Balsillie: RIM In Early Stage of Growth


BalsillieCo-CEO Jim Balsillie believes that RIM is in early stage of growth.

“We are at such an early stage and that is the true paradox of this, that it’s been such an acceleration, we feel like it’s been such a success, and yet we’re at the very very beginning.”

Balsillie continued to say that they are on track to reach 3 million subscribers with help from subscriber growth outside of North America especially in Europe. RIM chief financial officer Dennis Kavelman said because the company is in expansion mode, it has no major plans for the $1.7 billion of cash, cash equivalents, short-term and long-term investments on its balance sheet.

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