Posts tagged BBRY



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BlackBerry to Announce Third Quarter Fiscal 2014 Results on Friday, December 20, 2013

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 quarter, losses are expected to be reported for another 2-3 quarters says several analysts, see full press release below.

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Full list of companies that invested $1 billion into BlackBerry

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 money they’re risking.

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BlackBerry hit with class action lawsuit

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 the Company’s statements that its new BlackBerry 10 line of smart phones financially strengthened BlackBerry. Press release:

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BlackBerry Financial Results to be Released at Approximately 7:00 am Eastern on Friday, September 27

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:

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Prem Watsa confident bid for BlackBerry will succeed

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 hold their ground for the current bid.

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UK Enterprises Embrace BlackBerry Enterprise Service 10

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 uptake amongst the UK’s largest companies follows the response in North America, where the majority of Fortune 500 companies have BlackBerry Enterprise Service 10. See full press release:

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Former BlackBerry Co-CEO Lazaridis Has Talked With Private-Equity Firms About Possible Bid for Company

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 downfall, apparently he still sees some potential, these reports

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BlackBerry Lays Out Future Plans, Losses, 4 More Devices, Staff Reduction & More

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 these enterprise and prosumer-centric devices. As far as their restructuring plan an approximate of 4,500 position employees are expected to get laid off by end of Q1 Fiscal 2015.  The company will continue to evaluate  strategic alternatives however sees a tremendous growth and opportunity on their BES10 business side.

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BlackBerry Announces Preliminary Second Quarter Fiscal 2014 Results and Provides Business Update

BlackBerry announced a prelimnary (formal announcement next Friday, Sept 27th) Q2 fiscal 2014 results stating they expect a net operating loss of approximately $950 million to $995 million, restructuring plans, including reduction of approximately 4,500 employees; targets reduction of its operating expenditures by approximately 50% by end of Q1 Fiscal 2015. Press release:

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BlackBerry Bidders To Break Up Business, Possibly

According to Reuters several potential bidders and private equity firms are lining up to take bits and pieces from BlackBerry and breaking up the business. While Canadian government officials would like like for the company to stay intact and succeed as a Canadian company there are some potential bidders outside of the country who might be interested. In recent days a few private equity firms have signed confidentiality agreements or have agreed to meetings with the company to gain access to the company’s books, the sources said. Possible break up sectors of the company:

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BlackBerry To Meet With Lawmakers Over The Investment Canada Act (ICA)

As a possible sale of the company, BlackBerry will meet with Canadian lawmakers to discuss the Investment Canada Act according to federal lobbying documents that have been registered. The Investment Canada Act (ICA) is a Canadian Federal law governing large foreign direct investment in Canada. The government automatically reviews any takeover bid of more than C$344 million ($332 million). – Bloomberg More on the ICA:

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BlackBerry Joins FIDO Alliance and Board; Seeks Secure, Universal Authentication for Mobile Platform and Device Users

“BlackBerry is deeply committed to remaining the Gold Standard in mobile security while providing a model for others to adopt and follow,” said Brian McBride, Technical Director for Identity at BlackBerry. “Offering safe, reliable access for our customers across the globe is inherent to everything BlackBerry does as an organization. We are both excited and proud to join the FIDO Alliance to help extend mobile security best practices and standards to the global community as the alliance strives to achieve universal secure authentication.” See full press release:

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