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BYIAIB'm open an exciting new private BlackBerry â€"- there will be some ChronicleSlatf chapter for BlackBerry, its cus- impact, and there certainly will be . tomers, carriers and employees," some impact locally~ - ' ladtBen'y says it is too catty to said Fairfax chairman and CEO The company plans to provide say how many low] employees Prem Watsa, a former member of more information on the fiscal will be impacted by the BlackBeny's board of directors. in outlook of the company this corporateâ€"wide restructuring a statement. Friday. Macleod said the company announcedlastweelc “We can deliver immediate still has$2.6 billioninthebankno 7_ On Friday. the Waterloo-based value to shareholders, while we debt. more than 72 million cus' ' ' tech company announced it would continue the execution of a long- tomers worldwide and 650 carrier be laying off about 4,500 employ~ term strategy in a private company partners ees â€" or 40 per cent of its global with a focus on delivering superior ”That's a pretty enviable posi- workforce ~ to lessen the impact and secure enterprise solutions to tion that i think a lot of Canadian ‘ of an operating loss of between BlackBerry customers around the companies would like to bein,‘ be $950 and $995 million in its fiscal world." said. Macleod could not comment second quarter. The cuts will occur on the ongoing talks of the compa- over the next nine months. a , - ~ ny going private. or the rumours “it's a significant number and _IIS a little bit garb, that Research in Motion founder our focus right now is to manage In the prams fight Mike Lazaridis may be preparing a this process with dignity and ~ purchase bid for his former respect for the people involved." now to_get "“0 the company. said Andrew MacLeod. managing spectfics OfIh? BlackBerry will also reduce its . ‘ director for Blackberry Canada. in - number of mobile phone options 3'” an interview Monday. "it's a little impact here "a the from six to four, and focus more on :1; bit early in the process right now to 10601 area. its business users rather than the - . get into the specifics of the impact ultra-competitive consumer here to the local area " hi mgr-CW smanphone market. On Monday, the company also 81" ”“8"“: interwar local leaders have come out in confirmed it has signed a letter of {km , :2 support of the embattled tech intent agreement With a consorv ”$5sz company (Iity of Waterloo Mayor tium led by Fairfax Financial Hold ' W Brenda llalloran believes ings limited looking to acquu'e the Blackberry can recover and the company. Watsa stepped down from employees who are impacted by Under the proposed deal. illackBerry‘s board in August. the layoffs will find new jobs Blackberry shareholders would Reports of BlackBerry's latest within the region's tech sector. receive $9 U h for each share in round of job cuts were first leaked “There are going to be impacts the company. a transaction worth to the Wall Street lournal last here. but we really don't know how an estimated $4 7' hllllon. Fairfax. Wednesday, the same day the many,‘ said llalloran on Monday. which already owns 10 per cent of company announced the launch 'What we have found over the past - BIackberry's common shares, of its latest phone. the 730. The year is the community, not only ' . would purchase all outstanding device includes a five-inch touch within the tech sector but other gngnkmwmmmmmg-VWW shares in Blackberry scren. stereo speakers and a sectors. is they appear to be willbflWbytheestknated 4,5mlayofhthecompuvymnounced The consortium has six weeks I Trgt'gahcrtz procuom. absorbing a lot ofthe skilled and lastweek, ”mm-w” to conduct due diligence, during BlackBerry confirmed the job talented people that HIackBerry Whlt‘h time Blackberry is free to cuts and latest quarterly loss two are repositioning back into the help former employees of what comingout ofthetech industrv explore better offers. Trading of days later, and Macleod said every workforce.” was then Research In Motion after She highlighted the rm em HiarkBerry shares was briefly halt level of employment will be Halloran said some estimates the company shed about 5.000 success of companies like ()pen ed when the announcement was impacted Following the restruc» suggest there are upwards of MIX) jobs last August. Text. Desireme and Kik lint-r made Monday, but resumed by turing, the company anticipates it yobs in the local tech sector availe The mayor also said while active. and the recent news that early afternoon. Shares hovered will have 7.000 employees able. and that the city would much negative attention has been Mner co-founder lack Dom-i I\ around the 59 mark on the Toronto 'I think it's fair to say all facets 'abaolutely' help find new yobs for focused on BlackBerry. it over looking to set up shop Ill rm Stock Exchange Tuesday morning. of the company ‘ all divisions and those that are laid off. similar to shadows the region‘s resiliency and region with his new rumour. "We believe this transaction will all levels of people inside the job centre housed at city hall to many of the good-news stories Square. ' Ex ' " "" -' ' a ems. , WIT.» - ' BookmEyeExantllwdiusmdyouwim Stilllln - for Fin-1mm $95 ”memo” O or , Glam-Sunglasses orFreefintl-GlaieScratdi “mm;' 0 Soft Contact Lenses “m" MN “I 31 men Hm in WS‘ "'3"? ' ' - m w . a the. SATURDAY EYE EXAMS AVAILABLE with... 7510-7414233