The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

r 4 - WArEnioo CHRONICLE - Thursday. December 26. 2013 BlackBerry posts big loss as it continues recovery pl BY JAMES “claims The hope is to get products to they use the application daily. and W- Chronicle Sta/7 g market quicker by partnering with he said there continues to be good l-‘oxconn, and the goal is to have a penetration into Android and he bad news continued for new mobile device on the market Apple smartphone markets with ' Blackberry on Friday as the in developing markets like lndone~ BBM. ' tech company announced sia by early 2014. Chen also said he’s been in con» its third quarter results. “We now have somebody to tact with Verizon. AT&T and Voda- Revenue fell nearly 25 per cent manage cost and provide faster fone to discuss future partner- . tompared to the previous quarter turnaround for hardware design." ships. to about $1.2 billion. and the com~ said Chen. He added he hopes the Investors seemed to like the pany posted a $4.4 billion loss company never has to discuss news as BlackBerrystockenjoyeda overall. including a $l.6 billion inventory write»downs again as rebound on Friday. Stocks rose by inventory write-down. it was a sig- pan of this new deal. and predicts about 16 per cent to close at $7.74 ' nificant increase compared to the the company will return to profâ€" on the Toronto Stock Exchange up $965 million in losses it reported in itability in 2016. from $6.67 earlier in the day. the second quarter. During the last quarter, about On Friday, the University of 1 Earlier this year the company 43 million BlackBerry smart- Waterloo and BlackBerry also 3‘. reported it will lay off 4,500 phones were sold but the majority announced a deal that will see UW employees â€" or 40 per cent of its (3.2 million) were BlackBerry 7 purchase five buildings and some global workforce â€" as it restrucâ€" devices,-not the 210 that was property in the northeast comer of totes launched last year in the hope of the school's main campus in a deal , In a conference call with tumingthecompanyaround. with $41 million. ‘ a reporters and investors Friday. Chen continued to highlight the The deal. which closes Feb. 14, r r new company (Il-IO John Chen corporate assets BlackBerry still will see the university occupy ., remained upbeat as he discussed retains. including its portfolio of BlackBerry 1. 3 and 16 while the ; the losses and the company’s plans patents, as well as $3.2 billion in school will lease Blackberry 2 and t. moving forward. cash â€" an increase over the 52.6 4 back to BlackBerry for up to five - The cornerstone of that plan billion the company reported last years. The deal will add 300.000 includes refocusing the company quarter. square feet of space to UW and ' on its enterprise user base (busi- “i will be the first one to tell you more than 1.000 parking spots. . â€" nesses and govemments) and out- the cash position we have today “Space is our biggest constraint, sourcing hardware development to will definitely allow us to engineer so the opportunity to get space ' l-‘oxconn Technology group. a Tai- our tumaround," Chen said. that is essentially on our campus . ‘ ' - wanese manufacturer that has The company’s base users con- was one that we couldn‘t let slip partnered with other big players in tinue to be loyal customers. Chen by.” said Tim lackson, viceâ€"presi- . "‘ ‘ " the mobile market. including added. with 60per cent of Black- dent. university relations. in a BlackBenyannwncedauAbillionlossintheIast quarter andthe sale of Apple and Sony. Berry Messenger users reponing press release. some of its local real estate to the University of Waterloo last Friday. . MU M)" BOXING WEEK . _, ' J . I_V‘ ‘ «‘an'” .4 -â€"J “ . . ii at “' "z . i __ f l O . . -_> ’ _ ,: Ar. , J» 1"." .-“ ' a ’7' '5; v . _ _\ ’ ’ ’ g i ' Everything in the store i t f ‘ ENDS JANUARY 4TH ; ‘ ' ‘1 BATE’S MAYTAG . ' ‘\ ~~ : -‘ , 1. ' \-â€"â€"~ """"“'-- 1 HOME APPLIANCE CENTRE ’ I“ 30 Columbia St. E. Waterloo . «w ~ 519-888-7204 ! i . i' a a: r l