YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
BlackBerry Ltd. on Monday announced it has jettisoned its plans to sell itself and instead will turn to shareholders and investors for the $1 billion it hopes will turn around its flagging market presence.
As reported by Reuters, BlackBerry CEO Thorsten Heins will in two weeks leave the struggling company that once dominated the telecommunications industry. John Chen, former CEO of Sybase, will serve as BlackBerry’s interim CEO.
The company’s stock fell 19 percent on Monday, a possible indication that the markets are not impressed with BlackBerry’s most recent restructuring strategy.
Read more from Reuters.
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