Blackberry announces it is ready to 'explore strategic alternatives', options include selling the company

Blackberry announces it is ready to 'explore strategic alternatives', options include selling the company
BlackBerry, the ailing Canadian smartphone maker, has just announced its board of directors has agreed to ‘explore strategic alternatives’ and is forming a special committee.

What does this mean? It’s basically both a public acknowledgment of the troubled state of the company and also a serious attempt to do all it takes to save BlackBerry. The Canadian company formerly known as RIM announces it is ready to seek alternatives like forming a joint venture, sales of various assets, or downright selling the company.

BlackBerry has hired J.P. Morgan to advise it on its financials and two law firms, Skadden Arps and Torys LLP in the role of legal advisers. Within the last year the company released BlackBerry 10 and the first new devices running on the new operating system, but it continues losing market share. The Canadian phone maker has lost hugely important government clients as they switch to Android and iOS.

Investors liked the news and BlackBerry shares grew over 7% to reach $10.50 apiece. The announcement does not guarantee that BlackBerry will sell its business, but the company definitely needs to try to fix its mobile business at all costs.



source: BlackBerry

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46 Comments

1. iamfury

Posts: 78; Member since: Oct 07, 2012

It's a shame that a company like BB have to consider selling off as an option :(

9. AsisHaas

Posts: 42; Member since: Jul 14, 2013

So how?

10. msa1988

Posts: 418; Member since: Mar 30, 2010

I don't think this really needs an explaination? BlackBerry was once the best smart phone provider in the world. This shows what happens when you get too complaisant *cough Apple cough*. Selling the company means they failed. I am fond of this idea though. A BB keyboard running android or even iOS is very dreamy....

13. sniper1087

Posts: 537; Member since: Dec 31, 2011

We can complaint all we want about apple but the iphone was a game changer in the smartphone industry while other touchscreens failed to deliver the experience thanks to those resistive touchscreens... Apple release capacitive screens made a difference and from then on we been getting better stuff each time, the main thing is that we are starting to get to the limits of what smartphones can do, everything has been placed on smartphones already, what else can be added beside camera and appearance when software has everything we need? Maybe a new technology has to emerge, keeping my eye on google glass ofc we will have to see when it gets to the market.

15. msa1988

Posts: 418; Member since: Mar 30, 2010

I do agree with you about how Apple really set the standard for quality touch screen phones. I remember using my Droid 2 and Droid Pro and when I compared it to my sisters iPhone 4, it wasn't even close. However, Apple has made very minimal changes since those days (2011). They better be careful or phones running Windows and advanced OS of android are going to fly past and leave Apple in the dust.

29. Chaseism

Posts: 82; Member since: May 08, 2013

You guys know how much I love Apple, but this is correct. Apple will always have a core following that will never leave them, but that's not who is up for grabs. It's the general public. Now, let's be honest, we knew that Google and phone manufacturers would close the gap on quality, but Apple didn't stay a step ahead of them as they should have. And yes, you are correct, complacency is the reason Blackberry and Microsoft is in the place they are in. I remember reading stories where the folks at Blackberry (then RIM) refused to believe the iPhone could have great battery life with such a large screen. They balked at the thought that people would pay so much for an subsidized phone. And they are paying for that right now. Basically, you can't get comfortable with your place at the top because everyone is fighting for your position. Apple has made huge steps since Forstall's firing. They have to continue those steps.

35. TROLL

Posts: 4851; Member since: Apr 13, 2012

That avatar is from JeffTheBeat®

22. wrm2013

Posts: 237; Member since: Mar 28, 2013

What you fail to acknowledge is bb was too at one time

30. UrbanPhantom

Posts: 949; Member since: Oct 30, 2012

You can expect for Microsoft to make overtures towards obtaining whatever remains of RIM/BBRY. It fits with their agenda, and I think WP8 will be better suited than either iOS or Android for corporate environments...

38. squallz506

Posts: 1075; Member since: Oct 19, 2011

They should become software developers and use BBM as a launch point and expand from there.

45. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

So what Motorola sold themselves.

2. mariosuneo4

Posts: 75; Member since: Aug 07, 2013

i dont want Nokia to be Next.....

3. McJobs

Posts: 107; Member since: Jul 08, 2012

NOKIA will survive

5. mariosuneo4

Posts: 75; Member since: Aug 07, 2013

may be.... or may be not

7. iamfury

Posts: 78; Member since: Oct 07, 2012

may be your are not aware of the market situations right now, that is the only possible explanation for your refusal to accept that Nokia is on path to complete recovery.

8. mariosuneo4

Posts: 75; Member since: Aug 07, 2013

hmmmm :)

17. Hallucinator

Posts: 391; Member since: May 24, 2010

When I read your post, all I could hear was the AT&T guy.

11. msa1988

Posts: 418; Member since: Mar 30, 2010

Couldn't agree more. They're actually providing a product worth purchasing. Nokia is most certainly heading in the right direction. BB, not so much.

16. Hallucinator

Posts: 391; Member since: May 24, 2010

Complete recovery is quite the ambitious statement. Let's not get carried away.

23. iamfury

Posts: 78; Member since: Oct 07, 2012

NOBODY and i mean NOBODY understands why NOKIA is so stubborn to stick with WP. the way Nokia is dedicated to WP there is no doubt in 2-3 years Nokia will be the king of WP OS hands down (still is BTW). i'll wrap up my point with one question. in year 2016 would you prefer to buy an android 7.XXX something, or a Nokia with fully fledged windows running on it like windows 9 or 10, having same cores, architectures, apps, games as your tablet, laptop and desktop ? I mean by that time windows ecosystem will be unified by running the exact same OS on phones and all other devices. and NOKIA will be the main face of it, just like Samsung is right now for android.

25. akki20892

Posts: 3902; Member since: Feb 04, 2013

agree...........

28. Googler

Posts: 813; Member since: Jun 10, 2013

As long as W9 or W10 has tiles, then the answer is the same as it is now, NO.

31. UrbanPhantom

Posts: 949; Member since: Oct 30, 2012

Googler: your name certainly gives the impression for having an objective and non-biased attitude towards Nokia, right? WP8 is still young, and incomplete, but it's got a solid foundation and Nokia made the right choice for itself. BBRY on the other hand is going in a much different direction, and I suspect that it will either be purchased as a whole, or in part, by the other large players in the near future.

39. Googler

Posts: 813; Member since: Jun 10, 2013

Uh, no. I love Nokia, and BB if you want to go there. Just because I use Google services doesn't mean I can't/won't accept other systems. I've been a die hard Windows user (since 3.11) until they derailed with tiles. I tried W8 and took it back, couldn't stand the UI and the desktop mode is a total joke and insult to people like myself who prefer the old UI. Maybe they'll realize they isolated too much of their user base and make W9 more like 7, but until then, I'm just glad older versions are still viable for now. And as long as Nokia is making WP handsets, they won't get any of my money until MS dumps the tiles. The day they do, I'll be hitting the databases/articles here to figure out what phone to buy.

41. Xtasy

Posts: 284; Member since: Jan 13, 2013

Nokia is much closer to dying than BB is.. It's at about 4 dollars a share and barely budging.. BB keeps fluctuating and went up over 10 percent today.. The main reason people won't give BB a shot is simple.. They are DUMB. It's based on gestures so they can't figure it out and don't want to bother trying to learn something new.. A button makes it simple for the people who are slow.. When I use my Z10 on the train I always get attention.. People look at me like wtf is that, oh wait that's a BB... Truth is BB is ahead of the game but people want to be left stuck behind with yesterdays tech. BB still has a chance but it will take a long time

4. iamfury

Posts: 78; Member since: Oct 07, 2012

Dont worry about Nokia. with them it is entirely a different story. Nokia is recovering from the fall they experienced because of the lack of a modern OS. I predict that just in 2-3 years Nokia will again be on top of the market.

14. sniper1087

Posts: 537; Member since: Dec 31, 2011

I hope so they had the indestructible phones back in the days and with the best signal, now is time for them to emerge and yes I have the 1020, and an HTC One as well as the S4 and iphone 5, all of them are great but the camera on the nokia is just in another league and most apps found on other systems, found a replacement on windows 8, I wish nokia would not put all their hopes in one os only, and look at alternatives like webos or even android, or even dualboot system with wp8 and android, is just nokia makes great hardware and their cameras are superb I have hopes for them.

24. iamfury

Posts: 78; Member since: Oct 07, 2012

Nokia is not at fault by choosing WP and WP alone. it's the MS which is extremely slow in maturing their OS. i don't think WP8 is the final version of a mature OS they had in mind, i think they released it prematurely just to stay in market and i think at some level their strategy went wrong. wait for a few year, with fully matured windows experience on a Nokia built lumia with just enough apps to back 'em up, this combination (Nokia+WP or full windows if we're lucky :p ) will be unbeatable.

18. XperiaFanZone

Posts: 2280; Member since: Sep 21, 2012

and WP ;)

36. TROLL

Posts: 4851; Member since: Apr 13, 2012

Will be next ™

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