Trading in Blackberry shares was briefly suspended in the lead-up to the company’s announcement that it is exploring ‘strategic alternatives’.
The company, which once dominated the enterprise market, was extremely late moving into touchscreen phones and found itself increasingly isolated by both Bring Your Own Device policies and aggressive pitching to the corporate market by both Apple and Samsung.
This tweet by Techmeme editor Mahendra Palsule perhaps says it best:
In an interesting development, the press release notes Prem Watsa CEO Fairfax Financial has resigned from the board:
The time for Blackberry to explore strategic alternatives was two years ago.
— Mahendra Palsule (@ScepticGeek) August 12, 2013
Perhaps this indicates that the Blackberry’s largest shareholder is at least considering a buyout.
