Thorsten Heins Posts

Outgoing BlackBerry CEO Thorsten Heins Sends Letter To Employees

Thorsten Heins
Thorsten Heins, the outgoing CEO of BlackBerry, announced that they were unable to find a buyer for the company earlier this week.  However, BlackBerry will be receiving a $1 billion investment from Fairfax Financial.  After the news of Heins’ departure, he sent out an e-mail to employees where he wrote that he was leaving with the confidence of knowing that BlackBerry is in capable hands.
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BlackBerry CEO Thorsten Heins To Make Millions On His Way Out

Thorsten Heins
According to security filings, outgoing BlackBerry CEO Thorsten Heins will make a lot of money on his way out of the company.  Based on a new employment contract that was made in April, Heins was expected to make $56 million if he was fired following the sale of BlackBerry.
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BlackBerry No Longer Finding A Buyer, Looking To Raise $1B, CEO Out

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BlackBerry is no longer looking for a buyer.  BlackBerry CEO Thorsten Heins will be replaced as he is stepping down from the CEO position and from the board of directors.  Instead of bidding on BlackBerry, Fairfax Financial will now lead a group of investors that will be investing $1 billion into the handset company.
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BlackBerry Gets Sued For Allegedly Misleading Investors

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BlackBerry has been sued by a shareholder that claims the company misled the public about its future, including how well the BlackBerry 10 would do against competition.

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Confirmed: BlackBerry Posted Almost A $1 Billion Loss In Q2

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BlackBerry has confirmed how bad their Q2 earnings were.  BlackBerry posted a $965 million loss for the second quarter on revenues of $1.6 billion.  One of the major reasons for the loss was because of a $934 million charge for unsold Z10 phones.  They also reported a $72 million charge related to staff layoffs.

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BlackBerry Ltd (BBRY) Agrees To $4.7 Billion Sale Led By Fairfax Financial

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BlackBerry Ltd (NASDAQ:BBRY) has agreed to sell themselves to a group of investors, led by their largest shareholders.  These shareholders have indicated that they are going to take BlackBerry private.  The lead investor is Fairfax Financial Holdings Ltd.  The investors have agreed to buy the company for $4.7 billion.
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BlackBerry Ltd (BBRY) Co-Founder Mike Lazaridis In Talks To Take The Company Private

Mike Lazaridis
BlackBerry Ltd (NASDAQ:BBRY) co-founder Mike Lazaridis (pictured above) is currently in talks with private equity firms to buy out the Waterloo-based mobile giant.  Lazaridis talked to both Blackstone Group and Carlyle Group about making an offer, according to sources with The New York Times.  The talks are preliminary and there is a possibility that no bids will be made.

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BlackBerry Ltd (BBRY) Reports $995M Net Loss For Q2, Firing 4,500 People

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BlackBerry Ltd (NASDAQ:BBRY) has reported today that they are cutting 4,500 jobs.  The company shipped 3.7 million smartphones last quarter, which is very low considering how much investment went into BlackBerry 10 and their new smartphones.  The company pre-announced their earnings and said that they hit a $995 million net loss for Q2 this year.

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