1. saintforlife's Avatar
    I know BlackBerry isn't bankrupt like the Detroit automakers were during the Great Recession, but 'bailout' in the sense of saving the company so it doesn't get broken up and cease to exist as the company we have come to admire and love. In its own way RIM/BBRY is too big to fail for Canadians and the government should step in and take over and run the company at a loss or whatever till they can turn the ship around. Take the painful road to recovery and do it right this time - QNX integration, apps, marketing etc. If the government takes over at least they won't be under pressure to turn a quick profit or make some kind of a hasty decision which might just kill the company in its current form. I can't imagine BBRY without its hardware business. Imagine a world without a high end QWERTY smartphone device. :cry:
    09-05-13 04:03 AM
  2. birdman_38's Avatar
    Canadian taxpayers would never approve. BlackBerry had a second chance to get it right and they blew it big time. Do you believe Canadians would want the government to intervene with the chance BBRY could underdeliver and fail again?
    JeepBB and Poirots Progeny like this.
    09-05-13 04:22 AM
  3. BadGoliath42's Avatar
    I think if the Canadian government were to buy BlackBerry, there would be a lot more pressure to perform than they have actually. That is citizen money we are talking about, and they would obviously have to borrow the money to buy it, ending in a loss for several years, which is not favorable to the budget at all.

    Add to that that even if BlackBerry's reputation is not as bad as in the USA, it is not great either. Only people from Ottawa/Waterloo region will truly understand the impact of losing BlackBerry, others would probably let it sink. This will not be seen favorably for the actual conservative party for the next elections. And basically, their philosophy is more of a non-interventionism.

    Also don't forget that governments jobs are very well known for their lack of dynamism, either in the specific job or in managing which I think would not help.

    And finally, all the latest speculations are still rumors. It doesn't mean BlackBerry will get sold, in parts or as a whole, and it doesn't mean that even if it gets sold that all Canadian employees will be losing their job. In that context, the government can't intervene.

    If the situation gets worse, I think they could buy a part of it temporarily with others funds, but not the whole company, and not decisively. And don't get me wrong: in an utopian world, I would love to see BlackBerry as a government controlled independant company. We just don't live in there.

    Posted via CB10
    09-05-13 04:31 AM
  4. saintforlife's Avatar
    Canadian taxpayers would never approve. BlackBerry had a second chance to get it right and they blew it big time. Do you believe Canadians would want the government to intervene with the chance BBRY could underdeliver and fail again?
    A lot of people in the US, especially conservatives, were opposed to the auto bailout. They wanted GM and Chrysler to go bankrupt. But the long terms effects of letting iconic companies wasn't going to be a good thing and the government stepped in. 2 years later GM and Chrysler paid off their debts and people forgot about the bail outs after a while. The end result is that the companies are still alive and well today and continue to provide employment to thousands of people.

    I know government taking over private companies is a 'socialist' thing to do and not a popular choice, but sometimes you have to make the tough choices, I guess. If the Canadian government thinks that BBRY is worth saving, they should do something. When things settle down in a couple of years, they can sell back their stake and let the company function on its own as before. It is only a short term solution, never intended to be permanent.
    09-05-13 04:35 AM
  5. birdman_38's Avatar
    A lot of people in the US, especially conservatives, were opposed to the auto bailout. They wanted GM and Chrysler to go bankrupt. But the long terms effects of letting iconic companies wasn't going to be a good thing and the government stepped in. 2 years later GM and Chrysler paid off their debts and people forgot about the bail outs after a while. The end result is that the companies are still alive and well today and continue to provide employment to thousands of people.
    I didn't follow that situation as closely as BlackBerry's but the government likely knew those companies had a good chance at a meaningful turnaround. Although the automotive and smartphone industries have some parallels, it's a whole different ball game. The market is too volatile and changes on an annual basis. BlackBerry has proven they can't adapt quickly enough to stay competitive.
    09-05-13 04:45 AM
  6. pblakeney's Avatar
    They would have to move to Quebec for this to happen ...


    Posted via CB10
    ray689 and MobileMadness002 like this.
    09-05-13 04:49 AM
  7. Mr.mister's Avatar
    They would have to move to Quebec for this to happen ...


    Posted via CB10
    Yeah and the government would force them to change the name for "mre sauvage"!

    Posted via CB10
    09-05-13 04:53 AM
  8. eldricho's Avatar
    Yeah and the government would force them to change the name for "mre sauvage"!

    Posted via CB10
    And force them to sell hot bagels next to the smartphones

    Posted via CB10
    09-05-13 05:36 AM
  9. bobshine's Avatar
    Not sure exactly how the Canadian government "bailout" BlackBerry. Pay their debt? They don't have debt. Buy them? How would that help BlackBerry ?

    Posted via CB10
    09-05-13 05:44 AM
  10. Theiceman01's Avatar
    bb has a ton of cash. they don't need a bailout. just someone who is an inovative thinker and will provide hardware and apps people will like.
    the government ain't it.
    09-05-13 05:48 AM
  11. Dapper37's Avatar
    BlackBerry needs to halt the negative perception. The one that's mainly been created by the media! Where's the hate for HP, Dell?
    BlackBerry needs a foundation first so people understand it's not going anywhere! The Gov could offer that with a statement! Additionally it's posible if Canada wanted to support it's future in the tech space. BlackBerry could double their outstanding shares. The government of Canada could buy them at market price with a deal to buy them back within 5 years.
    My personnel opinion is that BlackBerry is 1 or 2 devices and OS updates away from stability, even with the media hate machine in full force!
    If BlackBerry and Canada don't prove it, someone else will.

    Posted via CB10
    brout likes this.
    09-05-13 06:44 AM
  12. FFR's Avatar
    BlackBerry needs to halt the negative perception. The one that's mainly been created by the media!

    My personnel opinion is that BlackBerry is 1 or 2 devices and OS updates away from stability, even with the media hate machine in full force!


    Posted via CB10
    Contradictions.


    The Canadian government will not bail out blackberry.
    mikeo007 likes this.
    09-05-13 07:44 AM
  13. Zezel's Avatar
    Never. This is business. We sell BES software and it is damaging to our business this current reality but business is business.

    If no one wants your products it tells you something.

    Zezel.com - Mobile: Monitor. Manage.
    09-05-13 08:03 AM
  14. exiledcanadian's Avatar
    As was pointed out previously, BlackBerry doesn't have any debt and has billions in cash reserves. Also, BlackBerry is not asking for a bailout nor have they given any indication that they need one. The problem with the company is not a lack of money or good products, it is a lack of effective marketing and significant innovation that would attract former users back to the platform and encourage iOS and Android users to switch. No bailout will ever change that. They are now a niche player and will remain so unless they can come up with an unbelievably innovative product that revolutionizes the industry. That's what Steve Jobs did with Apple and the iPhone.

    The whole point of a bailout is to help a debt-ridden, struggling company get back on their feet financially. A government bailout would be considered irresponsible by the Canadian taxpayer and would imply to stockholders that the company is in worst shape than they actually are. A bailout would cause the stock to plunge as investors would dump their positions.

    Any way you look at it, it doesn't make any sense.
    09-05-13 09:01 AM
  15. Kriilin Namek's Avatar
    Who's to say there aren't negotiations going on for the CPPIB to buy into them and take them private? AFAIK, Lazardis didn't sell his stake when he left, between him and Prem( sp?) how much of BB do they own? Remember the CPPIB made a load of cash from Skype, maybe they see enough value in the company that others don't, especially with others trying to put nails in the coffin of something far from dead. That scenario would also pass the Investment Canada Act.
    09-05-13 09:03 AM
  16. BadGoliath42's Avatar
    They would have to move to Quebec for this to happen ...


    Posted via CB10
    Yeah, as if we didn't have enough debt already.

    Posted via CB10
    09-05-13 11:05 AM
  17. anon1727506's Avatar
    As was pointed out previously, BlackBerry doesn't have any debt and has billions in cash reserves. Also, BlackBerry is not asking for a bailout nor have they given any indication that they need one. The problem with the company is not a lack of money or good products, it is a lack of effective marketing and significant innovation that would attract former users back to the platform and encourage iOS and Android users to switch. No bailout will ever change that. They are now a niche player and will remain so unless they can come up with an unbelievably innovative product that revolutionizes the industry. That's what Steve Jobs did with Apple and the iPhone.

    The whole point of a bailout is to help a debt-ridden, struggling company get back on their feet financially. A government bailout would be considered irresponsible by the Canadian taxpayer and would imply to stockholders that the company is in worst shape than they actually are. A bailout would cause the stock to plunge as investors would dump their positions.

    Any way you look at it, it doesn't make any sense.
    I think the ER is going to take care of that.... if they don't already realize it.

    They don't need a bailout, they need a product to sell that consumers will buy. The reason consumers aren't buying are pretty simple, it DOES NOT DO what they want it to do. They way to fix that problem is VERY complicated, expensive and time consuming - and apparently beyond management's ability to accomplish. A bailout is not going to magically make BB10 a consumer product.
    09-05-13 11:22 AM
  18. lnichols's Avatar
    If you have 3 Billion in the bank, and are still selling devices, you do not need bailed out. The Canadian government can't go in and fire the incompetent board and executive team because they are destroying what little is left of the name BlackBerry, or make them change the name to something less poisonous. Nope the only way that things will change now is if BlackBerry stops being BlackBerry, and is bought by some company with a name and branding that isn't associated with death, outdated gear, poor credibility and incompetence. BlackBerry now has a great product and OS, the Albatross is the company itself and they are too arrogant to realize that.
    09-05-13 01:11 PM
  19. kbz1960's Avatar
    So you them to bail bbry out? What other companies should they bail out that are struggling? All of them?
    09-05-13 01:18 PM

Similar Threads

  1. 9930 in the wild
    By Atony7 in forum Sprint
    Replies: 3
    Last Post: 09-06-13, 06:11 PM
  2. CrackBerry after BlackBerry sale
    By Supa_Fly1 in forum General BlackBerry Discussion
    Replies: 15
    Last Post: 09-06-13, 04:10 PM
  3. I want a new Blackberry!
    By E92Vancouver in forum General BlackBerry Discussion
    Replies: 11
    Last Post: 09-05-13, 07:50 PM
  4. CrackBerry after BlackBerry sale
    By Supa_Fly1 in forum BlackBerry 10 OS
    Replies: 3
    Last Post: 09-05-13, 12:07 AM
LINK TO POST COPIED TO CLIPBOARD