BlackBerry slips; Pac Crest notes purchase commitments

|About: BlackBerry Ltd. (BBRY)|By:, SA News Editor

BlackBerry (BBRY -3.5%) is giving back a portion of its recent gains. Shares still +15% since Reuters' Aug. 9 report about the company's willingness to go private.

Pac Crest's James Faucette (previous) argues today BlackBerry's $5.3B in off-balance-sheet purchase obligations (inc. $4.3B in purchase order commitments) will limit the company's buyout premium.

On the other hand, many think BlackBerry's patent portfolio could fetch a hefty sum. MDB Capital's Chris Marlett recently estimated the portfolio is worth $2B-$3B.

On Wednesday, Nomura argued a bid above $12-$13/share in unlikely.