• Hardware Manufacturer To Stop Supplying RIM

    With the recent news of Research In Motion restructuring and a large unsold inventory of phones and tablets, Celestica, one of the hardware suppliers for RIM has announced it will stop supplying hardware for BlackBerry phones over the next three to six months.

    Sad news but not really surprising with the restructuring plan from RIM and the upcoming new BlackBerry 10 phones.

    Press Release

    June 18, 2012

    TORONTO, Canada - Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced that over the course of the next three to six months, it will wind down its manufacturing services for Research in Motion (RIM).

    Celestica has been a high-performing manufacturing supplier for RIM and will work closely with RIM throughout the transition. As discussed on the company’s first quarter results conference call on April 24, Celestica has been working with RIM as it assesses its supply chain strategy. Celestica estimates that prior to any recoveries, its restructuring charges will not exceed $35 million.

    More details about this announcement will be provided as part of the company’s second-quarter results press release and conference call, which are scheduled for Friday, July 27.

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