Former RIM co-chair Lazaridis wants to lead a group interested in buying BlackBerry?

Former RIM co-chair Lazaridis wants to lead a group interested in buying BlackBerry?
According to a published report on Saturday evening, former RIM founder and co-CEO-Mike Lazaridis has been speaking to private equity firms like Blackstone Group and Carlyle Group, to see if any of them would be interested in having him lead a group looking to buy BlackBerry. This is all very ironic because there are many who will tell you that Lazaridis and co-CEO Jim Balsillie were the duo that set RIM (later BlackBerry) on this current path of destruction.

For example, consider this quote Lazaridis made in May 2008. "The most exciting mobile trend is full QWRTY keyboards. I'm sorry, it really is. I'm not making this up." And once it became apparent to him that the Apple iPhone was beginning to take business away from BlackBerry, his response was to launch the BlackBerry Storm. The launch of the first all-touch 'Berry was a flop with software that was half-baked. The SurePress typing system was supposed to make typing on glass feel like you were typing on a physical keyboard. This too, was a giant fail.

Earlier this year, Lazaridis still owned 6% of the company's stock. That, and his knowledge of the inner workings at BlackBerry, could make him an important ally for any private equity group interested in the company. With the shares now less than $9 a share, there seems to be no end to the decline considering that the company just said that it will announce revenue of about $1.6 billion for Q2, less than half of what analysts expected. Additionally, over $900 million of BlackBerry Z10 units were written down in the quarter which will lead to an operating loss of nearly $1 billion for the period. 4500 employees will be getting laid off, 40% of BlackBerry's workforce.

BlackBerry has a current market value of $4.6 billion making it affordable for most private equity players. But given the current condition of the company, a buyer is not going to be interested in the consumer side of the company, something the company itself recognized last week when it said that it would focus on the enterprise part of the industry.

source: WSJ



1. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

It would seem that Lazaridis just can't acknowledge that his moment has passed. Maybe he should invest in BB and lose the rest of his fortune. If he does invest, I wonder if he will change the company name back to Research in Motion? Nothing like drinking the Kool-Aide that you just made.

2. -box-

Posts: 3991; Member since: Jan 04, 2012

Soooooo one of the guys who was "at the helm" when BB/RIM lost its grip on its market wants to buy the company that is failing worse now than when he was ousted?

6. sharks

Posts: 236; Member since: Feb 16, 2013

This is all very fishy. I think he planned to buy BB all this time. He just needed to lower the value of the company by making all the wrong decisions possible before finally buying it out. I wouldn't trust that Lizard guy within a mile from any decision-making position in any company.

3. Ravail

Posts: 182; Member since: Oct 14, 2011

Want to save BB? Bring in the Android OS.

5. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Not going to happen. Certainly not if Lazaridis is back in the picture. He will dump the Z series and concentrate on the Q (physical keyboard, remember) series. While he is at it, he should issue t-shirts to the remaining employees that are printed with "It is all about the keyboard, stupid...." The t-shirts should be a mandatory company attire.

4. Commentator

Posts: 3723; Member since: Aug 16, 2011

"This too, was a giant fail." Is "fail" a noun?

16. -box-

Posts: 3991; Member since: Jan 04, 2012

It's a colloquialism, a shorter version of "failure", enhanced in pop-culture with the advent and popularity of sites like and such, and carries the undertones of additional foolishness and/or ignorance regarding the perpetrator of the of failure. Typically attached to an image, video, or description of an event, with more popular ones becoming memes, it is an illustration of seeming superiority on the person assigning the title of "fail" and those who also encounter the example, e.g. "They chortled at the foolishness of the individual putting up the self-made billboard with the misspelled word, for we knew that it was incorrect and changed the meaning of the intended statement. Rather than advise the individual of the issue and prevent future embarrassment, they took photos of his sign reading "Your fools for not financing with Frank!" and posted them to the internet to share the shop owner's 'fail' with the internet world and ensure his future embarrassments."

7. sinple

Posts: 132; Member since: Nov 04, 2011

i don get why blackberry don understand. The best way to save BB now is to price their phone with price similar to the nexus 4. Their current price is much too exp and the specification of the phone does not match the prices. I am sure many would buy if the phone is priced at the nexus 4 and generating sales should be their priority right now.

8. kanagadeepan

Posts: 1267; Member since: Jan 24, 2012

Though how bad Lazaridis coming to BB will be, it will be much much better than Elop to Nokia...

9. N-E-X-U-S

Posts: 8; Member since: Sep 22, 2013

So he's looking for a group that doesn't exist!

10. AfterShock

Posts: 4147; Member since: Nov 02, 2012

I can not stand that clown.

11. GrapeEyes

Posts: 248; Member since: Sep 01, 2013

If I had the money, I would buy Blackberry and make a serious business mobile phone with these stats: Height: 6.2 in Width: 3.6 in Depth: 0.30 in Weight: 112g Navigation: QWERTY keypad and all-touch screen with intuitive gesture based navigation Keyboard: Physical BlackBerry® Keyboard, featuring contextual auto-correction Display: Full HD 420 PPI Screen size: 5.5" diagonal Operating system: BlackBerry 11 OS Processor: Qualcomm® Snapdragon™ S10 processor with 2.6 GHz quad-core Memory: 6GB RAM 128GB Flash Expandable memory: microSD – slot under each battery door (Up to 128 GB) USB Ports: USB 3.0 high speed port – HDMI Port: Micro HDMI for connection to your HDTV or projector Power: 2000mAH x3 removable batteries Rear Camera & video: 50 megapixel Front camera: 10 megapixel Dual Sim I have drawn my perfect Blackberry Business 1 phone and would love to have the money to make it and then show it to the Blackberry team. .

13. HASHTAG unregistered

And how would you make a profit w/o skyrocketing the price of the phone with these kind of specs? You'd be out of business in no time with your crazy plan.

14. panda123

Posts: 27; Member since: Jan 18, 2013

I think he's joking, he said 50 megapixel back camera, and 10 megapixel front camera. And 3 batteries on a 7.6mm thin phone.

15. GrapeEyes

Posts: 248; Member since: Sep 01, 2013

No I am not joking!!! I will split the battery into 3 seperate batteries (2000mah each) giving you a total of 6000mah so you can replace the battery without turning the phone off, just slide 1 of the 3 batteries and replace. I have drawn the phone and would like to upload it, but there is no option on here :(

17. Altair

Posts: 367; Member since: Feb 02, 2012

Your plan is going to fail. 1. Your plan is too expensive. That kind of phone would cost 799. BB is not premium OEM and nobody would pay for that. 2. 6GB RAM for what? BB does not have apps for even 2GB ram. 3. Dual sim is ideal for developing counties (ie. in low cost devices). With such expensive thing like this, dual sim makes no sense. 4. 50MP camera? Another fail. Only Nokia has technology and patents for such technology. You would have to pay license fees for Nokia, making this crap even more expensive. (Assuming Nokia would like to sell license for dying OEM). There are reasons why you are not in charge and will never be.

19. GrapeEyes

Posts: 248; Member since: Sep 01, 2013

Well, If I had the chance to download my drawings, you will see a projector as well. My phone design will make people get rid of their laptops and tablets. I know my design is excellent. I just need to know where to go to build my own phone?

12. AfterShock

Posts: 4147; Member since: Nov 02, 2012

I don't think your screen size and outside diameter leave much for a usable keyboard.

18. mike2959

Posts: 696; Member since: Oct 08, 2011

Same guy that said, "nobody will want to watch a movie, Store their music on a phone, that's silly." Anyways dump the BB operating system. Become just a great manufacturer of phone's. Adopt Android, with maybe a BB skin, that would still have the BB features. A 5" 1080p Snap dragon near zero bezel, 3000mah, 2g ram, with the great build quality of BB. I'd be into that.

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