It’s amazing how trends, corporate greed, hubris and just plain old bad marketing can kill a business. Then there are things like unions and pensions that can knock companies for a loop too….
Think back to the heady days of 15 years ago, when…like 1929 revisited everybody with a few bucks to invest went running to their broker to buy the next great www dot insert company here dot com. I remember around 2000 how a neighbor, who financed his new home with global crossing stock as collateral moved out almost in shame when the company went belly under….one of the finest, slickest tv studios i ever worked in…outside of a network…was operated in a beautiful ny building owned by Lehman brothers…which tanked in 2008…Washington mutual seemed to have branches from new England to Washington state to mars….but became a poster child for the mortgage melt down…I’m still not quite sure what happened to hostess…it’s not like the entire Twinkie and ding dong market….rushed to get on the Medifast train, although clearly that could help millions…
Change happens so fast these days…been to Bennigans lately---flown northwest or continental they're gone out of business or consolidated...i thought borders…the hip bookstore…music store and café was a great concept but ebook, wif, iPads, and Starbucks unwittingly combined to drive borders south of the profit border and into bankruptcy online shoppers may yet kill off best buy…and JC Penney is treading water too as so many department stores that have become the ubiquitous whatever turned Macys…
And now it’s the bottom of the 9th for Canada’s research in motion…inventor of the once ubiquitous now nearly obsolete blackberry…well tomorrow will be a seminal day for the Canadian based company which gave us the first truly addictive p-d-a Word is a new and really improved blackberry will make it’s debut…with androids moving in for the kill…yes everybody who wants an i phone apparently has one….analysts think crackberry 2 point oh actually it's called blackberry 10 could be a winner for several reasons...supposedly it's got a nice, large user friendly key board for those of us prefer to type with more than just our thumb the ability to keep work and personal identities separate...you'll see it soon at the big phone stores and in --what else a Superbowl commercial...if blackberry 10 isn't a hit...research in motion....may be bankruptcy in motion...from a 46 percent share of the market---blackberry has dropped to just 2 percent along the way...70 billion dollars in shareholder value.
