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I’m melting

23 September 2013 By Robert Cyran

Backer Fairfax has made a $4.7 bln buyout offer for the beleaguered smartphone maker. That might be justified by the company’s $2.6 bln of cash plus the market value of its IP. But a meltdown in demand for its phones makes the case for a successful turnaround a fragile one.

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