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View Full Version : BlackBerry warns of big loss, 4,500 job cuts; shares dive



Wireless News
09-20-2013, 08:15 PM
http://l3.yimg.com/bt/api/res/1.2/.Ad8Is563GQc7ffbXp6bmw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-09-20T212054Z_2_CBRE98J1HZ600_RTROPTP_2_BLACKBERRY.JP G (http://news.yahoo.com/blackberry-warns-big-loss-4-500-job-cuts-001341656.html)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. ...



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