Tag Archives: Barbara Stymiest

BlackBerry enters into letter of intent with consortium led by Fairfax Financial

BlackBerry shareholders would receive $9 per share in cash
Transaction valued at approximately $4.7 billion
Consortium permitted 6 weeks to conduct due diligence
BlackBerry entitled to go-shop during due diligence period, subject to payment of a termination fee in the event alternative offer accepted

Press release

September 23rd 2013. BlackBerry Limited (NASDAQ:BBRY; TSX:BB) has announced it has signed a letter of intent agreement (“LOI”) under which a consortium to be led by Fairfax Financial Holdings Limited (“Fairfax”) has offered to acquire the company subject to due diligence. The letter of intent contemplates a transaction in which BlackBerry shareholders would receive $9 in cash for each share of BlackBerry share they hold, in a transaction valued at approximately $4.7 billion. Continue reading

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Tycoon Watsa doubles his stake in RIM

Canada’s answer to Warren Buffet feasts himself on  shares

Someone obviously believes Research in Motion has a future. Toronto-based Fairfax Financial Holdings has become the struggling manufacturer’s single biggest shareholder after doubling its stake.
From a four year high of around $148 RIM’s share price has plunged massively to around the $6 – $7 mark prompting speculation that the company could be doomed. Continue reading

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RIM’s not yet stymied, says Stymiest

Rating: It just needs some fresh executives

Four years ago if you wanted to buy some Research in Motion(RIM) shares it would have cost you around $148. Today [June 11th 2012] if you were brave enough to invest in the company the stock would set you back a mere $7.44. Behind the spectacular collapse is, of course, Apple’s success in toppling RIM’s once iconic BlackBerry from its slot as the most sought after smartphone. Continue reading

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Guest Post: Thorsten Heins takes RIM by the Reigns as new CEO

Technology journalist, Alysa Jeff, takes you back over the BlackBerry maker’s recent history

Mike Lazaridis, who founded the firm back in 1984, served as the CEO of BlackBerry maker, Research in Motion (RIM), until very recently with the co-chief, Jim Balsillie. The two were heading the firm; however, as of now both Lazaridis and Balsillie have quit, and forwarded Thorsten Heins to take charge of their position as the firm’s chief. Prior to the departure of Lazaridis and Balsillie, RIM was experiencing some turbulence as it faced some serious competition. The maker of the BlackBerry recently underwent a phase where it was unable to provide even its services. Continue reading

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Beanz counters means Heins for RIM

Rating: Lazaridis & Balsillie take back seat at Blackberry maker

It was inevitable really. The two former co-CEOs at RIM (which makes the BlackBerry) have stepped back to let Thorsten Heins become CEO. As Lazaridis commented, “There comes a time in the growth of every successful company when the founders recognise the need to pass the baton to new leadership.” With both revenue and share prices sliding, such a move was necessary to placate the markets’ bean counters. But – unlike many industry pundits – GoMo News hasn’t written off RIM at all. As RIM itself says, “BlackBerry 7 is now out, PlayBook 2.0 shipping in February and BlackBerry 10 expected to ship later this year.” Compare that to what we know is definitely coming from Apple in the near future which is, um, nothing actually. Continue reading

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One of our free BlackBerry apps may not be working

Rating: GoMo News baffled by BlackBerry Thank You app misbehaviour

There seems to be a general consensus – in light of no official confirmation from Research in Motion (RIM) – that probably the most popular and useful app given away by the BlackBerry maker as part of its Thank You Gift campaign was Drivesafe.ly. This app performs text-to-speech conversion (pretty effectively in our humble opinion) so that any received emails or text messages will be read out to you as you drive along. The app is produced by iSpeech.org which also decided to contribute its iSpeech Translator Pro app to the mix. Better still there were Enterprise and Pro versions of Drivesafe.ly in the giveaway. Continue reading

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