BlackBerry

An early mover in the smartphone market (the BlackBerry was nicknamed the ‘CrackBerry’ in the US because some owners seemed addicted), BlackBerry has lost market share mainly to Apple’s iPhone, and to other smartphones powered by Google’s Android operating system.

BlackBerry in deal to sell most of Canadian property, lease back some

BlackBerry in deal to sell most of Canadian property, lease back some

BlackBerry will sell more than three million square feet of space, plus vacant property, and lease back some of it in a transaction expected to close by the end of May, according to a statement today. The Waterloo, Ontario-based company did not disclose terms of the agreement, nor name the buyer. CBRE advised BlackBerry on the deal.

Wednesday, 26 March, 2014, 7:34am

BlackBerry brings back the keyboard

BlackBerry's John Chen says he loves physical keyboards, and hopes buyers will feel the same about planned new models. Photo: Reuters

BlackBerry, which struggled to entice customers with touch-screen models last year, plans to return its focus to keyboard-equipped phones under chief executive John Chen.

8 Jan 2014 - 4:19am

BlackBerry chief hires more former colleagues

John Chen

BlackBerry hired three more senior executives this week who previously worked with its new chief executive, bolstering a team charged with putting the stumbling smartphone maker back in stride.

21 Dec 2013 - 2:52am

BlackBerry chief vows to rebuild empire

As part of the turnaround efforts, John Chen plans to "stabilise" relations with customers in North America and Europe. Photo: Reuters

John Chen, the man charged with breathing life into struggling BlackBerry, says he has no intention of killing the money-losing BlackBerry handset as he looks to turn around the smartphone maker.

6 Nov 2013 - 1:54am 2 comments

BlackBerry ends buyer search after chief exits

BlackBerry chief executive Thorsten Heins. Photo: Reuters

BlackBerry yesterday abandoned hopes of finding a buyer, and instead pegged its future on a US$1 billion cash infusion and new management, after the sudden departure of its chief executive.

5 Nov 2013 - 12:17pm

Blackberry co-founders mull bid for struggling smartphone maker

Mike Lazaridis controls 5.7 per cent of Blackberry. Photo: Reuters

BlackBerry co-founders Mike Lazaridis and Douglas Fregin are considering a bid to buy the struggling smartphone maker, according to a securities filing on Thursday, raising the prospect of an alternative to a US$4.7 billion offer led by its top shareholder.

11 Oct 2013 - 11:22am

BlackBerry faces lawsuit accusing it of misleading investors over its future

The Z10 smartphone at the heart of the legal challenge. Photo: AFP

A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry 10 smartphone line would fare against competitors.

7 Oct 2013 - 11:39am

By going private, Blackberry may buy time to fix itself

From hero to zero... BlackBerry’s faces slumping market share and cut-throat competition. Photo: AP

A tentative deal to take BlackBerry private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room.

25 Sep 2013 - 11:23am

BlackBerry rescue tycoon's latest test

Investors will be watching whether Prem Watsa can achieve a turnaround at BlackBerry over the coming years. Photo: Reuters

Speculation that Prem Watsa, the man some call Canada's Warren Buffett, would launch a bid for BlackBerry started to swirl as soon as he stepped down from the troubled smartphone maker's board last month.

25 Sep 2013 - 1:56am

Once-cool BlackBerry failed to keep pace with rivals

Six years ago, the word smartphone was synonymous with BlackBerry, but the company failed to keep up with nimbler rivals like Apple and Samsung Electronics. Photo: Reuters

In just a short time, BlackBerry went from being the coolest gadget-maker on the planet to one apparently destined for the history books.

The firm, which agreed to a US$4.7 billion buyout to take the firm private, appears close to a breakup, which might salvage some parts of the once high-flying Canadian tech pioneer.

24 Sep 2013 - 9:09pm 1 comment

BlackBerry admits defeat as consortium bids US$4.7b to take it private

BlackBerry admits defeat as consortium bids US$4.7b to take it private

Smartphone maker BlackBerry has agreed to go private in a US$4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.

24 Sep 2013 - 8:52pm

BlackBerry move away from consumers unlikely to stem decline

On Friday, Blackberry warned it would report a quarterly loss of close to US$1 billion and slash more than a third of its workforce. Photo: Reuters

BlackBerry’s plan to retreat from the consumer market in favour of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn will only accelerate its downward spiral.

23 Sep 2013 - 2:12pm

BlackBerry a casualty of the handset war as it lays off more workers

The new BlackBerry 10 has not saved the company. Photo: AP

BlackBerry has announced it will be laying off 4,500 employees, nearly 40 per cent of its already cut workforce. The bleak results sent BlackBerry shares tumbling 17 per cent and drew comparisons to Palm, another smartphone pioneer that fell out of favour with consumers.

22 Sep 2013 - 3:10am 2 comments

BlackBerry heads for fourth write-down

New phones such as the Q5 have failed to catch on. Photo: Bloomberg

BlackBerry's swelling inventory of unsold smartphones is approaching the US$1 billion mark, raising the chance the company will make its fourth write-down in two years when it posts earnings next week.

21 Sep 2013 - 2:29am

BlackBerry plans deep job cuts as new phone launches: report

BlackBerry said last month it was weighing options that could include an outright sale, in the face of persistently lacklustre sales of devices that run on the BlackBerry 10 operating system. Photo: AP

BlackBerry plans to slash thousands of jobs by the end of the year, the Wall Street Journal reported on Wednesday, just as the company launches a flagship smartphone intended to revive its fortunes.

19 Sep 2013 - 12:57pm

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