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BlackBerry Comeback Hampered by Vanishing Cash
New CEO John Chen has his hands full, as investors worry about the company's unsustainable rate of cash burn.
Investors are no longer wondering whether BlackBerry Ltd. will run out of cash. For some, it’s now a question of when.
The struggling smartphone maker embarked on a plan to raise $1 billion in convertible debt yesterday after the collapse of a $4.7 billion buyout deal. While the effort gives a cash infusion to the company, the move raised speculation by analysts and investors that its money is disappearing quickly.
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