RIMM Co-CEOs Cut Pay To $1 Each A Year; No BB 10 Phones 'Till Late 2012

Research in Motion Co-CEO Jim Balsillie this afternoon told investors on a post-earnings report conference call that he and co-chief Mike Lazaridis will reduce their cash compensation to $1 a year as part of its program to fix what ails the company.
He says management is open to reviewing what's best for the company and the shareholders.
On the other hand, I would note that what the Street might have preferred is to have the dynamic duo step down in favor of fresh management.
Balsillie said the company plans to ramp up advertising and promotional activity in the U.S. and some other key markets.
The company this afternoon reported FY Q3 results in line with its previous warning, but also
provided disappointing guidance for the fiscal fourth quarter.
Update: Lazaridis said the company now expects BlackBerry 10-based handsets to ship in the "latter part" of FY 2012. He said that the chips the company has selected for the phone will not be available until the middle of next year. The Street has been expecting the company to ship sooner.