Seeking Alpha

BlackBerry shoots higher on hope for bid

  • Re-opened for trade, BBRY gains 7.6% premarket to $10.49 on hope for a buyout bid after Fairfax Financial's Prem Watsa - the company's largest shareholder - resigns from the board amid the formation of a special committee to explore strategic alternatives.
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Comments (14)
  • thenatural88
    , contributor
    Comments (57) | Send Message
    This is going to happen fast. Watsa and the Canadian pension fund will have this in private hands within a week maybe two. It's high time too. You can't turn a company around with the shorts sabotaging you at every turn. This will put an end to the negative ad campaign organized by hedge funds.
    12 Aug 2013, 08:59 AM Reply Like
  • heronl
    , contributor
    Comments (17) | Send Message
    BBRY up over 9% must be good news!
    12 Aug 2013, 09:05 AM Reply Like
  • ATInsider
    , contributor
    Comments (424) | Send Message
    This is not going Private just a strategic partnership.
    This could give BlackBerry the needed push to go forward with BB10.


    BB10 has already proven to be the best mobile platform and the only true multi-Tasker out to date.
    12 Aug 2013, 09:05 AM Reply Like
  • LYogi
    , contributor
    Comments (2427) | Send Message
    praying for a strategic partnership. I want to own the fruits of this company for many years ahead....
    12 Aug 2013, 09:12 AM Reply Like
  • fdmicmul
    , contributor
    Comments (15) | Send Message
    I can't see why he would resign if it was a strategic partnership. I think he is looking to be involved in some way in purchasing the company.
    12 Aug 2013, 11:23 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4842) | Send Message
    All this beats the heck out of me, for I have just seen a Z10, and it is NAFF! It appeared in a local supermarket among the other phones on display, no fanfare or promotion; not even a poster! The feature box is filled, which, other than for the OS, makes it indistinguishable from other top end phones.


    Who ever told us it is stylish were pulling our plonkers, for it has all the visual appeal of a house brick; they've even managed the matt-black finish seem, well, DULL (in every respect) especially in contrast with the Kumia 920 & 925s which have also turned up. These too are brickish, but with a much better screen area to body size ratio, and the gloss & colours are lovely, but even these cannot compare with the gorgeous Samsung Mega, which is more than twice as big, and ALL screen (and 50€ cheaper)!


    So the Z 10? It looks like what it is; a mid range escapee from a couple of generations ago, which would be fine and dandy if it was priced accordingly, but instead it has the highest sticker price on display! So it has the best OS? That won't matter to those who don't know, or have never heard of QNX, and other than at corporation level, there's no word of mouth to speak of (no pun intended): I hung around, hoping a member of staff would give me a demonstration (no show) and watched the other dozen or so customers for a few minutes, during which time not one did more than glance at it.


    BBRY do not seem to want to promote this, and there's no way this ugly spud is going to sell itself, at this price, so no wonder sales are disappointing...
    12 Aug 2013, 09:27 AM Reply Like
  • GregScotts
    , contributor
    Comments (82) | Send Message
    You are wrong. The Z10 is a fine looking phone.
    12 Aug 2013, 09:32 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4842) | Send Message
    I can only speak for myself (and all those others who weren't looking at it)...
    12 Aug 2013, 09:35 AM Reply Like
  • nezlob
    , contributor
    Comments (48) | Send Message
    You are an idiot, you don't need to run down the z10 or BBRY Thorsten Heins can do it with no help from you. I just don't get you and your like, I might go into a shop and think something is not all that, but I don't feel the need to go and slag it off anywhere, what is the matter with you.
    I am feeling bitter today as BBRY have taken the possibilty of success from us all, because they never had the bottle to stand up for themselves. They have whimpered their way through these last few months, causing all who had faith in them to lose money and as things haven't gone their way, rather than fix the causes they are hiding behind a sellout.
    These odd rumours I have read that Heins has been axing staff willy nilly on the basis they don't perform to his satisfaction, should have told me he is an arrogant waste of space. People who treat people like this get found out. Maybe hasn't been found out yet but now he is getting rid of shareholders who he feels are letting him down, maybe he should look in a mirror. Don't think he will be caring about us anymore than he seems to about employees, this new deal I bet falls way short of the eternal optimists on here ideas.
    So you really don't need to slag of the Z10 for me. I will not renew to a Blackberry on principle now.
    12 Aug 2013, 09:48 AM Reply Like
  • CGT77
    , contributor
    Comments (74) | Send Message
    Are you serious? It's obvious that you didn't even try one. I own a Q10 and it's the best of any cell phones I've had. You're missing out big time, I'm tellin'ya! End of comment.
    12 Aug 2013, 10:32 AM Reply Like
  • Zack 800
    , contributor
    Comments (1283) | Send Message
    I guess you better get all of your silly comments out now as it seems that you might no longer have the chance in the near future. I know I am personally looking forward to the time when I don't have to read such foolishness.


    I don't know what you want the phone to look like as there is only so much you can do with a rectangle; maybe you want it to be circular? I think the phone is very "classy" looking and it just happens to have a great OS. What more do you want?
    12 Aug 2013, 11:57 AM Reply Like
  • 4ronk
    , contributor
    Comments (69) | Send Message
    You have jumped to the wrong conclusion. The Z10 is a very sleek, well made, and very efficient device. Anyone who takes the time to actually examine it will find this out. Too bad the carriers are too wrapped up with the glitz of the Android "toys."
    12 Aug 2013, 12:03 PM Reply Like
  • Berry125
    , contributor
    Comments (11) | Send Message
    BB needs someone to market their products.
    12 Aug 2013, 09:57 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4842) | Send Message
    Sense at last; all those responses to my previous post have entirely missed the point: Firstly, I wasn't "running it down", merely reporting my observation, that, on a large display, among colourful Lumias, Galaxies etc, the Z10 disappears into the background, and, being visually unimpressive in this context, anyone who does notice it, and looks at the price, is unlikely to enquire why it's so expensive (assuming they could find someone to ask, which I clearly stated was not the case while I was in the store!). This, secondly, is why I "didn't even try one", which should have been clear. So the Q10 is the "best"? What does that matter if most customers don't know that? When viewed amongst so many more eye-catching competition, few will bother asking.


    As you say, Berry, BBRY need to get the message out, but do not seem in the least inclined to make the effort, at least not around here! Then there's the price; so QNX is unique, and the most inherently secure? That might sell it where security is paramount, but to most people, though that's important, it's not the only consideration. Hey, I like the way QNX enables marvelous functionality on cheaper previous generation hardware, but how does that justify the premium price being asked (second highest in the store)? BBRY shareholders may well wish for high margins, but most potential customers are more interested in value for money, and at present, the Z10 doesn't deliver, so please, you emotional types, take your sob stories elsewhere!
    13 Aug 2013, 08:39 AM Reply Like
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