• BlackBerry Denies Hardware Abandonment Rumors

    Last fall, BlackBerry officially took itself off the market. Amidst swirling acquisition rumors, the Canadian smartphone-maker said it would receive a $1 billion investment from Fairfax Financial and other investors, representing the conclusion of its process of seeking strategic alternatives for taking the company forward.

    Fairfax had wanted to acquire BlackBerry outright, but it fell short of raising the necessary funds to do so. The massive investment represented “plan B.” Unfortunately, the infusion of capital has done little to help BlackBerry. And in recent weeks, acquisition rumors began circulating again. Today, as in the past, some suspect Apple may be interested in acquiring the embattled smartphone marker.

    But BlackBerry is denying all takeover rumors. Specifically, BlackBerry chief executive John Chen updated the official BlackBerry blog to dispel the underlying myths that the company will disband its hardware business or go on sale again any time soon.

    "I want to assure you that I have no intention of selling off or abandoning this business any time soon," Chen says. "I know you still love your BlackBerry devices. I love them too and I know they created the foundation of this company. Our focus today is on finding a way to make this business profitable."

    "We will do everything in our power to continue to rebuild this business and deliver devices with the iconic keyboard and other features that you have come to expect from this brand," Chen concludes. "Rest assured, we continue to fight. We have not given up and we are not leaving the Devices business."

    Source: BlackBerry Blog
    This article was originally published in forum thread: BlackBerry Denies Hardware Abandonment Rumors started by Michael Essany View original post
    Comments 1 Comment
    1. C-Dawg_12's Avatar
      C-Dawg_12 -
      How long can Blackberry keep losing upwards of 400 million? Investors can't keep pumping money into this moneypit.
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