Blackberry has certainly had its share of problems. From global Blackberry outages to Yahoo making Blackberry not an option at Yahoo, to CEO Thorsten Heins rather ridiculously predicting the death of tablets, the Blackberry has certainly seen better days.
But now they seem to have truly hit bottom and, in fact, are looking at their options to somehow bring Blackberry back from the precipice. It seems that no option is off the table, including selling the operation, a joint venture, or taking it private (which would make it easier to make changes).
In the meantime, Prem Watsa, CEO of Blackberry’s majority shareholder Fairfax Financial, is stepping down from the board, due to a potential conflict of interest, and Blackberry has put together a committee to explore their options. “I continue to be a strong supporter of the company, the board and management as they move forward during this process,” said Watsa.
But not everyone is sounding so on board. Said BMO Capital Markets analyst Tim Long, “While a change in structure could result in a higher stock price in the near term, we do not envision any changes that would help BlackBerry reverse the significant smartphone share loss or rapid decline in service revenues.”
|Get notified of new Internet Patrol articles! |
You might also like some of our other articles: