BlackBerry Failed Sold

BlackBerry Failed Sold


BlackBerry Ltd attempts to find a buyer failed . The phone manufacturers are forced to try a new restructuring measures , which would lead to more and more questions for the company ..

Last Monday the Canadian company that claimed to no longer pursue the privatization tentative plan worth $ 4.7 billion . Instead , the BlackBerry will continue operating as a public company under the new leadership . In addition , the BlackBerry also got an injection of $ 1 billion worth of investment from a consortium led by Fairfax Financial Holdings Ltd. , the company's main shareholder .
Company executives said the new funds was a way to strengthen the BlackBerry , in the midst of drafting a new strategy . " One of the things that hinder [ BlackBerry ] is firm had volunteered to be sold , " said Prem Watsa , Fairfax leader , holder of 10 % shares of the BlackBerry that attempts to privatize the company .
" Now , the ' sale' has been revealed . Funding has been set for the long term . "
However , the movement was only slightly alleviate the precarious condition of the company , both in the eyes of investors and customers . BlackBerry shares on Monday fell by 16.4 % to $ 6.49 , the lowest in 12 months . Stock price far below the stock purchase plan which raised $ 9 Fairfax in September .
Watsa and executive BlackBerry still has not revealed details of the company's vision to sustain themselves . Especially now , after the fall of sales of the latest mobile phone models and supply cash quickly disappeared .
In the meantime , the BlackBerry will be led by John Chen , the former chief executiveperusahaan Inc. Sybase software . Chen replaces acting as interim CEO Thorsten Heins , who two years ago took over the BlackBerry . Under Heins , the company chose to focus on the set of the latest mobile phone rather than a partnership or sell the asset .
In an interview , Chen admitted the company has no plans to close unithandset . He predicted BlackBerry will be recovered in at least six quarters . He considered the BlackBerry will slowly become a leader in business -focused services , in accordance experience when running Sybase . Previously Sybase successfully reap the benefits of business through software without having unitsmartphone .
However, with a $ 1 billion cash infusion though , the outlook is still bleak BlackBerry . If you do not take into account the fresh funds , the rate of current spending BlackBerry will run out of cash by the end of next year . ( WSJ )