Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Mobiles > Blackbe...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, September 20, 2013
Blackberry to Cut 4,500 Jobs


BlackBerry on Friday said that it expects to report a huge second-quarter operating loss next week and that it plans to cut 4,500 jobs, more than a third of its workforce.

The struggling company said it anticipated a loss of as much as $995m when it reports its second-quarter earnings next week. BlackBerry added it expects to report revenue for the second quarter of about $1.6 billion, of which roughly 50 percent is expected to be revenue from its services unit.

As part of the company's focus on enhancing its financial results, and in response to the increasing competition in the smartphone market, BlackBerry also announced plans to transition its future smartphone portfolio from six devices to four. The portfolio will focus on enterprise and prosumer-centric targeted devices, including 2 high-end devices and 2 entry-level devices in all-touch and QWERTY models. With the launch of the BlackBerry Z30 -- the next generation high-tier smartphone built on the BlackBerry 10 platform -- this week, the Company will re-tier the BlackBerry Z10 smartphone to make it available to a broader, entry-level audience.

At the same time, a Special Committee of the company's Board of Directors continues to evaluate all strategic alternatives for Blackberry, which may include a possible sale of the company. Both The New York Times and The Wall Street Journal cited sources saying that BlackBerry co-founder and former co-chief executive officer Mike Lazaridis has approached private equity firms about making a bid for the company. The New York Times specifically states that he's reached out to the Blackstone Group and the Carlyle Group about putting together an offer.

Thorsten Heins, President and Chief Executive Officer of BlackBerry said, "We are implementing the difficult, but necessary operational changes announced today to address our position in a maturing and more competitive industry, and to drive the company toward profitability. Going forward, we plan to refocus our offering on our end-to-end solution of hardware, software and services for enterprises and the productive, professional end user. This puts us squarely on target with the customers that helped build BlackBerry into the leading brand today for enterprise security, manageability and reliability."

The company has been seeking a turnover with the release of its latest mobile operating system (BlackBerry 10), but it seems that they both have failed to catch on.


Previous
Next
Grand Theft Auto V Sales Surpass $1 Billion In First Three Days        All News        Sprint One Up Upgrade Program Goes Live
FiOS TV Customers Can Now Watch TV Shows on Mobile Devices While Away From Home     Mobiles News      Sprint One Up Upgrade Program Goes Live

Get RSS feed Easy Print E-Mail this Message

Related News
BlackBerry Returns To Cash Flow
BlackBerry Classic Makes Official Debut
BlackBerry and NantHealth Launch NantOmics Cancer Genome Browser
Germany To Get Secure Phones By BlackBerry
Trade Your iPhone for BlackBerry Passport And Get $550
BlackBerry Focuses On Enterprise Mobility
Updated BBM Offers More Privacy, Control and More
BlackBerry CEO Creates Buzz Ahead of Classic Launch
BlackBerry Report Quarterly Loss, Focuses To Growth
Square Blackberry passport Released And Does Not Become Bent
BlackBerry Passport Launches Tomorrow
Blackberry Introduces Elegant Porsche Design P9983 Smartphone

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .