http://liliputing.com/2013/10/lilbits-10-02-2013-bad-news-blackberry.htmlBlackberry hasn't gone private quite yet, so they have to declare their year's end costs and profits and projected year's end financial charges.
So, it has been announced publically that Blackberry will book an additional $400,000+ in "restructuring charges" and will lay off approximately 40% of all personnel by New Years.
The folks who WERE going to buy out Blackberry are now wavering on the deal as by the time the sale could go through the company will not be worth the $4.2 billion that the buy out was currently slated for.
The idea was to take the company quickly into private ownership so they wouldn't have to share these sort of gory details which would significantly affect Blackberry's share value (and total purchase value).
Because of this sort of news the current sales of new Blackberrys have suddenly dropped all over the world as right now no one really thinks Blackberry/Rim will survive with these sorts of required layoffs and 1.3+ BILLION total dollars in financial write downs.
This is against a company only currently valued at 4.2 billion dollars (and that value is rapidly dropping).
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Blackberry's market share is sitting there, totally available, soon to be rapidly moving over to .... who?
Microsoft, do you have a product to entice these business only users that will interface securely with all their current business systems ?????
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