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

l e um i iti or t t:iiitoNi(;i.i: . Wednesday, lune :5, :01 l - 5 BlackBerry turnaround plan showing positive signs BY lAMt-‘s lMIKSON investors he was pleased with the results, had to spend last quarter. The corripany is As part of its turnaround the company . V('llril“Ith:lt’$lufl' but said more work needs to he done. He targeting to break even by the end of the has shifted its focus away from the con also reminded the world that the improve 2015 fiscal year. sumer riiarket and back to the business and he turnaround plan implemented by ment has come on the backs of employees Shareholders who attended the meeting executive market. I (lit) lohn (Ihen appears to be work- laid offin recent years. seemed buoyed by the good news and many He discussed the planned rollout of the ing for BlackBerry as the company last year the company announced up to, thanked (Ihen for helping to engineer the new Blackberry Passport, described as a announced it turned a small profit last 4,500 employees would be cut. More thati company's turnaround. ()ne asked (Eben cross between a tablet and a smartphone quarter. l,lOOofthose have been lost locally. what he was doing to help turn around the with a keyboard and a larger screen set to [it first quarter results released last Thurs “Of course, this is the very beginning of negative perceptions surrounding the launch in Europe in September. day, the company outperformed analyst our task," said (Eben. who took over as (Ili() . brand, saying retailers have talked friends The company is also setting its sights on expectations and revealed several product seven months ago and tasked with restrucr and relatives out of buying HIackBerry Project lon, targeting the burgeoning "Inter rollouts planned for the coming year. turing the company to bring it back to prof devices. net of 'lhings” â€" a concept that will lead to Financial results ending May Ill, 2014 (all italiility. “This is not easy, we've had to make (lhen said his main focus has been getv interconnected devices ranging from cars iii U 8. dollars) included: a lot of sacrifices and this affects our good ting the company's financial house in order and dishwashers to fridges and lighting in 0 Net profit of$21l million. compared to a employees," before changing the tide of negativity your home. loss of $84 million a year ago. the company continued to burn through “Changing perceptions could be difficult," ”lhis will be a huge trend in five years," 0 A cash and investment balance oi $1 | some of its cash reserves last quarter The he said. Chen said. “We wouldn't want to miss it." billion. up from $2.7 billion last quarter $479 million the company added to its cash ' 0 A reduction iti operating expenses by '37 and investment balance was largely the percent yearover year, result of a $397 million tax rclnnd and the I!“ ‘ 1 a; ’ . _ - _. . . 0 Revenue of $966 million. down lrom $287 millionit made frorn real estate sales. '7‘ fl ‘9'} "7 v'l" if, .- A. g ‘ ‘. .uu,.-~-1 »:.;r..-‘. ‘3'; ‘9' $976 million last quarter lri total, the company used $255 million " ' g “,5": fl 2%? if? fie "5.7 {is}. h During the animal stakeholder general iii the lust quarter still a significant it! %:’ j£5} 3'“ 1.3-" :5 k "'7” meeting in Waterloo last week, ( hen told decrease trom the $784 iiitllioti thecompany . r, _ e} 9:" figwsf 1 ' "‘3 . . :7” '2‘ w t 1 R . . 1 t . ..-.- ,. ~ ° g t h ld ' ' HVMHJssA Mtlluuv "ll-ts st-i- ll we t an right ext ess oi $500 million on o G'GAN'IC Iot/hcthronulr tlils ship" expanding the airport to Hot (out) lloh .it toiiitiiodtite more than he Region ol Waterloo Deutschnitinu didtit see the tillt‘ rtiillioti passengers each I is putting airport urgt'un teat Ilia! optioti included a expansion plans on "We haw been bleeding new .ilrport terminal and hold as the ”It outing mas lot .i while but we shouldn‘t tritium expansions ti~t plan will llN us on man be running oil saxmg the sky [luring twt piihlit mlor int/mg the roosting Ln ll|l\ s vs falling We have to do it in mation sessions the region \llfll'lll tdpdtll) .i proper business pron-s received 186 written torn Regional council ri-i l'l\(‘tl slittial manner We doiit merits and 45 per ( ent ol res . .iii update from proteit team ltl't‘tl to he rushing oil like idents favoured no t-xpaii A" disp'w MI ‘0'”! (“In N m'“‘ member lefl \t helltng at last then- is an emergent y We sioti of the airport, while 38 W week's pulilu workstoiimitt tllllll hate an emergent \ .it per (cut indicated .i prefer « ”on. w teem w CY 0' ti-e meetin s and a ) lilHQ‘Il the air tort " he said cute for moderate growth 0‘" gm strilf's H'l(filllllt‘lltltlllltllx ioliand l dilletou that] Alltiithfitmti-ntottom K, m P “‘1", nhit it must he r.lllllt‘tl .it llll‘ mid ( nun hm \\ ltll‘lllilll inents were about lNIlV‘ and Wm "an M". wmd, ll’):ltllt\ ttt'il I mutt ll Hll‘l'lllt)‘ .iiltlttiii lllt' tt'tjiuti may not tit.ttt\ referred to tittisi' ltttttl Hula. han- the will lot H't rotting llH' Nohnot flight to llallm p.03 m 0M alumina I‘m Hid 1h. . 'wtola'tnt ltltllllHl‘t-tl ’lltfl‘l\illl(ll)ll\l Island . - trout: '1. twin t. 'wv tit: 'it'\sl“ llwtirniugoltht master ‘ ”dmmmm’ Wm ill,t‘~ll t pt ‘1 tttt lllllt ‘l".tlilti_ twin wu-v-tl liill‘lll], who plariioiiu tiled tstll‘ thr trait ' t ttl ll 'n v' .t tilthtmt .i. \ll\ or 'Siv ittinitts .ll'llllltltl til \lllllltll flight-3 ll.ll‘l 'tll|«'\ f ”flu ' "n lll;lltt'.1l‘l t 'n .1. was: utllllltlllt‘f noted .i wet-h tun! lit. up”. ”tights T i ;-t.t' tn' t'tt t3 't' it 'Im m .. mm mm " t- tlllll‘llll\ opi't angered mt It“~tilt’ltl\ llll‘ ‘ Q m '1 ’lu =» titlx tltwtgtmttfl v' r my; Mutiny ll\ and flight not .\ u 'i‘tgi-t! in “l l tlklilll‘t” ti't.iti-tllti|si "‘l'\.\.ttl' "« my“; "l‘tl1*~ tltitti' u tinttt‘ em 1.” . .‘. , ; . .: mes .lI '.'t~ littlll1\\v'\l tut ' . “ -... ‘w' " -\« t' ‘u i... w' ”iv a . , ‘t I L A. wt at lllt .u'p‘tt' p1tttttttil\ .',. m ,ltll‘l “3“" rt. -‘ tiltllil.t=ll'~ , g N litit'»\.|tt-tlmr< mitt Mar W: I ';N‘" iklii'tlu' Hutu llir Illfl'dltl1'I‘>.ll"lll‘L"lIQ‘ til '. "l «villain! .so'mf togotn l3l|ll' M 't-H-‘tglt m» Mutt wt t,';~.vt was li.itttiw*vv1't~. 'li!’ "tit and it .’ Howard - out tmtt ‘t\ then t is Mi.” tl‘tll4t\ll\l(‘ml‘ll' ‘1l'H" this . . ’ mm to» out.” .- ., t. a a. ~l 1 ~ or m. Keatsh- Hurry in for best “lect'on, It 5 ' vity ,. i" ‘. \tltttJ t,. H n: 't'.« 3" ‘ t4»: ”z" utttiltlnt hr “(tutu 1"|L:l\l u' itt'tt' : 1' “wow ' 't tytt'x. .v .s t. " NH llll' ”your ' ‘ll'AAC - 't mum “‘w ..t v; Mr V do t'tt‘RlHlifillM anti-t" Ail msr ' to “MPH Wm" t it -t- . A .3 ”o .".'t tr,“ iluui',‘llllllti4xu‘gt"»"is m . . o ..i,.' “at... ”at. -,,A comma“ - 'li\.ttill .3-4' ttrmntuj't ll - .\|l'tt' ~'-;t«" Nut Hm, ‘ , '. U vml' 'tIi.lt1 HM \l-ll“"\'vl'l.l'l vi. I’:”M'l 't-t.:-, i.tl't»'i 94" '. - ‘t‘w'i an 'll’t.‘ t’ i Atvttt'tt'vl-‘v 4‘“ i' Murmur ~".IV'1'~! up -.-.t.»‘ ‘o \«I‘tl {'l‘l'h‘ .. ll tusv‘ttgik .s'p‘”? ':""u‘l 'u"-r 'm'y-r‘ (l Nliittt»' ‘Isl'g"v‘l"t -‘-t lr tn' t’mt" ._ a \‘t".t4’~3' . «‘"t‘l' . " ‘ . ' ' A ‘:tlil't15tL .,-t...1 my.“ "at owl“ 't41\:|1'~ll" r. . “s ‘ -<' A.” . ‘.3.'~yv.-‘ tn .tw. i.t‘l« "q"1YlIl/l7 “r at“ .‘S " .. "r [Ange .. ‘ .s- hm! lV'JYIHV u "k: wt pr: . u». «my ‘ A by 4 .. ‘n. to" um! . i own ‘t,ll|l" y» . ‘mt lMlen-t.‘ E'IM'l tyne “1 . r; ' .n‘ h .. .,, V». "'-l"lr‘""""‘l u"' . .'v > an -, , ,'.‘ . ‘ .1... ‘ ' INN