Thorsten Heins

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BlackBerry Dumps Plan to Sell, CEO

New direction involves raising $1B from investors

(Newser) - BlackBerry pulled the rug out from under customers today, announcing that it was ditching its plan to sell itself to Fairfax Financial Holdings —and CEO Thorsten Heins along with it, the Wall Street Journal reports. Today was supposed to be the day BlackBerry "firmed up" the Fairfax deal... More »

BlackBerry Maker Posts Huge Loss, Delays New Phone

RIM slashing 5K jobs as 'death spiral' continues

(Newser) - BlackBerry maker Research In Motion's freefall is continuing. The Canadian company's shares plunged 15% after it posted a $518 million third-quarter loss and announced that its new BlackBerry 10 smartphone had been delayed until next year, reports the Wall Street Journal . The company says it is cutting 5,... More »

BlackBerry Maker In Freefall

RIM warns that it's going to lose money again this quarter

(Newser) - Research in Motion shares plummeted almost 8% in pre-market trading today, after the BlackBerry maker warned that it would lose money for the second straight quarter thanks to ever-dwindling sales. Analysts had been slashing their estimates on BlackBerry, but all assumed it would at least be profitable, the Wall Street ... More »

RIM's Co-CEOs Step Down

Balsillie, Lazaridis insist it had nothing to do with investor pressure

(Newser) - A big shuffle at Research in Motion last night, as Jim Balsillie and Mike Lazaridis—who have served together as co-CEOs for two decades—stepped down, turning over the top position at the struggling company to former chief operating officer Thorsten Heins. Balsillie and Lazaridis also gave up their co-chairmanship,... More »

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