BlackBerry Q2 lost nearly 1 billion dollars or step in the footsteps of Nokia

This reporter Li Yiling former mobile phone market business powerhouse, Canadian mobile phone manufacturers, Nokia's "Boat"-BlackBerry recent days very difficult. According to the company released in the second quarter of 2014 financial results, its revenue of 1.6 billion U.S. dollars, net loss of 965 million U.S. dollars. Based on such poor performance, acquisitions or privatisation have become the options that BlackBerry has to make now. The latest news is that the BlackBerry announced that it had signed a letter of intent with the consortium headed by Fairfax Financial to buy a total price of $4.7 billion, but BlackBerry could still consider other potential acquisitions before the formal deal was completed on November 4. The latest quarter, the net loss of 965 million U.S. dollars, BlackBerry escape was privatized fate to see the latest release of the BlackBerry Company's second-quarter financial year 2014, the company's revenue in the quarter of 1.6 billion U.S. dollars, far less than the same period of 2.9 billion dollars a year ago. Based on U.S. GAAP, the net loss of 965 million U.S. dollars, in the company's previous expected 950 million U.S. dollars to 995 million U.S. dollars. In the previous quarter, BlackBerry revenue was $3.1 billion trillion, with a net loss of $67 million. "We are very disappointed with the operation and financial results of the second quarter," said BlackBerry CEO Tosten Heins in a statement. To this end, we have announced a series of major restructuring measures to address the highly competitive hardware market environment and cost structure. "The major restructuring measures that Haines described include acquisitions and layoffs, of course, including letters of intent signed with Fairfax Financial," he said. According to the letter of intent, Fairfax financial will buy blackberries at $9 a share of $4.7 billion, according to BlackBerry, and the company's board of directors and a special Committee have passed the general terms of the agreement, under which the acquisition will be paid in cash. It is understood that Fairfax Financial, a Canadian financial group, holds a 10% stake in the BlackBerry, so the acquisition could also be seen as a major shareholder's privatisation of the BlackBerry. According to media reports, the consortium led by Fairfax Financial is still changing, with participants and investment ratios still being adjusted, while another major shareholder in the BlackBerry, founder Mack Lazaridi, who holds 5.7% per cent, may also be one of the acquirers. Meanwhile, Fairfax Financial is expected to complete due diligence before November 4. In the meantime, the BlackBerry may consider other potential acquisitions, but if the BlackBerry decides to sell to other acquirers, it must pay Fairfax $0.3 a share of the break-up fee, totaling 157 million dollars. If the acquisition is approved by its shareholders, the BlackBerry will retire from NASDAQ and the Toronto Stock Exchange in Canada. According to Reuters, the BlackBerry is currently in contact with "a number of potential buyers who initially expressed interest in BlackBerry," including Cisco, Google, Intel, LG, Samsungand SAP. The slow pace of the market, the former business machine King has been defeated in fact, for many people, the BlackBerry was not surprised, especially after the company issued a "will seek a variety of strategic options" after the speech, the former business aircraft King has become an indisputable fact. In the "events", the entire United States of communications equipment paralyzed, while the BlackBerry has helped vice president of the United States Cheney successful wireless interconnection, to obtain a line of real-time information. Since then, BlackBerry has established a leading position in government office and corporate Commerce by virtue of its convenient email drive system, and has dominated the North American market for many years. When the world is easy, once was a high weight and the elite are proud of the mobile phone brand, but now face a survival crisis. The reason, like Nokia, is that the BlackBerry has fallen to this point, essentially because of its slow pace and lack of innovation in coping with new changes and challenges. Although the BlackBerry has been a security and business users have been welcomed by enterprises and enterprises, but in the era of smartphones, product performance and configuration has gradually improved, mobile phone appearance, entertainment, application software and other aspects appear more important. But the BlackBerry handset in these aspects innovation strength is not always enough, even has become the conservative and the rigid pronoun. As the famous Silicon Valley tech man Duncan Clark said, the problem with the BlackBerry is that it is not able to build its own ecosystem when it comes to transforming consumers, "perhaps the touch screen or the keyboard is not the key, but whether there is enough software to fit the hardware perfectly to attract consumers." After all these years, BlackBerry cannot rely solely on mail to conquer users. "The BlackBerry seems to be" oblivious "to its own problems, even after being battered by corporate users fleeing and falling performance. This is seen in the Chinese market, and its rivals have been laid out early, and the BlackBerry is left behind. Where will the BlackBerry go? From the recent announcement of the company's adjustment measures, it has withdrawn its ambition to try to focus on the higher ambitions of Apple and Samsung handsets in the mass consumer market, instead focusing on businesses and government users, where users value security and communication faster than games or other applications. Enderle, a technology analyst, said the BlackBerry was "downsizing" by laying off workers and reducing its product line to allow it to stay longer, waiting for buyers to emerge or other opportunities. And for Fairfax Financia to eventually succeed in acquiring the BlackBerry company, investment agency Sanford Bernstein analyst Pierre Ferragus said in a recent report that "chances of success are almost Nil." The future of BlackBerry will be more difficult, said the BlackBerry in the next 6 quarters will consume 2 billion dollars in cash, corporate capital liquidity will be seriously inadequate. Whether it's BlackBerry, or some of its similar once brilliant and now falling mobile phone industry giants, "slimming", sale or privatization may give them a respite, but can not save the enterprise, to revive, must solve its development strategy and createNew issues.