1 An extended period of lost market share in their particular category
2. An extended period of financial losses or a pattern of annual losses
3. Serious management problems that raise questions about the business model or long-term strategy of the company
Gee, that sounds exactly what happened to the company I used to work for.
I'll add a couple more red flags to the 3 mentioned in the article:
4. As an engineer, you get calls from a supplier asking why accounts payable isn't returning their calls.
5. Poor employee benefits as the company can't afford to offer what is typically offered in the job market.
Additionally, they constantly tried to raise more capital with stock offerings to cover "general business expenses",
and merged with several other companies in similar condition to make a bigger steaming pile of high entropy /low energy content matter to offer the gullible investment community.
There are a lot of these companies out there. They should be culled as they are toxic to the economy. The problem is, you have C-level management and investment companies which specialize in dicing and slicing these troubled companies to present to investors, and that prolongs the pain to customers, investors, and employees.
My first BlackBerry phone is a passport, I would miss BlackBerry OS if (when) it dies. both the form factor as well as the OS makes it the best productivity device I ever owned.(I used ios and a lot of flagship android phones before owning the passport)
It is a shame that BlackBerry tried to market BlackBerry OS as an consumer OS. Also most gadget reviewers like games and the latest social media platforms so it seems silly to send a unit for review to them. I think they failed to market it correctly while the market for this type of device is smaller than for an iPhone it is bigger than the number of BlackBerry devices sold.
I really hope they continue to make BlackBerry OS devices I dread the day I have to go back to android or iphone
I have a Passport and love everything about it. I think the Priv is going in the wrong direction (BB10 OS is much better than Android) but I can see why Blackberry is caving to that market.
That said, if an all-Android Passport came out,I'd buy it in a heartbeat.
6 comments
[ 5.0 ms ] story [ 23.4 ms ] thread2. An extended period of financial losses or a pattern of annual losses
3. Serious management problems that raise questions about the business model or long-term strategy of the company
Gee, that sounds exactly what happened to the company I used to work for.
I'll add a couple more red flags to the 3 mentioned in the article:
4. As an engineer, you get calls from a supplier asking why accounts payable isn't returning their calls.
5. Poor employee benefits as the company can't afford to offer what is typically offered in the job market.
Additionally, they constantly tried to raise more capital with stock offerings to cover "general business expenses", and merged with several other companies in similar condition to make a bigger steaming pile of high entropy /low energy content matter to offer the gullible investment community.
There are a lot of these companies out there. They should be culled as they are toxic to the economy. The problem is, you have C-level management and investment companies which specialize in dicing and slicing these troubled companies to present to investors, and that prolongs the pain to customers, investors, and employees.
1. Cost of goods is not controllable
2. Competition is arguably my-playlist-algorithm is better than yours.
3. Google, Amazon, and Apple run their service at break even to a loss and make up the difference with ancillary revenue.
I'm surprised FourSquare wasn't listed. They're going for another $40mm round at half of their prior valuation.
It is a shame that BlackBerry tried to market BlackBerry OS as an consumer OS. Also most gadget reviewers like games and the latest social media platforms so it seems silly to send a unit for review to them. I think they failed to market it correctly while the market for this type of device is smaller than for an iPhone it is bigger than the number of BlackBerry devices sold.
I really hope they continue to make BlackBerry OS devices I dread the day I have to go back to android or iphone
That said, if an all-Android Passport came out,I'd buy it in a heartbeat.
GM: why would anyone buy a car from a company that covers up safety defects?
Yahoo: what do they still do? I have no idea how they're still alive except for Alibaba.
Microsoft: who wants an OS that spies on them and has the worst UI conceivable? How long can they continue dumping cash on phones that no one wants?
Blackberry: even the US government doesn't use them any more.
Comcast (and friends): I can only hope.... too bad they have local monopolies on cable service. Google Fiber can't come fast enough.