blackberry ltd (BBRY) Key Developments
BlackBerry Limited Unveils Blackberry Leap in Italy, Nigeria and South Africa
Jul 2 15
BlackBerry Limited has announced the availability of BlackBerry Leap smartphone in Italy, Nigeria, and South Africa. Beginning on July 02, 2015, young power professionals who want to get things done and companies looking for enterprise fleet renewals can now purchase BlackBerry Leap through selected carriers and partners. BlackBerry Leap features the latest BlackBerry 10.3.1 operating system, a brilliant edge-to-edge five-inch HD display and more than a full day's battery power. The features of the BlackBerry Leap include: security to maintain privacy, battery that powers through a full day; and best-in-class BlackBerry keyboard; BlackBerry Blend; BlackBerry Assistant and dual app storefronts. Users can feel safe in the knowledge that BlackBerry Leap was designed with the higher standards of security in mind to protect of privacy. It is equipped with support for encryption, plus built-in malware protection and back-up, wipe and restore. All to give control and help secure of data against the next embarrassing and potentially costly cyberattack. With up to 25 hours of heavy use, the BlackBerry Leap will power through even most demanding day. The impressive 2800 mAh battery and optimization of power consumption in BlackBerry 10 gives users more than a full day of productive usage. Users can type faster and more accurately on a touchscreen keyboard that learns how write. With superior error correction, multi-language support, customized adaption and flow, BlackBerry's touchscreen keyboard helps to reduce the mistakes and missteps that can hold back. BlackBerry Blend brings messaging and content that is on BlackBerry smartphone to computer and tablet. Get instant message notifications, read and respond to work and personal email, BBM or text messages, and access documents, calendar, contacts and media in real time on whatever device are on, powered by BlackBerry. BlackBerry Blend works across desktop operating systems, including Mac OS X 10.7 +, Windows 7+ and Android tablets running Android 4.4+ via cellular, USB or Wi-Fi connections. The BlackBerry Assistant is BlackBerry's first digital assistant and can be used with voice and text commands to help users manage work and personal email, contacts, calendar and other native BlackBerry 10 applications. It's the only smartphone assistant on the market that can access both personal and work content in work perimeter. BlackBerry Assistant intelligently determines how to respond to based on how interact with it if type, it responds silently, if speak, it speaks back and if activate over Bluetooth, it speaks back with additional context because it assumes might not have access to the screen. Dual app storefronts are preloaded for access to a huge selection of apps for work and play. BlackBerry World offers essential business and productivity apps for professionals looking to drive efficient communications and collaboration including Box, Evernote, Cisco WebEx Meetings and Documents to Go. Amazon Appstore discovers and downloads popular Android apps and games through the Amazon Appstore including Candy Crush Saga, Pinterest, SoundCloud, Kindle and Amazon Shopping.
BlackBerry Mulls Acquisitions
Jun 24 15
BlackBerry Limited (TSX:BB) is seeking acquisitions. BlackBerry has CAD 3.32 billion in cash and could use it for potential strategic acquisitions to bolster its software division, according to John Chen, Chief Executive Officer of BlackBerry.
BlackBerry Limited and Cisco Enter into Long-Term Patent Cross-Licensing Agreement
Jun 23 15
BlackBerry Limited and Cisco announced that they have entered into a long-term patent cross-licensing agreement covering their respective products and technologies. As part of the cross-licensing agreement, BlackBerry will receive a license fee from Cisco. BlackBerry and Cisco have a long history of technical cooperation and intend to further collaborate under this agreement.
BlackBerry Limited Appoints Laurie Smaldone Alsup to the Board of Directors
Jun 23 15
BlackBerry Limited announced that it has appointed Laurie Smaldone Alsup, M.D., President and Chief Scientific Officer of PharmApprove, to the company's Board of Directors, with effect as of the end of BlackBerry's annual and special shareholder meeting. Dr. Smaldone Alsup will also serve as a member of the audit and risk management committee of the Board of Directors, taking over from current director Claudia Kotchka, who is not standing for re- election at the shareholder meeting. Dr. Smaldone Alsup has 25 years of executive leadership experience in drug development, regulatory strategy, and regulatory approvals in the pharmaceutical and biotechnology industries. She is President and Chief Scientific Officer of PharmApprove, a strategic, regulatory, and scientific communications consultancy to the pharmaceutical and biotech industries in the US, Canada and Europe. She previously served in clinical and regulatory roles of increasing responsibility and scope while at Bristol Myers Squibb, including Senior Vice President of Global Regulatory Science, Vice President of Infectious Diseases Clinical Research, and also as Director of Cancer Clinical Research.
Blackberry Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 30, 2015; Provides Earnings Guidance for the Full Year of 2016
Jun 23 15
BlackBerry Limited reported unaudited consolidated earnings results for the first quarter ended May 30, 2015. For the quarter, the company reported revenue of $658 million against $966 million a year ago. Operating income was $89 million against $20 million a year ago. Income before income tax was $73 million against loss before income taxes of $6 million a year ago. Net income was $68 million against $23 million a year ago. Diluted loss per share was $0.10 against $0.37 a year ago. Net cash provided by operating activities was $134 million against $302 million a year ago. Acquisition of property, plant and equipment was $11 million against $26 million a year ago. Acquisition of intangible assets was $11 million against $142 million a year ago. Adjusted net loss for the first quarter was $28 million, or $0.11 per share. Adjusted loss before income tax was $23 million. Adjusted basic loss per share was $0.05. Positive free cash flow was $123 million in the quarter. Adjusted EBITDA was $157 million, a 5% increase over last year. Non-GAAP operating loss of was $7 million, improving on a non-GAAP operating loss of $41 million a year ago.
The company continues to anticipate positive free cash flow. The company continues to target sustainable non-GAAP profitability some time in fiscal 2016.