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Reports: BlackBerry looking to find buyer by Nov., Microsoft "keeping an eye"

  • Sources tell the WSJ  BlackBerry (BBRY +5.9%) is " aiming to run a fast auction process that could be wrapped up by November." The report led shares to spike just before the close.
  • Meanwhile, sources tell Bloomberg Microsoft (MSFT -2.2%) is "keeping an eye" on BlackBerry in the wake of the Nokia deal. Given Microsoft's commitment to Windows Phone, any interest in BlackBerry from the software giant could be related to the company's BES/network operations center assets rather than its hardware ops.
  • The reports come as analysts continue to cut estimates. BlueFin Research says its checks indicate there have been major BB10 production cuts, and that BlackBerry has "amassed significant component and finished goods internal inventories, while many carriers and retailers are not restocking."
Comments (32)
  • Timmy123
    , contributor
    Comments (114) | Send Message
     
    Unless this comes directly from BBRY in an official statement, I consider it to be stock manipulation by Wall St.
    4 Sep 2013, 04:14 PM Reply Like
  • Vince from Canada
    , contributor
    Comments (26) | Send Message
     
    I tend to agree. Not much sense to put weight in these kind of statements or various channel check 'research' that is often presented here. Agree that one interested party is all that it will take. As in any auction, you don't need dozens of bidders. You only need two idiots to run up the price.
    4 Sep 2013, 04:33 PM Reply Like
  • pjews
    , contributor
    Comments (560) | Send Message
     
    Everybody has an opinion about Blackberry. Most of them with no substance. Unless this comes directly from Blackberry's BoD in an official statement, I consider it to be stock manipulation by Wall St.
    4 Sep 2013, 11:12 PM Reply Like
  • xtremetrader
    , contributor
    Comments (57) | Send Message
     
    I'm not a BB Bull, but I think the possible takeover of BB is probably getting more attention after the Nokia handset acquisition.
    4 Sep 2013, 04:21 PM Reply Like
  • Truth_Investor
    , contributor
    Comments (346) | Send Message
     
    I could see a partnership, but I don't see Microsoft buying Blackberry. After shelling out $7.2 billion for Nokia I think they are done shopping for awhile.
    5 Sep 2013, 07:43 AM Reply Like
  • Dantes_Will
    , contributor
    Comments (386) | Send Message
     
    BlueFin Research says its checks indicate there have been major BB10 production cuts, and that BlackBerry has "amassed significant component and finished goods internal inventories, while many carriers and retailers are not restocking."

     

    If BBRY can't find a buyer before next quarter's earnings results are made public, they'll be looking at a massive drop in their company sales price.

     

    If I was a smart buyer, I'd wait for BBRY's next quarter results, BB10 sales numbers, and cash burn numbers before making an offer.
    4 Sep 2013, 04:28 PM Reply Like
  • Superfly_FR
    , contributor
    Comments (388) | Send Message
     
    damm I liked by error ...
    Any serious bidder HAS the figures already.
    4 Sep 2013, 06:55 PM Reply Like
  • alext1379
    , contributor
    Comments (709) | Send Message
     
    All it takes is a sniff from 1 big player to get the attention of the other big players. Don't be surprised if Samsung jumps in just to be able to get their own OS before Apple/Google or MS buy it as well as its patents.

     

    Tizen is a joke, just a bandaid incase Google shuts them out. A copy of a copy.
    4 Sep 2013, 04:29 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (5705) | Send Message
     
    I can see why BBRY wants to sell itself quickly, device sales are likely to be dismal in the next Qs.

     

    Who wants to buy a BB10 when you don't know if company is around in a few months ? (Especially gov/edu and enterprise customers with long-term maintenance contracts...).

     

    Maybe MSFT or others will buy some pieces, I can't see anyone picking up BBRY entirely - maybe some Chinese bidder at last minute. This in turn would put gov sales in Western countries at risk.

     

    Or maybe HPQ is ready for another expensive "adventure" after the Palm debacle...I doubt it.
    4 Sep 2013, 04:46 PM Reply Like
  • ATInsider
    , contributor
    Comments (424) | Send Message
     
    tftf
    Who wants to buy BB10 hardware? BlackBerry is in better shape than people think. I also believe these types of news releases are opinion based with no facts to back them up.
    The next quarter results will show more details in the direction of where BB10 is heading, and so far its going up, in most countries.

     

    Reports like this are designed to try and hurt BlackBerry's image.
    4 Sep 2013, 05:06 PM Reply Like
  • HarryPothead
    , contributor
    Comments (259) | Send Message
     
    Keep telling yourself that. BBRY is spiraling downward...
    5 Sep 2013, 09:55 AM Reply Like
  • Aristotle5
    , contributor
    Comments (573) | Send Message
     
    I still look for HPQ and possibly IBM to make a move on BBRY. It would not surprise me if there will be some competitive bidding. I do not believe that BBRY will be sold in pieces, but anything is possible. If competitive bidding occurs the stock price will quicky go over $20.

     

    Today's after market volume is already over 2M and it is nearly all buys.
    4 Sep 2013, 04:58 PM Reply Like
  • Randal James
    , contributor
    Comments (3408) | Send Message
     
    Ari! Stop with the bad math! You are equating the market as a giant warehouse with stacks of shares laid out like patio furniture for Memorial Day.

     

    In reality, for every person that walks in the door holding a fistfull of cash and announcing "I want BlackBerry!" there is someone who springs up and yells back "Take mine!"

     

    Buys and sells, same as always, in equal proportion.
    5 Sep 2013, 01:31 AM Reply Like
  • jammerculture
    , contributor
    Comments (402) | Send Message
     
    Windows Phone in the enterprise would be a tremendous boon to Microsoft. But buying Blackberry is not the way to do it.
    4 Sep 2013, 05:00 PM Reply Like
  • Truth_Investor
    , contributor
    Comments (346) | Send Message
     
    They can't afford Blackberry. They may work out a licensing solution. I think a partnership would strengthen both companies. Unless the Canadian government buys Blackberry, I doubt they will be sold.
    5 Sep 2013, 07:50 AM Reply Like
  • tiger8896
    , contributor
    Comments (641) | Send Message
     
    Other than this specific time frame of November there is nothing new to this story. WSJ quoting unnamed sources, all or part of the company is for sale, no guarantees the company will be sold or if there will be serious bids, they have had discussions with a number of interested parties.
    4 Sep 2013, 05:10 PM Reply Like
  • la cabanya
    , contributor
    Comments (70) | Send Message
     
    Microsoft can close that deal in a heartbeat, and is possible that they will. Is a great acquisition that will bring long benefits to both companies! And great assets for a ridiculous price even at 15/20$ per share!
    Go MSFT/BBRY/NOK!
    4 Sep 2013, 05:22 PM Reply Like
  • ELLAS
    , contributor
    Comments (2460) | Send Message
     
    MS is alright so long as they retain BB10. You cannot replace the best mobile platform and the most secure. WP8 greatly falls behind BB10. BB10 is just too superior of an OS. Is WP8 Real Time? No, BB10 is and some. If you want to push mobile innovation, QNX/BB10 is the only way to go.
    There's strength and massive potential in BB10. The only problem BBRY has right now is an image problem, and the negative press making opinion and speculation sound as if they were facts is the issue. Oh and BBRY's marketing also sux.

     

    I would like to see Samsung, Panasonic and Sony become Strategic Partners with BlackBerry.
    4 Sep 2013, 10:03 PM Reply Like
  • HarryPothead
    , contributor
    Comments (259) | Send Message
     
    Never happen.
    5 Sep 2013, 09:55 AM Reply Like
  • HarryPothead
    , contributor
    Comments (259) | Send Message
     
    Ya, it's so 'superior' that hardly anyone on the planet wants it anymore. lol
    5 Sep 2013, 09:56 AM Reply Like
  • jno
    , contributor
    Comments (31) | Send Message
     
    Rumors abound that Microsoft if definitely at the table.
    4 Sep 2013, 06:41 PM Reply Like
  • HarryPothead
    , contributor
    Comments (259) | Send Message
     
    BS
    5 Sep 2013, 09:56 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    What is Microsoft keeping an eye on? They bought Nokia, so now are they worried that maybe they made a mistake and should of bought Blackberry when they had the chance. Maybe they are having second thoughts? Well too late ther eis nothing they can do about it. Or mabey they might still buy Blackberry and then use BB10 as their OS and dump Nokia and their garbage low end phones. Then they can concentrate on Corporate sales and have a secure operating system.
    4 Sep 2013, 11:21 PM Reply Like
  • HarryPothead
    , contributor
    Comments (259) | Send Message
     
    The 'Crazy' part of your name is correct. MSFT will NEVER consider an inferior company like BBRY. They made the perfect choice buying the much better Nokia.
    5 Sep 2013, 09:57 AM Reply Like
  • AnnLouiseWinter
    , contributor
    Comments (28) | Send Message
     
    All speculation based on "unnamed sources". Bah! It isn't worth the paper it's printed on until it's official. BB has over $3 BILLION in cash. $2.7 B in patents. Other assets - both physical and intellectual. Don't count them out until they say so. Going private is the last concrete thing they said. As a stockholder, I'll be watching this intently.
    5 Sep 2013, 12:56 AM Reply Like
  • hz06
    , contributor
    Comments (1072) | Send Message
     
    Microsoft buying Nokia is probably one of the most ambitious offense (defense?) that it takes in years. It's a pretty clear understanding that a software company, consumer and enterprise, if wants to stay #1 or dominant, can't afford to have mobile missing. And a mobile software company, is much better off to have (its own) hardware to help its software development and marketing. MS buys Nokia, is almost like it bought a browser and turned it into Internet Explorer years ago. The question is who will be the next Netscape (in mobile hardware and software).

     

    Enterprise and government mobile has been Blackberry's stranglehold in the past years. But in 5 years, who knows how "WP + Nokia hardware" will look like. MS has the tradition of starting with #2 or 3 or whatever and catching up with #1 and eventually squeezing out the former #1, or almost out. Apple is one of the very few exceptions. Blackberry needs to be really careful with Microsoft's this move.

     

    With Microsoft's ambition like this, its good old friends, Google, Oracle, Apple, all need to think about it. MS has desktop and server OS, Office, WP, and mobile device. It's a pretty complete product suite compared to that of the other big guys. What MS needs to do is to perfect this suite, and retain and grow its customer base. MS customer can pretty much find what they need inside this suite, and have no need to look out if they don't want to. And that will put MS in a less uncomfortable spot in the next 10 years.

     

    I am scratching my head why the market reacts like in the past 2 days...
    5 Sep 2013, 01:45 AM Reply Like
  • jakoba
    , contributor
    Comments (345) | Send Message
     
    New iPhone just around the corner. The main goal for the US (especially) media now could be to discredit BBRY as much as they can (as happened with iPhone 5 and iPhone 4S release), for example by making it appear a breakup of the company is imminent and that BB10 therefore has no future. Why would a customer buy a BB10 phone if he doesn´t expect there to be more apps and support from BBRY? Why would developers bother to make more apps available if they know the company has no future etc. The potential customer may instead rush to buy the new iPhone 5S instead of waiting for the Z30 etc.

     

    Looking carefully at the latest Kantar report actually could be interpreted as somewhat good news for Blackberry, that is month over month across all markets growth was average about +25% (from a very very low level, yes), and then Canada, South Africa, Indonesia, Venezula and other strong markets were not measured. But of course it only take 25% growth per month for a year to become an iOS or Android in terms of market share (and this dynamic is really what happened to iPod, iPhone, Android etc, slow but exponential growth from a very low level over a 1-4 year period).

     

    Could it be that the giant BBRY ship is finally starting to turn around? But why then this rush to sell the company? Could it be that the stock was about to go up anyway as the shorters needed to cover, and that the WSJ somehow offered an "explanation" as to why the stock is going up.

     

    Right now I am scratching my head regarding all this. I guess we will know the real truth the coming months.
    5 Sep 2013, 03:43 AM Reply Like
  • jakoba
    , contributor
    Comments (345) | Send Message
     
    This illustrates my point better:

     

    http://bit.ly/17acgRJ
    5 Sep 2013, 04:26 AM Reply Like
  • jno
    , contributor
    Comments (31) | Send Message
     
    Hmm..it would seem rather strange that everyone knowing BB is up for grabs and now adoption takes off? Seriously doubtful. Be realistic, BB launched a new OS, a really good OS in a vacuum. It's all about marketing, promotion and coolness. They never the the $$ to promote it and if you ask me the plan was to launch, increase value and sell.
    5 Sep 2013, 08:25 AM Reply Like
  • HarryPothead
    , contributor
    Comments (259) | Send Message
     
    No chance. They just failed.
    5 Sep 2013, 09:58 AM Reply Like
  • jakoba
    , contributor
    Comments (345) | Send Message
     
    Examples from Android, iPod, iPhone etc shows that it takes time before a product takes off. It is probably unlikely that BB10 will take off as those products did, but it is also too soon to tell. It took iPod 1.5 years before it started to grow exponentially. Of course BBRY doesn´t have 1.5 years, but if it teams up with a stronger cash rich player they could speed up this process.

     

    All I am saying is that based on Kantar recent report, things appears to be changing if considering month over month changes. Statcounter data also reflects this.

     

    At this point we really have little idea what is happening in the real world. It is only WSJ that seems to be giving real news about BBRY these days, and all the other media replicates what WSJ say as if it was the ultimate truth coming from God. The analysts are silent, even James Facuette, the "star" of Pacific Crest, is nowhere to be found, and CNBC has BBRY haters like Jonathan Geller on their show, who is saying things like «BB10 is terrible», «BBRY is worth nothing», "No one is interested in the company" etc, a «shock jock» guy that knows nothing about investing and only offer his own subjective opinion.

     

    Remember that WSJ posted many bearish articles on Nokia July last year when it was trading at $1.7. Today it is at over $5. And the last WSJ article could only offer some anecdotal evidence from a guy in US Midwest (BBRY´s weakest region in the US) to prove its point.

     

    I will wait for the earnings release and take everything reported in the media now with a pinch of salt.
    5 Sep 2013, 10:12 AM Reply Like
  • Genesis Housing
    , contributor
    Comments (429) | Send Message
     
    Those sort of rumors are al hype to get bidders to come in line. Company is obviously struggling, why rush in. nokia is much better target to pick over cheap assets..D&S is going for too cheap, better use for an acquirer to counter that deal
    5 Sep 2013, 12:09 PM Reply Like
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