Blackberry just announced on Friday that it will cut 4,500 jobs following a gruesome loss. And today news comes that Blackberry is getting a $4.7 billion buyout offer. Well, we saw this coming. It’s like its been the Blackberry suicide watch for the last year and a half. Although at this point, is there anything left worth buying ? I think not.
This sounds like deja-vu all over again. Like the sad saga of Palm and webOS. Acquired by HP for about $1.2 billion in 2010. HP then managed Palm straight into the ground and finally killed it off after the riotous failure of the HP TouchPad tablet that they firesaled at $99 a piece. Then, to add insult to… well their own insult and injury… threw webOS into open source, then finally sold webOS to LG.
HP might as well have just piled up a billion bucks on the front lawn and lit it on fire. Sounds like they are about to have company.