Why a $1 billion cash injection may not be enough to save BlackBerry

[Wireless News]

http://l.yimg.com/bt/api/res/1.2/3DUuq.vipY.EQfZ_E_d5Mg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/bbry-hq.jpg (http://news.yahoo.com/why-1-billion-cash-injection-may-not-enough-214544588.html)BlackBerry has certainly bought itself some time with the $1 billion cash injection it received from Fairfax Financial and its partners but there’s no guarantee that the company’s future will look any brighter unless major improvements happen very quickly. Barron’s flags a particularly gloomy take on BlackBerry’s future from-Canaccord Genuity analyst-T. Michael Walkley, who thinks that the company’s sales may have fallen by as much as 50% year over year, mainly due to lackluster demand for BlackBerry 10 devices and a limited market for legacy BlackBerry 7 devices. And barring a miracle, he doesn’t see how the company will return to profitability over the next two years. “Despite BlackBerry’s significant restructuring to lower operating costs, our forward estimates remain below



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