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Research in Motion shares are down more than 6% of the company's long awaited shake up finally materialize founders.
And former co CEOs Jim Ball silly and might last -- -- -- Half step down turning over the reins to company insiders CEO course in Heinz shares of the once dominant Smartphone maker.
Have tumbled in the last year after Ceres and major setbacks including massive outages.
And they debut of its first tablet the playbook which fell flat with consumers.
And joining me now live from the company's headquarters in Waterloo Ontario is a new research and motion president.
And CEO -- -- -- course -- thank you for being with us on Fox Business today.
Thank my pleasure to be -- today.
-- right so I want to start off by giving you a chance step perhaps responder even clarify.
A comment that you made on the conference call earlier on today when you said.
That the company is not looking to make any structural or structural changes under your leadership your focus is on image making.
On that comment your stock and analysts didn't really react well to that do you stand behind your remarks.
They you're not focused on a turnaround but instead on a tweak at -- Well.
Let me state that in London and the other way -- -- Rim is very -- really strong company we -- growing worldwide.
We have added to any five million subscribers to our fifty million describe a bit of that -- and -- -- very services.
That -- study 5% growth one point five billion in cash by clients who know billion in revenue that you're profitable every quarter.
-- there's no need to shake this company's upside down and then change everything related change that we did.
Or to recognize that you know.
Foreign via mobile computing space who would need a different platform.
We decided to go that -- -- about -- -- -- -- and expo west that we acquired in the company that required.
To make sure that debt that they've differentiated in the game.
Very there's open source product that was demanded change that -- eighteen months ago the teams executed against the dead they're working on it.
And I'm very confident that our product portfolio based on these product.
-- Smartphones and tablet.
I would -- -- review the great future for a.
You say -- tourists and that there's no need to shake up anything at Rand but that you gave some very impressive statistics I agree with you here.
But your competitors also boasting more impressive statistics your stock is down 78%.
So how do you address that side and be issued that you know that analysts investors.
Wall Street are asking of you now that you are the new CEO.
The way to address that.
At first as I understand what their values our debt rim has ended I think a very strong base they did a net -- But our armed services there's been -- of our devices on top.
My -- undermined education is to make clear to the consumer -- to our enterprises that has developed high value.
-- -- great that new device that is far more computing and Smartphones.
And prove a long term value within -- Does unlocking value also mean possibly a partial say L a sale of the company last week there were rumors about.
A potential -- -- they ended up denying that is that something that you're even considering at this point.
Right now our focus there is -- thing that continue to sell back very seven.
Bring playbook to -- -- -- the market next month convinced are you debate.
About the fascinating experiences and services that don't say that to -- though and then later this year based on the new Blackberry and platform.
And deliver compelling devices and user experiences into the market and that is my focus.
For the next nine months nothing -- Collins at the moment.
-- you've been at the company for about four years in and forgive me you're not and -- -- -- street had really heard of before this point -- tell -- little bit about yourself why worry chosen internally and and why do you feel that you are right to lead this company so we get to know -- a little bit better.
Sure and sit through rather broadly -- to let you know I'm 27 years now and telecommunications.
And various positions.
I had led business units before -- in the debut in the complications based.
Most of my time but -- in wireless.
And the largest demand mullah networks divisive -- that.
What application I think I know a bit about this industry and -- no but the customer than -- carry has.
I think what.
I can really bring -- the neighborhood here as to how grim the scale of further growth.
And that that we've -- system that has been a lot of change.
In the structure is also in management teams.
That I've done in the past twelve months developed -- -- -- also product and sales and not see those changes he would and we thought.
And my my -- Simon -- the it -- others to make sure that the company moved to a lot of execution.
And start to deliver products on time at high quality with the right -- just that.
That is what I -- focused on and I would deliver.
The first time on this -- that great then and -- portfolio.
And they is that -- laid it -- to be released on time this year.
And -- it can be released later this year.
-- -- president CEO of the new CEO our Research in Motion thank you very much for coming on fox business and we look forward to hearing much more from you and -- not a good.
Ian thanks for having --
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