BlackBerry head says company is ‘very much alive’

Tuesday, 3 December 2013

BlackBerry has been hammered by competition from iPhone as well as Android-based rivals

Apple acquires Israeli 3D chip developer PrimeSense

Monday, 25 November 2013

Local media claim acquisition by the U.S. tech giant is worth about $350m

U.S. seen giving up internet governance in wake of spy scandal

Wednesday, 20 November 2013

Technology expert Rod Beckstrom says trust in the internet ‘has been shattered’

Qatari fund said to invest in BlackBerry debt offer

Thursday, 7 November 2013

Qatar Holding is among a handful of investors that have put money into BlackBerry’s $1 billion convertible debt offering, a source familiar with the financing plan said on Wednesday. The Qatari sovereign wealth fund bought as much as $200 million of the offering, in which Fairfax Financial Holdings, BlackBerry’s largest shareholder, has itself put in $250m. The embattled smartphone maker abandoned plans on Monday to sell itself and replaced its chief executive, sparking a 16 percent ...

BlackBerry faces ‘ongoing uncertainty’ despite new boss, BBM app

Wednesday, 6 November 2013

Troubled smartphone maker BlackBerry faces ‘ongoing uncertainty’ despite management changes and an attempt to attract more instant-messaging users, technology experts said. BlackBerry announced on Monday it had fired its chief executive Thorsten Heins, and turned to a $1 billion fundraising plan in a bid to stay afloat. The news came two weeks after the Canadian firm launched its native BlackBerry Messenger (BBM) app on rival Android and Apple handsets, in an attempt to win back some ...

New BlackBerry chief says he has no plans to shut handset unit

Tuesday, 5 November 2013

BlackBerry Ltd has no plans to shut down its loss-making handset business, incoming interim Chief Executive John Chen said on Monday, adding that the smartphone maker has sufficient resources to stage a turnaround. “I know we have enough ingredients to build a long-term sustainable business,” Chen said in a telephone interview with Reuters. “I have done this before and seen the same movie before.” Chen, who is replacing Thorsten Heins as CEO, performed a similar ...

BlackBerry calls off sale, will replace CEO Thorsten Heins

Monday, 4 November 2013

BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday. Shares of BlackBerry dropped 19 percent to $6.33 in premarket trading. The company will raise the money with a private placement of convertible debentures. BlackBerry's largest shareholder, Fairfax Financial Holdings Ltd, will take up $250 million of the debentures. ...

Google expands sales of Internet-connected glasses

Tuesday, 29 October 2013

Google is relying on a little social networking to put its Internet-connected glasses on the heads of more people. The expanded sales of the device known as Google Glass will come as part of an invitation-only program announced Monday. The roughly 10,000 Glass owners who began testing the device earlier this year will each be allowed to invite up to three people to buy the device. The early Glass users are primarily computer programmers and winners of an online contest conducted earlier this ...

Aiming to avoid Facebook chaos, NYSE runs Twitter IPO test

Sunday, 27 October 2013

The New York Stock Exchange on Saturday did a test run of Twitter’s highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook’s initial public offering on rival Nasdaq. The Big Board, run by NYSE Euronext, regularly does systems testing on the weekends, but this was the first time it had run a simulated IPO, and it did so at the request of its member firms - many of whom took part in Facebook’s 2012 IPO on Nasdaq OMX Group’s main ...

Twitter IPO pegs valuation at modest $11bn

Friday, 25 October 2013

Seeking to avoid a repeat of Facebook Inc’s much-maligned public debut, Twitter revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11bn. The valuation was more conservative than the $15bn some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company’s listing price a better deal, with room to rise. Twitter had signaled for weeks it ...

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