And just like that, it’s the last Tech News Roundup of the year (we’ll be off next Friday celebrating the holidays). We have exciting changes in the works for the new year though, so make sure to check back in 2014. Below, the best business tech news of the week, neatly summarized.
1. BlackBerry revealed their Q3 results, including losses of $4.4 billion. The company’s revenue dropped over 50%, while sales of their BlackBerry 10 line continued to decline, falling from 3.7 to 1.9 million shipments, in a single quarter. Still, new CEO John Chen remains optimistic, predicting that operating losses will be stopped by 2015, and that BlackBerry will post a profit in 2016.
2. Despite the grim report, BlackBerry stocks actually ticket up following the report. That’s largely due to BlackBerry’s announcement that they’ve entered into a five year agreement with manufacturer Foxconn, to produce a new line smartphones aimed at developing markets. BlackBerry is hoping this partnership will allow them to dedicate more resources to improving their software offerings, while Foxconn handles the physical manufacturing.
3. Oracle will acquire enterprise software maker Responsys for approximately $1.5 billion, in order to incorporate their technology into Oracle’s online marketing suite. Responsys makes software that allows companies to coordinate different digital marketing campaigns (such as email, social, or display)entirely online. The acquisition should help them keep pace with rival Salesforce.
4. Jack Dorsey, the CEO of mobile payment company Square, is returning 10% of his stock holdings to the company. That 10% represents about 3% of Square, is worth approximately $150 million, and will help the company with acquisition and hiring. Dorsey is perhaps better known as the co-founder of Twitter.
Have a great weekend, and Happy Holidays from TechnologyAdvice!