BlackBerry (Company)

BlackBerry Finds a Buyer, Layoffs Likely to Continue

Posted In Looking in Tech
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Troubled smartphone maker BlackBerry has agreed to be bought out by a consortium to be led by hedge fund Fairfax Financial Holdings Limited. But this pending acquisition is unlikely to reverse BlackBerry’s plans to cut 40 percent of its workforce. Fairfax, BlackBerry’s largest shareholder with a 10 percent stake in the company, will buy the company and take it private for $9 a share – making the deal worth approximately $4.7 billion. Just Friday, BlackBerry announced it would cut 4,500… continue…

BlackBerry to Cut 40 Percent of Workforce, Revenues to Plummet

Posted In Looking in Tech
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BlackBerry dealt a blow to its employees and investors Friday, announcing it will slash 40 percent of its workforce as its revenue is anticipated to fall to roughly half of where it was a year ago. The announcement came after days of speculation that the smartphone maker would announce such news. The struggling smartphone maker said it will cut 4,500 employees, as it seeks to reduce its operating costs by approximately 50 percent between now and the end of its… continue…

Is BlackBerry Planning More Layoffs?

Posted In Looking in Tech
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BlackBerry investors weren’t the only ones disappointed Friday when the company announced weaker than expected fiscal first quarter results. During the period that ended June 1, the mobile-device maker posted a loss — $84 million on revenues of $3.1 billion. Meanwhile, employees can’t be happy about the company’s plans to “continue to implement the cost savings” it started last year. In 2012, BlackBerry announced plans to cut approximately 5,000 workers from its payroll by the end of its fiscal year… continue…

BlackBerry’s Rise or Fall Depends on BB10 Apps

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In unveiling its long-awaited BlackBerry 10 operating system and slick-looking Z10 and Q10 smartphones, the renamed Research in Motion has offered up a critical key to winning over developers and, it hopes, building up its lackluster app ecosystem. Can the company — now named BlackBerry — pull it off? Developers say maybe, depending on how their community reacts to BB10′s Android porting and repackaging approach. Port Me Over, Scotty “BlackBerry is working to make an inclusive platform, one where you… continue…

RIM Unveils BlackBerry 10, Its Big Turnaround Hope

Posted In Cloud
Research In Motion hopes that BlackBerry 10 will help it reclaim ground in the smartphone wars. continue…

Lenovo Considering Research In Motion Bid

Posted In Cloud
Lenovo is apparently considering a play for Research In Motion and its BlackBerry-branded portfolio. continue…

RIM CEO Heins Talks Possible Hardware Sell-Off, BlackBerry 10

Posted In Cloud
Research In Motion CEO Thorsten Heins indicated that multiple strategic options remain on the table for his embattled company. continue…

For RIM, Moment of Truth Is Almost at Hand

Posted In Cloud
Revenues and subscribers are down, and cash reserves up, as RIM clears the decks for next month’s BlackBerry 10 launch. continue…

Technology to Watch for in 2013

Posted In Living in Tech
Enterprise Cloud Computing
What’s coming to technology next year? Despite what consultants tell, predicting the future is all about educated guessing as opposed to science. Still, guessing can be fun. So let’s see… Apple Just before the end of this year, Tim Cook decided to speak — a lot. As the new CEO, it was probably a very tough year for him. In an interview with Business Week, he said that “Apple has changed every day since I have been here” and that… continue…

RIM Offers Glimpse of BlackBerry 10 Hardware

Posted In Cloud
Research In Motion pulled back the curtain a bit from its final design for BlackBerry 10. continue…