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A dark month for Canada

04
Nov
2013

November is starting fairly disastrously for the gentle giant of the north. Apart from crack-huffing mayors and bordello-visiting pop stars, Canada must now face another abrupt reversal of fortune regarding its most important tech company, BlackBerry. Many would argue that it’s no surprise BlackBerry did not find a buyer, but the 15% plunge in the company’s share price on Monday morning suggests otherwise. Wall Street was actually lulled into false hope about a consortium of buyers swooping in, most likely because there has been an extraordinary series of leaks about potential buyers in recent weeks, from Apple’s former CEO and Facebook to Qualcomm and Cerberus. Day after day, the markets were fed a stream of tantalizing ideas about new buyers scooping

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