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WSJ: BlackBerry met with Facebook to gauge interest in bid

  • The WSJ reports BlackBerry (BBRY +2.5%) execs flew to California to meet with Facebook (FB +0.8%) to "gauge its interest" in a possible bid for the company. Sources state it's unclear if Facebook is interested in playing ball. Nonetheless, BlackBerry shares have caught a bid on the report.
  • Facebook joins a very long list of names attached to BlackBerry M&A rumors. The list already includes Lenovo, P-E firm Cerberus, major BlackBerry shareholder Fairfax Financial, and co-founder Mike Lazaridis.
  • "If someone knocks on your door, don't answer, it is just Blackberry asking you to buy them," a trader quips to Notable Calls.
  • Earlier: BBM Android/iOS downloads top 20M
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Comments (41)
  • Kenpogi
    , contributor
    Comments (55) | Send Message
     
    Keep on knocking BBRY and the door will eventually open for you.
    Seek and you will find!
    29 Oct 2013, 02:19 PM Reply Like
  • ciolan
    , contributor
    Comments (193) | Send Message
     
    "If someone knocks on your door, don't answer, it is just Blackberry asking you to buy them," :)) great one. I am getting nervous, Nov 4 approaches, Friday last chance to bail
    29 Oct 2013, 02:24 PM Reply Like
  • gchaput
    , contributor
    Comments (132) | Send Message
     
    No need to bail. BBRY can easily succeed as a stand-alone. If Fairfax bails, the stock could plunge to $5-6, but that is simply the cue to load up on stock. The sale of redundant assets, the reduction of real estate holdings, the reduction in staff and overhead, the mark-down of inventories below the eventual net realizable values, the issue of new products all bode well for the company longer-term. If it remains a public company, the stock will gradually inch upward as the losses turn to profits and their products gain traction.
    29 Oct 2013, 03:05 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2798) | Send Message
     
    I took a position in PALM and lost 10%.
    29 Oct 2013, 11:34 PM Reply Like
  • gchaput
    , contributor
    Comments (132) | Send Message
     
    "If someone knocks on your door, don't answer, it is just Blackberry asking you to buy them," a trader quips to Notable Calls.

     

    Such inane commenting adds no value and only serves to show the ignorance of ill-informed people.

     

    I am so amazed by the constant ridicule from the US towards BBRY. The US is unable to accept that people outside the US may have better products than they and so they remain infatuated with inferior products. Some prefer toys rather than security, accuracy & speed. They want to be amused by millions of apps, when you can only use one app at the time and you certainly should allocate some of your daily time to useful productive time other than playing games on a gadget that needs upgrading every six months.
    29 Oct 2013, 02:26 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    Maybe such commenting has nothing to do with American parochialism. Maybe it has something to do with observing yet another tale of a one-time corporate leader who didn't foresee shifting landscape and is in the process of getting buried by the shifts. BBRY isn't the first one, won't be the last, plenty have been and will be US companies (e.g., Eastman Kodak).
    29 Oct 2013, 02:41 PM Reply Like
  • chopchop0
    , contributor
    Comments (3541) | Send Message
     
    BBRY has such awesome products that they are even starting to lose share in emerging markets.

     

    lol
    29 Oct 2013, 02:43 PM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    Exceptionalism...that's their thing. The truth is NSA can't hack the BB.
    29 Oct 2013, 02:55 PM Reply Like
  • usenetim
    , contributor
    Comments (5) | Send Message
     
    Of what use is a better technology if it doesn't gain traction & keep you afloat long term? Remember that winners always re/write history. BBRY has lost the mobile war & shouldn't expect any less. It's was once a great company and we were very steadfast & patient with them because of the quality of their products but they brought this on themselves through complacency now its been conquered Its time to move on.
    29 Oct 2013, 02:58 PM Reply Like
  • vijitc
    , contributor
    Comments (99) | Send Message
     
    I don't know about ill informed or the fact that ridicule towards BB only originates from the USA. But I do agree that almost all reports regarding Blackberry inevitably end with an unecesary cheap shot. This report is no exception.
    29 Oct 2013, 03:12 PM Reply Like
  • LYogi
    , contributor
    Comments (2260) | Send Message
     
    “First they ignore you, then they laugh at you, then they fight you, then you win.” ~ Mahatma Gandhi ~
    29 Oct 2013, 03:17 PM Reply Like
  • pjews
    , contributor
    Comments (497) | Send Message
     
    Wiser was never spoken.
    29 Oct 2013, 03:57 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    First, Blackberry ignored iOS and Android
    Then, Blackberry laughed at iOS and Android
    Then, Blackberry fought iOS and Android, but
    Then Blackberry lost
    29 Oct 2013, 08:46 PM Reply Like
  • Zack 800
    , contributor
    Comments (1003) | Send Message
     
    @Tricky

     

    BB may have lost a couple of battles, but the war is not over yet!
    30 Oct 2013, 05:55 AM Reply Like
  • Raj Lakhiani
    , contributor
    Comments (11) | Send Message
     
    "Nonetheless, BlackBerry has caught a bid on the report."... Are they referring to the bid from Fairfax or is this another bid?
    29 Oct 2013, 02:30 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    Probably refers to the stock price being up today. "Catch a bid" = Wall Street slang for demand from stock buyers driving up the price.
    29 Oct 2013, 02:42 PM Reply Like
  • SimonSaysShort
    , contributor
    Comments (109) | Send Message
     
    They are referring to the bid in the bid/ask spread, not a bid for the company.
    29 Oct 2013, 02:58 PM Reply Like
  • Alan1967
    , contributor
    Comments (238) | Send Message
     
    They should also talk with Amazon and Samsung too. Both of these companies have forked Android and have reasons to what to create thier own eco-system.

     

    I don't think the business based BlackBerry is a fit for Amazon, but if Samsung were willing to make a bold break they could do it.
    29 Oct 2013, 02:57 PM Reply Like
  • LYogi
    , contributor
    Comments (2260) | Send Message
     
    I see Samsung as the dark horse in this race...
    29 Oct 2013, 03:11 PM Reply Like
  • Crispin_in_Waterloo
    , contributor
    Comments (1233) | Send Message
     
    Meh...Samsung is too quirky, unreliable and self-interested. They would make a good partner from some points of view but it is not very well run - it is just large.
    29 Oct 2013, 08:23 PM Reply Like
  • mapshop1@optonline.net
    , contributor
    Comments (306) | Send Message
     
    @Crispin says:

     

    "Meh...Samsung is too quirky, unreliable and self-interested."

     

    Go to the link. Open the PDF. The Samsung Dynasty structure is on page 9.

     

    http://cfa.is/HoNsNC
    29 Oct 2013, 09:09 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2798) | Send Message
     
    Samsung Elect. is more diversified than Apple, certainly Crispin that comment is "in Waterloo"
    29 Oct 2013, 11:36 PM Reply Like
  • mapshop1@optonline.net
    , contributor
    Comments (306) | Send Message
     
    As you can see, it seems to be a 'medieval' family-controlled dynasty that owes its existence to the former South Korean military dictatorship.

     

    Really 'progressive' company.
    10 Nov 2013, 09:12 AM Reply Like
  • Shane Zhao
    , contributor
    Comments (46) | Send Message
     
    Desperate Blackberry.
    29 Oct 2013, 03:18 PM Reply Like
  • LYogi
    , contributor
    Comments (2260) | Send Message
     
    no, just giving FB a last chance to get in on the action before the read bidding starts.
    29 Oct 2013, 03:23 PM Reply Like
  • Alphabetsy
    , contributor
    Comments (93) | Send Message
     
    @LYogi with you

     

    Value in this company exists and will be realized.

     

    When it comes down to it, who is prepared to let it be stolen away for such a low ball bid? Let's see happens when they open up.

     

    Let the bidding begin........
    29 Oct 2013, 06:51 PM Reply Like
  • farmwersteve
    , contributor
    Comments (326) | Send Message
     
    Whatsapp is down again
    29 Oct 2013, 03:18 PM Reply Like
  • Crispin_in_Waterloo
    , contributor
    Comments (1233) | Send Message
     
    Yeah - again. And note nothing will said in the news just like last week when it was out around the world.

     

    Everything goes down now and then - look what happened to BBRY when some guy in Ireland was rolling out untested upgrades to servers contracted to BB. The noise machine went into overdrive about how terrible this was for BBRY, as if BBRY owns the internet.

     

    So the difference for users is betting on BBM with BBRY servers (or semi-competent contractors) v.s. the steam-powered Asian server farms with imitation copies of last year's chips. Let's watch and see.
    29 Oct 2013, 08:27 PM Reply Like
  • Shane Zhao
    , contributor
    Comments (46) | Send Message
     
    Knock on doors, It is trick or treating time for BBRY.
    29 Oct 2013, 03:33 PM Reply Like
  • middleaged1
    , contributor
    Comments (18) | Send Message
     
    This adds no value. How is it possible anyone believe BB execs are cold-calling prospective buyers. This meeting was obviously pre-arranged. People are so stup..d
    29 Oct 2013, 03:52 PM Reply Like
  • SKYDIVER2014
    , contributor
    Comments (8) | Send Message
     
    Company X to BlackBerry 1:1 possible deals

     

    There are may of us who have been long and still are long in Blackberry for some time. None of use believe the company is worth only 9$ a share or are very happy about the board cutting & running on use for a deal at just 9$.

     

    Most of us believe the stock is over sold and under unfair pressure. IMO the deal should be and must be in the range of 24$ a share. The Board should not be giving away our up side possibilities on our investments after the long term investors have held on for these difficult last few years..

     

    What we should be looking for is a deal that sees Blackberry continue to operate as a stand a long company for the time being so we have at lease a chance to recapture some of our paper losses. If this is not possible then the board should be looking for a deal with a quality company that will do a 1 of 1 stock exchange rather than a pure cash deal.

     

    Please god let us not have Mike Lazaridis back into this mix. I don't think he has any new vision or insight to add to the stock valuation of the company.

     

    A deal from Cisco Systems would fly if they could so a 1 for 1 deal. I would even be prepared to have those newly issued CSCO share locked in or not trade able for up to two years after the deal closes.

     

    It could be a $9., $12. or what ever cash deal for those that elect not to stay and hold the acquiring companies stock for two years.

     

    The deal does not have to be with CSCO but any company of vision with a current share price in that $20. to $25. range.

     

    If the board takes the deal from Mr. Watsa’s and Fairfax Financial Holdings Ltd. (FFH) the only one that wins with Mr. Watsa. Taking Blackberry private Mr. Watsa he gets to capture all our up side with very little down side risk.

     

    Some of the companies I would consider a share for share swap deal with a 24 month trading hold on the take out stock could look like;
    CSCO 1:1
    INTC 1:1
    MSFT 1:1
    BCE 1:2
    MU 1 plus $5.:1
    BRCM 1:1
    CRUS 1:1
    SNDK 1:3
    QCOM 1:3
    YHOO 1:1
    CRUS 1:1
    just to name a few possible target companies.
    29 Oct 2013, 04:08 PM Reply Like
  • Zack 800
    , contributor
    Comments (1003) | Send Message
     
    "Someone's knockin' at the door
    Somebody's ringin' the bell
    Someone's knockin' at the door
    Somebody's ringin' the bell
    Do me a favor,open the door and let em in
    oo yeah let em in" (Paul McCartney)

     

    Somebody will let them in...just wait and see!

     

    29 Oct 2013, 04:15 PM Reply Like
  • Chris Lau
    , contributor
    Comments (1935) | Send Message
     
    So if (FB) buys (BBRY) then POKE will be the new PING!
    29 Oct 2013, 04:24 PM Reply Like
  • NOKfan
    , contributor
    Comments (68) | Send Message
     
    Why does it seem like there's some negative highlight with SA towards BBRY? It's very annoying. Even though Nokia is my favorite, there's alot of value in Blackberry. What related company would not want their patents, real estate, BBM, QNX, cash, security, etc. if they could afford it and get approval to buy it?
    29 Oct 2013, 05:59 PM Reply Like
  • Crispin_in_Waterloo
    , contributor
    Comments (1233) | Send Message
     
    PR firms are funded to run campaigns that undermine competitors. It doesn't cost much. That is one reason why BBRY wants to go private.
    29 Oct 2013, 08:30 PM Reply Like
  • yongzhou
    , contributor
    Comments (208) | Send Message
     
    Another week another rumor. This one started in Waterloo. Just some stock pumping as usual. Fake reviews, rumors, rimm's stock in trade.
    29 Oct 2013, 07:34 PM Reply Like
  • BugleBoy
    , contributor
    Comments (163) | Send Message
     
    Another week, another unhelpful contribution and pointless comment from Yongzhou. Your last comment about the 'worthless' real estate in Waterloo was particularly adept. Not.
    29 Oct 2013, 08:13 PM Reply Like
  • Crispin_in_Waterloo
    , contributor
    Comments (1233) | Send Message
     
    Another BBRY bash started on his keyboard. Some stock slamming as usual. Fake claims, baseless rumours, the stock in trade of technically wimpy competitors. Beating down opponents is cheaper than developing better products or paying license fees for security and actual inventions.
    29 Oct 2013, 08:33 PM Reply Like
  • peacemaker2012
    , contributor
    Comments (21) | Send Message
     
    Fyi, I have a proposal in with the Board of Blackberry.
    All you pundits are asleep. And stay that way. If you own shares look at how you can monetized that voting right. Our proposal will give it value. If you own a BlackBerry phone your will be given an option on 100 shares. This option will have value but has some conditions attached. Watch. The future is now.
    Mitch Gold
    So watch , participate, or just keep on jawing. There is no way either Fairfax deal hoes through
    29 Oct 2013, 10:03 PM Reply Like
  • usajordi
    , contributor
    Comments (207) | Send Message
     
    Prem Watsa!
    Your time is running out, almost finished!..
    You had been playing high stakes poker and it looks like that you like and prefer to work undercover, in high secrecy!
    We can see that recently we had seen every day very good news, one at the time from BBRY.
    It looks like the, the BOD, BS, TH and the CFO were holding this goodies for you like the ice on the cake to make your agreement possible!
    Remember if you don't come out of your closet now, you will get ZERO of the 250 Million as you had not confirmed that you are buying BBRY, or shown that you have all the money ready and are putting millions at risk on the table, as your letter that you said that you where see if you could fine the proper financing is not going to be good to collect the payment that you expect!
    Lawyers will take care of seeking an injunction on your pay and they will organize a line of bloody depositions where they will find many secrets of how BBRY during last few months was engaged in punitive acts where they manipulated news and facts to benefit some special people close to the Management!After all is done, then boooommmm! ZERO Dollars for PW for TH!
    30 Oct 2013, 07:29 AM Reply Like
  • Blkwtrdragon
    , contributor
    Comments (79) | Send Message
     
    PW's a SLIME. if there's no other bidders (he's hoping) come forward he'll w/d his bid (excuse no financing) and renegotiate a better deal for himself. If that happens kick out TH and the board. I'm up slightly and I'm going to sell by Friday if nothing firmed up by then.
    30 Oct 2013, 08:59 AM Reply Like
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