Major Exec Shake-Up Rocks RIM As Earnings Fall Short
Research In Motion reported its fourth quarter fiscal earnings today and announced that former CEO Jim Balsillie has resigned from the company's board of directors. "As I complete my retirement from RIM, I'm grateful for this remarkable experience and for the opportunity to have worked with outstanding professionals who helped turn a Canadian idea into a global success," said Jim Balsillie. In addition to Balsillie's departure, David Yach will be retiring from his role as CTO Software, and Jim Rowan, COO, Global Operations, has decided to pursue other interests. The company reported quarterly revenue of $4.2 billion, which was down 19% from the previous quarter, on sales of 11.1 million BlackBerries, which was down 21% from the previous quarter. New CEO Thorsten Heins said, "I have assessed many aspects of RIM's business during my first 10 weeks as CEO. The Company has substantial strengths that can be further leveraged to improve our financial performance. I'm very excited about the prospects for the BlackBerry 10 platform, which is on track for the latter part of calendar 2012. Notwithstanding these strengths and opportunities, the business challenges we face over the next several quarters are significant and I am taking the necessary steps to address them. We are undertaking a comprehensive review of strategic opportunities including partnerships and joint ventures, licensing, and other ways to leverage RIM's assets and maximize value for our stakeholders."
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Google's Motion Stills App Now Available to Android Phones
Jul 20, 2017
Google today made its Motion Stills GIF-making application available to Android handsets for the first time. The app, first released last year, has until now been reserved for the iPhone.
Samsung Galaxy S9 and S9+ Offer Refined Hardware, Improved Camera, AR Emoji
Feb 25, 2018
Samsung today announced the Galaxy S9 and S9+ phones, updates to last year's S8 models. The devices bear a striking resemblance to their predecessors and make only modest changes to the hardware.
LG's Mobile Business Gets a New CEO
Nov 30, 2017
LG today announced a handful of changes to its leadership that the company hopes will lead to stronger performance of its mobile phone business. The company named Hwang Jeong-hwan as president and CEO of LG Mobile Communications.
Sprint Shuffles Executive Deck, Plans New Office Environment
Nov 21, 2017
Sprint is adjusting its top ranks in an effort to streamline its management structure, according to an internal memo obtained by Fierce Wireless. To start, a number of executives are departing the company, including COO GÃ¼nther Ottendorfer, who's been behind a lot of Sprint's network advancements.
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