Items tagged with celestica

Ouch. Want to know how badly RIM is doing? So badly that one of its production plants is straight-up bailing out of the BlackBerry production business. Celestica is a company widely know throughout supply chain organizations for production solutions, and as of now, it still helps RIM produce BlackBerry smartphones. But that's changing, and soon. Within the next three to six months, it will wind down its manufacturing services for Research in Motion. The company estimates that prior to any recoveries, its restructuring charges will not exceed $35 million. That's pretty much it for the release; they kept it short and sweet. But reading between the lines, there's a lot more to this. RIM is trimming... Read more...