Watsa: We want the BlackBerry survive for a long time - Money.pl

id=”inContext_disabled”> 2013-10-01 22:02

Author: James Hajost

few days ago, The Globe and Mail published an article revealing scenes decision-making process that led BlackBerry almost to the bottom of horoscopes, stock quotes, to the land of worst-case scenarios in the press and wieszczonego imminent bankruptcy. It was worth the read this text to find out how difficult dilemmas are often before managing large corporations, as some unfortunate and delayed decision could bring the giant to its knees, as the duration of the belief that you know better he needs the customer can bury innovation. On Sunday, for a newspaper wrote about why Prem Watsa, however, sees the value in the BlackBerry.

key elements affecting the chances of conviction Watsy BlackBerry long-term survival are:

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• always follows from euphoria to panic, from extreme optimism to extreme pessimism – The head of Fairfax Financial believes that the market is just as wrong as to the value of your BlackBerry now, as he was wrong when one share of the company valued at nearly $ 150. Watsa says: “If you read newspapers and analysts, it looks like the BlackBerry was going out of business. A five years ago it looked as if RIM control the world. And both images are false. First it was not true, as we have seen, and humbly suggest that the other is also not is “
• BlackBerry can not compete with Apple and Samsung, but it has a definite advantage in the corporate market – Apparently Prem Watsa BlackBerry applauds the decision to focus on business customers, government and active professional consumers (so-called prosumer market).

If Watsa is right, and proved that he can invest in companies that others seem to be worthless (Globe and Mail cites the story of the Bank of Ireland), it can take blackberry smartphone manufacturer in a very bargain price, to that in the final stage of the transformation, and perhaps just before leaving on a straight line.

First of all, the head of Fairfax believes that customers are hesitant to buy BlackBerry smartphones is because of uncertainty about the future of the company. Even believes that the completion of due diligence and acquisition of BlackBerry by a consortium led by the Fund, will give customers a sense of stability sufficient to again willingly chose Canadian unit.

keep our fingers crossed and hope that the man is not without reason called the Canadian Warren Buffet, once again succeed and breathes new life into the BlackBerry. We are curious about your opinion on the matter. Do you share the belief Prema Watsy? Let me know in the comments!

via crackberry / Source: theglobeandmail.com

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