Black day for BlackBerry

in 2013, Boston Herald, N. Venkat Venkatraman, Newsmakers, School of Management
November 5th, 2013

VenkatramanNBoston Herald
N. Venkat Venkatraman, School of Management

Shares of BlackBerry plunged yesterday on news that its $4.7 million buyout was off and that its chief executive was out — leaving an opening for Microsoft to fill behind Google and Apple in the race for smartphone stardom…

Expert quote:

“I see this as the beginning of the end of Blackberry. It tried multiple options, including possible interest from Facebook. Finally no one stepped up … and that itself says something profound: No one saw any value that could be unlocked easily either through financial engineering or a longer term strategic road map to revive BlackBerry.”

View full article

Comments are closed.