There’s plenty of stuff in this world the Informer doesn’t understand and how companies that make no money can rake it in from a stock market floatation is one of them. The Twitter founders buzzed the bell at the New York Stock Exchange on Thursday and released 70 million shares to the frenzied masses. Despite opening at $26, the market closed at almost $45, with the company reflecting a market value of more than $31bn. The company’s valuation ahead of the IPO was closer to $17bn.
Canadian handset maker Blackberry has announced that its messaging platform, BBM, will be installed natively on a variety of Android smartphones in emerging markets including Africa, India, Indonesia, Latin America and the Middle East.
In the wake of Blackberry CEO Thorsten Heins’ departure following a $1bn investment in the company by Fairfax Financial Holdings, the Canadian handset manufacturer announced the departure of three more key management figures.
Device vendor Blackberry has announced that Canadian investment firm Fairfax Financial Holdings will, in partnership with other institutional investors, make a US$1bn investment in the firm. CEO Thorsten Heins will leave the firm as part of the deal.
Late Monday, in the wake of a significant warning on financial losses and job cuts, Canadian vendor BlackBerry announced its intention to be acquired by a consortium led by holdings company Fairfax Financial for $4.7bn.
Canadian device maker Blackberry has announced it expects to make a loss of approximately between $950m and $995m for its second fiscal quarter. In addition, the firm has announced restructuring plans that will see a reduction in staff of approximately 4,500 approximately 40% of the Company’s global workforce.
With the flat touchscreen form factor dominating smartphone form factor since the launch of Apple’s first iPhone, its handset manufacturing rivals are going back to the drawing board in an attempt to bring innovation back to form factor.
The board of directors at Canadian device maker BlackBerry has formed a Special Committee to weigh up the idea of selling the firm or running it as a joint venture with a partner. The firm said it would “explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment”. It admitted that possible alternatives could include “possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions”.
The head of BlackBerry’s tablet unit has stepped down for personal reasons just weeks after the PlayBook was effectively put out to pasture.
In a move that could suggest that their efforts to disrupt the mobile device ecosystem have been met with resistance from consumers, Microsoft and Blackberry have both slashed the prices of their devices.
Struggling Canadian handset maker Blackberry has posted a $169m operating loss for 2Q13, with financial traders wiping off a whopping $2.1bn of the firm’s value as a result.
Open source software developer Canonical has established a Carrier Advisory Group for its Ubuntu smartphone OS. The group is to be led by David Wood, a former Psion engineer and one of the founder members of the original Symbian collaboration.
Handset maker Blackberry has unveiled a solution for car manufacturers that lets them manage and deliver over-the-air (OTA) software updates to vehicles.
Canadian firm BlackBerry (formerly known as RIM) plans to make its popular BlackBerry Messenger (BBM) application available on iOS and Android platforms later this year.
Canadian device maker BlackBerry is showing signs of stability after posting a $94m GAAP profit for 1Q13, representing almost a seven-fold increase on the $14m posted in the previous quarter, and up from the $118m loss it posted in the same quarter last year.
A bank in Indonesia has developed the first mobile payments service for Canadian handset maker BlackBerry’s Messenger service (BBM). PermataBank has teamed up with British mobile banking solutions provider Monitise to roll out a commercial pilot of BBM Money in the country ahead of a full launch.
Canadian handset maker BlackBerry has appointed two industry veterans to its board of directors. Richard “Dick” Lynch, retired executive VP of US operator Verizon, and Bert Nordberg, former CEO at Sony Ericsson, join the firm as it looks to reverse its decline, with all bets on the newly launched BlackBerry 10 platform.
Blackberry – the Canadian handset maker formerly known as RIM – has had a tough time in the months leading up to the launch of its long-awaited BlackBerry 10 operating system. Its financial struggles, fading market share, service outages, management overhaul and the several delays to the launch of the platform has generated unfavourable media coverage for the firm.
Canadian handset manufacturer BlackBerry has unveiled its long-awaited BlackBerry 10 operating system. At an event in New York yesterday, CEO Thorsten Heins revealed two devices running on the OS and announced the new brand name of the company, which was formerly known as RIM.
Despite having seen its market share drop considerably over the past two years and having delayed the launch of the platform several times, Canadian handset firm BlackBerry launched its BlackBerry 10 platform this week, still hoping to disrupt a smartphone market dominated by iOS and Android.