BlackBerry Lawsuit
by admin
A BlackBerry shareholder has filed a lawsuit against the struggling handset maker and two of its executives.
The company is accused of releasing misleading information about the financial health and sales-prospects of the BlackBerry 10. According to the plaintiff , BlackBerry told the investors that the smartphone BlackBerry 10 had been well-received in the market, something they apparently have all wrong.
During the past year , the company lost money, and several analysts have predicted that the company only has, in best case, eighteen months to go, until they will be bank-ruped, writes Phone Arena who is in great company. The Technology newspaper writes that analysts expect BlackBerry to lose around 7 million consumers over the next year.
Potential buyers have recently expressed interest in the company , including Fairfax Financial’s and Cerberus Capital , have announced that they will bid .
” The company was not on the road to recovery, or trying to win more market share. In reality, BlackBerry 10 well received by the market and the company has to make a depreciation of nearly $ 1 billion. The company was also forced to get go of 4 500 employees, which is about 40 percent of the workforce , ” said the lawsuit according to Cnet .
BlackBerry has not respond to inquiries from the American media today. (oct 7th 2013)