Posted January 22, 2013 by Alexander Cooke in Technology

Research In Motion (NASDAQ:RIMM) has high hopes From BB10

Northern, WI 1/22/2013 (avauncer) -A German newspaper interview has quoted the CEO of Research in Motion (TSE:RIM) as saying that the latest Blackberry 10 device will be playing a significant role in the communications market.

The Smartphone industry can be considered relatively young and there is still a lot of potential for growth and development in this market.

Only time will tell how many more operating systems the technology market can tolerate. Research In Motion (TSE:RIM) CEO Thorsten Heins is optimistic when he expresses how the new Blackberry 10 will redefine the market instead of just being another new entrant.

Research In Motion (TSE:RIM) states that it is sitting on a huge pile of liquid funds and they are not facing any undue pressure on that front. Hence, they are not going to back out from investigating more strategic possibilities.

Heins also states that there are many other opportunities existing which comprise hardware manufacture and sales as well as developing licensed software. But he is cautious and unwilling to take any hasty steps in that direction. He believes in playing the waiting game till the Blackberry 10 hits the markets and makes a successful impact.

Heins also told the German newspaper that even though Research In Motion (TSE:RIM) had taken a beating in the market which it once ruled, the company was totally debt-free and sitting on cash reserves of $2.9 billion.

Shares of Research In Motion (USA) (NASDAQ:RIMM) were up 6.24% to $15.84.

Alexander Cooke

Alexander Cooke has over 8 years experience in Automobile, marketing, PR, advertising, sales, promotions and special events planning. His writing for print includes work for a Gannett paper and a personal experience piece for Newsweek. Since 2008 he has concentrated on automotive articles for the on-line market and produced numerous pieces for the High Gear Media site Allcaradvice.com. That work was moved to the media company’s flagship site Thecarconnection.com where it can be viewed.