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Sprint Nextel abandoned plans to sell a 4G version of the BlackBerry's PlayBook, meaning the 4G tablet currently isn't supported by any of the three largest U.S. wireless carriers.
BlackBerry maker Research In Motion Ltd. is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives....
With many wireless carriers feeling threatened by the growing prominence of Apple and Google, those companies’ success could provide the foundation of Research in Motion’s recovery.
Research in Motion announced last week that cost cutting efforts will include layoffs following a sluggish start to the year and continued new product delays. Shares sold off sharply as investors bailed on lowered guidance and delayed new Blackberry launch.
Research in Motion has lost another senior marketing executive as it struggles with a product transition that has triggered profit warnings and a sharp share-price drop.
BlackBerry maker Research In Motion recalled about 1,000 of its PlayBook tablets that were shipped with faulty operating systems, which may have prevented users from performing the device's initial setup.
Research In Motion shares were sharply lower Friday, after the company issued a steep first-quarter earnings warning late Thursday, heightening fears that the BlackBerry maker is buckling amid competition from Apple and Google.
Research In Motion's PlayBook went on sale in the United States and Canada on Tuesday in a launch the company hopes will win customers away from Apple's dominant iPad tablet computer.