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Michael Collins  

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  • Fairfax Financial's Debt Investment In BlackBerry Could Wipe Out Shareholders [View article]
    One of best SA articles to on BBRY to date. Thank you for the great article.

    You have clearly shun on spotlight on perm Watsa's motives here.
    Nov 7, 2013. 05:23 AM | 3 Likes Like |Link to Comment
  • BlackBerry: Strong Buy On Buyout Collapse [View article]
    Hi Andreas,
    Agreed with monstrous write downs coming. But where did you come up with hackable?
    Nov 5, 2013. 06:12 AM | 1 Like Like |Link to Comment
  • BlackBerry's Decision Day: Don't Extend Fairfax Deadline And Auction Off Company Parts [View article]
    too bad it cost $1.5...sometime back it could have gone up $ if he was fired...geez
    Nov 4, 2013. 10:36 AM | Likes Like |Link to Comment
  • BlackBerry's Decision Day: Don't Extend Fairfax Deadline And Auction Off Company Parts [View article]
    It will add insult to injury if the board extends this insider his self dealt golden parachute.

    That would be the most grotesque violation of this boards fiduciary duty to shareholders.

    Thanks for pointing this out Tufenk
    Nov 4, 2013. 08:15 AM | 2 Likes Like |Link to Comment
  • Facebook To BlackBerry: Let's Just Be Friends [View article]
    I'd say just a tad boring and futile article. Nothing new, no strategy, no thinking. Just blah to increase seeking alpha CPM. Disappointing.
    Nov 4, 2013. 07:43 AM | Likes Like |Link to Comment
  • Digital Realty Trust misses by $0.04, beats on revenues [View news story]
    This is turning into an accounting bed of nightmares. The shorts are on to something here.
    Oct 30, 2013. 04:47 AM | Likes Like |Link to Comment
  • With Less Than One Week Left In The Due Diligence Period, What's Next For BlackBerry Investors? [View article]
    Hi Kenny,
    If Prem Watsa discovers more lies and deception at BBRY courtesy of Heins and co mismanagement, he has every right to walk away holding his head up high with his reputation intact.

    The slate of daily lawsuits are not all without merit or reason. These men have behaved fraudulently and we don't know the extent of the damage. I believe that the board forced them to come clean about this at Prem's request. let's just hope the board did a thorough job.

    The question is how bad is it over there? No one knows for sure.

    It is my personal belief that they behaved fraudulently and that is scary because once you open that chasm..who knows where it ends?
    Oct 28, 2013. 02:53 PM | 6 Likes Like |Link to Comment
  • BlackBerry Is A Phenomenal Failure - Time To Buy [View article]
    You forget $500 in tax refunds due. so your downside is not 4B, but 4.5B right there.
    Oct 8, 2013. 03:47 AM | 7 Likes Like |Link to Comment
  • Who Would Buy BlackBerry? Why? [View article]
    Exclusive: Cisco, Google, SAP discussing BlackBerry bids - sources
    ReutersReuters – 11 hours ago
    By Nadia Damouni, Soyoung Kim and Nicola Leske
    NEW YORK/SAN FRANCISCO (Reuters) - BlackBerry Ltd, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said.
    Such a deal would be an alternative to the preliminary agreement reached weeks ago with a group, led by BlackBerry's biggest shareholder, Fairfax Financial Holdings, to take the company private for about $4.7 billion, a bid which has faced some skepticism because of financing questions.
    The company, based in Waterloo, Ontario, has asked for preliminary expressions of interest from potential strategic buyers, which also include Intel Corp and Asian companies LG and Samsung, by early next week.
    It is unclear which parties will bid, if any. But the potential technology buyers have been especially interested in BlackBerry's secure server network and patent portfolio, although doubts about the assets' value remain an issue, the sources said.
    Google, Intel, Cisco, LG and SAP declined to comment. Samsung was not immediately available for comment.
    Possible bidders are proceeding with caution given the uncertainty around BlackBerry, which last month reported a quarterly loss of nearly $1 billion after taking a writedown on unsold Z10 phones.
    The value of BlackBerry's patent portfolio and licensing agreements is likely to halve in the next 18 months, a company filing from this week shows, potentially limiting its attractiveness.
    According to analysts, BlackBerry's assets include a shrinking yet well-regarded services business that powers its security-focused messaging system, worth $3 billion to $4.5 billion; a collection of patents that could be worth $2 billion to $3 billion; and $3.1 billion in cash and investments.
    Adding to the company's woes, it's likely to burn through almost $2 billion of its cash pile in the next year and a half, Bernstein analyst Pierre Ferragu wrote on Thursday after studying the filing.
    Private equity firms that have showed interest in BlackBerry - which also include Cerberus Capital Management - have asked the company and its advisers to provide additional financial details about its various business segments, two of the sources said. That process could take another few weeks, as BlackBerry focuses on taking bids from industry peers, the sources said.
    In August, the company said it was weighing its options, which could include an outright sale, after Reuters first reported BlackBerry's board was warming up to the possibility of going private.
    At that time, it formed a five-member special committee chaired by board director Timothy Dattels. Other members include Chairman Barbara Stymiest, Chief Executive Thorsten Heins, Richard Lynch and Bert Nordberg.
    A spokesman for BlackBerry said in an emailed statement to Reuters: "The special committee, with the assistance of BlackBerry's independent financial and legal advisors, is conducting a robust and thorough review of strategic alternatives." He declined to provide further comment.
    JPMorgan Chase & Co and RBC Capital Markets are advising BlackBerry. The board is being advised by Perella Weinberg Partners, the sources said. Skadden, Arps, Slate, Meagher & Flom LLP and Torys LLP are providing legal advice.
    (Additional reporting by Alastair Sharp in Toronto and Alexei Oreskovic, Poornima Gupta and Noel Randewich in San Francisco; Editing by Christian Plumb and Prudence Crowther)
    Oct 5, 2013. 07:40 AM | 3 Likes Like |Link to Comment
  • A Look Into The Anatomy Of BlackBerry's $1 Billion Loss: More Like An Autopsy Than A Diagnosis [View article]
    You nailed it. Can't stand that you give hats off to Faucette, he was sadly right.

    You also paint a very real picture that makes a take over in the $9 range highly unlikely. Prem Watsa will walk when his done puking through the due diligence discoveries. I expect more bad news as he forces any skeletons out the closet.

    And one thing all should about Heins and co is he is a terrible liar and deceiver.
    Oct 2, 2013. 12:28 PM | 4 Likes Like |Link to Comment
  • Shareholder Inequality: Fairfax's Other Motivations In Its Bid For BlackBerry [View article]
    What a great POV on this sad story. Thank you.
    Sep 27, 2013. 03:59 AM | 1 Like Like |Link to Comment
  • BlackBerry Should Have One More Nasty Surprise Left In The Q2 Results [View article]
    I think they shat the bed well enough on Friday... Its done, no use hoping for more.
    Sep 23, 2013. 11:08 AM | 7 Likes Like |Link to Comment
  • Hedge Your BlackBerry Holdings As Shareholders Get Madder [View article]
    I also think Thorsten and Co helped engineer 70,000 fake apps, and this led to many false market assuring statements about the health of the app ecosystem and the developer support. They need to go to jail for that alone.

    Forget lying about the Z10's 66-75% sell through rate in the Q4 earnings call. Thats just another 5 years to this muppets sentence.
    Sep 23, 2013. 08:41 AM | 4 Likes Like |Link to Comment
  • Bits, Bytes And 7% [View article]
    The change in accounting is that they used to expense small cap ex below $10,000; going forward, they will capitalize such expenses, to be more GAAP-compliant.

    Does anybody here believe, for one second, that every expense below $10,000 is a Cap ex expense now? And to try and hide that behind Gaap compliance is disingenuous at best.

    So even if a piece of equipment that has a useful life of say one year, gets stuffed in Cap Ex now? Really?

    This caused the stock to reverse its come back post Ira Sorhn and hit new lows, too bad.
    Sep 19, 2013. 02:58 AM | Likes Like |Link to Comment
  • Bits, Bytes And 7% [View article]
    DLR's response caused the stock to drop $6 or so mid call last July. Clearly it was well received....and it has been in retreat ever since.

    Highfield has lifted the lid on lease leakage and hiding opex in cap-ex. The market has responded guilty by the share price ation. To what extent is DLR guilty? No one knows, but certainly not a $20 share price. However until they come clean there will be doubt and this uncertainty will cloud this sector.
    Sep 19, 2013. 02:32 AM | Likes Like |Link to Comment