Black day for BlackBerry

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.”

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