BlackBerry Mulls Putting Itself up for Sale

Discussion in 'hardware' started by SweX, Aug 13, 2013.

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  1. MarcP

    MarcP Registered Member

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    Unfortunately, you're right as well...
     
  2. emmjay

    emmjay Registered Member

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    Lenovo is showing an interest in Blackberry.

    http://www.reuters.com/article/2013/10/17/us-blackberry-lenovo-idUSBRE99G15F20131017

    The Canadian telecom industry is a tough place for foreign investors. Researching this one can see that a Chinese based firm will come under a great deal of scrutiny by Canadian officials. If Lenovo does not meet Govt. prereqs (much like it is in China and other countries), then they will not be allowed to acquire BB. It does make more sense for BB to be acquired by Lenovo than by a Financial Institution. I think Lenovo's core business is a better match and they will be able to separate the chaff from the wheat if they were to acquire BB. An interesting development, none the less.
     
  3. dogbite

    dogbite Registered Member

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    Will Canadian Government allow this deal? I am skeptical, maybe they do not want all BB patents ending up in chinese hands.
     
  4. emmjay

    emmjay Registered Member

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    You got it right dogbite. As of yesterday, it is official. Lenovo was turned away by the Canadian Government. They said it was for 'security reasons'. BB sacked the CEO and handed him a $24m firing bonus. BB announced that they intend to keep the hardware division open and it will be BUA. The company is not going to be split into smaller components either. Guess they think they can continue to compete...
     
  5. SweX

    SweX Registered Member

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    http://www.bloomberg.com/news/2013-...culley-says-was-lining-up-blackberry-bid.html
     
  6. Noob

    Noob Registered Member

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    Seems like the BBM craze stopped. :rolleyes:
     
  7. emmjay

    emmjay Registered Member

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    The new CEO, Mr Chen will get $95m if he turns BB around. No indication at this time if he is a slash-and-burn guy, big-balls guy, a visionary or a suit that the Board was comfortable with. Genius or frontman, time is running out.
     
  8. Noob

    Noob Registered Member

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    And he gets to stay as the CEO if im not mistaken.
     
  9. dogbite

    dogbite Registered Member

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    And how much if he fails? I believe still some millions anyway...
     
  10. mattdocs12345

    mattdocs12345 Registered Member

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  11. dogbite

    dogbite Registered Member

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  12. dogbite

    dogbite Registered Member

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  13. SweX

    SweX Registered Member

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    http://allthingsd.com/20131119/a-porsche-designed-2250-blackberry-yeah-thatll-fix-everything/
     
  14. dogbite

    dogbite Registered Member

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    it sounds like another epic fail, doesn't it?
     
  15. emmjay

    emmjay Registered Member

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    They just hit the iceberg again! There were not enough lifeboats the first time they did it, now there are none.
     
  16. ronjor

    ronjor Global Moderator

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  17. MarcP

    MarcP Registered Member

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    I wouldn't expect any other message from them, to be honest.
     
  18. SweX

    SweX Registered Member

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    http://www.bloomberg.com/news/2013-...oxconn-to-make-phones-as-sales-plunge-1-.html
     
  19. ronjor

    ronjor Global Moderator

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  20. ronjor

    ronjor Global Moderator

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  21. emmjay

    emmjay Registered Member

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    A huge tax break and gains from the disposal of real estate assets propped up these results. Their next financial review will be based on how their products and services are performing rather than the latter. If Mr Chen really believes that BB hardware can grab sustainable market share over the next 4 quarters, then he has to consider how consumers buy Smartphone packages these days. I liken it to buying a hamburger: The carrier or seller (store of choice), the bun (hardware), the meat (software) and the apps are the condiments. The services are what can make or break the deal for business clients. Mr Chen may end up having to admit that BB can not hold this concoction together much longer. Twelve months is all he has.
     
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