Prevent Bankruptcy, Blackberry selling 5 factory buildings

The entry of the BBM in the iOS and Android platform, the economy did not seem to help much this company. This is evident from the company's financial statements in the third quarter of 2013. The company suffered huge losses that the company had to sell five buildings.

Many of the company’s business in order to continue to stand up , like last October BlackBerry reportedly cut 4,500 employees , or 40 percent of its workforce worldwide , until the issue that these companies sell their land and building assets in Canadian hometown . At that time the company suffered losses of up to 995 million U.S. dollars.

Now to prevent these companies go bankrupt BlackBerry decided to sell its five buildings that will be purchased by the University of Waterloo with a value of USD 41 million. The sales value can help reduce the losses suffered by the company, which reportedly amount of the loss could be USD $ 4 billion, due to increase costs of production hardware 10 Blackberry handsets. But unfortunately this smartphone is not sold in the market are not able to compete with iOS and Android platforms.

Reportedly building purchased by the University of Waterloo will be used as a lecture building in early 2014, and will be doing some renovations in each building considering the building previously used as a factory by the BlackBerry.

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