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November 4, 2013 08:54 pm GMT
It looks like BlackBerry's oft-cited transition period isn't over just yet. The company confirmed this morning in a statement that the Fairfax takeover isn't happening and that CEO Thorsten Heins is being dismissed, and BlackBerry shareholders are not taking the news very well. At time of writing the company's stock price is hovering at about $6.90, down over 11 percent from its closing position on Friday -- not exactly a sign of shareholder confidence in the ailing smartphone maker.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gAC7cWMaP8o/
BlackBerry Shares Sink After Ailing Smartphone Maker Reveals Its New Direction
It looks like BlackBerry's oft-cited transition period isn't over just yet. The company confirmed this morning in a statement that the Fairfax takeover isn't happening and that CEO Thorsten Heins is being dismissed, and BlackBerry shareholders are not taking the news very well. At time of writing the company's stock price is hovering at about $6.90, down over 11 percent from its closing position on Friday -- not exactly a sign of shareholder confidence in the ailing smartphone maker.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gAC7cWMaP8o/
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