WATERLOO, ON, Feb. 15, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced the full repayment of all principal and interest amounts outstanding under its 1.75% extendable convertible unsecured debentures due on February 15, 2024. About BlackBerry BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company's software powers over 235M vehicles. Based in Waterloo, Ontario, the company leverages AI and ma ...

MUNICH, Feb. 14, 2024 /PRNewswire/ -- BlackBerry Limited today announced it is the first vendor to be cleared by the German Federal Office for Information Security, BSI, certification program for the use of BlackBerry® Unified Endpoint Management (UEM) for mobile device management (MDM) on Apple® iNDIGO (iOS Native Devices in Government Operations) devices. This enables government organizations to commence implementation of Apple iNDIGO projects to secure government data on employee iOS® devices. The BSI ha ...

BlackBerry (NYSE:BB) is the latest tech company to announce job cuts. Yesterday, the smartphone pioneer turned software maker reported that it will be laying off more staff members. The decision is part of its plan to become profitable after a disappointing year. The company hasn’t confirmed how many workers will be laid off yet. However, according to reports, its cybersecurity business will be the most impacted. So far, news of the looming BlackBerry layoffs hasn’t boosted BB stock, which is down 3% today. ...

BlackBerry Ltd. said Monday that it plans to cut more jobs in its cybersecurity business as part of the company’s push toward profitability. The cuts are a major piece of BlackBerry’s BB, +0.36% ongoing plans to separate its Internet of Things and cybersecurity businesses as standalone divisions and reduce annual costs by about $50 million. The actions are largely focused on the cybersecurity business and approximately 200 layoffs that will generate annual savings of around $27 million. As part of the ...

Significant steps taken towards positive cashflow Company is targeting $100 million of annualized net profit improvements, through a combination of cost reductions and margin expansion. This is in addition to $50 million of annualized cost saving actions disclosed in prior quarter Actions to achieve approximately $55 million of the $100 million annualized target have been identified and are being implemented in the current quarter Company continues to expect sequential improvements to operating cash flow u ...

WATERLOO, ON, Feb. 9, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced its participation at the following investor conferences: Wolfe Research Global Auto and Auto Tech Conference – Thursday, February 15, 2024, at 2:15pm ETJohn Wall, Senior Vice President and Head of BlackBerry QNX and Tim Foote, Chief Financial Officer, Cybersecurity Business Unit and Head of Investor Relations, will join Shreyas Patil, Wolfe Research, for a fireside chat. Register here for the live video stream. ...

Director Prem Watsa to resign from BoardWATERLOO, ON, Feb. 8, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced today that it has appointed IoT technology veteran Philip Brace to its board of directors, effective February 8, 2024.  Mr. Brace will serve as a member of the Compensation, Nomination and Governance Committee of the Board. "We are delighted to welcome Phil to the BlackBerry board," said Dick Lynch, Board Chair. "Phil brings deep business acumen and a wealth of relevant experie ...

While meme stocks continue to exist, their heyday appears behind us. Many of the best-known meme stocks that ran up the most in 2021 at the peak of the last market frenzy are now a pale shadow of their former selves. They’re trading at a fraction of the price they were at when retail investors executed a coordinated short squeeze on the securities. Several meme stocks trading north of $100 per share are now penny stocks. Some have lost 99% of their value. It’s a sad outcome that resulted when the investors ...

BlackBerry (BB 1.71%), a tech and telecom stock with quite an up-and-down history, was trading in one of its valleys over the past few days. According to data compiled by S&P Global Market Intelligence, the Canadian company's share price had eroded by 13% week to date as of Friday early morning. Much of the decline occurred on Wednesday, when the company announced a new financing measure.$175 million worth of convertible senior notes soldBlackBerry revealed that day that it is floating $175 million worth of ...

WATERLOO, Ontario, Jan. 24, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) ("BlackBerry") announced today the pricing of its private offering of $175 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029 (the "notes") at an approximately 32.50% conversion premium to the closing share price of $2.93 on The New York Stock Exchange on January 24, 2024. The notes were offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule ...