BlackBerry Posts $4.4 Billion Loss, Will Outsource To Foxconn 141
iONiUM writes "Today BlackBerry announced a $4.4 billion loss, and a deal with Foxconn to outsource hardware manufacturing. One interesting stat is that 75% of sales were actually older BB7 devices. That said, CEO John Chen says, 'We are very much alive, thank you.' He adds, 'Our "for sale" sign has been taken down and we are here to stay. BlackBerry recently announced it has entered into an agreement to receive a strategic investment from Fairfax Financial and other institutional investors, which represents a vote of confidence in the future of BlackBerry.'"
Our "for sale" sign has been taken down (Score:5, Insightful)
'Our "for sale" sign has been taken down and we are here to stay.'
This is the textbook precursor words before a "transition team" chops it up for parts and sells everything off piecemeal. It's right in the MBA manual.
Re:Our "for sale" sign has been taken down (Score:4, Insightful)
I didn't get that Text book.
Also my MBA classes also seem to actively discourage such actions. That said, it may mean to refocus the company.
Re:As an Android Guy (Score:5, Insightful)
Engineering is dead. Once the service economy of the U.S.A. implodes, so will these job.
American engineering is very much alive. The same can't be said for high tech manufacturing.
The real reason stock is up 15% today (Score:5, Insightful)
Re:Move to Android (Score:4, Insightful)
Comment removed (Score:2, Insightful)