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Showing posts with label Blackberry. Show all posts
Showing posts with label Blackberry. Show all posts

Tuesday, November 05, 2013

BlackBerry Abandons Sell-Off Plans - CEO Resigns

 
Latest news from ­BlackBerry is that the planned sale of the company has been ditched. The company now will seek an additional $1 billion in funding. Its CEO, Thorsten Heins, has resigned.
According to CellularNews, the company's largest single shareholder, Fairfax Holdings, which proposed a US$4.7 billion buyout of the company was unable to secure the necessary funding for its highly conditional offer.
Other rumoured bidders also failed to materialise by the Monday deadline.
Instead, the company will raise $1 billion in fresh funding, of which a quarter will be provided by Fairfax Holdings.
Former Sybase CEO, John Chen will serve as interim chief executive while a long term replacement is found.
Another company director, David Kerr has also resigned.
BlackBerry currently has a market value of around US$5 billion and also has some US$3 billion in cash and equivalents. The fresh funding will lift its cash to around $4 billion, giving whoever takes on the role of CEO more time to try and turn the company around.
 

Wednesday, October 30, 2013

BlackBerry records 20 Million BBM Downloads in First Week



 
BlackBerry has announced that it added over 20 million new BBM users during the first week of the official launch of its Android and iPhone apps.

I have joined the list, even though I have not been able to log in. I can’t seem to remember the email and password I used to register my Blackberry.  That’s the trouble with having several email accounts.

Consequently, I can’t share any experience as to how good or bad it is, or whether it’s worth your time to get it too.

But judging by the way people are rushing the app, it must be working well. According to the information the company release, 10 million users downloaded the app in the first day. There are now over 80 million users of the company’s  OTT platform.
 
BBM was the top free overall app in 35 countries in Google Play and in 107 countries in the App Store, and continues to maintain a strong position in key markets such as Canada, the US, the UK, Indonesia and much of the Middle East, the company says.

In addition, this past weekend, BlackBerry was able to remove the waiting list so that Android and iPhone users can now immediately download, sign in and start using BBM without having to wait.

In the coming months, BlackBerry will deliver BBM Video calling, BBM Voice calling and BBM Channels - a new community building service to connect BBM users even more broadly - to Android and iPhone users.

Tuesday, September 24, 2013

Blackerry Agrees to $4.7 Billion Buyout from Major Shareholder


Oh dear! Blackberry top guns could not pull the company out of the woods. They are selling it to a shareholder. Fairfax Financial Holdings, which has the largest share in the company has made an offer and is seeking to take it private in a deal that values the smartphone manufacturer at just US$4.7 billion -- a far cry from its peak in 2009 when the company was worth US$84 billion. How art the mighty fallen!

BlackBerry confirmed the deal. The directors of the company are recommending the offer.

The consortium is offering US$9 per share to buy the company - a premium on the share price earlier today, but below the average of US$10.60 per share the company was trading at before it announced last week's billion dollar loss and 4,500 redundancies.

At the end of the second quarter, Blackberry had around US$2.6 billion in cash and equivalents in the bank -- so the net cost to the buyers of the company comes in at just US$2.1 billion.

Fairfax, which owns approximately 10 percent of BlackBerry's shares, intends to contribute its stake into the transaction.

Prem Watsa, Chairman and CEO of Fairfax, said: "We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees. We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world."

The due diligence on the company is expected to be completed in early November, and the company is free to seek out competing offers from other buyers. Considering the patent pool owned by the company, and its large BBM consumer base, other handset and service providers may be keen to launch a hostile counter bid.

Wednesday, September 18, 2013

BlackBerry Introduces the New BlackBerry Z30 Smartphone

Blackberry Z30
For all of you gadgets gatherers, a new toy is in town: BlackBerry Z30, which the company says is its fastest ever model.

Featuring BlackBerry 10 OS version 10.2, the new smartphone comes with a 5" display and the largest battery yet on a BlackBerry smartphone.

"The new BlackBerry Z30 smartphone builds on the solid foundation and engaging user experience of the BlackBerry 10 platform with features like the powerful BlackBerry Hub, its exceptional touchscreen keyboard and industry leading browser," said Carlo Chiarello, Executive Vice President for Products at BlackBerry.

The hardware comes with a 1.7 GHz processor with quadcore graphics and new antenna technology that dynamically tunes reception to give users better connectivity in low signal areas.

The BlackBerry Z30 smartphone will roll out from select carriers and retailers around the world beginning next week in the UK and Middle East, and all other regions going into the holiday season. Specific pricing and availability will be announced by partners at the time of their respective launches.

Subject to mobile network approvals, BlackBerry OS version 10.2 is expected to be available beginning mid-October.

 

Wednesday, December 05, 2012

Blackberry explodes, scars school boy

Kian with the exploded Blackberry
A schoolboy was left scarred for life when a Blackberry mobile phone exploded and set fire to his bed.

Terrified Kian McCreath woke up screaming when the phone burst into flames, setting his duvet and mattress alight.

The remains of the phone
He suffered severe burns when the plastic casing melted onto his legs - leaving him with permanent scaring.

Kian’s furious dad Pete said it was a miracle his 11-year-old son did not die in the bizarre blaze.

Blackberry bosses have launched an investigation into the fire - which broke out at the family home in Coventry.

The phone belonged to Kian’s 13-year-old brother Mason, who was given it as a birthday present a fortnight earlier.
Their mum Sarah, 39, heard her youngest son’s screams and rushed into his bedroom to put out the blaze last Sunday.

 She said: “It was about 2.30am and I couldn’t sleep so I came downstairs.
“As I left my room and noticed Mason’s phone on charge on the landing.
“I know the phone has an alarm he uses, so I unplugged it and plonked it on Kian’s bed.
“I thought nothing of it, made a cup of tea then I heard a really loud ‘pop’ sound.
“Kian started screaming at the top of his voice, shouting ‘my bed’s on fire!’ It was just horrific.

 “It was absolutely terrifying. The whole of his mattress and about a third of his quilt has been burnt away.

“I keep thinking what would have happened if I had been in bed and the phone had set alight on the landing?

“I worry that the house could have burnt down.

“I put out the flames with his brother’s quilt. Kian was shaking. He was terrified.”

Kian said: “It was really scary. I woke up with my legs in a fire at the bottom of my bed.

“I ran out of my room just screaming my head off and my mum came running up the stairs and luckily put out the flames.”

Dad Pete, who bought the phone from a Vodafone store in Birmingham, said Kian has been left mentally scarred.

 “If Sarah hadn’t acted so quickly that room could have gone up in flames within minutes,” he said.

 “It was just lucky she got there so quickly and that she was up at that time. It was so close.
 
“I’m shaking just talking about it. If had been any worse I could have my sons in boxes right now.

“Kian has burns to his lower legs where it exploded. It’s left them mentally scarred. Kian won’t even go back in to his bedroom.”

“I want them to recall all these phones in. That phone is dangerous and it needs to be tested.

“A lot of the kids are raving about that phone right now. My main concern now is the safety of other kids.”

A spokesman for Blackberry makers Research in Motion said: “We take claims of this nature very seriously.
“We are investigating this matter as a priority.”