BlackBerry Limited (NYSE:BB) Wolfe Research Global Auto and Auto Tech Conference February 15, 2024 2:15 PM ET Company Participants John Wall - SVP and Co-Head, BlackBerry Technology Solutions Tim Foote - Head of IR Conference Call Participants Shreyas Patil - Wolfe Research Shreyas Patil Yes, BlackBerry here. So just - so BlackBerry $624 million company founded in 1980s and it has become a leading intelligence security software and service provider to businesses all around the world. Our focus today is goin ...

BlackBerry Limited (NYSE:BB) Wolfe Research Global Auto and Auto Tech Conference February 15, 2024 2:15 PM ET Company Participants John Wall - SVP and Co-Head, BlackBerry Technology Solutions Tim Foote - Head of IR Conference Call Participants Shreyas Patil - Wolfe Research Shreyas Patil Yes, BlackBerry here. So just - so BlackBerry $624 million company founded in 1980s and it has become a leading intelligence security software and service provider to businesses all around the world. Our focus today is goin ...

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 ...

Core Insights - BlackBerry is implementing job cuts as part of its strategy to achieve profitability after a challenging year, with the cybersecurity division expected to be the most affected [1][2] - The company has previously laid off 200 workers in the last quarter, primarily from its cybersecurity division, and is now planning further layoffs as it separates its Internet of Things (IoT) and cybersecurity businesses into standalone divisions [2] - The layoffs are projected to generate annualized savings of approximately $27 million, alongside an additional $8 million from other cost-saving measures, contributing to a total expected reduction in operating costs of up to $50 million [2] Financial Performance - BlackBerry's stock has been underperforming, recently hitting a multi-year low after the announcement of $160 million in convertible senior notes, indicating ongoing financial struggles [3] - The company faces significant challenges due to rising competition and a difficult economic environment, which complicates its path to recovery despite the cost-cutting measures [3] Future Outlook - There is skepticism regarding whether the job cuts will lead to meaningful growth for BlackBerry, as the company has struggled to regain momentum in recent months [1][3] - The separation of its IoT and cybersecurity businesses is seen as a critical move, but the effectiveness of this strategy in driving future growth remains uncertain [2][3]

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 ...