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 [...]
Heins has in the past spoke candidly about how profitability would be key if BlackBerry chose to re-enter the tablet market with a second PlayBook, but surprisingly appeared to dismiss the market at the Milken Institute conference in Los Angeles today.
“In five years, I don’t think there’ll be a reason to have a tablet anymore,” Heins told Bloomberg. “Maybe a big screen in your workspace, but not a tablet as such. Tablets themselves are not a good business model.”
[For some context, leading market research firm IDC has a different take on future tablet shipments. The company recently forecast that tablet shipments will grow to 352.3 [...]
It emerged yesterday that Pentagon may have ordered as many as 650,000 iPhones, iPads and iPods, with reports at the time suggesting that this deployment could spell the end for BlackBerry devices at the U.S. Department of Defense.
That, however, is simply not the case according to an official statement from the government agency.
"The department is aware of recent reporting that asserts it is 'dropping' BlackBerry. This reporting is in error,” said Lt. Col. Damien Pickart.
“The department recently released its mobility strategy and supporting implementation plan, which clarifies we are moving towards a mobile management capability [...]
But the struggling device maker has been mum on just who the customer is.
There has been some speculation the deal might be with a carrier, but AllThingsD knocked that idea down as unlikely given the low odds any of the conservative carriers would make such a commitment to what is essentially an unproven product, the new BlackBerry Z10 smartphone.
Maybe not, but without knowing the terms of the deal, it’s hard to say. It doesn’t seem impossible that a big carrier like AT&T or Verizon, given enough of a discount and promotional considerations, would consider such a deal.
But Wedge Partners analyst Brian Blair told the site it agrees its unlikely [...]
The BlackBerry Secure Work Space solution represents an add-on to BlackBerry Balance and will be available to all devices managed through BlackBerry’s Enterprise Service 10 solution, the Canadian company’s multi-platform enterprise mobility management (EMM) solution.
Secure Work Space includes client applications for email, calendar, contacts, tasks, memos, secure browsing and document editing, thereby enabling users to have separate sections for their personal and work data on their iOS and Android devices.
"With BlackBerry Balance technology, we offer the industry's only true compromise-free separation of work and personal data and [...]
Speaking at the unveiling of BB10 in New York, CEO Thorsten Heins said that the firm is “working on” pushing out the software for the PlayBook but stressed that the company will only make tablets again if the terms are right.
“The way I look at the tablet business is this: providing profit to shareholders on hardware only is difficult. We will continue in the tablet space, but we want to provide a value proposition that isn't just the hardware," said Heins.
The CEO then gave more than a hint that the company, which has been renamed from Research in Motion, has struggled with poor PlayBook sales. “We want a tablet to be able to make [...]