The suitors of BlackBerry will have to return to their relative positions empty-handed. All their wooing has not resulted in the down and outcompanyselling itself off. Rather, BlackBerry has chosen to raise a grand total of a billion dollars. And it is to replace its CEOwith some directors. The Canadian smart phone company had been in the doldrums.
Fairfax had been the major potential buyer. It was willing to pay $4.7 billion in order to completely acquire BlackBerry. But somewhere along the way, the coy BlackBerry changed its mind and now it has called the whole selling soiree off. Instead, it is selling exchangeable notes. It plans to build up a fund of $1 billion this way. Moreover, there are to be changes in the board of directors.
The present CEO, Thorsten Heins is to leave the company for good. During the one year stay of Thorsten Heins at BlackBerry, it saw many losses on all fronts. And all through the time the giant firm was for sale, many buyers came and went.
Qualcomm and Cerberus Capital Management were in the list of organizations that courted BlackBerry. But finally it was the prey that turned out to be the predator. BlackBerry, in what was deemed a revolutionary move, literally pulled itself up by its boot strings. Today, its future is an unwritten book of pages waiting to be filled.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.