RIM's cash position This author was fair in his artcle
https://seekingalpha.com/article/881141-what-to-look-for-in-rim-s-upcoming-earnings-announcement?source=email_rt_article_readmore&ifp=0
Excerpt
"If the cash balance drop materially, so to should our conservative valuation of the stock. If the company has preserved cash (or even surprisingly managed to add it) by improving its cost structure, the share valuation should increase. By knowing your buying points, you can take a chance on this company without assuming a commensurate amount of risk. "
What RIM said in Q1 2013 report.
Excerpt
"Cash, cash equivalents, and investments were $2.2 billion as at June 2, 2012 and the Company currently expects to maintain its current cash position through to the end of the second quarter of fiscal 2013. The Company also expects to incur restructuring related charges and cash funding requirements associated with the CORE program of approximately $350 million by the end of fiscal 2013. Management is focused on maintaining appropriate cash balances, efficiently managing working capital balances and the significant reduction in capital investments through the CORE program and continues to evaluate the liquidity needs for the business as it evolves. . Based on its current financial projections, the Company believes its financial resources, together with expected future operating cash generating activities and available borrowings under the Facility or any extension or replacement of the Facility, or access to other financing arrangements,should be sufficient to meet funding requirements for current financial commitments, for future operating expenditures not yet committed and also provide the necessary financial capacity through the anticipated launch of the BlackBerry 10 smartphones in the first quarter of calendar 2013."