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U.S. Senate Stops Issuing BlackBerry Devices

2016-07-03 02:02:24| PC Magazine Cell Phones Product Guide

The writing is on the wall for a device that was once the popular device to use in the U.S. Government.

BlackBerry, Emtek enter strategic alliance

2016-06-28 09:57:00| Telecompaper Headlines

(Telecompaper) BlackBerry entered into a strategic alliance with PT Elang Mahkota Teknologi (Emtek), a media, content and technology business in Indonesia, that will provide cross-platform BlackBerry Messenger (BBM) end-users with access to enriched content and services. This partnership accelerates BlackBerry's vision to advance BBM for the consumer market through a licensing agreement with Emtek that enables the company to develop new BBM applications and services for Android, iOS and Windows Phones. To strengthen the alliance, Emtek's digital content arm KMK Online will establish an office in the Toronto area to work closely with BlackBerry. BlackBerry will also extend its open mobility ecosystem by making the BBM application programme interface (API) available to Emtek in order to accelerate the growth of partners and service providers.

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Blackberry loss widens to $670m

2016-06-23 15:48:28| BBC News | Business | UK Edition

Blackberry reports a $670m (450m) quarterly net loss, but the mobile phone company forecasts that its full-year results will beat expectations.

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Blackberry loss swells to USD 670 mln after writedowns

2016-06-23 15:07:00| Telecompaper Headlines

(Telecompaper) BlackBerry recorded a net loss of USD 670 million for its fiscal first quarter to May, reversing a profit of USD 68 million a year ago. The company took a number of writedowns in the quarter, including USD 501 million on assets, USD 57 million on goodwill and USD 41 million on inventory. Gross profit halved to USD 154 million, as revenue fell to USD 400 million from USD 658 million a year ago. BlackBerry said adjusted EBITDA remained positive for the tenth consecutive quarter and should remain so over the full year. Cash flow should also be positive over the full year, after a cash burn of USD 65 million in Q1, and the company said its more efficient operating model should mean an annual adjusted net loss half what the market currently expects, at around USD 0.15 per share.

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