Wireless News
07-08-2013, 08:40 AM
BlackBerry’s stock took a huge 30% hit after the company posted worse than expected earnings last Friday, and executives will likely face difficult and critical questions on Tuesday at the company’s annual shareholders meeting as a result. John Goldsmith, the deputy head of equities at Montrusco Bolton, which owns more than 1.5 million shares of BlackBerry, told Reuters that he expects “people standing up and making their voices heard,” adding that last week’s results were “a quasi death knell for BlackBerry.” The company is anticipating another operating loss in the current quarter, however chief executive Thorsten Heins believes in time, BlackBerry will succeed. He noted that “this is a year of investment,” and that the company has managed its cash
More... (http://news.yahoo.com/blackberry-faces-critical-questions-going-shareholders-meeting-115517133.html)
More... (http://news.yahoo.com/blackberry-faces-critical-questions-going-shareholders-meeting-115517133.html)