Money

As Expected, BlackBerry Will Be a Smartphone Bloodbath Victim

If you were surprised by this week’s “stunning” news that once king-of-the-hill smartphone vendor BlackBerry (BRRY) and its shares took another leg down, I have to say you should be reading my investment newsletter PowerTrend Profits. In addition to firing Chief Executive Officer (CEO) Thorsten Heins, BlackBerry also opted for a $1 billion fundraising plan from its largest shareholder rather than $4.7 billion rescue bid.

The way the media is reporting it, it was BlackBerry that opted for the change in terms, but I am more inclined to think it was Fairfax Financial, the company’ s largest shareholder, that altered the terms of the deal.

Here’s why I think that…

Read about BlackBerry’s trend of failure at Eagle Daily Investor.

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