Watching a pioneering company like BlackBerry founder after a long history of success and innovation isn’t easy. Not for its leadership and employees. Not for its shareholders and loyalists. And not for Canada, whose government has in the past described BlackBerry as the country’s “crown jewel” and one of its great entrepreneurial success stories.
These words came from an All Things Digital article, by John Paczkowski. Much like the collapse or Nortel Networks, Canada is once again witnessing one of its tech giants dissolve, and it's likely to deal a significant blow to country. Not only does Blackberry employ many Canadians, it spends a considerable amount on R&D.
While many tech pundits are convinced the company cannot be turned around, there is some good news. Speaking to All Things D, Wedge Partners analyst Brian Blair felt there was an upside.
I think the good news is that the prior success of the company has generated a startup tech culture that we’re likely to see the fruits of in the years to come.
Canadian Industry Minister James Moore discussed the company's current predicament with Reuters, and expressed that the lower than expected sales of Blackberry 10 devices was "unfortunate."
I know that they're facing their challenges and they're adjusting their firm internally in the way that best suits their interests... And all I can say is, we wish them well, and we're keeping a close eye on the situation.
Blackberry has said they plan to consider "strategic alternatives," which could mean a company sale, taking the company private, or partnering with other organizations. Currently, it all seems very vague.
This is a classic case of a company that over-promised and under-delivered. Its latest operating system and devices were met with mixed reviews, and the general consensus is that they were underwhelming.