The heads of Research in Motion are doing damage control after lacklustre financial results and word of a delay in the next generation of Blackberrys.

Mike Lazaridis and Jim Balsillie held a conference call with analysts yesterday where they pleaded for investors to be patient.

The plea comes after RIM posted a quarterly profit of 256-million dollars U-S, down from 911-million from the same period last year.

The co-CEO's say the delay in the Ontario-based company's new smartphone is being caused by the chipset that will power the new BlackBerry 10.

The mediocre financial results are the latest in a string of setbacks that have plagued the company this year.

A massive worldwide outage to blackberry service in October cost RIM millions of dollars.

The company has also been forced to cut two-thousand jobs and saw its tablet hit the market with a thud.