BlackBerry's meltdown sparks start-up boom in Canada's Silicon Valley

Apr 16 2014 2:43PM EST | Source: REUTERS Technology

(Reuters) - The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings.