BlackBerry Ltd (NASDAQ:BBRY) has announced its first eBBM suite product, which customization platform for the BBM instant messaging service for enterprise users called BBM Protected. BBM Protected is FIPS 140-2 cryptographic library-enabled messaging between users within the same enterprise or between organizations that also use BBM Protected.
BlackBerry Ltd (NASDAQ:BBRY) is preparing to sell some of its real estate assets in Canada to San Francisco-based real estate investment company Spear Street Capital LLC for $278 million. BlackBerry said it would sell over 3 million square feet of space along with vacant lands. BlackBerry will also lease back a portion of the space.
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BlackBerry Ltd (NASDAQ:BBRY) has acquired a minority stake in U.S. healthcare IT firm NantHealth. BlackBerry and NantHealth are working together on a smartphone to meet the needs of the healthcare sector with an expected launch of late 2014 or early 2015. The terms of the deal were undisclosed.
BlackBerry Ltd (NASDAQ:BBRY) CEO John Chen acknowledged that the company would exit the handset business if it continues to be unprofitable. BlackBerry is focusing more on enterprises, investments, acquisitions, and partnerships – specifically in the healthcare, financial, and legal service industries.
BlackBerry, the Canadian smartphone giant, has decided to part ways with T-Mobile at the end of April. The two companies will not be renewing their sales agreement at that time. BlackBerry CEO John Chen said that the strategies between the two companies are not “complementary.” He said that BlackBerry needs to act in the best interest of its customers.
BlackBerry has reported a lower than expected loss. BlackBerry reported a Q4 loss of $423 million as CEO John Chen is aiming for a turnaround at the company. The company reported a loss of eight cents a share, excluding one-time items. Wall Street was expecting a 55-cent loss for the quarter.