CrackBerry 106: November 4th news debrief

By Adam Zeis on 4 Nov 2013 10:42 am
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It's been a crazy Monday for BlackBerry news but we're here to break it all down. BlackBerry isn't going private but they've received a $1-billion investment. Current CEO Thorsten Heins is also stepping down.

Join Kevin, Adam, Chris and Simon as they break down all of the big news and what it means for BlackBerry.

 

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Hosts

Kevin Michaluk
Adam Zeis
Simon Sage
Chris Umiastowski

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Yell at us via the Twitter accounts above (or the same names on ADN). Loudly.

30 comments

Seth Flynn

Firstly great they didn't go private

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foxfoxcool

BlackBerry is f#*$ing DEAD. John said no plan to shut this and that down is because he does not have ANY PLAN YET.

BlackBerry WILL shut down the ENTIRE hardware business. This is what Fairfax wants. This is the hidden condition for the additional $1B injection.

Shame on CEO Thorston and CMO Frank! Kick these guys out ASAP. Then fire the middle layer directors, managers and VPs.

Posted via CB10 with Q10.

vgnxyz

Exhilarating WOW, way to begin a Monday and keep BlackBerry All In! having Flashback of Bond in Casino Royal.

Spades1234

Would it be good if Mike could join up with PW and company?

10

bbfanboi

Yes, there must be a difference of opinion and vision of the company. I think the two could work well together as they both are passionate about that company and its continued success. That passion is critical for the next CEO. This is why I like Mike L as CEO because he would put the company's success ahead of his own monetary gain. For many CEOs, it's just another step in their ladder to wealth and success.

birdman_38

BlackBerry is restructuring again. Yay!

Bold_until_Hybrid_Comes

This time the restructuring is different then last time how? Its more of the same.

birdman_38

It'll be the 2014 version of the annual restructuring, lol

PatrickMJS

I hope Prem brings Lazaridis back into the fold...

tushargkwd

For some reason Prem and Lazaridis are not working together and hence PW has got Chen to look after BlackBerry for now... I hope Chen brings in better future for BlackBerry :)

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calyth

Really? to bring back the guy that ran this company into the sorry state?

Jean-luc_Picard

Actually, that was Jim Balsille.

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mnc76

Accoriding to the podcast, Chris Umiatowski believes BB would have been in a much better position had they listened to Balsilie. In fact, Keven even said he doesn;t think BB10 would have ever been made if it was left up to Lazaridis.

tushargkwd

Just saw the entire hangout video in the other post.... better than listening :)

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Jimmy Fong1

Chen seems to have the experience to reign in the operating expenses of BlackBerry ! Much needed!

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bbfanboi

We need a CEO that can find new markets for BlackBerry and make the brand name mean something special again. They need an evangelist! This was what made Steve Jobs great. He could motivate folks to create great things, and he could motivate people to buy it.

Xader

He asked Chris a question...lol

bbfanboi

Kevin, you say that TH deserved praise for bringing BB10 out, but look at how he padded his wallet to a tone of $55M plus bonuses as he was also sending out 4,500 pink slips. TH was too tight with the marketing budget and stiffled it. Lots of posters and banners in Waterloo but little in key markets like NYC, LA, Chicago, Dallas, etc.
TH did get BB10 on schedule after Christmas, but it was a real strain on the employees to do so - still it needed to be done, and he did it.
"Balsillie was a great strategic thinker"? Who said that???
The new CEO needs to understand the technology market and how to sell to consumers and business. Enterprise users still want apps and other consumer features - that's why they want their iPhones at work! They still want the confidence and protection that BlackBerry security provides, from the MDM to the mobile device itself.

markmall

I fear that TH had incentive to encourage a sale rather than try to turn the company around. A fiduciary should not have such perverse incentives. If his golden parachute was really contingent on bbry changing hands, this stinks. The fact that Prem Watsa put in this golden parachute makes it look even worse.

RonBro66

It's time for you guys to come over to the dark side like I did. Don't sink with the Titanic which is BlackBerry. Apple & Google are in steady waters.

Ron In Motion

Haha! Kevin's intro was hilarious!

Z10STL100-1/10.2.0.1791

Kennedy.L

Simon's questions sounded like he was preparing for a BNN interview...

Ultimate Insider

Blackberry's stocks decline pretty harsh down by 16,41%. Blackberry's market value declines to $3.4 billion.

mnc76

Which is crazy. Their cash + real estate + patents are worth more than that right now.

bellabeljara21

Yeeeyyy !! No matter how, but we're back on track...

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