BlackBerry CEO Thorsten Heins has little to lose if his company is eventually bought out.
BlackBerry recently released a proxy filing dating back to May in which the company outlined its handling of CEO Thorsten Heins in the event it's acquired and he's removed from his post. According to the filing, which was obtained by Bloomberg, Heins would make $55.6 million in salary, incentives, and equity if he's ousted from BlackBerry.
Heins will also be quite rich if BlackBerry shareholders don't give up ownership and decide to fire him -- he'll make $22 million … Read more
BlackBerry is eyeing another round of layoffs as part of its ongoing restructuring, according to The Wall Street Journal.
Citing "people familiar with the matter," the Journal said Wednesday that the job cuts would affect middle management across the sales and support divisions. The new layoffs would come on top of the 5,000 cuts planned during the company's last fiscal year.
BlackBerry's "solid ground" just got shakier.
The company on Friday posted a loss in its fiscal first quarter, whereas analysts had projected at profit. Compounding the negativity was the eventual disclosure that it only sold 2.7 million BlackBerry 10 devices in the quarter and saw its subscriber base fall by 4 million to 72 million.
It was a bad day for BlackBerry all around. The surprising and disappointing numbers underscore the continued challenges the company faces as it continues its slow efforts for a recovery. But with losses expected to continue piling up, some are wondering … Read more
There they go again. Seems being the CEO at a technology company invariably involves hitting the stump and doing what George H.W. Bush (father, not the son) once famously called "the vision thing." So it was that earlier today Blackberry CEO Thorstein Heins made headlines when he predicted that the clock is ticking on tablet computers.
"In five years I don't think there'll be a reason to have a tablet anymore," he told Bloomberg.
Bold words, especially given the big, bold expectations for tablets sounded by the research houses. For example, Gartner said … Read more
BlackBerry CEO Thorsten Heins is not a fan of tablets.
Heins questioned the need for the mobile devices in an interview with Bloomberg on Monday.
"In five years I don't think there'll be a reason to have a tablet anymore," he said to Bloomberg.
Those are bold words for BlackBerry, which, of course, has had a checkered history with its sole attempt at a tablet, the BlackBerry PlayBook. The PlayBook, which was a massive flop when it debuted without core BlackBerry e-mail and messaging apps, is now considered more of a bargain-bin item.
Still, there are … Read more
After hastily giving up the co-CEO position amid shareholder pressure, Lazaridis has served as vice chair and a director of BlackBerry. Last week, he launched a $100 million fund, Quantum Valley Investments, to work on commercial applications for breakthroughs in quantum science.
"With the launch of BlackBerry 10, I believe I have fulfilled my commitment to the board," Lazaridis said today in a press release. "Thorsten and his team did an … Read more
BlackBerry swung to a surprising profit in the fiscal fourth quarter amid early signs of progress with its BlackBerry Z10 flagship phone.
For the three months that ended on March 2, the Canadian smartphone manufacturer reported a profit of $98 million, or 19 cents a share, compared with a year-ago loss of $125 million, or 24 cents a share. Excluding items such as its cost-savings program, the company reported an adjusted EPS of 22 cents. Sales, however, fell by 36 percent to $2.68 billion.
More importantly, BlackBerry said it sold 1 million units of the Z10 in the period. … Read more
Samsung Electronics will never be able to offer "top-notch platinum" security because of the inherent open nature of Android, according to BlackBerry CEO Thorsten Heins.Because Android is open source, it is the most susceptible to attacks such as malware, Heins said yesterday in an interview with CNET in New York City. In comparison, he added, BlackBerry 10 was designed from the ground up to be a secure platform. "You don't know how many keys you've given to the main door of your house because it's open software," he said about Android. "… Read more
OK, BlackBerry, it's go time.
After several delays, broken promises, and doomsday prognostications, BlackBerry's next-generation smartphone, the BlackBerry Z10, hits U.S. stores tomorrow.
For a company still eyeing a comeback in the brutally competitive smartphone business, the U.S. launch of the device represents a particularly critical turning point. Despite the BlackBerry falling from grace here, the U.S. is still the device's largest market, representing 20 percent of total subscribers, according to an analyst. A successful launch that attracts old and new users alike could provide BlackBerry with the fuel to turn itself around. But … Read more