All Posts Tagged Tag: ‘Blackberry’

BlackBerry Looking to Sell Ontario Properties

It’s quite clear now that BlackBerry will not exist in its current form this time next year. Last month, the failing company announced its intention to enter into a buyout agreement with an investor consortium led by FairFax Financial Holdings. This was just prior to its latest quarterly report, in which the company revealed a massive $965 million quarterly loss. …

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Sprint Will Still Sell BlackBerry Phones In-Store

Sprint will continue to sell BlackBerry phones out of its retail locations, according to a report from Reuters. Sprint CFO Joe Euteneur told the publication that the company is taking a “wait-and-see” approach to BlackBerry’s current smartphone lineup. The declaration is significant because last week fourth place U.S. mobile provider T-Mobile revealed that it will no longer ship BlackBerry smartphones …

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Blackberry Losses Equate to $965 Million Deficit

The past few years have been a gradual decline for Canadian wireless company, Blackberry Limited. However, the past couple weeks have accelerated the rate of the company’s demise. Due to relentless pressure from prominent competitors, Apple and Samsung, along with plummeting sales, the smart-phone pioneer initially reported a massive inventory of approximately $1.2 billion in unsold phones. However, today’s announcement …

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BlackBerry Posts $965 Million Quarterly Loss

BlackBerry today announced its second quarter financial results, and they are exactly as bad as financial analysts expected. The company posted a $965 million loss, including $72 million in restructuring costs. The losses came on revenue of just $1.57 billion – down nearly 49%% from just the previous quarter. In addition to its losses, BlackBerry has started to whittle down …

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T-Mobile to Stop Carrying BlackBerry Smartphones in Stores

With BlackBerry now on the verge of being sold, fourth-place U.S. mobile carrier T-Mobile is now set to stop shipping BlackBerry smartphones to its retail stores. A new Reuters report cites T-Mobile EVP for Corporate Services David Carey as saying the provider will instead ship BlackBerry smartphones directly to consumers. The devices will still remain on display at T-Mobile stores …

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BlackBerry Patent Portfolio Could Draw Interest

Back in August, following another dismal quarterly report, BlackBerry announced that it was exploring “strategic alternatives” – including the possible sale of the company. Earlier this week that possibility became a reality, with a consortium led by FairFax Financial offering $4.7 billion for the Canadian company. The buyout seemed to have been announced early, with FairFax still having six weeks …

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Prem Watsa: Who is the Guy Behind Fairfax?

Just over a year ago, Prem Watsa, who some say is Canada’s Warren Buffett, said BlackBerry was a “Canadian success story,” a good buy and a likely turnaround story even though its market share was tumbling. As soon as Prem Watsa stepped down from BlackBerry’s board in August, speculation that he would launch a bid for the troubled smartphone maker …

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BlackBerry Sold? Who’s Buying? Will They Go Private?

In mid August, BlackBerry, the Canadian smartphone company, announced that it was up for sale. The past few years have been difficult for the mobile communications company as they have failed to keep up with the competition from companies like Apple and Samsung. According to The Guardian, a consortium of investors lead by Fairfax Financial have agreed to acquire BlackBerry for …

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BlackBerry Buyout Announced For $4.7 Billion

Last month, following yet another disappointing quarterly report, BlackBerry announced that it had formed a committee to consider “strategic alternatives.” Among these alternatives was the option of selling the entire company. BlackBerry today announced that this possibility has become a reality. BlackBerry today announced that it has been bought for $4.7 billion by an investment consortium. The consortium is led …

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BlackBerry Suffers $1 Billion Lost, Cuts 40% of Staff

Just five years ago, BlackBerry Limited was at the top of the smart-phone totem pole as a major competitor for the Apple Corporation. BlackBerry dominated consumer and corporate markets, alike. The famous smart-phone affectionately known as the, “CrackBerry,” was a viable component in the political sector as well. President Obama was notorious for always having his BlackBerry within reach. However, …

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More Huge Layoffs Coming to BlackBerry

Throughout 2012, BlackBerry (RIM at the time) laid off thousands of workers in an attempt to shore up quarterly numbers. The company was still months away from the reveal of its BlackBerry 10 smartphones, and analysts had begun writing the company off. BlackBerry made it to January and unveiled its smartphones, which the company believed would revitalize its sales and …

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Blackberry Z30: 5 must know details and future predictions

Blackberry Ltd, formerly Research In Motion (RIM), launched its flagship phone Blackberry Z30 on Wednesday, in a desperate do or die bid to survive the Darwinian competition from East Asia. It is no secret how ruthless the smartphone world has become. In this globalized marketplace, customers are extremely picky. They want the best design, best hardware, best software, best Apps …

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