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Lessons BlackBerry Can Learn From Dell

Just as Dell finally nears the end of its torturous, six-month long buyout process, another past-its-prime former tech rock star appears to be laying the groundwork for a buyout of its own.By revealing plans this week to explore strategic options, including a possible sale, BlackBerry (NASDAQ:BBRY) is all but waving the white flag after losing a punishing battle with Apple (NASDAQ:AAPL) and devices powered by Google's (NASDAQ:GOOG) Android.Despite similarities with the situation at the slumping PC maker, BlackBerry's newly-formed special committee can avoid the drawn out and contentious process facing Dell by being prepared for rival bids and activist investors, setting reasonable price expectations and keeping the process very transparent."Don't be caught flatfooted the way Michael Dell was. Be ready for the Carl Icahn person who is going to poke his nose in your business," said Anthony Michael Sabino, a professor at St. John's University.As BlackBerry's market capitalization has shri...

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