The end of physical-phone manufacturing seems like doomsday for the Waterloo, Ont. company—but it may just pay off
An excerpt of ‘Losing the Signal: The Spectacular Rise and Fall of BlackBerry,’ on the fatal division between Mike Lazaridis and Jim Balsillie
BlackBerry’s “death spiral” appears set to resume. The troubled maker of smartphones has ditched plans to go private in a tentative deal that would have seen Prem Watsa’s Fairfax Financial and other investors pay $9 a share for the company—ostensibly providing a floor for the flagging stock. Instead, BlackBerry plans to raise $1 billion in cash through the sale of debt instruments that can later be converted into equity if BlackBerry’s shares return to the $10 mark. Investors weren’t thrilled with the deal, which threatens to dilute their holdings. They bailed out of the stock Monday, pushing it down 16 per cent to just $6.50.
Who will be willing to buy BlackBerry now?
Tamsin McMahon on speculation about BlackBerry stock
Despite positive reviews, analysts adjust forecasts after delayed U.S. launch
One involves bikinis, tattoos and paper cranes
What inspires such fierce brand loyalty? Peter Nowak asks a timely question
RIM’s real interests – and future – lay elsewhere
It might seem preposterous that RIM could stop making BlackBerrys and still survive, but there is a big, blue precedent for the move
How a start-up in Atlanta is stealing the BlackBerry maker’s most important clients
Nokia files a lawsuit and Yahoo moves away from RIM