BlackBerry’s largest shareholder FairFax Financial has sold off 5.2 million shares according to a regulatory filing with the U.S. Securities and Exchange Commission. Fairfax is the second-largest shareholder in BlackBerry behind Primecap Management, which has a 10.4%t stake or nearly 54.9 million shares.
BlackBerry will be reporting results for the third quarter of fiscal 2014 on December 20th, 2013. A conference call and live webcast will be held beginning at 8 am ET. It is that time of the year again, since BlackBerry is still a public company they will be reporting this results of fiscal 2014 third […]
BlackBerry reportedly rejected any proposal that involved breaking up the company, after several interests from companies such as Microsoft Corp, Apple Inc, Lenovo Group Ltd and many others, they decided to take a $1 billion dollar investment to keep it intact as they felt it was in the best for their business.
BlackBerry has revealed its partners in the $1 billion dollar investment that the company received. We initially knew of Fairfax Financial as well as Qatar Holding LLC, no other companies were known until a recent filing. The filing with the U.S. Securities and Exchange Commission today reveals the names of the investors, plus the amount of […]
BlackBerry gets hit with a class action lawsuit, the company and “its officers”. They are charged with “making a series of materially false and misleading statements and omissions related to the Company’s business and operations in violation of the Securities Exchange Act of 1934.” The lawsuit also claims that BlackBerry failed to inform investors that, contrary to […]
BlackBerry reports second quarter fiscal 2014 results, while they released a preliminary report last week, here is the full detailed version. BlackBerry also canceled their earnings call today as well as the webcast. See what BlackBerry CEO Thorsten Heins had to say below as well has the detailed Q2 fiscal 2014 results.
In light of the letter of intent agreement between BlackBerry and Fairfax Financial Holdings Limited that was signed and announced on Monday, September 23, BlackBerry has cancelled its second quarter earnings conference call and webcast that had previously been scheduled for Friday, September 27 at 8:00 a.m. See full press release:
Prem Watsa is very confident that his company’s $4.7 billion dollar bid for BlackBerry will succeed. BlackBerry has up until November 4th to shop for another sale, a higher bid. While Prem’s company Fairfax owns a %10 stake in BlackBerry (biggest shareholder), he strongly believes at the end of their due diligence they will still […]
BlackBerry today announced that 34 of the FTSE 100 companies have already installed BlackBerry(R) Enterprise Service 10, BlackBerry’s enterprise mobility management (EMM) solution, for either commercial or test purposes. Reflecting the clear need for companies to have a cross platform EMM solution that delivers a strong level of security, control and management at the device and app level, the […]
Could we be seeing former BlackBerry Co-CEO Mike Lazaridis make a bid for BlackBerry? Seems like there have been talks according to the WSJ that the former Co-CEO has been in contact with private-equity firms about a possible joint bid for the company. Mike Lazaridis ran the company during its glory days as well as their […]
BlackBerry just sent out a preliminary Q2 press release stating much information that investors and consumers wanted to hear. What does the future hold. While there has been a reduction in devices planned from 6 to 4(to keep in current BlackBerry 10 portfolio), 2 low-end and 2 high-end devices, BlackBerry will continue to focus on […]