Quote:
Originally Posted by TurnedTheCorner
Nortel of the new millennium. Moral of the story? Don't bet on Canadian tech.
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Nah, it happens in the industry. They had a good run, made lots of people lots of money. It is pretty rare to have decades long staying power in the tech industry, especially when you have a very narrow scope of products.
I have got to think that if there was a buyer out there, they'd have been sold by now, though. Surprised the stock is actually staying as high as it is. I guess enough people think people are still interested in the patents, but it really seems that ship has sailed, and no one is going to buy a company just for the patents again.
The rate they are burning cash though, hard to see them staying operational past a year or two. With this news, things will only snowball worse.
Ironic that the explosion of the smartphone industry killed the market leader (by a long shot) of the smartphone industry.