In a statement that was released today, the company confirmed that the special committee will enquire about possible joint ventures, strategic partnerships or even the sale of the company, but stressed that “there can be no assurance that this process will result in any transaction”.
Trading in BlackBerry shares was temporarily suspended but resumed trading at 8.30 a.m ET. Prem Watsa, chairman and CEO of Fairfax Financial – the largest BlackBerry shareholder – has said that he will resign because of potential conflicts that could arrive during this process.
This news follows a report from Reuters which revealed that BlackBerry was [...]
Announcing the results today, the company revealed that revenues increased from $2.8 billion a year ago to $3.1 billion but reported a GAAP (Generally accepted accounting principles) loss of $84 million.
This will come as a blow to the company, which renamed from Research in Motion at the start of the year.
The firm has made significant job cuts over the last year and had looked to have turned a corner when it reported a profit of $94 million just last quarter.
BlackBerry says that it shipped 6.8 million BlackBerry smartphones in Q1, which was up 13% on a quarter-on-quarter basis, and revealed that it also shipped 100,000 PlayBook tablets.
However, in a [...]
Drawing on recent research by IDC and Intermedia, Intuit’s infographic (see below) shows the biggest compound annual growth for tablets coming from the smallest companies. These “micro” firms, with fewer than 10 employees, will see 98% growth in tablet adoption from 2011 to 2016.
Tablet growth projections across the other three business segments are plenty strong as well:
Enterprise (1,000+ employees) is set for 62.7% growth; Mid-size companies (100-999) 50.8% growth; and Small companies (10-99) will see 78.5% tablet growth.
For 2013, IDC predicts U.S. small business adoption of tablet will grow 114% from 4.9 million to 10.4 million [...]
The Canadian handset maker confirmed in a press release that it will advertise the operating system during the Super Bowl, and went onto refer to BlackBerry 10 as a “new mobile computing platform that will power the next generation of smartphones and tablets”.
The company didn’t expand on that point with any specific details, although previous reports have suggested that a larger BlackBerry tablet could be launched in the autumn of 2013. The tablet, apparently codenamed ‘Blackforest’, is thought to be 10-inch in size and come with 128GB of storage.
RIM will announce BB10 as well as the BlackBerry Z10 phone at the press conference [...]