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BlackBerry Limited (formerly Research In Motion or RIM for short) is a Canadian software company specializing in cybersecurity. Founded in 1984, it developed the BlackBerry brand of interactive pagers, smartphones, and tablets. The company transitioned to providing software and services and holds critical software application patents.
RIM co-founder Mike Lazaridis, employee Chris Shaw and co-founder Doug Fregin display the Budgie, the company’s first product, at Fairview Park Mall in Kitchener, Ontario, 1984. [ 1 ] Doug Fregin is a Canadian entrepreneur and engineer.
One of the company's first achievements was the development of barcode technology for film. RIM plowed the profits from that into wireless data transmission research, eventually leading to the introduction of the BlackBerry wireless mobile device in 1999, and its better-known version in 2002.
Instead, the BlackBerry plans to replace its CEO, as well as attempt to raise The Canadian smartphone maker announced this morning it wouldn't be selling itself. BlackBerry's Judgment Day
At the end of 2011, Balsillie was the third largest shareholder of the company, holding 5.1% of the outstanding shares. [6] But that June, BlackBerry cut 2,000 employees, or 11% of its global workforce, and the joint CEOs reduced their pay to $1. The share value had tumbled from $137.41 in 2008 to $14.80 at the end of 2011.
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Chris Ratcliffe/Bloomberg via Getty Images By Kukil Bora After BlackBerry announced last month that it would slash 40 percent of its workforce, Apple reportedly has begun snapping up the ...
It was loosely adapted from Jacquie McNish and Sean Silcoff's book Losing the Signal: The Untold Story Behind the Extraordinary Rise and Spectacular Fall of BlackBerry. [5] [6] The film is a dramatized account of the history of the BlackBerry line of mobile phones created by co-founders Douglas Fregin and Mike Lazaridis, and investor Jim ...