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BlackBerry loses $1B latest qtr, to lay off 40% of workforce

Posted on 9/20/13 at 5:36 pm
Posted by stendulkar
Member since Aug 2012
767 posts
Posted on 9/20/13 at 5:36 pm
BBRY down 17% on news. Final nail in the RIM coffin?
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 9/20/13 at 5:39 pm to
Yea
Posted by DaphneTigah
Flying under the radar.
Member since Dec 2007
4980 posts
Posted on 9/20/13 at 7:49 pm to
Stevie Wonder saw that coming. Writing has been on the wall. Steve Jobs hammer did the hammering.
Posted by Hand
far side of the moon
Member since Dec 2007
2064 posts
Posted on 9/21/13 at 10:34 am to
I wouldn't be surprised to see IBM, HP, or some government contractor that we've never heard of buy them.
Posted by DaphneTigah
Flying under the radar.
Member since Dec 2007
4980 posts
Posted on 9/21/13 at 10:40 am to
The only people that use blackberries are companies who supply company phone to their work force bc it's a serviceable phone for checking emails. That's about it.

The RIM ship is the titanic and taking on water quickly.

Posted by Colonel Flagg
Baton Rouge
Member since Apr 2010
22800 posts
Posted on 9/21/13 at 4:11 pm to
My large company supplies iPhones. So I don't see them getting much help with that.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98859 posts
Posted on 9/22/13 at 9:26 am to
Someone will buy it. Still too many users to just let it die.

Interesting that BB got killed with the samy myopic approach that almost killed Apple with the Mac.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42486 posts
Posted on 9/22/13 at 10:14 am to
The entire DoD uses blackberries. I don't see that changing any time soon.
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
51415 posts
Posted on 9/22/13 at 10:03 pm to
I think they have an offer and wanted to drive down the share price to make the sale sweeter.

Have no confidence in this management team whatsoever to tell the truth, however.

I would love to have had this assignment for a case study when I was in MBA school.
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