So, the latest plot twist in the demise of BlackBerry is this. Former CEO Mike Lazaridis is said to be trying to take a shot at buying the troubled smartphone maker according to The New York Times:
Mr. Lazaridis has separately approached the Blackstone Group and the Carlyle Group about making an offer, according to people familiar with the matter. These people cautioned, however, that the talks were preliminary and might not lead to any bids.
The potential of any effort to take BlackBerry private was muddied further on Friday, as shares in the company tanked after the company announced quarterly revenue far below analyst expectations. BlackBerry shares listed in the United States plunged 17.1 percent to $8.73.
Mr. Lazaridis could not be reached for comment. Blackstone and Carlyle declined to comment.
I don’t know if this is such a good idea. Lazaridis was part of the bunch that ignored the threat of Apple and Google represented. Do you think he can make a difference if given a second chance? I don’t think so. Of course, this assumes that this is true.
We shall see if it is or not.
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This entry was posted on September 21, 2013 at 4:54 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
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Lazaridis To Take A Shot At BlackBerry?
So, the latest plot twist in the demise of BlackBerry is this. Former CEO Mike Lazaridis is said to be trying to take a shot at buying the troubled smartphone maker according to The New York Times:
Mr. Lazaridis has separately approached the Blackstone Group and the Carlyle Group about making an offer, according to people familiar with the matter. These people cautioned, however, that the talks were preliminary and might not lead to any bids.
The potential of any effort to take BlackBerry private was muddied further on Friday, as shares in the company tanked after the company announced quarterly revenue far below analyst expectations. BlackBerry shares listed in the United States plunged 17.1 percent to $8.73.
Mr. Lazaridis could not be reached for comment. Blackstone and Carlyle declined to comment.
I don’t know if this is such a good idea. Lazaridis was part of the bunch that ignored the threat of Apple and Google represented. Do you think he can make a difference if given a second chance? I don’t think so. Of course, this assumes that this is true.
We shall see if it is or not.
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This entry was posted on September 21, 2013 at 4:54 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.