RIM CEO Disappointed But Hopeful For BlackBerry

Thorsten Heins admitted during a shareholders meeting that the past year has been very difficult, but that it's new operating system will be a turnaround.

TORONTO (AP) — The CEO of embattled BlackBerry maker Research in Motion says he isn't satisfied with the company's performance, but he's excited about its prospects with the upcoming BlackBerry 10 system.

Thorsten Heins said during a shareholders meeting in Waterloo, Ontario, on Tuesday that the past year has been very difficult.

He says the company has spent the past several months reorganizing operations to help reverse its fortunes. It's also working hard to get devices running BlackBerry 10 out early next year, months behind schedule, to help it compete better with the iPhone and Android devices.

Research in Motion Ltd.'s stock has since been trading near a nine-year low. Two weeks ago, it announced disappointing quarterly earnings, plans to cut 30 percent of its workforce and the latest delay in BlackBerry 10.

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