Canadian government won't step in to fix BlackBerry
0. phoneArena 22 Aug 2013, 22:25 posted on
Canadian Minister of Industry James Moore understands that times are tough for Canada's BlackBerry; but Moore says that it will be up to the troubled handset manufacturer to turn things around. Pinning high hopes on the company's new BlackBerry 10 phones, the handsets have not generated the kind of sales that CEO Thorsten Heins was looking for and BlackBerry's board is now exploring all possibilities...
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1. Dastrix (unregistered)
Interesting. As a prominent Canadian company, they should've expected a bail-out of some sort, but I guess the government knows what's up. Looking back into history, no government support when needed means imminent failure. This isn't happening for the first time either with Canadian companies.
5. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
Also known as don't throw good money after bad. BB needs to sell itself to whomever will pay the most for its cash and patents. The game is over.
3. alterecho (Posts: 1098; Member since: 23 Feb 2012)
If Blackberry themselves don't want to be fixed, how can the government help?
6. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)
More like why should the government help?
7. itsdeepak4u2000 (Posts: 3718; Member since: 03 Nov 2012)
They need to lower the prices of their devices, they are way to expensive, also I think that they should try for some Android or merge with other OSs.
4. Jurdiales (Posts: 133; Member since: 10 Oct 2012)
Blackberry needs to change from inside, because now it's like trying to help a very sick person refusing medical attention or something like that...
8. Armor (Posts: 52; Member since: 06 Dec 2011)
Why would the government not help a major company? The US government bailed out General Motors or they would not be here today. Lots of jobs saved. Same goes for Blackberry!!
10. rossy (Posts: 6; Member since: 23 Aug 2013)
So the major company must be saved with taxpayers money but the small ones don't? What is the major company anyway? 1000 employees, 10,000, 100,000? The U.S. government lost money on the GM and Chrysler bail-out. It bailed out unions by putting putting them ahead of the line. Ahead of bond holders and preferred stock holders. When a company owes more than it can pay back, there is an established bankruptcy process with a judge managing the process of settling company's debts. GM and Chrysler would have gone through it like other companies did, and would have emerged leaner and not settled with debt. That process was just delayed by the bail out. No issues were solved. I am glad Canadian government lets the free-market and the company itself sort out its issues.
9. PhoneCritic (Posts: 691; Member since: 05 Oct 2011)
This is the point where I believe BB needs to think about getting out of the hardware business and becoming a services company offering BBM to other platforms. Time is running out and a quick decision needs to be made because competing Apps are gaining traction and will offer stiff competition to BBM when or if it arrives to iOS, Android and WP