will support fewer BlackBerry models, thus cutting R&D costs, Heins said.