BlackBerry Reports Fourth Quarter and Year-End Results for Fiscal 2014

BlackBerry Reports Fiscal Fourth Quarter Adjusted Loss Per Share of $0.08 vs. $0.67 in Previous Quarter

BlackBerry Limited (BBRY)(BB.TO), a global leader in mobile communications, today reported financial results for the three months and fiscal year ended March 1, 2014 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q4 Highlights:

  • Cash and investments balance of $2.7B at the end of the fiscal fourth quarter
  • Adjusted Q4 gross margin of 43%, up from 34% in the prior quarter
  • Channel inventory down 30% from the prior quarter
  • Reduced adjusted operating expenses by approximately 51% from Q1FY14
  • Revenue for the fourth quarter of approximately $976 million
Read more: BlackBerry Limited ( BB / BBRY )

In the wake of a University of Ottawa study released this week that suggests Nortel was brought down by a “culture of arrogance”, Canadian businesses have much to learn from the largest corporate bankruptcy in Canadian history.

The three-year study, which is based on 343 surveys and 133 interviews involving Nortel leaders, competitors, consultants and other stakeholders, is the most comprehensive to-date of Nortel, which entered bankruptcy in 2009 after a nearly two-decade run that saw it grow into a global telecom giant before being undone by a series of compounding decision-making failures.

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 9th December 2010 - Research just published claims to show that users of Google Android smartphones - including handsets from HTC and Samsung - are threatening to clog up the cellular phone networks.

 According to Dan Joe Barry from Napatech, the network acceleration specialist, the report from Arieso is another example of how the adoption of smartphones - as well as the even larger amounts of data generated by laptops - is placing a strain on mobile infrastructures.

 

The problem for mobile carriers, he explained, is a complex one, as they seek to balance revenues against the large capex - and ongoing opex - that their expanding 3G and 3.5G cellular networks engender.

Read more: Mobile operators need right strategy to cope with smartphone strain

LONDON, UK November 11, 2010 – Movirtu, the Cloud Phone™ company and supplier of innovative network infrastructure solutions for mobile operators servicing rural poor communities located in Africa and South Asia, today announced it has raised US$5.5 million Series A investment to support its international expansion and extend its product portfolio to high growth applications for developed markets. The investment was led by TLcom Capital LLP with the participation of existing investor Gray Ghost™ DOEN Social Ventures Coöperatief, U.A. TLcom Capital’s Managing Partner, Maurizio Caio, has been appointed to Movirtu's Board of Directors.

Read more: Movirtu Raises $5.5 Million

 London, 29th September 2010 - Reports are being released that French police have arrested a ring of mobile phone hackers involved in fraud worth millions of Euros. Nine people have been arrested, including employees of mobile phone companies.

 The French fraudsters were buying codes to unlock victims’ SIM cards for €3 from employees of mobile phone companies who had access to the companies’ databases. They then sold the codes online for €30. Using these codes hackers could access any SIM card – even overseas SIMs – with their own mobile phones.

 

According to Amichai Shulman, CTO of data security specialist Imperva, “The employees did not hack into the database; it was an internal attack where they abused normal functionality and privileges granted to them.  This was probably a case of over privileged users as these employees probably should not have been granted access to that data in the first place.

Read more: Imperva CTO says French Mobile insider fraud could have been avoided