Anyone hoping the Canadian Government will intervene to help BlackBerry through its troubled times will be disappointed. According to Bloomberg, Canadian Industry Minister James Moore signaled BlackBerry is on its own.
“This is a Canadian company with a long track record of stirring up innovation and important changes in the products we all use,” Moore said today in an interview in his Ottawa office. “They employ a great number of Canadians. It’s been a source of Canadian pride and we hope that they do well.”
The Canadian Government obviously wants BlackBerry to do well, but they apparently have no intention of stepping in with a bailout. “It’s for them to engage the market and provide devices and services, platforms, content that the market will receive well."
Rumors are swirling that BlackBerry will likely go private, or auction off parts of the company for sale. Either road they take will be risky, but perhaps going private is the best road for BlackBerry. Private companies do not have the same reporting requirements and BlackBerry could do without the constant stream of bad news that is reported.
“This is a Canadian company with a long track record of stirring up innovation and important changes in the products we all use,” Moore said today in an interview in his Ottawa office. “They employ a great number of Canadians. It’s been a source of Canadian pride and we hope that they do well.”
The Canadian Government obviously wants BlackBerry to do well, but they apparently have no intention of stepping in with a bailout. “It’s for them to engage the market and provide devices and services, platforms, content that the market will receive well."
Rumors are swirling that BlackBerry will likely go private, or auction off parts of the company for sale. Either road they take will be risky, but perhaps going private is the best road for BlackBerry. Private companies do not have the same reporting requirements and BlackBerry could do without the constant stream of bad news that is reported.