Case File
efta-02672638DOJ Data Set 11OtherEFTA02672638
Date
Unknown
Source
DOJ Data Set 11
Reference
efta-02672638
Pages
2
Persons
0
Integrity
Extracted Text (OCR)
EFTA DisclosureText extracted via OCR from the original document. May contain errors from the scanning process.
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September 18. 1013
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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
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