RIM survives another day ... losing market share and falling profits are insignificant (for now) to its huge "cash reserves" of $2.3 billion USD. All hopes are pinned on BB10.

"Research In Motion has posted a smaller-than-expected quarterly loss, sending its shares up nearly 18% in after-hours trading. The maker of the Blackberry also boosted its cash pile, as it nears the launch of its next-generation devices.

RIM reported a net loss of $235m (£145m) for the second quarter, ending 1 September, compared with a profit of $329m for the period last year. Excluding one-time restructuring items, the loss was $142m. RIM increased its cash to about $2.3bn from $2.2bn.

Being able to dip into a cash reserve could be key to a successful launch of RIM's line of revamped smartphones that will run on its new Blackberry 10, or BB10, operating system. The struggling company has staked its future on BB10."

Source: BBC

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