Investors are no longer wondering whether BlackBerry Ltd. willrun out of cash. For some, it's now a question of when.
The struggling smartphone maker embarked on a plan to raise $1billion in convertible debt yesterday after the collapse of a $4.7 billionbuyout deal. While the effort gives a cash infusion to the company,the move raised speculation by analysts and investors that itsmoney is disappearing quickly.
BlackBerry shares yesterday plunged 16 percent to $6.50 in NewYork, bringing its year-to-date decline to 45 percent. The stockrebounded 3.2 percent to $6.70 at 9:54 a.m. today.
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