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This article was first published 10 years ago

End of an era: The rise and fall of BlackBerry

September 24, 2013 09:52 IST

Image: Bollywood actress Katrina Kaif poses with the BlackBerry Curve 9220 smartphone in New Delhi.
Photographs: Adnan Abidi/Reuters

Embattled smartphone company BlackBerry Ltd plans to go private in a $4.7 billion deal being orchestrated by its largest shareholder.

Here are important milestones in the history of the company formerly known as Research In Motion:

February 1985 - Mike Lazaridis and Douglas Fregin co-found Research In Motion in Waterloo, Ontario, the Canadian university city where Lazaridis studied.

1989 - RIM develops a network gateway called RIMGate, precursor to its BlackBerry Enterprise Server.

1992 - Jim Balsillie joins RIM as co-CEO, mortgaging his house and investing $250,000.

1994 - RIM launches a handheld point-of-sale card reader, which verifies debit and credit transactions directly to a bank.

...

End of an era: The rise and fall of BlackBerry

Image: A woman uses her mobile phone at the Blackberry World Event in Orlando.
Photographs: David Manning/Reuters

1995 - RIM builds its own radio modem for wireless email.

1997 - RIM lists on the Toronto Stock Exchange, raising more than $115 million.

1999 - RIM launches BlackBerry email service, first wireless device to synch with corporate email systems. Lists on Nasdaq.

2002 - RIM adds voice calls to the BlackBerry.

2004 - RIM's surpasses 1 million BlackBerry users.

2007 - Apple launches first iPhone. RIM passes 10 million subscribers, briefly becomes most valuable company in Canada. Google's open source Android platform is unveiled. It launches in October 2008.

...

End of an era: The rise and fall of BlackBerry

Image: Blackberry Storm smartphone by Research in Motion (RIM) displays the Slacker Personal Radio application in Golden, Colorado.
Photographs: Rick Wilking/Reuters

2008 - RIM launches BlackBerry Storm, its first touchscreen and keyboard-less device. The screen uses a tactile feedback technology known as haptics, allowing a user to ...

End of an era: The rise and fall of BlackBerry


Photographs: Reuters

2012 - Lazaridis and Balsillie step down as co-chief executives and chairmen. Thorstein Heins appointed CEO and Barbara Stymiest named chair of the board. Heins promises overhaul, says RIM will no longer issue financial forecasts. RIM hires bankers to assist with strategic review, delays BlackBerry 10 again, until early 2013. Shares hit lowest level in nearly a decade.

Jan 30, 2013 - Heins unveils first BlackBerry 10 devices at glitzy event in New York, with simultaneous gatherings in other cities around the world, and company changes name to BlackBerry.

June 28, 2013 - Shares fall 25 percent after company reports loss and warns of more pain, says BlackBerry 10 sales were disappointing. Days earlier the company said it can now service Apple and Android devices for enterprise customers.

...

End of an era: The rise and fall of BlackBerry

Image: RIM Headquarters.
Photographs: Reuters

Aug 12, 2013 - BlackBerry says it is weighing options including a sale. Fairfax's Prem Watsa steps down from board to avoid conflict of interest, days after Reuters reported that the company's board was warming to the idea of going private.

Sept 3, 2013 - Microsoft buys Nokia's phone business and licenses its patents for more than $7 billion.

Sept 20, 2013 - BlackBerry warns of a steep loss and says it will cut more than a third of its workforce as it abandons consumers.

Sept 23, 2013 - BlackBerry signs tentative $4.7 billion deal to be acquired and taken private by a consortium led by its largest investor, Prem Watsa's Fairfax Financial.

(Reporting by Alastair Sharp; Editing by Bob Burgdorfer)

Source: REUTERS
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