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China's Huawei to spend $300 million on global marketing in 2014

(Reuters) - Huawei Technologies Co Ltd, the world's third-biggest smartphone manufacturer, plans to spend $300 million on global marketing in 2014, a senior executive said on Wednesday. "This year Huawei will spend $300 million on marketing," Shao Yang, Huawei's vice president of marketing for its consumer business, told Reuters on the sidelines of a press conference on Wednesday in Shenzhen, China, where the company is headquartered.

BlackBerry's meltdown sparks start-up boom in Canada's Silicon Valley

By Sayantani Ghosh, Ashutosh Pandey and Euan Rocha (Reuters) - The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings.

BlackBerry may consider exiting handsets, eyes investments

By Alastair Sharp and Nicola Leske NEW YORK (Reuters) - BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.

Fairfax's Watsa says BlackBerry a good long-term investment

By Cameron French TORONTO (Reuters) - Struggling smartphone maker BlackBerry Ltd is a good long-term investment that is being unfairly punished by the stock market, the chief executive of the company's top shareholder said on Wednesday. "We think over time BlackBerry is going to do well," Prem Watsa, CEO of Canada's Fairfax Financial Holdings, which holds about 10 percent of BlackBerry's shares, said at Fairfax's annual general meeting in Toronto.

Telecom ministry urges adoption of smartphone anti-theft feature

By Kang Yoon-seung SEOUL, April 10 (Yonhap) -- South Korea's telecom ministry said Thursday it plans to order local smartphone makers to install an anti-theft feature in all products in a bid to deter increasing thefts of the mobile devices in the country. The Ministry of Science, ICT and Future Planning said it finished the development of a new smartphone security solution, dubbed "Kill Switch," with local tech players. The project began in August 2013.

Watsa says technology sector headed for trouble, still has faith in BlackBerry

TORONTO - Financier Prem Watsa says some of the biggest names in technology, like Facebook and Twitter, are headed towards disaster because their stock prices have soared too high. The chairman and CEO of investment firm Fairfax Financial (TSX:FFH) told investors Wednesday at its annual meeting he believes some of Silicon Valley's most-prized companies are sitting on unproven foundations. "There's nothing underlying the value of these companies," he said, referencing a chart that outlined names like Netflix and LinkedIn.

T-Mobile to stop selling BlackBerrys in US

Struggling Canadian smartphone maker BlackBerry said it will not renew an accord allowing T-Mobile to sell its phones in the United States. When the current license expires April 25, T-Mobile, a unit of Deutsche Telekom, will no longer offer BlackBerry phones on its US network. The two companies' strategies are no longer complementary, although BlackBerry hopes to work again with T-Mobile once their commercial strategies are back in sync, said CEO John Chen. The end of the contract will have no effect on current users of BlackBerrys on the T-Mobile network.

BlackBerry ends licensing deal with T-Mobile

(Reuters) - BlackBerry Ltd said on Tuesday it will not renew its license with T-Mobile U.S. Inc to sell BlackBerry products after the current contract expires on April 25. The Canadian company said it will continue to provide service and support to existing customers on T-Mobile's network or those who will buy products from the carrier's inventory.

BlackBerry gets court order banning US sales of iPhone keyboard from Ryan Seacrest's startup

SAN FRANCISCO - Troubled smartphone maker BlackBerry has won an early round in its legal battle against an iPhone keyboard made by a startup co-founded by "American Idol" host Ryan Seacrest. A court order bans Seacrest's company, Typo Products LLC, from selling its iPhone keyboard in the U.S. while BlackBerry Ltd. proceeds with a patent infringement case against the product. BlackBerry contends Typo Products ripped off the design from the physical keyboards used for typing on BlackBerry's phones.

BlackBerry CEO says he's trying to improve relationships with big customers

WATERLOO, Ont. - BlackBerry chief executive John Chen is meeting with some of the smartphone company's biggest customers, from government agencies to the world's largest banks, in hopes of mending relationships neglected when it rolled out refreshed devices last year. "We should have talked to the customers more when we launched new technology," Chen said Friday after the release of BlackBerry's latest quarterly financial results. "It is my opinion that we didn't do enough of it."
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