How BlackBerry’s recent failures could help save the company

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/y.cESWemghfxFySRiU_rng--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/blackberry-sign-2938.jpg (http://news.yahoo.com/blackberry-recent-failures-could-help-save-company-171012518.html)The BlackBerry saga took an interesting turn on Monday when BlackBerry announced that it had a change of heart. The company took itself off the table, ousted CEO Thorsten Heins and said it would take a $1 billion loan from Fairfax Financial, which reportedly wasn’t able to raise enough cash for its proposed $4.7 billion buyout. What major strategic changes will BlackBerry make in an effort to reverse course and right the ship? We have no idea, but that $1 billion should help a bit in the meantime. And according to Forbes contributor-Kelly Phillips Erb, BlackBerry may have another huge chunk of cash coming its way very soon. BlackBerry has reported operating losses in five of its last seven quarters



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