Things are still getting worse for BlackBerry

As part of the restructuring deal that will eliminate 40% of its workforce, BlackBerry will take at least $300M in additional charges. BlackBerry initially projected that number would be $100M, but now it appears it will be closer to $400M. The company still had success in emerging markets as recently as last year, and released its newest smartphone in Malaysia first then the U.K. and Middle East about two weeks ago. It appears sales of this newest phone are not going well. I once called BlackBerry toxic, and it appears that has been an accurate assessment. Fortunately, it looks like BlackBerry is going to be purchased by Fairfax Financial.