“The rate of innovation is so high in our industry that if you don’t innovate at that speed you can be replaced pretty quickly.” That was BlackBerry CEO Thorsten Heins back in March. Heins was discussing the iPhone, but also unknowingly provided what might be a pretty good epitaph for his company
With the prospect of a possible $4.7 billion buyout by Fairfax Financial Holdings, BlackBerry appears to be finished; but it’s possible that the Waterloo, Canada-based company could reinvent itself as a B2B-focused services firm
Is such a comeback possible? A sale for parts appears just as likely. Consider that BlackBerry’s patents are said to be worth $2 billion to $3 billion, and the company has $2.8 billion in cash. There doesn’t seem to be much value left in the BlackBerry name. Read more…
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