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BlackBerry warns of big loss, 4,500 job cuts; shares dive

By Euan Rocha TORONTO (Reuters) – BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company’s demise and sending its shares into a tailspin. The company, which has struggled to claw back market share from the likes of Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy phones, said it expects to report a net operating loss of between $950 million and $995 million in the quarter ended August 31, due to writedowns and other factors.

Quoted from BlackBerry warns of big loss, 4,500 job cuts; shares dive on Gadgets News Headlines – Yahoo! News

BlackBerry Security Exec Warns of Smartphone DDoS Attacks Research In Motion's VP of BlackBerry Security says he's concerned that online miscreants could increasingly target BlackBerry devices and BlackBerry-maker Research In Motion (RIM) yesterday issued two separate security advisories warning both BlackBerry smartphone users and corporate BlackBerry Enterprise Server (BES) administrators du disruption to service Routine maintenance may impact service on Sunday morning, du . by Mark Sutton August 31, 2012 Tags: warns, disruption, blackberry, service, RIM warns of BlackBerry browser, RIM browser, BES vulnerabilities -maker Research In Motion (RIM) yesterday issued two separate security advisories warning both smartphone users and said it will report a loss nearly $1 billion for the second quarter and slash 40% its global work force. (BBRY) were halted at about 3:30 p.m. ET and

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