BlackBerry (BBRY) recently made a fuss by saying it is “open to going private.” But after a failed relaunch with its Z10 and Q10 smartphone line and a stock that continues to be priced at a steep discount to book value in anticipation of bankruptcy in the next few years, BlackBerry has proved it is going nowhere.
Current CEO Thorsten Heins has been with the company since 2007, which was pretty much the beginning of the end as the Apple (AAPL) iPhone debuted its first-generation model that same year. He took the reins in January 2012, but hasn’t quite delivered on his promises of to reinvigorate the company.
Shareholders have been loyal to the company thus far, almost absurdly so, but even if that changes and they pick up the pitchforks to oust Heins and other leaders … who would want to lead this dying tech company?
The only real hope here is for someone to take over BlackBerry and find a buyer … but who wants a job taking a battered company around and presenting it like a shiny tech stalwart?