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BlackBerry may have burned through $800 million last quarter alone

Just about everyone expects BlackBerry’s next earnings report to be a complete horror show, as the company’s fruitless effort to take itself private scared away potential customers and drove its share price to lows not seen in more than a decade. StreetInsider points us to a new research note from Bernstein analyst Pierre Ferragu, who projects that BlackBerry burned through $800 million of its cash pile over the last quarter alone. Or put another way, Ferragu projects that it took BlackBerry only three months to burn through 80% of the $1 billion cash injection it received from Fairfax Financial. That said, there’s

Quoted from BlackBerry may have burned through $800 million last quarter alone on Gadgets News Headlines – Yahoo! News

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