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BlackBerry convenes special committee to decide company's future

post #1 of 58
Thread Starter 
Trading of shares of Canadian smartphone maker BlackBerry were halted Monday morning as the firm convened a special committee to explore strategic alternatives, fanning talk of a possible bid to go private in order to fix its problems while out of the public eye.



BlackBerry has been mulling going private in the wake of disappointing sales of its latest flagship products, which most recently resulted in a quarterly loss of $84 million when the company shipped only 2.7 million devices running its latest operating system. The firm announced on Monday that its directors had formed a special committee to ponder BlackBerry's options going forward, though there is no guarantee that this process will result in any particular transaction.

Going private, at least, would remove from BlackBerry's executives the burden of having to justify quarterly performances to shareholders. The company has been continually cutting staff and closing operations in order reduce expenditures, and chief executive Thorsten Heins, along with much of the rest of the company's executive staff, have been under heavy scrutiny in light of BlackBerry's performances.

The staff reductions are a continuation of a months-long process that has seen BlackBerry cutting operations in order to increase efficiencies and scale the company correctly to its user base. In the years before Apple's iPhone and devices running Google's Android OS rose to prominence in the smartphone sector, BlackBerry produced dozens of phone models per year. Recent months have seen the Canadian firm scaling back that production to just three new devices running BlackBerry 10 this year.

Other options available to BlackBerry include a joint venture or a possible sale to another technology company. Lenovo has previously been mentioned as a candidate to acquire BlackBerry, adding a developed smartphone segment much as it did a computing segment when it bought IBM's PC division in 2005. In March of this year, Lenovo's chief executive made headlines with his honesty in telling a French newspaper that acquiring BlackBerry would make sense. The company has not, though, made any public overtures since.

BlackBerry 10 OS is currently in fourth place among mobile operating systems, behind Google's Android, Apple's iOS, and Microsoft's Windows Phone. It holds that position, though, largely due to the fact that there are virtually no other major operating systems currently in wide release. The past quarter saw Windows Phone solidifying its lead over BlackBerry, with Nokia shipping more Windows Phone devices than BlackBerry did smartphones in total.
post #2 of 58
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Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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post #3 of 58
Ding... dong... Blackberry is dead.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #4 of 58

1 down, 3 to go

post #5 of 58

Sell the whole thing to Wal Mart. 

 

"The fortunes of war", etc. 

 

;)

post #6 of 58
Samsung should buy them. Seriously.

It would be better than Tizen, it would get them out of Apple's hair and Android can get used to being on TV remote controls and garage door openers where it belongs.

Android will never be secure (unless it's a controlled fork) and Google will never relinquish control (so it has to be their controlled fork). Therefore Android will never be a serious contender as an OS in the new world that's evolving around us. Everything is moving to mobile. Until Android can be secure, it's a waste of time for anyone to implement it in anything serious. It's also pretty much a cobbled together nightmare of an OS, whereas Blackberry is secure, and intelligently and purposely designed from the ground up.
post #7 of 58
I'd love to know what they end up talking aboot
post #8 of 58

They built and sold so much shit all those years it feels like a bad dream ....

....the lack of properly optimized apps is one of the reasons "why the experience on Android tablets is so crappy".

Tim Cook ~ The Wall Street Journal - February 7, 2014

Inside Google! 

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....the lack of properly optimized apps is one of the reasons "why the experience on Android tablets is so crappy".

Tim Cook ~ The Wall Street Journal - February 7, 2014

Inside Google! 

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post #9 of 58
Quote:
Originally Posted by Gazoobee View Post

Samsung should buy them. Seriously.

It would be better than Tizen, it would get them out of Apple's hair and Android can get used to being on TV remote controls and garage door openers where it belongs.

Android will never be secure (unless it's a controlled fork) and Google will never relinquish control (so it has to be their controlled fork). Therefore Android will never be a serious contender as an OS in the new world that's evolving around us. Everything is moving to mobile. Until Android can be secure, it's a waste of time for anyone to implement it in anything serious. It's also pretty much a cobbled together nightmare of an OS, whereas Blackberry is secure, and intelligently and purposely designed from the ground up.

That's actually a good option for Samsung.
post #10 of 58
Quote:
Originally Posted by Gazoobee View Post

Samsung should buy them. Seriously.

It would be better than Tizen, it would get them out of Apple's hair and Android can get used to being on TV remote controls and garage door openers where it belongs.

Android will never be secure (unless it's a controlled fork) and Google will never relinquish control (so it has to be their controlled fork). Therefore Android will never be a serious contender as an OS in the new world that's evolving around us. Everything is moving to mobile. Until Android can be secure, it's a waste of time for anyone to implement it in anything serious. It's also pretty much a cobbled together nightmare of an OS, whereas Blackberry is secure, and intelligently and purposely designed from the ground up.

Could this possibly be an investment for Apple JUST to keep a company like Samsung from buying it also? Not that Apple would actually do anything with it but bury it in it's backyard. More than likely won't happen, but IJS.

post #11 of 58
Quote:
Originally Posted by Quadra 610 View Post

Sell the whole thing to Wal Mart. 

 

"The fortunes of war", etc. 

 

;)

Complacency! Sad.

 

In business, If you're not growing, you're dying! 

post #12 of 58
Quote:
Originally Posted by Gazoobee View Post

Samsung should buy them. Seriously.

It would be better than Tizen, it would get them out of Apple's hair and Android can get used to being on TV remote controls and garage door openers where it belongs.

Android will never be secure (unless it's a controlled fork) and Google will never relinquish control (so it has to be their controlled fork). . . Until Android can be secure, it's a waste of time for anyone to implement it in anything serious.

http://www.phonearena.com/news/Heres-how-Google-made-95-of-all-Android-devices-more-secure_id45817
http://www.csoonline.com/article/732794/pentagon-nod-shows-android-can-be-as-secure-as-blackberry
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post #13 of 58
Quote:
Originally Posted by TechManMike View Post

Could this possible be a possible investment for Apple JUST to keep a company like Samsung from buying it also? Not that Apple would actually do anything with it but bury it in it's backyard. More than likely won't happen, but IJS.

 

Well I hate Samsungs products and worse, I think if the company was a person it would be just a despicable human being.  They are immoral, overly aggressive, and they make bad products.   

 

That being said, I like the idea of having competition and at least two ways of doing something.  Especially because Apple is a US based company, and especially because of their strong support of censorship I would really like to see at least one original, credible, alternative to Apple's products out there.  I don't see it in Android or in Tizen at the moment, so giving Samsung their own original and well designed smartphone platform to base their future offerings on is a good idea IMO.  

post #14 of 58
post #15 of 58
Quote:
Originally Posted by Gazoobee View Post

Disagree.  Read more. 1smile.gif

Certainly OK to disagree. Before doing so you could at least read the links you imagine yourself to disagree with. You very obviously didn't have time in the 2 minutes you took to reply to both me and another poster.

"Read more"1wink.gif
Edited by Gatorguy - 8/12/13 at 8:25am
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post #16 of 58
Quote:
Originally Posted by dnd0ps View Post

1 down, 3 to go

And then what?
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"Few things are harder to put up with than the annoyance of a good example" Mark Twain
"Just because something is deemed the law doesn't make it just" - SolipsismX
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post #17 of 58

Que the AI trolls predicting the same fate for Apple. But then there's that pesky problem of AAPL being worth about $23 billion more than XOM as of this morning.

post #18 of 58

I think the marketplace has decided its future.

post #19 of 58
Quote:
Originally Posted by dasanman69 View Post


And then what?

 

Exactly. I'd rather have fierce competition to Apple than an Apple hegemony like Microsoft's in the 90s.

post #20 of 58

I wouldn't mind seeing Apple buy BB. They are doing some interesting stuff, albeit a little too late in the game. I'd rather see Apple buy them than Samesung.

post #21 of 58

But what about all those nice "lifetime iPhone" users that have "just switched" to BB?

post #22 of 58
Quote:
Originally Posted by TechManMike View Post

Could this possibly be an investment for Apple JUST to keep a company like Samsung from buying it also? Not that Apple would actually do anything with it but bury it in it's backyard. More than likely won't happen, but IJS.

Considering the anti-trust issues I can't imagine the governments involved would sign off on it.
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post #23 of 58

deathwatch. so sad.

 

one way or another, BB will be liquidated by next year. if Motorola's patents were worth $12 billion (less what they got selling off parts of the company) to Google, BB's patents must be worth about the same to whoever. right now its market cap is $5.3 billion. Samsung probably thinks it could use them, yes.

 

and QNX is the only alternative OS readily available. but i don't think Samsung feels it needs another given its investment in Tizen. and what other OEM would dare, given the total fiasco that HP's purchase of Palm for Web OS proved to be? even tho the $1.2 billion price HP paid was chicken feed.

 

Nokia of course should buy BB to save itself from inevitable assimilation by MS'. but Nokia can't sink that much cash anymore into a different OS that will take one/two years to fully integrate with its products and services (the few it has left). in hindsight it's clear Nokia and BB should have merged 3 years ago, but both were far too proud at the time to realize it.

 

so the BB patents will probably be auctioned off to a consortium of companies, like Kodak's were last year for a measly $250 million (unless they can find another big sucker like Google), and the hardware line + brand name scooped up cheap by whatever not-Samsung Asian OEM that is determined to stay in the smartphone business long term and needs its own OS. sounds like HTC to me ...

 

2014: bye-bye BB and Nokia.

 

2015: bye-bye Sony

 

deathwatch. so sad.

post #24 of 58
Quote:
Originally Posted by Disturbia View Post

They built and sold so much shit all those years it feels like a bad dream ....


You obviously never owned a Blackberry.

 

When BB came on the scene they were as much of a jump in tech as the iPhone was when it was released.

 

BBs were well built and lasted for years. Lots of great features and its messaging system was second to none. I still miss the little red flashing light to let me know a call, email or text had arrived whenever I was making too much noise to hear the phone.

 

RIM's failure wasn't in its ability to innovate, its failure was in the two knobs who used to run the company... they refused to open their eyes. Google realized what was happening when the iPhone was released and changed direction.


Edited by island hermit - 8/12/13 at 10:17am
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post #25 of 58
I would like to see Apple buy RIM. Besides the patents RIM owns, their experience in the datacenter could help shore up the one area where Apple is sorely lacking IMHO.
post #26 of 58

Amateur hour is finally ending.

That's a relief.

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post #27 of 58
See the realistic fact of criticising iPhone and now BB is facing the consequences of their unethical marketing strategies the same fate will take care of Nokia and the greatest underdog Microsoft of the current century
post #28 of 58
Quote:
Originally Posted by lkrupp View Post

Que the AI trolls ...
We see this so much...

FYI:
Cue: a signal (as a word, phrase, or bit of stage business) to a performer to begin a specific speech or action
Queue: a waiting line especially of persons or vehicles
Que: Spanish for 'that' or 'which'
post #29 of 58
Quote:
Originally Posted by jeejucm View Post

See the realistic fact of criticising iPhone and now BB is facing the consequences of their unethical marketing strategies the same fate will take care of Nokia and the greatest underdog Microsoft of the current century

That can't be! Amateur hour and the smartphone beta test are both over!


Edited by MikeJones - 8/12/13 at 11:51am
post #30 of 58
Originally Posted by JupiterOne View Post


We see this so much...

FYI:
Cue: a signal (as a word, phrase, or bit of stage business) to a performer to begin a specific speech or action
Queue: a waiting line especially of persons or vehicles
Que: Spanish for 'that' or 'which'

 

Also:

 

Q: '... a highly powerful entity from a race of omnipotent, godlike beings also known as the "Q".'

(Memory Alpha: http://en.memory-alpha.org/wiki/Q)

 

Q: Fictional character in the James Bond series, head of Q Division (formerly known as Q Branch.)

Q stands for "Quartermaster," and is actually a job title.

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post #31 of 58
Maybe HP will be dumb enough to buy Blackberry. They were certainly dumb enough to buy Palm.
post #32 of 58
Quote:
Originally Posted by drblank View Post

Maybe HP will be dumb enough to buy Blackberry. They were certainly dumb enough to buy Palm.


I don't think Palm was a dumb purchase. HP's inability to properly utilize Palm was the dumb part. Palm just didn't seem to fit HP's corporate dna. It looked interesting to HP, so they bought it, but then they studied it like it was an alien in a glass cage. Eventually it just died.


Edited by island hermit - 8/12/13 at 12:52pm
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post #33 of 58
Originally Posted by dasanman69 View Post
And then what?

 

And then maybe we get a competitor that doesn't base their business on stealing everything they do from Apple.


Originally Posted by lkrupp View Post
Exactly. I'd rather have fierce competition to Apple than an Apple hegemony like Microsoft's in the 90s.

 

Maybe once we have some real competition, you'll feel better. 1tongue.gif

Originally posted by Relic

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Originally posted by Relic

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post #34 of 58
Quote:
Originally Posted by TechManMike View Post

Could this possibly be an investment for Apple JUST to keep a company like Samsung from buying it also? Not that Apple would actually do anything with it but bury it in it's backyard. More than likely won't happen, but IJS.


I'd be happy with an Apple takeover of RIM,

 if Apple would update my Playbook software, which RIM stopped supporting.

 

Well on another thought, no way as it would be so negative for my Apple stock price.

post #35 of 58
Quote:
Originally Posted by jfc1138 View Post

But what about all those nice "lifetime iPhone" users that have "just switched" to BB?

It's the other way  jfc1138.

So many BB  users moved on to other phones, RIM can't sell enough BBs to make a go of it.

post #36 of 58
Quote:
Originally Posted by Tallest Skil View Post

And then maybe we get a competitor that doesn't base their business on stealing everything they do from Apple.

Isn't that was BlackBerry already is? How is them dying off going to spurn more competitors. It's not exactly a easy market to get started in.
"Few things are harder to put up with than the annoyance of a good example" Mark Twain
"Just because something is deemed the law doesn't make it just" - SolipsismX
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"Few things are harder to put up with than the annoyance of a good example" Mark Twain
"Just because something is deemed the law doesn't make it just" - SolipsismX
Reply
post #37 of 58

"BlackBerry convenes special committee to decide company's future"

 

Decide? I really don't think they have a say in the matter. Smartphone customers have already made the decision for them.

Life is too short to drink bad coffee.

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Life is too short to drink bad coffee.

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post #38 of 58
It's unfortunate really. They used to provide good competition which spurs on innovation. Seeing as Samsung doesn't innovate, who is left to continue pushing Apple to innovate?
post #39 of 58

Originally Posted by dasanman69 View Post
It's not exactly a easy market to get started in.

 

Apple did it. And killed Blackberry in six years. It's obviously not as hard as the old guard thought.


You should take time to think through things.

Originally posted by Relic

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Originally posted by Relic

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post #40 of 58
Quote:
Originally Posted by Tallest Skil View Post

Apple did it. And killed Blackberry in six years. It's obviously not as hard as the old guard thought.


You should take time to think through things.

I have serious doubts that what Apple did can be replicated. It's kinda like Daffy Duck's trick, it can only be done once.
"Few things are harder to put up with than the annoyance of a good example" Mark Twain
"Just because something is deemed the law doesn't make it just" - SolipsismX
Reply
"Few things are harder to put up with than the annoyance of a good example" Mark Twain
"Just because something is deemed the law doesn't make it just" - SolipsismX
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