In 1984, Mike Lazaridis, an engineering student at the University of Waterloo, and Douglas Fregin, an engineering student at the University of Windsor, founded an electronics and computer science consulting company called Research In Motion, or RIM. For years the company tinkered in obscurity, until it focused on a breakthrough technology: an easy, secure, and effective device that allowed workers to send and receive e-mails while away from the office. They called it the BlackBerry.
Blackberry's new CEO John Chen took his first steps to overhaul the company on Monday by showing three executives the door.
Blackberry announced on Monday that that COO Kristian Tear and CMO Frank Boulben will leave the firm. CFO Brian Bidulka has been replaced by head of compliance James Yersh, but will stay on as a special advisor to the CEO for the remainder of the financial year.
BlackBerry Ltd's effort to find a buyer has failed, leaving the company to attempt a hastily arranged restructuring that raises even more questions for the beleaguered smartphone maker.
The Canadian company said Monday it abandoned a tentative $4.7 billion plan to go private and instead will continue as a public company with new leadership and a $1 billion investment from a group led by major shareholder Fairfax Financial Holdings Ltd.
Earlier this month, BlackBerry wrote an open letter to its customers in which it told them that they could continue to count on the company, despite its well-documented struggles in recent weeks, months and years. But BlackBerry is not out of the woods yet, whatever its brave face may lead you to believe.
In September, the company announced that it had accepted a $4.7bn deal with Fairfax Financial Holdings, but it has not yet been finalised. Some have suggested that Fairfax may be struggling to raise capital from other investors.
We’ve got some exciting news for BlackBerry 10 customers out there— today your favorite smartphone is getting even better with the release of BlackBerry 10.2 OS, which will available for download starting this week.