Will BlackBerry's Future Be A Piecemeal Sale? - InformationWeek

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Will BlackBerry's Future Be A Piecemeal Sale?
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melgross
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melgross,
User Rank: Ninja
8/13/2013 | 11:49:46 PM
re: Will BlackBerry's Future Be A Piecemeal Sale?
While I agree with the articleGÇöit's becoming clear that the company is going to see its problems increased this quarter, there are a few things wrong.

The stock isn't down 75% from its all time high. It's down 95% from its all time high which was $236 in 2007.

Over a year ago, in a financial conference, in response to a question about it, Heins said that the company wasn't adverse to being bought, and that they were looking at that. So this isn't exactly a new thing for them. In addition, if we look at their finances, we see that that is exactly what they've been doing for almost a year. That so, structuring the company for a sale.

Selling manufacturing facilities, corporate offices, large firings which just culminated (so far) in firing 250 people in new product testing and quality control are all moves to save money and increase the cash and investment portfolio. This is typical of companies looking to make themselves look better to suitors.

Meanwhile, they are underspending on R&D and marketing. But they will have to draw from that cash soon as the company is shrinking faster then they seem to have thought, as sales are much worse that expected, assuming that Heins actually believed the rosy words he would use about the "pent up demand" for the new bb10 devices, which hasn't panned out.
D. Henschen
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D. Henschen,
User Rank: Author
8/13/2013 | 7:40:32 PM
re: Will BlackBerry's Future Be A Piecemeal Sale?
As a Z10 owner (by way of a free review unit), I can say it's nice and I particularly like the innovative keyboard with its powerful suggested-word composition capability. That said, if I had to buy on my own dime, I'd be included to go with the iPhone or Android flow. Nokia/Microsoft have this same mountain to climb.
JimC
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JimC,
User Rank: Apprentice
8/13/2013 | 10:47:07 AM
re: Will BlackBerry's Future Be A Piecemeal Sale?
Acquisition of pieces and parts? I see Lenovo licking its chops.
Shane M. O'Neill
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Shane M. O'Neill,
User Rank: Author
8/12/2013 | 9:01:26 PM
re: Will BlackBerry's Future Be A Piecemeal Sale?
BlackBerry wasted so many critical years resting on its laurels as Apple and Google zoomed forward. It's a classic cautionary tale.
RobPreston
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RobPreston,
User Rank: Author
8/12/2013 | 4:52:43 PM
re: Will BlackBerry's Future Be A Piecemeal Sale?
BlackBerry's best bet is to take itself private, much like Dell is doing. But with a market cap of about $5.3 billion but not a lot of prospects, that's going to take some committed, visionary investors willing to take on a ton of risk.
lgarey@techweb.com
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[email protected],
User Rank: Apprentice
8/12/2013 | 4:52:36 PM
re: Will BlackBerry's Future Be A Piecemeal Sale?
If BlackBerry, with its reservoir of goodwill from IT, couldn't hold its own against Android and Apple, it's hard to see how any purchaser could do so. Sad.


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