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How BlackBerry’s recent failures could help save the company

08
Nov
2013

The BlackBerry saga took an interesting turn on Monday when BlackBerry announced that it had a change of heart. The company took itself off the table, ousted CEO Thorsten Heins and said it would take a $1 billion loan from Fairfax Financial, which reportedly wasn’t able to raise enough cash for its proposed $4.7 billion buyout. What major strategic changes will BlackBerry make in an effort to reverse course and right the ship? We have no idea, but that $1 billion should help a bit in the meantime. And according to Forbes contributor Kelly Phillips Erb, BlackBerry may have another huge chunk of cash coming its way very soon. BlackBerry has reported operating losses in five of its last seven quarters

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