News from the stock exchanges today is that troubled smartphone maker BlackBerry has halted trading of its shares.
The company announced at the same time that its board of directors have formed a special committee to investigate alternatives: business speak for “we’re in a spot of trouble”. It’s also reported that one of the options being tabled is selling the company altogether. That said, it’s just one of the options, because it’s also entirely possible for BlackBerry to enter into a joint venture or partnership. We can think of a few companies that would love to get their mitts on the intellectual property and designs for BlackBerry devices, especially given the strong following in two completely opposite camps. Businesses that depend on permanent email connectivity have found it hard to wean themselves off the BlackBerry habit, and teens love the QWERTY keyboards (as well as affordable price points) of the entry-level devices.
BlackBerry’s been in a shambles since its CEO woes of last year, and very delayed release of the BlackBerry 10 mobile operating system. Since the release of – the surprisingly good – BB10 devices, things haven’t quite turned around, as is evidenced by today’s news.