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Report: Former BlackBerry CEO Mike Lazaridis Might Bid For Company
2013-09-22 02:34:51| PC Magazine Cell Phones Product Guide
Talks betewen Lazaridis and private equity firms are allegedly in preliminary stages — which is a big "maybe, maybe not" as far as the bidding process goes.
BlackBerry cuts 4,500 jobs and streamlines portfolio
2013-09-21 23:20:00| Telecompaper Headlines
(Telecompaper) Blackberry said it will cut approximately 4,500 jobs and streamline its smartphone portfolio from six to four devices. It will focus on enterprise and prosumer-centric devices, with two high-end and two entry-level handset in all-touch and QWERTY models. With the launch of the BlackBerry Z30 this week, the company will re-tier the BlackBerry Z10 smartphone to make it available to a broader, entry-level audience. The special committee of the board of directors continues to evaluate all strategic alternatives for the company. Blackberry aims to cut operating expenditure by some 50 percent by the end of the first quarter of its 2015 financial year. In the second quarter of its 2014 financial year, it predicts a GAAP net operating loss of approximately USD 950-USD 995 million, including a pre-tax restructuring charge of USD 72 million.
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Mid-Afternoon Market Update: BlackBerry Releases Awful Guidance, Proves Bears Right
2013-09-21 14:36:37| Steel - Topix.net
Toward the end of trading Friday, the Dow traded down 0.77 percent to 15,516.25 while the NASDAQ declined 0.22 percent to 3,781.93.
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VIDEO: Blackberry to axe thousands of jobs
2013-09-21 05:01:08| BBC News | Business | UK Edition
Blackberry has announced it is planning to cut 4,500 jobs, or 40% of its worldwide workforce, in an attempt to staunch huge losses.
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BlackBerry to lay off 4,500 workers, 40% of global workforce
2013-09-21 04:33:35| Semiconductors - Topix.net
BlackBerry Ltd . said Friday that it would lay off 4,500 employees, or about 40 precent of its global workforce, as it tries to keep up with Apple and Samsung Electronics Co.
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