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BlackBerry (BBRY +2%) spikes higher on rumors Carl Icahn has bought a stake in the company. H-P...

BlackBerry (BBRY +2%) spikes higher on rumors Carl Icahn has bought a stake in the company. H-P was the beneficiary of such rumors a couple weeks ago. Earlier today, Scotia Capital argued a strategic partner such as IBM (once reported to be interested in BBRY's network operations centers) is likely to buy the company.
Comments (41)
  • We shall know soon enough if this is true or not. Manipulation works both ways.

     

    -Cheers.
    9 May 2013, 11:56 AM Reply Like
  • Wouldn't be surprised. Icahn always eyes on buyout candidates with a large short float.
    9 May 2013, 11:59 AM Reply Like
  • He buys up stakes to create a short squeeze and forces out the board members, installing his own. Then he either turns the company around or sells it. Don't bet against Ichan.
    9 May 2013, 01:14 PM Reply Like
  • Has Icahn's spokesperson made any comment yet?
    9 May 2013, 12:04 PM Reply Like
  • I hope IBM realizes that even $40 is not paying a premium. With watsa on the board, I'd hope that any low ball offers get quickly rejected.
    9 May 2013, 12:08 PM Reply Like
  • It would be more happy with a $40 offer now than a $40 share price in two years. I rather have the money now so I can reinvest it to make more money.
    9 May 2013, 01:17 PM Reply Like
  • I will take a good rumor any day over a non-factual BB Bashing article.
    9 May 2013, 12:08 PM Reply Like
  • all the fun goes to the paper players and not anyone is looking at how to use the BlackBerry effectively to serve the people. curious at best - but logic is dead. so who knows. fortunately the one thing Mr Harper has done is to keep BlaCKBERRY Canadian - how long before he changes his mind and what will he trade for it?
    9 May 2013, 12:16 PM Reply Like
  • sadly, mr. harper uses an iphone...
    9 May 2013, 10:58 PM Reply Like
  • ...and Obama uses a BlackBerry... perhaps the USA deserves to own it. :-) Personally, I prefer this to Lenovo.
    12 May 2013, 01:38 AM Reply Like
  • With value investors like Watsa, corporate raiders like Icahn, hedge fund managers like Loeb on the same stock, $BBRY looks like becoming to be a $HLF party in Warren Buffet's garden. What are the chances to see Dave Einhorn and Ackmann claiming being short on $BBRY? Looks like fun.
    9 May 2013, 12:17 PM Reply Like
  • Judging from the volume, the big boys are still on the sideline... but yes, it's going to be fun.
    9 May 2013, 01:41 PM Reply Like
  • You would never know it based on the stock price action. I hope your right.
    9 May 2013, 12:20 PM Reply Like
  • If #Icahn does disclose a long position, option writers will be raped instantly.
    9 May 2013, 12:23 PM Reply Like
  • @BBRY bears, my condolences...
    9 May 2013, 12:24 PM Reply Like
  • Just what thus stock needs...more rumours!!
    9 May 2013, 12:25 PM Reply Like
  • Hmmm, good rumours, that stock needs good rumours!!! :-)
    9 May 2013, 03:50 PM Reply Like
  • It doesn't need rumors but decent hard facts. I want sales numbers to shut the analysts up, a takeover bid from an American tech company and a 10% stake of Icahn confirmed...

     

    $BBRY investor relations hasn't done a good job so far..
    9 May 2013, 03:54 PM Reply Like
  • Yes, the next fiscal report will show the truth, and i think that report will show us high sales numbers :-)
    9 May 2013, 04:59 PM Reply Like
  • Lets see if we can start a better rumor for another 2%.

     

    "Apple has made an offer of 40$ a share for BBRY because they can no longer compete."
    CEO claims ..."If you can't beat 'em join 'em!"
    9 May 2013, 12:27 PM Reply Like
  • Man, I'd love to hear that.
    9 May 2013, 11:24 PM Reply Like
  • Any positive rumor is good for any company
    9 May 2013, 12:48 PM Reply Like
  • The IBM takeover rumor makes a lot of sense. IBM sold the Thinkpad product line to Lenova years ago and BB10 handsets that work like mini-computers seems to be a perfect fit for that product line gap. Watsa's cost/share is 17+ and he said the stock is worth 40+ in long term, so let's see how it goes.
    9 May 2013, 12:49 PM Reply Like
  • Is this the weekly Thursday news manipulation story? Meaning, the story is made up by the manipulators/shorts to spike the share up a little and get people excited then hours later or tomorrow a report surfaces that the news is not true and the stock plunges to levels BELOW when the rumor first started?? Think Lenovo. Just saying.

     

    -Cheers.
    9 May 2013, 12:49 PM Reply Like
  • I had that same exact thought
    9 May 2013, 01:41 PM Reply Like
  • Actually all kidding aside - I dont understand why Apple do not buy BBRY. it will do the following for them:
    1) Give them new technology that they can use;
    2) Get themselves entrenched into the Enterprise space;
    3) Prevent Samsung from getting a foothold in the enterprise space; and
    4) Gain additional market share on the cheap....
    9 May 2013, 12:50 PM Reply Like
  • That will never happen, $AAPL at this point is too prideful!! IBM makes way more sense!
    9 May 2013, 01:10 PM Reply Like
  • The jump in the stock is quite measured so it is obvious that folks are not convinced about the rumor (which to me is good news). IMO, such rumors (like bear attacks) do not do any good to the stock, just brings more volatility in the mix.

     

    I am happy about the fact that Prem Watsa is invested in $BBRY - his personal track record of returning 27% year over year for 27 years speaks for itself (even beats Warren Buffett's track record in terms of the duration). I am at peace with my investment in $BBRY knowing that Prem Watsa and his team has done sufficient due diligence. If it does turn out that Icahn is indeed invested in $BBRY that will be an icing on the cake.
    9 May 2013, 01:02 PM Reply Like
  • That's a great way to look at it.
    9 May 2013, 01:03 PM Reply Like
  • Would be good to find out Giuseppe Locatelli's track record on such tweets. That said, Icahn's stake in NUAN didn't help the stock much. I think after a 9% hike or so, it settled back down to its original 19ish. It's down now on bad earnings.

     

    -chez
    9 May 2013, 02:48 PM Reply Like
  • I read that it was Antonio Costa.
    9 May 2013, 02:58 PM Reply Like
  • Yes, it was Costa.
    9 May 2013, 03:13 PM Reply Like
  • Costa just tweeted what he read on Benzinga
    9 May 2013, 03:40 PM Reply Like
  • @cheznazi, did you change your id?
    10 May 2013, 01:51 AM Reply Like
  • "...strategic partner such as IBM (once reported to be interested in BBRY's network operations centers) is likely to buy the company."

     

    It would be great if a bidding war occurs. I loved holding 3Par as (HPQ) and (DELL) kept bidding up for the company. Best quick double I ever made.
    9 May 2013, 01:29 PM Reply Like
  • I don't think that anyone will buy Blackberry. Usually a takeover makes sense when you got parts of both companies that you can merge, ie. savings. But Blackberry is pretty much a standalone business. A merger with an another phone maker would probably tarnish it's safety reputation. And how exactly would you merge Blackberry into a vast structure like IBM without watering down Blackberries strength?
    I think these rumours will stay rumours.
    Maybe an investment fund could see an opportunity in BBRY, but for these (more conservative) guys the success of the new BB 10 is probably not secure enough (yet).
    9 May 2013, 04:56 PM Reply Like
  • IBM needs some Mobile strategy. BES10 offers that as does the secure Network BlackBerry owns. They could sell off the hardware, license out the OS and strengthen the BES 10 Mobile portion. IBM is Business Infrastructure and the move away from Desktops to Mobile would leave them out in the cold...great fit in my mind...better than most buyout scenarios i have heard.
    9 May 2013, 05:12 PM Reply Like
  • I agree Kurt
    9 May 2013, 10:28 PM Reply Like
  • Tasty
    9 May 2013, 06:44 PM Reply Like
  • If Prem Watsa says it's worth $40 long term, then it'll shoot up to $50 or $60 if anything is announced.

     

    My condolences to Shorts, Not!!!
    9 May 2013, 11:24 PM Reply Like
  • Wow, that name opened up my eyes big time. Definitely a SMART move by Carl Icahn.
    9 May 2013, 11:25 PM Reply Like
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