Seeking Alpha

BlackBerry jumps on fresh Lenovo rumors

  • Rumors Lenovo (LNVGY.PK) will make a $17/share bid for BlackBerry (BBRY +5.3%) are fueling a rally in the latter company's shares.
  • BlackBerry shares have already soared more than once this year on Lenovo speculation (I, II) that didn't pan out. But that was before the company began formally evaluating "strategic alternatives" widely believed to include a sale.
  • The fact Lenovo's market cap only stands at $10B means acquiring BlackBerry in full wouldn't be easy, should the Chinese PC/smartphone giant be interested.
Comments (53)
  • Randal James
    , contributor
    Comments (2327) | Send Message
     
    Well, lots of the faithful wanted a bid from IBM. This is the next best thing.

     

    :)
    28 Aug 2013, 12:30 PM Reply Like
  • tiger8896
    , contributor
    Comments (577) | Send Message
     
    Lenovo again? We're back to the question will the Canadian government allow the Chinese to purchase a Canadian company. My bet is no.
    28 Aug 2013, 12:31 PM Reply Like
  • Davidoff
    , contributor
    Comments (287) | Send Message
     
    Tough question. If they refuse, it would be an extremely bad signal for companies who'd like to do business in Canada. An omnipresent and overprotective government is a huge downturn, especially in the Western countries. See the immediate consequences in France after the Government's veto to sell Dailymotion. If the Lenovo potential offer would get rejected and then a Canadian PE firm comes with a lower offer, it will simply not pass the shareholders vote. That sort of situations will block the negotiations and I don't believe that the Canadian government would be able to bear that or partially compensate the difference between the Canadian and the Chinese offer. In other words, the decision would be solely politically populist. BBRY isn't some strategic or military asset, blocking its sale might bear some serious consequences to the business development in Canada.
    28 Aug 2013, 12:42 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5363) | Send Message
     
    (CEO) already purchased Canada's oil driller (NYX). But (BBRY) is totally different.
    28 Aug 2013, 01:37 PM Reply Like
  • ELLAS
    , contributor
    Comments (1489) | Send Message
     
    Canada has a good relationship with the China. But not sure if they would approve this transaction. IMO Lenovo needs BlackBerry more than BBRY needs them. I think it would make more sense for both companies to commit to a long term strategic partnership.
    That news alone would help both companies share value increase. Just think of the possibilities and how both can benefit each other.

     

    The Canadian Government would deferentially approve a partnership deal.
    28 Aug 2013, 08:55 PM Reply Like
  • oldtimer125
    , contributor
    Comments (126) | Send Message
     
    This rumour started by short hedge funds wanting to generate more retail buying so they can increase their short positions before the 2nd quarter report. We all know from guidance that earnings will be zero at best as all available cash flow is being re invested in restructuring for the balance of the year. Also, traction in enterprise adoption of BES 10 leading to increased device sales and service revenues won't happen until 3rd and 4th quarters.
    28 Aug 2013, 12:31 PM Reply Like
  • Randal James
    , contributor
    Comments (2327) | Send Message
     
    Maybe it came from a Channel 6 interview with Jay Leno in front of Ralph's grocery store on Fremont.

     

    C6: "Jay! Is this your normal store? Are you here all the time?"

     

    JL: (Annoyed) "No, not really. Depends where the coupons are good. After this I'm thinking about trying that Amazon home delivery."

     

    C6: "What's special about Ralph's today?"

     

    JL: "We've been doing lots of smoothies at home and there is a deal on flats of blackberries at $17"

     

    C6 "Well there you have it, folks. Leno likes Blackberrys at $17."
    28 Aug 2013, 12:42 PM Reply Like
  • customize
    , contributor
    Comments (87) | Send Message
     
    Markets move on hear sake and or speculation, that will make or break a company. Figure out a way to reunite back to being private.
    28 Aug 2013, 12:49 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    If true, a big IF. Canadian gov't won't allow it but if they outright block a bid, China will scream racism as its a tried and true tactic.

     

    The result will be as follows. The U.S. will "ask" IBM, Apple or one of their investment banks to put in a bid that they know Lenovo won't match and then once the deal is done, slowly sell off the shares.
    28 Aug 2013, 01:00 PM Reply Like
  • cn_habs
    , contributor
    Comments (211) | Send Message
     
    Not sure if you are joking or not?
    28 Aug 2013, 01:07 PM Reply Like
  • tiger8896
    , contributor
    Comments (577) | Send Message
     
    Didn't even consider the US. I am sure Obama, Biden the DoD, CIA and NSA will be thrilled using phones made by the Chinese.
    28 Aug 2013, 01:30 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    About which part?

     

    China screams racism and discrimination whenever the US or Europe give them a hard time, always claiming suspicions of them stealing trade secrets etc are based on the colour of their skin and nothing about their history of doing just that.
    29 Aug 2013, 09:00 AM Reply Like
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    I will take $17 a share even though I know I've been fleeced
    28 Aug 2013, 01:01 PM Reply Like
  • shubarua1
    , contributor
    Comments (556) | Send Message
     
    Putting it differently, since infancy, BB10 has been kidnapped by the short sellers. Unlike others, SP doesn't move with DJI - index of our economic growth. It only moves up or down according to short-sellers' 'wish' and 'will'. I think, we will see result in 3rd or 4th quarter. BBM looks well and alive. Will it come to BB's rescue until then?
    28 Aug 2013, 01:30 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5363) | Send Message
     
    $17! That's a $6.50 premium over (BBRY)'s price of $10.50.

     

    But a Chinese company buying Canada's flagship. Not a chance. Government will block it. And what about all the US government and Pentagon officials who use (BBRY). No way is the Pentagon going to allow a Chinese company to provide the security for their phones.

     

    If deal does go through, Pentagon will drop (BBRY) phones and go with (AAPL)'s iPhone.
    28 Aug 2013, 01:34 PM Reply Like
  • jno
    , contributor
    Comments (30) | Send Message
     
    Lenovo could be interested in the hardware side of things, since that is what they do. Most electronics are manufactured in China anyway. As long as they don't take over BB's NOC and infrastructure then it is pretty feasible that Lenovo could buy that portion of the business.
    28 Aug 2013, 01:51 PM Reply Like
  • Davidoff
    , contributor
    Comments (287) | Send Message
     
    Michael,

     

    To be honest, I don't know how much credit can be given to these rumors, but according to what's being told on the Wall Street, Watsa would be ready to pay $10 for BBM and QNX, leaving them in Canada, while Lenovo would pay another $7 for devices and patents. And apparently that's where yesterday's rumors about BBM spinoff came from. The spinoff would have been proposed to facilitate the transaction and appease Canadian government's concerns. Some official announcements are expected by Friday.

     

    On personal note, the premium seems way too high, but if they really want the company they'll obviously have to put the price. A considerable part of shareholders still have their average price flirting with $25-30. And unfortunately, governmental contracts barely let BBRY to stay afloat. That's not something that would make Lenovo earn billions and I doubt that they even consider these contracts as an option.
    28 Aug 2013, 01:57 PM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1429) | Send Message
     
    @Michael Bryant,

     

    "If deal does go through, Pentagon will drop (BBRY) phones and go with (http://bit.ly/Z9B0Wt iPhone."

     

    There are no back plans for replacing Blackberry. So, do all the haters now realize there is more value to Blackberry than meets the eye?

     

    Apple has not even applied for such a service. The Chinese can hack (and so can many others) Apple at will. Good luck with Apple, DoD!.

     

    Currently, Blackberry is priceless.
    28 Aug 2013, 08:17 PM Reply Like
  • hl_sa
    , contributor
    Comments (3) | Send Message
     
    “…Lenovo would pay another $7 for devices and patents.”
    I don’t understand why this does not sound reasonable. As many of you have said, the new devices, Z10 and Q10, are very good devices. The challenge is they priced too high. Who else can produce these devices at a very reasonable and competitive price? After all, nearly all Apple hardware are made in China. In matter of fact, Lenovo was the IBM PC manufacturer before they acquired the entire business.
    I don’t understand why this is not realistic. If anyone, IBM, MS, Oracle, HPQ or others, would have purchased BBRY, do you think they would manufacture the hardware or would they partner with someone in China?
    In order to improve the hardware business, what other options do they have?
    28 Aug 2013, 10:11 PM Reply Like
  • Randal James
    , contributor
    Comments (2327) | Send Message
     
    hl_sa

     

    There are a few holes in your argument. I'm not saying you are 100% full of it, but there are some perspective issues that should be ironed out.

     

    1. Priced too high. The problem is not that the phones are 10% too high, but more like the Q5 is 100% too high To really appeal to most Chinese and the thrifty Indians, $200 is still asking a lot and the Q5 surely costs more than $250 to build. It would be nice to think that making them in your own Lenovo plant would easily bring that down, but contract manufacturers operate on thin margins, especially in an economy that is weak. Everyone has excess capacity, so jobs are bid tight. What is needed are brand new phones that cost less to make and will probably not have as many features.

     

    The Z10 and Q10 are fine phones - everyone here agrees. One has - OMG! - a real keyboard. And hardly anyone cares EXCEPT BBRY purists. The other is just like a Galaxy or iPhone, except it isn't. Do you realize how hard it is to get a lame-azz applista off their network and into something else? It's like criticizing Trump's hair - to his face. I don't know what else should have been added to these, but they are simply not groundbreaking enough to get anyone's attention. They are DOA (except still perfect for enterprise use, though it is a MUCH smaller market).

     

    2. Lenovo will pay $3.5B for devices and patents. As above, the devices aren't so hot. When they acquired IBM's PC business, they paid $1.25 billion for a division that made Lenovo the undisputed #3 in PCs and quadrupled their sales.

     

    http://ibm.co/1ciYLB4

     

    It was a complicated offer involving assumption of debt and IBM not actually getting very much cash, but about 15% of Lenovo's shares. They got access to the largest network of business PC sales channels in the world. BlackBerry has nothing remotely close to that. The device business brings a name, but not much in volume.

     

    3. China was, for a long time, the go-to country for contract manufacturing. As wages rose and domestic demand increased, wages lifted above the levels in nearby countries. These days, it is almost as efficient to manufacture in Mexico as in China and the product arrives weeks sooner. But most companies, such as Samsung and Nokia, use Vietnam or Malaysia, among others.

     

    Just last week, the Chinese awarded a massive big contract for 3G networks. The lowest bidder was Nokia. The lion's share was split among several Chinese companies with Alcatel (high bid) and Nokia getting a small equal slice. It is so very political and therefore not unexpected.

     

    It does highlight the myth that the Chinese markets are open to all. They are, but only if you understand open does not mean equal. Time and time again, Western manufacturers have sourced goods in China only to find that there is no need to try and sell it there because perfectly good copies rolled off assembly lines in tandem with those intended for export.

     

    And even though the businesses in China are said to be entrepreneurial, the government influence is pervasive.

     

    Arguing that the Chinese are suitable partners for any piece of the enterprise business is like trying to convince survivors of a bitter divorce that they ought to try it again. It sounds good if the words are right, but there is this history that neither can quite overlook.

     

    So surprise me! Get great offers! Have so many that the BOD has to hire additional evaluators to screen the top five.

     

    Just remember you've eaten in many a bad restaurant where what was on the menu sounded a lot better than what was plated.
    29 Aug 2013, 01:30 AM Reply Like
  • okellyfrank
    , contributor
    Comments (67) | Send Message
     
    Apple phones are already made in China, my Z10 is made in Mexico
    29 Aug 2013, 04:52 AM Reply Like
  • Davidoff
    , contributor
    Comments (287) | Send Message
     
    Randal,

     

    I don't really see why somebody should convince you of something, like if you were the one taking the decision about BBRY. I can't even imagine why you'd waste your time posting this kind of comments, that seem more like articles by size, if you aren't even long/short BBRY.

     

    I'd have a remark to make to your reasoning. If Lenovo buys BBRY for $7, they would not only get devices and patents division, but also around 40% of BBRY's $3.1B in cash, which represent about $1.25B. So they'd pay $2.25B, instead of $3.5B, like you suggested. Back in 2008, when Lenovo bought IBM's PC division, it was already obvious that it was a matter of time before PC would become completely irrelevant. Smartphones still have at least 10 years in front of them. So paying almost a double of what they paid for PC's does make sense.
    29 Aug 2013, 06:50 AM Reply Like
  • cutcut
    , contributor
    Comments (8) | Send Message
     
    won't happen but it may spawn bids from others
    28 Aug 2013, 01:35 PM Reply Like
  • where's the food
    , contributor
    Comments (33) | Send Message
     
    You have to believe that Len want's a foot in the door in the enterprise sector AND the sector is willing to go with Len which, of course, is not the same as going with a player like IBM that already has a huge dominant footprint.
    28 Aug 2013, 01:37 PM Reply Like
  • Kurt Windibank
    , contributor
    Comments (1162) | Send Message
     
    Lenovo is the #1 PC maker in the world....they have an enterprise footprint and want to expand it beyond PC's....and into Mobile.
    28 Aug 2013, 05:08 PM Reply Like
  • where's the food
    , contributor
    Comments (33) | Send Message
     
    I knew it was big in PC's by virtue of it's position in China and Asia. How ever big it is in PC's, the trend is clear- the movement is away from desk terminals and laptops and over to hand held devices and I think that's what's driving the enterprise services sector.

     

    Any Asian manufacturer can supply a PC or laptop with a famous name slapped on it, but market acceptance is a lot more restricted when you're talking mobile. There's a comment up above about who the US government and by extension, US corporations, will use to funnel and store their data. It's one thing if the foreign supplier is in Canada and it's quite another matter if it's in China.
    28 Aug 2013, 05:29 PM Reply Like
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    More bids on the way. You watch
    28 Aug 2013, 01:42 PM Reply Like
  • Randal James
    , contributor
    Comments (2327) | Send Message
     
    Yogi

     

    Must have first bid before there are "More."

     

    Headline says 'rumors' and I don't think they are referring to Fleetwood Mac.
    28 Aug 2013, 02:02 PM Reply Like
  • Deja Vu
    , contributor
    Comments (1153) | Send Message
     
    I would not trade on something like this. a simple denial of this highly dubious rumor can send the stock back 9.42 in a second.
    28 Aug 2013, 01:54 PM Reply Like
  • logicalman
    , contributor
    Comments (763) | Send Message
     
    RJ,
    Damn good album.

     

    Deja Vu,
    Thing is it's never that simple, right? Peace!!!
    28 Aug 2013, 02:48 PM Reply Like
  • Chris Lau
    , contributor
    Comments (1582) | Send Message
     
    That's $0.12 away from my top-end take-out estimate
    http://seekingalpha.co...
    28 Aug 2013, 03:56 PM Reply Like
  • seymour2
    , contributor
    Comments (141) | Send Message
     
    I think that the jump is blackberry was not due to any buyout rumour, but rather a run for cover by android owner/users with security environment that looks like swiss cheese
    28 Aug 2013, 04:34 PM Reply Like
  • seymour2
    , contributor
    Comments (141) | Send Message
     
    I think that the jump is blackberry was not due to any buyout rumour, but rather a run for cover by android owner/users with security environment that looks like swiss cheese
    28 Aug 2013, 04:34 PM Reply Like
  • Kurt Windibank
    , contributor
    Comments (1162) | Send Message
     
    For all of you who think the Govt will block a deal to Lenovo please have a read

     

    http://bit.ly/191cBGw

     

    Lenovo may actually be the ONLY International player capable of not only passing Canadian Gov't approval but also keeping BB security image in check.
    28 Aug 2013, 04:57 PM Reply Like
  • Kurt Windibank
    , contributor
    Comments (1162) | Send Message
     
    Another thing to consider is that the Chair of the recently formed Strategic Review Panel at BB was the former head of Goldman Sacks Asian Investments...he has a strong background in Chinese deal making

     

    http://bit.ly/191d8rM
    28 Aug 2013, 05:02 PM Reply Like
  • Arist07
    , contributor
    Comments (14) | Send Message
     
    OTTAWA, ONTARIO, Aug 28, 2013 (Marketwired via COMTEX) -- QNX Software Systems Limited, a global leader in software platforms for in-car electronics, today announced that Garmin International has selected the QNX CAR(TM) platform to power the new Garmin K2 platform, the company's next-generation infotainment solution for automotive OEMs.

     

    K2's capabilities include multiple digital displays, on- and off-board voice recognition, smartphone integration, and optional embedded 4G connectivity. The system provides drivers access to navigation, vehicle diagnostics, a variety of communications options, streaming media, and realtime information from the Web. K2 is a highly customizable platform with scalable specifications to meet a range of OEM needs and cost targets.

     

    "Our K2 platform will provide customers with the exceptional in-vehicle user experience they expect from Garmin - and the QNX CAR platform has played a major role in helping us to achieve our goal of providing both world-class software reliability and flexible access to emerging consumer applications," said Matt Munn, Garmin managing director, automotive OEM. "From the proven stability and performance of the QNX architecture to the company's worldwide industry recognition and acceptance, QNX was the logical choice."

     

    The QNX CAR platform for infotainment systems is based on QNX(R) technology proven in tens of millions of vehicles. Designed for flexibility, the platform supports a rich choice of application environments and smartphone platforms, as well as a comprehensive set of pre-integrated components to help automotive companies build connected, media-rich infotainment systems.

     

    Other key features of the Garmin K2 platform include 3D-enhanced city model, MyTrends predictive services calendar and text messaging integration, and remote personalization and control via web portal or smartphone. The platform was chosen as a finalist for the 2013 CNET Best of CES Awards in the Car Tech category only days after being unveiled.

     

    "We are thrilled and honored that Garmin chose QNX technology to power its K2 platform," said Derek Kuhn, vice president of sales and marketing, QNX Software Systems. "They have raised the bar for automotive infotainment system functionality, providing an innovative solution that appeals to both automakers and consumers."
    28 Aug 2013, 05:04 PM Reply Like
  • Kurt Windibank
    , contributor
    Comments (1162) | Send Message
     
    Lenovo has stated clear interest in BB.

     

    Lenovo has stated clearly they plan on targeting Apple and Samsung.

     

    Lenovo NEEDS some beef (Patents/technology) otherwise they are just another Hardware maker pumping out low cost Android products.

     

    Lenovo stated clearly they want to go after Enterprise.

     

    Lenovo does business with all Governments around the world in PC's.

     

    Lenovo sells PC's to The Army, Navy,Air Force and Marines.

     

    Their Board and Management are split between Chinese and North Americans.

     

    Smells like a deal in the works to me...

     

    http://lnv.gy/191dz5C
    28 Aug 2013, 05:05 PM Reply Like
  • Randal James
    , contributor
    Comments (2327) | Send Message
     
    Kurt,

     

    I like Lenovo. I think they've done marvelous things with IBM's former computers and have no problem with having one on my desk. (I don't, but that isn't their fault.)

     

    But I'd stop absolutely short of holding up my magic wand and welcoming them to be an integral part of the US military and intelligence networks. We are surely not at war with the Chinese or the Russians anymore, cold or otherwise, but among the powers, there is friction there, economic and otherwise.

     

    In recent years, most of the US military specs have been stolen by your good friends, the Chinese, in cyber attacks. How eager does that make the military to cozy up to them? Not much.

     

    "LOS ANGELES, CA (Catholic Online) - Chinese hackers have targeted the Navy's Aegis missile system, the F/A-18, the V-22 osprey, the Black Hawk helicopter, and the F-35 Joint Strike Fighter.

     

    The Aegis and F-35 projects likely contain the most sophisticated data, as those programs are newer than the others.

     

    The report does not say the Chinese stole any of the designs, but that they did breech security that was intended to protect the designs. China has a long history of copying existing systems for their own use, however the Chinese have more recently begun innovating their own designs, particularly for defense systems.

     

    The report comes just as Australia announced Chinese hackers stole the blueprints for that nation's new spy headquarters.

     

    The report is being issued a month in advance of Obama's anticipated meeting with Chinese President, Xi Jinping who will be traveling to California. California is a center for research and development and a place where several of these weapons systems are designed, tested, and manufactured.

     

    The initial findings of the report were released in January, but only now have the specific programs impacted by the hackers become available. The public version of the report also says the Pentagon is unprepared to handle a full-scale cyber-war.

     

    For its part, the Chinese government insists it does not engage in, nor condone cyber attacks on other countries. Additionally, the state-run media also claims its industries are often the targets of U.S.-led cyberattacks.

     

    More likely, both the United States and China are guilty as China emerges as a leading world superpower. China stands to eclipse even the former Soviet Union for both world scope and power in the century to come."

     

    © 2013, Distributed by NEWS CONSORTIUM.
    28 Aug 2013, 05:38 PM Reply Like
  • Kurt Windibank
    , contributor
    Comments (1162) | Send Message
     
    Randal James,

     

    If you read the link i posted, Lenovo is in a "U nique" situation as a Chinese company. Their management and BOD is made up of equal parts US and Chinese players.

     

    They already fought (and won) the " security" battle when they took over the IBM ThinkPad unit.

     

    They currently sell to Govt's globally and to the US military.

     

    While westerners may profess concerns over Chinese "hackers"...the same can be said for the rest of the globe being concerned about the US NSA/Prism scandal and US tech company involvement.

     

    With large US techs like Google/Apple and Microsoft openly giving access to US snooping activity it puts Lenovo in a unique situation where they can "neutralize" the involvement of eiether side (US and Chinese) .

     

    Its a good read and makes sense to me.

     

    Lenovo is looking to be a GLOBAL company and has already done a great job of shaking that Chinese image....to the extent that they are the #1 supplier of PCs to Governments around the world.

     

    They have opened manufacturing facilities in North America.

     

    They have a stated goal of taking on samsung and Apple in Mobile...and need an aquisition like BlackBerry to gain access to patents etc required to play in the big leagues.

     

    canadian gov't has already signalled BlackBerry needs to do what BlackBerry needs to do...if Lenovo can preserve canadian jobs in waterloo...it'll get a green light.
    28 Aug 2013, 06:27 PM Reply Like
  • mirage12
    , contributor
    Comments (98) | Send Message
     
    Randall, not my thought but just read this on another forum. Just food for thought.

     

    the spin off of BBM is done to facilitate a sale - no other reason to have it as a separate entity. Why? To enable Chinese companies to bid on the handset business and patents, keep BBM and QNX as domestic companies, and therefore reassure NSA and other governments of no leakage to China. QNX and BBM are taken private by Watsa, perhaps. With this scenario, Lenovo pays $17 for hardware and patents, Watsa pays $10 for BBM and QNX, Lenovo licenses QNX software from Watsa. This now makes total sense, and if it happens before Q2 is over (Friday), they do not have to keep reporting sales/users etc. while the offer is pending
    28 Aug 2013, 06:32 PM Reply Like
  • Randal James
    , contributor
    Comments (2327) | Send Message
     
    Kurt, Mirage

     

    I believe it is entirely possible that BBRY would sell messenger and the handset business to whomever has cash for an acceptable bid - Count Dracula, if need be. The enterprise portion - that deals with corporate, government, and military communications will be kept in a pond that does not straddle China in any way.

     

    If I was a corporation, I would buy from Apple or Windows before I'd touch a Lenovo communication system. There has been too much piracy over the decades to suggest that Lenovo is worry-free.

     

    Mirage, I'm just afraid the numbers you toss out make next to no sense. $27 net/share values the whole at roughly $13B and that is far too much for a company that couldn't earn a nickel in this last half year. Lenovo is only a $10B company - a shrinking and marginal handset business does not make them suddenly a wealthy operation.

     

    Hope is a good thing, just don't try to monetize it.
    28 Aug 2013, 08:22 PM Reply Like
  • ELLAS
    , contributor
    Comments (1489) | Send Message
     
    mirage12
    If that is the case, this would ensure BB10 further succeeds is the mobile industry. The entire reasoning behind this Strategic Committee was to figure a way to further promote and ensure BB10 gets into people's hands.
    28 Aug 2013, 08:52 PM Reply Like
  • mirage12
    , contributor
    Comments (98) | Send Message
     
    Correct on the price. It should be closer to $17 for both units. Your argument was just that it can't and won't happen. Then, that you wouldn't buy from Levano. I think a few large corporations already see things differently from you. Perhaps we have hope whereas you have denial. I wouldn't want to be short going into this weekend. Just me.
    28 Aug 2013, 09:27 PM Reply Like
  • Randal James
    , contributor
    Comments (2327) | Send Message
     
    mirage

     

    I've never shorted though the temptation is sometimes strong. I do think everyone should believe in what they own and obviously, BBRY has no shortage of believers. Part of me would be happy if BBRY gets a killer bid - just not the rational part.
    28 Aug 2013, 10:01 PM Reply Like
  • hl_sa
    , contributor
    Comments (3) | Send Message
     
    I'm an engineering profession with an investor mind.
    28 Aug 2013, 07:06 PM Reply Like
  • tiger8896
    , contributor
    Comments (577) | Send Message
     
    Maybe a deal with Lenovo can be worked out but I doubt it. The best parts of BBRY are the same ones the Canadian gov't and US interests would want to keep out of the hands of a Chinese company that is the security and encryption and network infrastructure.

     

    Using a PC made by Lenovo is one thing but this is more akin to Huawei the Chinese telecom manufacturer that has been stymied in the US by national security concerns expressed by the US government.
    28 Aug 2013, 08:18 PM Reply Like
  • mitrado
    , contributor
    Comments (1948) | Send Message
     
    When the only catalysts for a stock are takeover rumours, you know that company is in big, big trouble.
    28 Aug 2013, 10:11 PM Reply Like
  • Mr. Knowitall
    , contributor
    Comments (7417) | Send Message
     
    Kiss all U.S and European governmental contracts bye bye
    29 Aug 2013, 12:48 AM Reply Like
  • mirage12
    , contributor
    Comments (98) | Send Message
     
    Mr. It's going to $6. It's about the price and nothing else. Don't start back peddling already. I could care less what gov's do if I get $17.
    We make comments based on where we see the SP going. We are not qualified to comment if these are good or bad moves by people who are far more privy then we are.
    29 Aug 2013, 01:50 AM Reply Like
  • kherman
    , contributor
    Comments (754) | Send Message
     
    Lanova part owners with Prem and some PE folks?

     

    More likely but still doubtful.
    29 Aug 2013, 01:53 AM Reply Like
  • anstin
    , contributor
    Comments (34) | Send Message
     
    In order to facilitate Lenovo to buy blackberry, BBM is going to be separated as differnet entity. So, protected BBM messenger services would be remained in Canada while other services including hardware businesses sold to Lenovo.
    29 Aug 2013, 03:04 AM Reply Like
  • pharmitnow
    , contributor
    Comments (68) | Send Message
     
    It is hard for me to believe US companies will miss the opportunity to get into Enterprise/Gov. business. If there is no deal with US company, BBRY may get into a partnership with Lenovo or Samsung.
    3 Sep 2013, 10:45 PM Reply Like
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    my bet is on Samsung.
    4 Sep 2013, 12:06 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|