Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
September 26, 2013 05:59 pm -04

BlackBerry manufacturing partner Jabil Circuit says it's looking at how it will 'wind down the relationship'

The news for BlackBerry is just going from bad to worse these days. The latest development comes from its manufacturing partner Jabil Circuit, which has apparently had enough of the company's troubles and is looking for a way out. Speaking on the company's quarterly earnings call yesterday, Jabil CEO Mark Mondello said that "we are faced with a strong possibility of disengaging with BlackBerry," adding, "our team has worked diligently over the past few days to comprehend the recently announced changes," and that "we're in discussions right now on how we're going to wind down the relationship."

As All Things D notes, BlackBerry is Jabil's second-biggest customer (behind Apple), so this is no doubt not a decision it's taking lightly, but it looks like it's one it intends to move quickly on. Mondello went on to say that while the company is looking for a path that's in the best interest of its shareholders and also "supports the needs of BlackBerry," it plans to "take a restructuring charge, move swiftly and decisively and mitigate the impact to FY '14 as best we can."

Filed under: , ,

Comments

Source: All Things D


Original Link: http://www.engadget.com/2013/09/26/blackberry-manufacturing-partner-jabil-circuit/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget&ncid=

Share this article:    Share on Facebook
View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget