As our class always focus on blackberry, the untrue statement of Blackberry’s financial  situation entangles Blackberry with the tentacles of the law. A shareholder claim the Blackberry company mislead investors about its future, including how the BlackBerry 10 smartphone line would fare against competitors.

As a matter of fact, BlackBerry 10 system has not been sought after by the market because it lack of technological innovation. Furthermore, the company was forced to lose nearly $ 1 billion in assets and laid off 40% of the employees. The stock price of the Blackberry rapidly falls.

It is absolutely a bad new for Blackberry which is desired to be sold now. From time to time, the performance of Blackberry has fallen rapidly due to miss opportunities in innovation. Blackberry 10 with high expectations is facing marginalization. Blackberry was left no choice but to sell the brand. It is clear that Blackberry is already gone.