Monday, September 23, 2013

Blackberry finally craters

Blackberry just announced on Friday that it will cut 4,500 jobs following a gruesome loss.  And today news comes that Blackberry is getting a $4.7 billion buyout offer.  Well, we saw this coming.  It's like its been the Blackberry suicide watch for the last year and a half.  Although at this point, is there anything left worth buying ?  I think not.

This sounds like deja-vu all over again.  Like the sad saga of Palm and webOS.  Acquired by HP for about $1.2 billion in 2010.  HP then managed Palm straight into the ground and finally killed it off after the riotous failure of the HP TouchPad tablet that they firesaled at $99 a piece.  Then, to add insult to... well their own insult and injury...  threw webOS into open source, then finally sold webOS to LG.

HP might as well have just piled up a billion bucks on the front lawn and lit it on fire. Sounds like they are about to have company.

...Aaaaand, another one bites the dust-taaa...

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