BlackBerry holds off on earnings call due to letter of intent to sell
Posted by: Timothy Tibbetts on 09/26/2013 07:37 AM [ Comments ]
BlackBerry on Wednesday said that it will not hold this week’s earnings call.
“In light of the letter of intent agreement between BlackBerry and Fairfax Financial Holdings Limited that was signed and announced on Monday, September 23, BlackBerry has cancelled its second quarter earnings conference call and webcast that had previously been scheduled for Friday, September 27 at 8:00 a.m.,” the Canadian phone maker said in a statement. That non-binding agreement calls for Fairfax to pay $4.7 billion for BlackBerry.
BlackBerry said it will release its quarterly results on Friday morning, with further details and financial statements to come next week.
There aren’t a lot of secrets here anyway. It is expected that their quarterly loss could be up to 1 billion dollars and T-Mobile has said they won’t be carrying BlackBerry any longer.
BlackBerry said it will release its quarterly results on Friday morning, with further details and financial statements to come next week.
There aren’t a lot of secrets here anyway. It is expected that their quarterly loss could be up to 1 billion dollars and T-Mobile has said they won’t be carrying BlackBerry any longer.
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