Mike Lazaridis News
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HTC Corp. President Peter Chou called his latest smartphone One. As sales slide and market share shrinks, that name may represent the number of chances he has left to turn the company around.
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Mike Lazaridis, inventor of the BlackBerry smartphone, is starting a C$100 million ($97 million) quantum technology fund that’s aiming to turn devices like the medical tricorder from “Star Trek” into reality.
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BlackBerry, which is attempting a comeback with a new lineup of smartphones, reported a surprise profit in the fourth quarter after embarking on a cost-cutting program last year, even as sales continued to trail projections.
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BlackBerry shares gained 4.6 percent after Paradigm Capital Inc. raised its rating on the stock to “speculative buy,” saying rumors of the smartphone maker’s demise have been “greatly exaggerated.”
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Mike Lazaridis, whose invention of the BlackBerry smartphone more than a decade ago redefined the way people send e-mail, is drawing inspiration from the early days of computing for his next act.
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Jim Balsillie, Research In Motion Ltd.’s co-chief executive officer until January of 2012, cut his last formal ties to a company he helped build for two decades when he reported yesterday that he no longer holds a stake.
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Jim Balsillie, Research In Motion Ltd.’s co-chief executive officer until January of last year, cut his last formal ties to a company he helped found 20 years ago when he reported yesterday that he no longer holds a stake.
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As recently as five weeks ago, Jim Balsillie, who helped build Research In Motion Ltd. into Canada’s biggest company by market value, was showing no signs that he was about to step aside as investors pushed for management changes at the BlackBerry maker.
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Research In Motion Ltd.’s management changes don’t go far enough in ensuring a turnaround, said Vic Alboini, a RIM shareholder who has been pushing for a sale of the BlackBerry maker.
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Research In Motion Ltd.’s Thorsten Heins got off to a rocky start to his tenure as the BlackBerry maker’s chief executive officer.
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