- BlackBerry (BBRY) expects to take at least $400M in charges until the end of the year as part of a restructuring in which it's slashing 40% of its workforce, the company said late yesterday. The figure is up from an initial estimate of $100M.
- BlackBerry said that Fairfax's offer to take it private may have hurt demand for its products, with the take-up of BES, a new business-focused offering, "slower than anticipated." BlackBerry is also feeling the effects of a lack of apps.
- The company is even beginning to suffer in emerging markets, which had been its one remaining bright spot. (SEC) (FQ2 earnings)
BlackBerry reveals even more doom
Oct 2 2013, 03:53 ET