Fairfax Financial CEO, Prem Watsa, has sat down with the Globe & Mail to discuss a bit about his companies bid for BlackBerry. Watsa compares the deal to what he pulled off with the Bank of Ireland a bit back and he has “ no doubt that Fairfax will be able to pull off its preliminary $9-per-share bid” for BlackBerry. Most interesting to hear was Prem stating what he thinks of BlackBerry as a company and its direction:
“It’s a good company, it’s a good product. Otherwise nothing could help it,” he says. “Can it compete in the consumer market with Apple and Samsung and the Android? No, we think that’s very tough. But in the enterprise market they’ve got huge advantages.”
That is not a good sign for BlackBerry in the consumer market. On the other hand I hope it means BlackBerry will stop sacrificing its strengths and differentiators to compete with iOS and Android and keep its space in the prosumer market.