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BLACKBERRY EXPLORING PARTNERSHIPS OR SALE OF COMPANY

BlackBerry has been a sinking ship for the last 5 years.

The Research In Motion founders Mike Lazaridis and Coo CEO Jim Balsiliie ran the company into the ground.  They underestimated the threat of the Apple iPhone.  A lot of people did.  They said that it had no keyboard that it would never go anywhere.

They kept lying to themselves that BlackBerry would be okay without doing nothing. They didn't release no new hardware or software.  No Apps. No nothing.  What shocked me and i knew for a fact that BlackBerry was over was with all of this happening the Coo CEO's were still not fired.

They decided to step down. You know that this was not good when two people run a company into the ground and no one seems to want to do anything about.  Remember Steve Jobs made one mistake at Apple and he was gone.

While i held a special place in my heart for BlackBerry that is no more.  I still have a BlackBerry Bold 9930 that  i use everyday.  It is a great phone for 3 years ago.  I have never been a fan of the iPhone even though i had the original one and have been using Apple's products since September 2006.

It is a little too late for BlackBerry i have even notice that CrackBerry Kevin Kevin Michaluk founder of CrackBerry.com has also abandoned ship.  He hasn't written on the site for months.  BlackBerry 10 wasn't enough.

If you look at both Android and Apple's iOS they have color they have some sort of magic icons. BlackBerry 10 was a stale colorless mess.  They had no ambition it was like all we need is coding they won't care about the icons or how they look or how we have no color.

Alicia Keys was allegedly a creative director for BlackBerry but we never saw anything from her.  No one knows what will happen to BlackBerry but the company is open to options.  I think as i said its just to late.  They might sell and people will buy it for some of its parts and throw the rest away.


WATERLOO, ONTARIO--(Marketwired - August 12, 2013) - BlackBerry Limited (NASDAQ: BBRY)(TSX: BB), a world leader in the mobile communications market, today announced that the Company's Board of Directors has formed a Special Committee to explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment. These alternatives could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions.
The Special Committee of the Board is comprised of Barbara Stymiest, Thorsten Heins, Richard Lynch and Bert Nordberg, and will be chaired by Timothy Dattels.
With the announcement of the Special Committee, Prem Watsa, Chairman and CEO of Fairfax Financial informed the Company that he felt it was appropriate to resign due to potential conflicts that may arise during the process. Fairfax Financial is the largest BlackBerry shareholder. Mr. Watsa said, "I continue to be a strong supporter of the Company, the Board and Management as they move forward during this process, and Fairfax Financial has no current intention of selling its shares."
"During the past year, management and the Board have been focused on launching the BlackBerry 10 platform and BES 10, establishing a strong financial position, and evaluating the best approach to delivering long-term value for customers and shareholders," said Timothy Dattels, Chairman of BlackBerry's Special Committee of the Board. "Given the importance and strength of our technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives."
Thorsten Heins, President and Chief Executive Officer of BlackBerry, added, "We continue to see compelling long-term opportunities for BlackBerry 10, we have exceptional technology that customers are embracing, we have a strong balance sheet and we are pleased with the progress that has been made in our transition. As the Special Committee focuses on exploring alternatives, we will be continuing with our strategy of reducing cost, driving efficiency and accelerating the deployment of BES 10, as well as driving adoption of BlackBerry 10 smartphones, launching the multi-platform BBM social messaging service, and pursuing mobile computing opportunities by leveraging the secure and reliable BlackBerry Global Data Network."
JP Morgan Securities LLC is serving as financial advisor to BlackBerry and Skadden, Arps, Slate, Meagher & Flom LLP and Torys LLP are serving as legal advisors.
There can be no assurance that this exploration process will result in any transaction. The Company does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.






BLACKBERRY EXPLORING PARTNERSHIPS OR SALE OF COMPANY BLACKBERRY EXPLORING PARTNERSHIPS OR SALE OF COMPANY Reviewed by Jason Santoro on August 12, 2013 Rating: 5

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