BlackBerry is simply running out of options to save itself.

BlackBerry's board of directors is considering 'strategic alternatives' to save the company. But at this point, BlackBerry is simply running out of viable options.

NEW YORK (CNNMoney)

The long-delayed Blackberry 10 operating system was meant to be the smartphone maker's savior, but sales have sorely disappointed. That has prevented BlackBerry from resurrecting its once-dominant position in the smartphone market, which has dwindled quickly as Apple, Google and even Microsoft (MSFT, Fortune 500) overtook the company.