BlackBerry Ltd (BBRY): Should It Just Go Down Quietly?
Written by: ValueWalk
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The evolution of the tech industry suggests BlackBerry Ltd BBRY doesn't have a right to expect to live.
BlackBerry Ltd ���s life hangs in the balance as executives try to figure out what to do to save the company. The go-private deal fell through, and now things are even more desperate than ever for the once-dominant smartphone maker. But as most ask whether BlackBerry can survive, one author says that isn���t the right question at all. He says we should be pondering whether the company has any right to survive.
Does BlackBerry have a right to stay alive?
Steve Tobak of Fox Business suggests that BlackBerry Ltd ify.valuewalk.com="" /> should just go softly into the night. He says it is the nature of the technology industry that one company���s innovation is unseated as king by another company���s even-better innovation. And he���s certainly right. We���ve seen this throughout history time and again. But he doesn���t think BlackBerry has a right to stay alive.
He notes that there was a time when mighty Apple Inc. was close to dying, but he says the company���s board ���had a clue��� and ���knew what was going on.��� He says Apple chose the right leaders to turn it around. However, he says this is the exception rather than the rule.
Is BlackBerry���s board good enough?
He suggests that the real problem that has plagued BlackBerry Ltd all these years is its board of directors. He says they have been ���living in denial��� and that the company simply waited too long to put a new innovative device on the market. He thinks BlackBerry has no right to survive because its board members stood back until the only thing the company had left was ���some cash and a few dusty old patents.���
So are BlackBerry���s leaders entirely clueless? They did bring in John Chen as CEO, but whether he will be able to do anything with the company at this point is debatable. But there���s one thing for certain. If he does engineer a turnaround at BlackBerry, he will definitely deserve the title of ���Turnaround Master.���
-By Michelle Jones