BlackBerry needed to focus to compete: RIM CEO
Thorsten Heins, president and CEO of Research In Motion, the company that makes BlackBerry, delivers the keynote speech during the BlackBerry World conference, Tuesday, May 1, 2012, in Orlando Fla. (AP / Reinhold Matay)
Published Wednesday, May 2, 2012 1:10PM EDT
ORLANDO, Fla. - The chief executive of Research In Motion (TSX:RIM) says it's clear that the BlackBerry maker needed to focus its operations and cut some fat.
Thorsten Heins told reporters at the BlackBerry World conference in Orlando, Florida, that he has launched a major examination of RIM's organization.
Heins provided developers with their first look at the new BlackBerry 10 operating system on Monday at the annual company event.
BlackBerry 10 is seen as an important part of RIM's attempt to compete against the likes of Apple's iPhone and devices using Google's Android operating system.
RIM stock was down 72 cents a share to $12.59 by early afternoon
The stock is down about 11 per cent since the conference began.