Feeds

RIM: Maybe we can't flog BlackBerrys, but would you like a jet?

Embattled execs may have to share just one plane

3 Big data security analytics techniques

Beleaguered mobile firm Research in Motion is really scraping the bottom of the barrel, and is looking to sell one of its two corporate jets to try to save some money.

The BlackBerry-maker has put its nine-passenger Dassault Falcon 50EX up for sale in an attempt to bag $6m to $7m, a person familiar with the matter told Bloomberg. But if the company sells the plane, it won't be completely stranded, as it will still have a Dassault F900EX, which carries 14 people.

RIM CEO Thorsten Heins has already said he's trying to save $1bn this fiscal year, which will be partially achieved by cutting 5,000 jobs and a few manufacturing sites. But he also announced that the firm's new operating system, BlackBerry 10, won't be coming out until next year.

BB10 is supposed to be the company's saviour, helping it to regain some decent share of a market filled with Apple fanbois and Android lovers. But it will be a year late if it arrives early next year and RIM's share price has already tumbled over 57 per cent this year.

Heins was forced to deny the company was in "a death spiral" on Canadian radio earlier this month but selling off one of its corporate jets is going to look pretty desperate. On the other hand, it might just be a symbolic gesture to show that management is suffering too at a time when the company is laying off a third of its workforce.

RIM said in a statement that it was "looking at options" with its planes.

"We’re looking at options with both our aircraft costs and finding ways to reduce our travel while still making sure we keep in close contact with our partners around the world," the firm said. “It’s all part of the effort to find ways to reduce costs and drive efficiencies that Thorsten Heins has talked about.” ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.