Blackout for Blackberry?

It wasn’t that long ago that BlackBerry was the envy of the tech world, everybody wanted one of the oh-so-cool smartphones. But that was before Apple`s iPhones and Google`s Android phones, and a handful of other makers offering faster access to the Internet, better cameras and a world of apps, and BlackBerry paid a dear price.

Investors cheered when BlackBerry`s owners waved the white flag, putting all the parts of the company up for sale. But now, everything has changed. The company is not for sale anymore. Its CEO is on the way out and its biggest shareholder wants to pump $1 billion more cash into it.

Can Blackberry be saved? Josh Lipton reports.

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