Everybody is beginning to wonder if Research In Motion Ltd (NASDAQ:BBRY) BlackBerry has what it takes to turn things around in the near future. This is a story we have been keeping an eye on for quite some time, such as in this piece here. While the company has a long way to go, many continue to argue if it is truly moving in the right direction.
A recent article published by WRAL Tech Wire takes a closer look at this: BlackBerry CEO Heins seeks patience with turnaround
The title pretty much says it all. Research In Motion Ltd (NASDAQ:BBRY) BlackBerry CEO Thorsten Heins is hoping that people will exercise some patience as the company looks to get back to its winning ways.
While there is nothing wrong with this request and it is expected to take time for BlackBerry to make up ground, the question remains: are things worse than what it appears right now?
Here is a brief excerpt from the article:
“Research In Motion CEO Thorsten Heins pleaded for patience Tuesday as the company faces questions about its growth and survival.
BlackBerry shares were hammered last month after the company’s financial results fell short of expectations. Heins told shareholders that BlackBerry is in the second stage of its turnaround. Stage three, he said, includes profitability.”
If you believe Heins, Research In Motion Ltd (NASDAQ:BBRY) BlackBerry is doing everything right. In fact, he feels that the company is on pace to meet its goals. Of course, time will tell the real story. When BlackBerry finally reaches stage three, all the guesswork is out of the way. This is when Heins will either prove that he was right or others will realize that he was blowing smoke.
At the company’s recent annual meeting, Heins had this to say:
“We are still in the midst of a major, complex transition of this company, and like most of these transformations … progress can be volatile.”
It goes without saying that Research In Motion Ltd (NASDAQ:BBRY) BlackBerry is facing an uphill climb. There are so many obstacles in the way that one has to wonder if the company will ever be able to challenge for the top spot in the smartphone market again.
For now, all we can do is believe Thorsten Heins and continue to be patient. Just how long investors remain patient is another story entirely.