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RIM’s Loss is Waterloo Tech Sector Talent Pool’s Gain


Research In Motion Ltd.’s campaign to convince investors and consumers that a turnaround at the struggling BlackBerry maker is still possible will no doubt continue at its annual shareholder meeting in hometown Waterloo, Ont., on Tuesday.

The meeting follows a week that saw chief executive Thorsten Heins and other executives embark upon a media offensive to plug the company’s health and prospects.

Mr. Heins asserted RIM is far from being “in a death spiral” and is actually in good shape, with a healthy cash balance, no debt and a product launch set for next year. But he and his team have a lot to explain to investors after reporting a near US$200-million operating loss and another delay to the crucial launch of new smartphones running the new BlackBerry 10 operating system.

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