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Struggling Canadian handset maker BlackBerry had its stock market shares halted Friday. This came on the heels of an announcement in which the company claimed a $US950 million loss for the most recent quarter. The company’s performance this past quarter will lead to a 40% reduction in its global workforce, about 4,500 people. Read >
BlackBerry Co-Founder Seeks Bid To Be Taken Private (New York Times)
BlackBerry’s co-founder, Mike Lazaridis has begun aggressively reaching out to several private equity firms about a possible bid for the handset maker. Lazaridis and BlackBerry’s other co-founder stepped down as executives last year in an attempt to hand over the company to a new executive team and spur growth. One year later, with no growth, BlackBerry continues to cede its already limited market share in the global smartphone market. A full-fledged buy out would likely lead to significant consolidation within the smartphone industry. Read >
A leaked version of BlackBerry’s popular messaging service, BBM, is forcing the company to put a hold on the global rollout of BBM for Android. Amid all the Android market confusion, BlackBerry also decided to pull the already released iOS version of BBM from the app store. BlackBerry reported that the unofficial Android app pulled in more than 1.1 million active users in just 8 hours. Read >
At Microsoft’s recent Financial Analyst Meeting, Executive Vice President Terry Myerson clued in on the company’s future, claiming that phablets will be a critical part. He also mentioned that the convergence of Windows Phone 8 and Windows RT technologies may be imminent. Read >
David Lee, an angel investor in Silicon Valley, claims that photos are quickly becoming the newest well of cheap, abundant data. More cheap photo data will be necessary and beneficial in the long run for companies and services like Google Glass, Google Earth, connected cars, and others. Because of this, he feels the photo-sharing app landscape is wide open and ripe for many newcomers. Read >
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