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  • BlackBerry May Go Private to Become More Profitable


    BlackBerry's days as a publicly traded company may be numbered, according to published reports Friday.

    The company, which has failed to make 2013 it's anticipated comeback year with the BB10 lineup of devices, continues to lag well behind it's iOS and Android competitors. And as Windows manages to mount a formidable presence of its own in mobile, BlackBerry's star is fading faster than ever.

    Chief Executive Thorsten Heins and the company's board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out of the public eye, the sources said.
    News of this consideration, while not necessarily a shocker, still represents a departure from recent comments by Heins. The BlackBerry chief stated in July that the smartphone maker was on the right track although it needs more time to gain its footing, release more devices, and forge ahead.

    Of course, with BlackBerry 10 sales still coming in well below analysts' expectations, a drastic move consistent with the chatter reported today may come sooner rather than later.

    Source: Reuters
    This article was originally published in forum thread: BlackBerry May Go Private to Become More Profitable started by Michael Essany View original post
    Comments 3 Comments
    1. asma123's Avatar
      asma123 -
      If blackberry plans to charge users for their bbm service or whatever they're thinking say bye bye to whatever users the currently have. The key here is innovation and if they can't think outside of the box and come up with a cool feature that other devices lack then I see them loosing ground in no time.
    1. docmagoo2's Avatar
      docmagoo2 -
      Quote Originally Posted by asma123 View Post
      If blackberry plans to charge users for their bbm service or whatever they're thinking say bye bye to whatever users the currently have. The key here is innovation and if they can't think outside of the box and come up with a cool feature that other devices lack then I see them loosing ground in no time.
      Innovate like apple,...?
    1. bigboyz's Avatar
      bigboyz -
      BB really needs to make some moves. Either align yourself with a heavyweight or produce something worth buying. Will be interesting to see the outcome of this one.