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BlackBerry steps back on handset business, shares jump

Last Updated: Saturday, December 21, 2013, 02:47

BlackBerry Ltd said on Friday it was entering a handset production deal that lowers the risk it will have to take more massive writedowns on unsold smartphones, and its shares surged even though it posted dismal quarterly results.

Former Apple CEO Sculley mulls BlackBerry bid: Report

Last Updated: Thursday, October 24, 2013, 08:52

The report said Sculley declined to comment on the matter, but told the Canadian newspaper that he has been a long-time BlackBerry fan and user.

BlackBerry loses $965 mn in 2nd quarter

Last Updated: Friday, September 27, 2013, 18:41

Canadian tech pioneer BlackBerry, which earlier this week agreed to a USD 4.7 billion buyout, said Friday that it lost USD 965 million in the second quarter.

Fairfax's Watsa confident BlackBerry bid will succeed

Last Updated: Thursday, September 26, 2013, 09:00

Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its USD 4.7 billion bid for smartphone maker BlackBerry Ltd.

BlackBerry warns of big loss, 4,500 job cuts; shares dive

Last Updated: Saturday, September 21, 2013, 13:12

The company, which has struggled to claw back market share from the likes of Apple Inc's iPhone and Samsung Electronics Co Ltd's Galaxy phones, said it expects to report a net operating loss of between USD 950 million and USD 995 million in the quarter ended August 31, due to writedowns and other factors.

Blackberry shares plunge over disappointing subscriber and profit figures

Last Updated: Saturday, June 29, 2013, 19:16

Telecommunication Company Blackberry has recently revealed its adjusted quarterly loss and disappointing profit margins which sent the company's stock careening 25 percent in the red.

Former Blackberry CEO Balsillie sells entire stake

Last Updated: Friday, February 15, 2013, 00:29

Shares of BlackBerry were down 3.4 percent at USD13.52 in early trading on the Nasdaq.