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Thorsten Heins News & Analysis

Shake Up at BlackBerry: Fairfax Deal Crumbles, CEO Out, More Cash In

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Trading in BlackBerry shares was temporarily halted this morning, as the company put out a major announcement. Because of the failure to close a deal with Fairfax Financial Holdings — and perhaps emboldened by the success of the BBM launch for iOS and Android — the company has abandoned plans to find a strategic partner. Instead, it is setting out details for new funding. 

Is this the start of a much-predicted move to a software and services company? Certainly a shake-up of the board is just the start, with incumbent CEO Thorsten Heins to be replaced by John Chen, and other executives on their way out.

Although Fairfax failed with its original bid, it will take part in the $1 billion investment that should help the company refocus and restructure under the new management. 

New BlackBerry 10 Pics Leak as the CEO Says RIM Has Only One Shot

bb10_logo.JPG More pictures of the test version of BlackBerry's BB10 smartphone are now out in the wild, as RIM's boss Thorsten Heins and other troops are sent out to butter up the press ahead of next year's launch. 

RIM Management Shuffle May Offer BlackBerry a New Direction

RIM Management Shuffle May Offer BlackBerry a New DirectionBy sneaking out the news of the dumping of its leading board members between the two NFL championship games, RIM seems to be suggesting it wants to undertake its future plans in a quiet, unassuming manner. Good luck with that, as its possible savior, the "London" BB10 phone sneaks into view.

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