|Bid||11.49 x 0|
|Ask||11.53 x 0|
|Day's Range||11.30 - 11.55|
|52 Week Range||8.94 - 17.48|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 26, 2019 - Apr 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.38|
BlackBerry is getting $40 million in federal funding to help develop technologies that make cars safer, more connected to cyberspace and, eventually, capable of driving themselves. The company is putting $310 million of its own money into the initiative, expected to create 800 jobs over the next decade at BlackBerry's campus in the Ottawa suburb of Kanata, as well as support 300 existing jobs there. The one-time smartphone leader is now working on advanced systems for vehicles and will put the federal money toward software development for the next generation of autonomous vehicles as well as skills training for workers.
OTTAWA — The Liberal government is giving $40 million in federal money to BlackBerry to help the company develop self-driving car technologies.Prime Minister Justin Trudeau will be in the Ottawa suburb of Kanata on Friday to announce the support for BlackBerry, the one-time smartphone leader that is now working on advanced software for autonomous vehicles.BlackBerry says its QNX software is already in tens of millions of cars, guiding systems related to driver assistance, hands-free features and entertainment consoles.A government official says the federal money, to come from the Strategic Innovation Fund, will go toward software development and skills training for workers.The official spoke on condition of anonymity because they were not authorized to discuss the coming announcement publicly.The company is putting $300 million of its own money into the initiative, expected to create 800 jobs over the next decade at BlackBerry's Kanata campus as well as support 300 existing jobs there.The Canadian Press
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WATERLOO, Ont. — BlackBerry Ltd. named has named Bryan Palma as president and chief operating officer. Palma was most recently Cisco's senior vice-president and general manager of customer experience for the Americas. Before joining Cisco, he was the vice-president of cyber and security solutions at Boeing. Palma, who will report to BlackBerry executive chairman and CEO John Chen, will be responsible for the company's core product and services. He will oversee teams handling BlackBerry Technology Solutions, Enterprise Software and Services, and Mobility Solutions. BlackBerry extended Chen's contract last year by five years to run until November 2023. Companies in this story: (TSX: BB) The Canadian Press
Palma would be responsible for the BlackBerry’s core product and services, including its Internet of Things business that incorporates connecting devices such as cars and smart speakers, the company said in a statement Monday. Palma previously held the role of general manager of customer experience for the Americas at Cisco Systems Inc. "Bryan is an excellent addition to our team given his proven experience delivering growth for strategic industry providers," Chen said in the statement, adding that Palma would also play a key role in integrating Cylance Inc., the cybersecurity company BlackBerry acquire late last year.
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