They have over a billion in the bank and are still profitable. People LOVE stories about RIM going down the drain for whatever reason, so these stats are conveniently not mentioned. I am not saying there are no problems, but really this is one bandwagon that needs to sloooooow doooown.
They had another massive decline in quarterly revenue YoY (-42.7% from Q1 2012 which was itself -30% from Q1 2011) and then they announced a delay on the BB10 phones until 2013, I'd say that bandwagon is right on this one.
I'm sure they do, but given that there won't be any BB10 phones released until 2013 and then the developer won't see any top off payment for another year after that, I guess the question should be "will RIMM still have $100M in the bank on July 2014?"