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Tag: blackberry

  • Blackberry to Promote Patents for Cell Gadgets in New $900 Million Deal After Sale to Catapult Collapses

    BlackBerry stated on Tuesday it could promote patents, primarily associated to its cell gadgets, for as much as $900 million (roughly Rs. 7,441 crore) after the Canadian software program firm scrapped an earlier cope with Catapult IP Improvements.

    Malikie Improvements will purchase the patents and pay $170 (roughly Rs. 1,405 crore) million in money on deal closing, and one other $30 million (roughly Rs. 248 crore) three years later. BlackBerry will even get annual money royalties from the income generated from the patents, regarding its messaging and wi-fi networking amongst others.

    Malikie is a newly shaped unit of mental property monetization agency Key Patent Improvements.

    Blackberry stated final it was exploring different choices to promote its patents because the deliberate cope with Catapult IP Improvements Inc was taking longer than typical to shut, resulting in a loss in exclusivity.

    “Catapult was unable to safe financing that may have enabled it to finish the beforehand introduced transaction on amended phrases that have been acceptable to BlackBerry,” the Canadian firm stated in an announcement.

    As soon as identified for its telephones with a tiny QWERTY bodily keyboard and the BBM instantaneous messaging service, BlackBerry’s core companies at the moment are cybersecurity and software program utilized by automakers.

    Final , the corporate pulled the plug on service for its smartphones, a fruits of years of market share loss to Apple’s iPhones and rival Android gadgets.

    In February 2022, Blackberry had said it could promote its legacy patents primarily associated to cell gadgets, messaging and wi-fi networking for $600 million (roughly Rs. 4,490 crore) to a particular function automobile shaped to accumulate the corporate’s patent belongings.

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  • BlackBerry Plans to Settle Shareholder Lawsuit Over BlackBerry 10, Avoiding Trial

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    BlackBerry plans to barter a settlement of an eight-year-old lawsuit claiming it defrauded shareholders by overstating demand for its BlackBerry 10.

    In a Wednesday submitting with the US District Courtroom in Manhattan, legal professionals for BlackBerry and the shareholders requested the presiding choose to adjourn the trial so they might negotiate a preliminary settlement, which requires the choose’s approval.

    Jury choice had been scheduled to start on Thursday. Attorneys for the shareholders didn’t instantly reply to requests for remark.

    Whereas the BlackBerry 10 received constructive opinions from critics, the general public most popular Android-based smartphones and Apple’s iPhone, finally resulting in BlackBerry’s 2016 choice to cease making telephones.

    Shareholders accused the Waterloo, Ontario-based firm, which now focuses on cybersecurity, of concealing BlackBerry 10’s true gross sales prospects in public statements throughout 2013, leading to an inflated share value. In February this , BlackBerry mentioned it would sell its legacy patents primarily associated to cell units, messaging, and wi-fi networking for $600 million (roughly Rs. 4,490 crore) to a particular function car shaped to accumulate the corporate’s patent belongings.

    BlackBerry mentioned the transaction with the car, Catapult IP Improvements, is not going to impression prospects’ use of its services or products.

    The transfer comes weeks after BlackBerry pulled the plug on service for its as soon as ubiquitous enterprise smartphones, which have been toted by executives, politicians, and legions of followers within the early 2000s.

    © Thomson Reuters 2022

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  • BlackBerry to Promote Patents Associated to Cell Units, Messaging for $600 Million

    BlackBerry stated on Monday it is going to promote its legacy patents primarily associated to cellular units, messaging and wi-fi networking for $600 million (roughly Rs. 4,490 crore) to a particular objective car shaped to accumulate the corporate’s patent belongings.

    BlackBerry stated the transaction with the car, Catapult IP Improvements, won’t affect clients’ use of its services or products.

    The transfer comes weeks after BlackBerry pulled the plug on service for its as soon as ubiquitous enterprise smartphones, which have been toted by executives, politicians and legions of followers within the early 2000s.

    US-listed shares of BlackBerry have been down 3.6 p.c in premarket buying and selling. One of many so-called “meme shares”, corresponding to GameStop and AMC Leisure, that witnessed a surge in early 2021, BlackBerry rose 41 p.c final .

    On the closing of the deal, the corporate will obtain $450 million (roughly Rs. 3,365 crore) in money and a promissory word for $150 million (roughly Rs. 1,120 crore).

    As soon as identified for its telephones with a tiny QWERTY bodily keyboard and the BBM on the spot messaging service, BlackBerry’s core companies right this moment are cybersecurity and software program utilized by automakers.

    © Thomson Reuters 2022

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  • BlackBerry Pulls Life Assist for As soon as-Indispensable Enterprise Smartphones

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    BlackBerry is pulling the plug on service for its as soon as ubiquitous enterprise smartphones, which have been toted by executives, politicians, and legions of followers within the early 2000s.

    The transfer marks the top of an period because the telephones, which sported a tiny QWERTY bodily keyboard, pioneered push e-mail and the BBM prompt messaging service.

    Former US President Barack Obama, considered one of its most celebrated customers, made headlines in 2016 when he was requested to surrender his BlackBerry and exchange it with an unnamed smartphone.

    Blackberry misplaced favour with customers with the arrival of Apple’s touchscreen iPhone handsets and rival Android gadgets. Lately, the company pivoted to creating cybersecurity software program and embedded working techniques for vehicles.

    Social media was alight with tributes. One Twitter person reminisced it was a “fabulous machine” and hoped the corporate’s telephones can be resurrected.

    In a doc revealed in 2020, the corporate stated it will take steps to decommission legacy companies for BlackBerry 10 and BlackBerry OS working techniques and added gadgets operating on them would now not be supported and should not be capable of obtain or ship information, make telephone calls or ship messages reliably.

    A US choose on Monday rejected the corporate’s bid to dismiss a lawsuit claiming it defrauded shareholders by inflating the success and profitability of smartphones utilizing BlackBerry 10 OS, and stated the class-action case might go to trial this fall.

    © Thomson Reuters 2022

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  • BlackBerry OS Telephones to Cease Working Correctly Beginning January 4

    BlackBerry has already bitten the mud within the smartphone market and misplaced its allure as even its devoted followers are these days maybe utilizing an iPhone or an Android handset. However nonetheless, as some folks may be utilizing a BlackBerry cellphone, the Canadian firm has reiterated that its gadgets will now not be capable of help legacy companies over mobile and Wi-Fi connectivity beginning subsequent week. The corporate initially introduced the transfer in September final however prolonged its service as “an expression of thanks” to its loyal prospects and companions. The replace is notably not relevant to BlackBerry telephones primarily based on the Android working system.

    As of January 4, gadgets primarily based on BlackBerry 7.1 OS and earlier, BlackBerry 10 software program, BlackBerry PlayBook OS 2.1 and earlier variations, will now not be capable of “reliably perform,” the corporate stated in an updated note on its web site.

    Which means there will likely be no assure that BlackBerry telephones on mobile or Wi-Fi connectivity will be capable of enable information entry, make cellphone calls, ship textual content messages, and even the emergency 911 performance.

    It’s not stunning as BlackBerry had misplaced its floor within the early 2010s.

    The Waterloo, Ontario-headquartered firm tried onerous to regain attraction. In 2013, it brought BlackBerry 10 as a substitute of the ageing BlackBerry OS to enchantment to Android and iOS customers. The corporate additionally lastly moved to Android in 2015 and brought BlackBerry Priv as a brand new slider cellphone to tackle the flagships of Apple and Samsung. All that, nevertheless, didn’t assist it achieve any success.

    In 2016, BlackBerry in the end brought licensing partners together with TCL Communication for international markets and Optiemus Infracom in India to retain its model title with third-party gadgets. The licensing companions launched fashions together with BlackBerry KeyOne and Key2.

    Nevertheless, TCL in February 2020 introduced that it will no longer produce BlackBerry telephones. Different model licensees have additionally maintained silence since October 2018 — following the launch of BlackBerry Key2 LE which got here because the final cellphone introduced underneath the model.

    Texas-based startup OnwardMobility in 2020 teased to launch a 5G BlackBerry phone in 2021. That mannequin has not but emerged, although.

    The departure of legacy companies from BlackBerry telephones does not imply that the model BlackBerry is lifeless altogether. The corporate is at present busy creating its safety software program and companies for varied enterprises and governments around the globe.

    BlackBerry as an organization even beat Wall Street estimates for its third-quarter income final week and reported a internet revenue of $74 million (roughly Rs. 551 crore). That was important compared with a lack of $130 million (roughly Rs. 970 crore) a earlier.

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