Description: It was a big news week for Blackberry. First, the struggling technology company released a new handset called the Passport. Then, Blackberry announced its second quarter results. Although the company continues to lose money, its loss of 2 cents per share was considerably lower than the 16 cents per share anticipated by analysts.
Source: Globe and Mail.com
Date: September 26, 2014, updated September 28, 2014
Questions for Discussion:
1) Do you think Blackberry’s new Passport phone has the potential to return the company to profitability? Why?
2) If you were the auditor of Blackberry, how would this latest news influence your evaluation of going concern?
3) If you were a Blackberry executive, what strategies would you recommend to address the firm’s challenges?