- Infowars - http://www.infowars.com -

BlackBerry Lost Nearly $1 Billion In 3 Months

Posted By jwilson On September 27, 2013 @ 3:58 pm In Old Infowars Posts Style,Science & Technology | Comments Disabled

Huffington Post
Sept. 27, 2013

BlackBerry said Friday that it is committed to completing a series of major changes quickly after posting a nearly billion-dollar loss and a 45 percent drop in revenue for the second quarter.

“We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure,” Thorsten Heins, the chief executive officer, said in a statement.

“We understand how some of the activities we are going through create uncertainty, but we remain a financially strong company with $2.6 billion in cash and no debt. We are focused on our targeted markets, and are committed to completing our transition quickly in order to establish a more focused and efficient company.”

Read More

Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/blackberry-lost-nearly-1-billion-in-3-months/

Copyright © 2015 Infowars. All rights reserved.