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I don't know what qualifies as a miracle these days but I don't think their task is unreachable. They have cash (as far as I know) and they still have some dec
by grannyg00se 15y ago
I don't know what qualifies as a miracle these days but I don't think their task is unreachable. They have cash (as far as I know) and they still have some decent brand recognition. They also have a supply chain, and distribution.
They are still in a great position to make positive moves, the fact is they need to make those moves. Soon.
- rorrr 15y agoYes, they could make a groundbreaking phone, but to make it profitable would require a miracle. BlackBerry OS can't compete with IOS or Android, it's too specialized and too crappy. I think their only way to save themselves is to fire 85% of the executives, which will never happen. They are in charge, and they are getting paid extremely well, while driving company into the ground. They are just trying to squeeze as much money as possible from the dying company, that's why their CEO makes these ridiculous statements.
- grannyg00se 15y agoThe next phone is going to have a completely rebuilt OS. Are you already writing it off as non competing? How?
- raganwald 15y ago“Miracle” is imprecise. How about this definition: A company is “done” when the probability of its success falls below the probability of a startup in the same space succeeding. Apple was “done” in that sense before Steve Jobs returned. he did turn it around, and RIM could be turned around, but as a business exercise, the optimal strategy is to extract as much value as you can for as long as you can rather than try to hit another home run. True, you could always hope for a visionary CEO with the credibility and skills to do something productive with what you have, but that isn’t the way to bet.