The evolution of the tech industry suggests BlackBerry Ltd BBRY doesn't have a right to expect to live.
BlackBerry Ltd (BBRY - Get Report) (BB)’s l ife hangs in the balance as executives try to figure out what to do to save the company. The go-private deal fell through, and now things are even more desperate than ever for the once-dominant smartphone maker. But as most ask whether BlackBerry can survive, one author says that isn’t the right question at all. He says we should be pondering whether the company has any right to survive.
Does BlackBerry have a right to stay alive?
Steve Tobak of Fox Business suggests that BlackBerry Ltd (BBRY - Get Report) (BB) should just go softly into the night. He says it is the nature of the technology industry that one company’s innovation is unseated as king by another company’s even-better innovation. And he’s certainly right. We’ve seen this throughout history time and again. But he doesn’t think BlackBerry has a right to stay alive.
He notes that there was a time when mighty Apple Inc. (AAPL - Get Report) was close to dying, but he says the company’s board “had a clue” and “knew what was going on.” He says Apple chose the right leaders to turn it around. However, he says this is the exception rather than the rule.