Why the Pentagon Just Saved Blackberry
The Fiscal Times
By David Francis January 22, 2014
BlackBerry has been on the ropes for years, struggling against younger, hipper phones like the Android and iPhone. In a huge bit of luck, the Department of Defense just threw the company a lifeline.
Late last week, the Pentagon announced it would purchase 800,000 BlackBerry smartphones that will be the primary device supported on a new military network as part of a mobility push.
That sent the Waterloo, Ontario company’s stock soaring on the Toronto stock exchange Monday, pushing the stock price up 18 percent. Today, it’s up 9 percent on the NASDAQ.
