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See the best of Reuters photography. See more | Photo caption Raging wildfires Raging fires strike Colorado and Utah. Slideshow Gay Pride parades Revelers celebrate Gay Pride month with parades all around the world. Slideshow RIM CEO says "nothing wrong" with company Tweet Share this Email Print Related News Canada won't predict reaction to any RIM takeover bid Fri, Jun 29 2012 RIM prospects dire after launch delay: analysts Fri, Jun 29 2012 RIM delays new BlackBerry launch; sales crumble Fri, Jun 29 2012 Exclusive: Microsoft tie-up, network sale among RIM options: sources Thu, Jun 28 2012 RIM delays new BlackBerry launch as problems deepen Thu, Jun 28 2012 Related Topics Tech » Media » Research in Motion Chief Executive Officer Thorsten Heins holds up a prototype of the BlackBerry 10 smartphone at the BlackBerry World event in Orlando May 1, 2012 . Credit: Reuters/David Manning TORONTO | Tue Jul 3, 2012 10:07am EDT TORONTO (Reuters) - Research In Motion Ltd Chief Executive Thorsten Heins said on Tuesday there is nothing wrong with the company as it exists now, denying the maker of BlackBerry smartphones is in a "death spiral" In a radio interview with Canadian Broadcasting Corp, Heins said Waterloo, Ontario-based RIM is facing very big challenges but would emerge successfully from the transition it is going through. "There's nothing wrong with the company as it exists right now," Heins said on CBC's Metro Morning, a local radio program in Toronto. "I'm not talking about the company as I, kind of, took it over six months ago. I'm talking about the company (in the) state it's in right now." Heins denied RIM's future is in doubt because it has delayed the launch of its next-generation BlackBerry 10 phones, a make-or-break product for the company, until next year. The delay has been seen as a devastating setback for the once-dominant smartphone company whose sales have been crumbling. "This company is not ignoring the world out there, nor is it in a death spiral," Heins told the CBC. "Yes, it is very, very challenged at the moment — specifically in the U.S. market. The way I would describe it: we're in the middle of a transition," he said. "All that is in the making, it's in the works. This company is in the middle of it and I'm positive we will emerge successfully from that transition." RIM announced a steeper-than-expected quarterly operating loss and deep job cuts last week, saying its revamped BlackBerry 10 devices would be released early in 2013 instead of late this year and had "proven to be more time-consuming than anticipated". The delay in releasing the devices - RIM's best hope of stemming its eclipse at the hands of Apple Inc's iPhone and phones using Google Inc's Android software - confirmed the worst fears of analysts and investors. The size of the loss, RIM's first in eight years, and the likelihood that sales will keep sliding into 2013, may severely reduce the company's options. RIM's announcement that it would slash 5,000 jobs, or 30 percent of its workforce, reinforced a widely held impression that the company could be in terminal decline. (Reporting By Andrea Hopkins; Editing by Peter Galloway) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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