“BlackBerry Ltd. said Monday that its board of directors has formed a special committee to explore strategic alternatives that could include a sale of the company,” The Wall Street Journal reports.
“‘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,’ said Timothy Dattels, chairman of BlackBerry’s special committee, in a statement,” WSJ reports.
MacDailyNews Take: Translation: “Given our near total inability to sell our products due to the paradigm shift ushered in by Steve Jobs with iPhone and the resultant deer-in-the-headlights ass-kicking we have received at the hands of Apple combined with the inevitable worldwide flood of cheap iPhone knockoffs, we give up.
WSJ reports, “Waterloo, Ontario-based BlackBerry has gone from being a leader in the global smartphone market to an also-ran; its market share has fallen from close to 50% in 2009 to less than 3%, according to IDC figures released last week. Its phones are no longer popular in the key U.S. market, and its subscriber base is falling even in developing countries…”
Read more in the full article here.
MacDailyNews Take: “RIM. Dead Company Walking.” – MacDailyNews, August 5, 2010
[Thanks to MacDailyNews Reader “Jack F.” for the heads up.]
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