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Heins was supposed to land a payday worth nearly 56 million dollars in the event that he was fired following the sale of BlackBerry, as per the new employment contract struck in April. However, since the acquisition deal with Canadian firm Fairfax
Investor Marvin Pearlstein has alleged that the sinking smartphone manufacturer and two of its executives made false and misleading statements that the company was progressing on its financial and operational commitments and the previews of its
A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry Z10 smartphone would fare against competitors. The lawsuit seeks to represent thousands of
Story One common theme among readers was that, while BlackBerry was ahead of its time with its e-mail technology, it failed to foresee the logical next step. The downfall started June 29, 2007, the day the iPhone was introduced, one commenter wrote.
In the face of a dismal earnings report, even BlackBerry chief executive Thorsten Heins struggled to find a silver lining. The beleaguered smartphone maker reported a loss of $965 million during the second quarter and more than $1 billion during the
The company logo is see at the Blackberry campus in Waterloo, September 23, 2013. Top BlackBerry executives sold small blocks of the company's stock on the day that the smartphone maker warned of a huge quarterly operating loss and massive job cuts,
The consumer business has long been a losing battle for BlackBerry. A lack of innovation has led to a sense that the company is behind the times, which means the brand name no longer holds cachet with consumers. In turn, the top app developers have
Blackberry's new range of smartphones, the touchscreen Z10, haven't been able to strike a chord with consumers and the company has all its hopes laid on the series to somehow revive the market share. The delay of the contract comes amidst the company'
Thorsten Heins, CEO of Research In Motion, with the BlackBerry Z10 smartphone AP Market View A new Blackberry Z10 smartphone is displayed at a store in New York, March 22, 2013. Market View The BlackBerry Q10 The Globe and Mail Video BlackBerry said
BlackBerry Chief Executive Thorsten Heins speaks at the company's annual meeting in Waterloo, Ontario July 9, 2013. BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said, quoting people