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Coming from a tiny Canadian company, it was an almost absurdly audacious proposition. In 1998, when
many corporations were leery of e-mail, Research in Motion began selling the idea of sending it
wirelessly through a device that ran on a single AA battery. But thanks to a tiny, yet effective, keyboard
that brought the world thumb-typing and a network that ensured security, BlackBerrys became standard
equipment on Wall Street and in Washington.
While BlackBerry, as the company is now known, created and dominated what became the smartphone
market, competitors, notably Palm, failed. But the company's co-chief executives missed the real threat:
they initially dismissed Apple's iPhone as little more than a toy.
Wage of
EFTA_R1_01946368
EFTA02672638
After that, all their efforts were too late. On Friday, BlackBerry reported a $965 million loss, and
BlackBerry's future now appears to rest with a bargain-basement, highly conditional offer from its
largest shareholder, Fairfax Financial. Whatever happens to the company, many expect that BlackBerry
smartphones are now destined to become relics.
By IAN AUSTEN and JENNIFER DANIEL
2IP age of
EFTA_R1_01946369
EFTA02672639
ℹ️ Document Details
SHA-256
6ffa14a9a6c9cfbaf52d8e2d0c993c2001b7299813408410e286f17efe53d160
Bates Number
EFTA02672638
Dataset
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document
Pages
2
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