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BlackBerry to Explore Strategic Alternatives

Aug 12, 2013, 7:06 AM by Eric M. Zeman

BlackBerry today announced that it has formed a committee to evaluate the firm's strategic alternatives moving forward. According to BlackBerry, the list of alternatives the company plans to consider include possible joint ventures, strategic partnerships or alliances, a sale to a third party, or other possible transactions. The special committee members include Barbara Stymiest, Thorsten Heins (BlackBerry's CEO), Richard Lynch, and Bert Nordberg, and will be chaired by Timothy Dattels. BlackBerry did not place a deadline on when it might make a decision about its future. BlackBerry launched the BlackBerry 10 platform earlier this year, and sales of its new smartphones have not caught on as the company hoped.

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Jaden10

Aug 12, 2013, 8:11 AM

Too little too latr

As much as I hate to admit it, Blackberry lost its foot hold on the market by staying stagnant, when iPhone and Android landed they stayed complacent by staying with their Java based OS on very under powered hardware. And in the time it took for them to bring out modern looking smart phones, you have had the rise of Android as the dominant OS (not looking for a Android vs iPhone vs Windows Phone vs whatever else contest), iPhone was already on the rise, WebOS died out, Symbian was sent to pasture, Windows Phone 7-8 came out and sank faster then the HSM Titanic and Firefox OS has started showing up.

That is a LOT of time to wait for a new OS and human nature has proven one thing, we humans are a impatient bunch when it comes to waiting ar...
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yeahright

They should have adopted android 2 years ago and transitioned bbm and other blackberry services over as an overlay.

I think it is all to late now....

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Troper

Innovate or die from your complacency. Or you can take the 3rd alternative and litigate, I suppose. That's currently a popular option.

HawkeyeOC

Jaden10 said:
As much as I hate to admit it, Blackberry lost its foot hold on the market by staying stagnant, when iPhone and Android landed they stayed complacent by staying with their Java based OS on very under powered hardware.

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(continues)

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Jayshmay

I know what RIM stands for, but what does HMCS stand for?

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Vmac39

Contrary to what people think, Android is not the save all OS. Blackberry running Android would not save it. It is the same reason Nokia decided to go WP7 & 8. They realized that they would be just another OEM in a sea of Android based phones.

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T Bone

Aug 12, 2013, 11:59 AM

I don't know where

This sudden talk of 'poor sales' is coming from, Blackberry's Q2 report was that sales were the highest they have been in years and the stock price has been increasing....all Wall Street analysts have revised their projections UPWARDS....

Sure...it probably isn't doing as well in the US as it is overseas....but all indications are that sales are strong, not weak

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