A bailout won't fix their issues. Sure it might remove some debt but their products are not selling and it would only be a matter of time before they would need another bailout. They are either going to sink or swim. Years ago I said RIM needed to get out of the device market and make BB Connect better. Get out of the hardware business and be a services and software company. It was their software that managers liked and with BB Connect, it wouldn't matter what phone was used, RIM would be managing the company side of it. Now with other vendors seeing the need to have a phone isolate the personal and the business, RIM could have been in a great position to capitalize on it.
Government intervention unlikely for beleaguered BlackBerry
Struggling Canadian smartphone maker BlackBerry shouldn't expect any help from the government, a prominent cabinet minister has indicated. Although he acknowledged that BlackBerry is having "a hard time" with its latest products, Canadian Minister of Industry James Moore told Bloomberg, "It's for them to engage the market and …
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Sunday 25th August 2013 17:33 GMT JaitcH
No wonder you call youself Yet Another Anonymous Coward ...
when you make statements like that.
There is little in common between selling devices and owning utilities. Both the North American Free Trade Agreement and the World Trade Organisation rules apply.
Many governments restrict use of spectrum by Foreigners. Broadcasting is also restricted. The same applies to critical national infrastructure.
Just because Ding Dong Thatcher sold off UK government assets, doesn't mean to say all Conservatives are nuts. (The present Canadian mob is Conservative)
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Friday 23rd August 2013 09:44 GMT Nick Kew
Too Late
The time when state intervention would have been right was when RIM was held to ransom by the global pirates NTP, and the trauma turned the company away from innovation and towards the grey suits.
It's not clear whether the Canadian government even then could've done anything effective against being plundered by its southern neighbour, but that's when it would've been right for them to make the effort on behalf of their star company.
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Friday 23rd August 2013 16:14 GMT unlockworldwide
Salvage
A once fine ship is reported to be sinking off the coat of Canada; it floundered, near The Banks of Hubris after hitting an Apple, under the command of Captain (resigned) Mike Lazaridis. Rescue efforts by the Canadian Coast Guard are unlikely as Salvage Experts are reported to be already circling the wreck. Or are they? Are even the salvage guys interested?
Replacement Captain Heins attempted (bravely) to steer the MS RIM by renaming it BlackBerry. This may have succeeded had the Apple not been concealing an underwater berg as big as a Galaxy. Essential crew were regrettably placed into lifeboats before avoidance measures were initiated, resulting in Investors commandeering the remaining lifeboats.
Huge loss of careers is predicted.
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Monday 26th August 2013 15:39 GMT The_Regulator
I guess its just a matter of time.
Bail out of a company such as RIM makes no sense, either you #profit or #fail. Kinda makes you realize though that even with its failings Nokia probably made a semi smart move aligning with MSFT as I'm sure we could easily have been having a similar conversation about them as well.