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BlackBerry Comeback Far From Certain
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ShawnB351
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ShawnB351,
User Rank: Apprentice
8/5/2014 | 5:02:36 PM
Blackberry Will Rise
Give Chen one more year and everyone will be surprised. I have no doubt that all four aspects of the company will be intact and thriving by then. Yes, that includes the new phones that will finally be given the spot light they deserve under Chen's leadership team. 
Thomas Claburn
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Thomas Claburn,
User Rank: Author
8/5/2014 | 5:14:42 PM
Re: Blackberry Will Rise
I hope so. It would be nice turnaround story.
BobForsberg
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BobForsberg,
User Rank: Apprentice
8/5/2014 | 6:26:43 PM
...far from uncertain?
More like , "not going to happen". Stick a fork in Blackberry...its over.

 
Michael Endler
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Michael Endler,
User Rank: Author
8/5/2014 | 6:28:44 PM
Re: Blackberry Will Rise
He'll deserve plaudits if he manages that. He's doing a lot of smart things, but he took on a herculean challenge.
captbilly
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captbilly,
User Rank: Apprentice
8/5/2014 | 6:43:18 PM
The chances of a comeback are virtually certain.
The chances tha Blackberry are going to make a comeback are a virtually certainty.... zero percent.  It is possible that a company with aproduct called Blackberry will be successful moving forward, but it will only be related to the previous Blackberry in name.  There will never again be a distinctly "Blackberry" phone (a phone with a Blackberry opperating system), that train has left the station years ago.  Blackberry may make an Android phone, possibly with a distinctive "skin", much as Samsung and others, but nobody is going to buy into the Blackberry OS at this point.
ShawnB351
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ShawnB351,
User Rank: Apprentice
8/5/2014 | 11:54:48 PM
Re: The chances of a comeback are virtually certain.
Yes, the comeback is certain. Good call. 
ShawnB351
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ShawnB351,
User Rank: Apprentice
8/5/2014 | 11:58:50 PM
Re: The chances of a comeback are virtually certain.
I'd hate to wake up to your negativity every morning. Wow. 
melgross
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melgross,
User Rank: Ninja
8/6/2014 | 3:24:13 AM
Re: Blackberry Will Rise
It isn't a matter of giving him another year. They have limited funds, and almost as much debt. What happens if they continue to eat through those funds? $2.2 billion in cash, and $2 billion is unsecured debentures made up for Fairfax, and sold to them. These can be called in at any time. They can issue up to $350 million more. Will Fairfax be willing to see that cash eaten without calling it in? If Blackberry looks as thought they will pull through, they might, but if they get nervous, they might not. Chen can make as many statements as he wants, but Blackberry needs to perform. Losing less money a quarter is fine, but with no active lines of credit, they may not last it out.
melgross
IW Pick
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melgross,
User Rank: Ninja
8/6/2014 | 3:26:04 AM
Re: Blackberry Will Rise
That's why he demanded an $83 million package, and received it up front. That's an awful lot of money for a company in Blackberry's position.
melgross
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melgross,
User Rank: Ninja
8/6/2014 | 3:28:28 AM
Re: The chances of a comeback are virtually certain.
The problem is that those of you who state that you're certain it will succeed never give any solid reasons why. At best, you regurgitate Blackberry's statements, and so far, none of those have ever come true.
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