BlackBerry Going Down (video)

BlackBerry disclosed it is burning through half a billion dollars in cash per quarter, which shows the urgency of the crisis facing the company. BlackBerry also expects to report a hefty operating loss of nearly $1 billion in its fiscal second quarter due to an inventory buildup of unsold smartphones, and will lay off 4,500 employees.

BlackBerry announces a $1 billion loss and a doomed plan to dig itself out - Quartz: " . . . while BlackBerry was busy trying to compete with Apple, Google and Microsoft for everyday consumers, it missed opportunities to expand on its base of enterprise customers. . . . By now, it’s probably too late. Get ready for the dismantling of BlackBerry."

Why BlackBerry Needs a Sale Sooner, Not Later - Digits - WSJ: "There are different ways to look at that question, but here’s one particularly urgent factor: How much cash does it have left to burn through before simply running out of money to pay the bills? The answer is about 16 months worth, if the way it lost money in the last three months continues. When it reported results for the quarter ending on June 1, the company said it had $3.1 billion in cash and investments. By the end of August, according to the announcement today, that had been whittled down to $2.6 billion."

Google wages war on Microsoft's Office with free iOS, Android apps - Computerworld: "Computerworld - Google on Thursday released new Android and iOS versions of its Quickoffice app, a mobile-only alternative to Microsoft's Office suite, and announced they are now free for the taking. The move puts more pressure on Microsoft to offer Office on iPads and Android tablets, an analyst said. "Google's taking the opportunity to get people to use their technology and adopt it," said Al Hilwa of IDC, "so that when Office comes [to tablets] those people already have what they need with Google's apps.""

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