BlackBerry falls; DoD states no new phone orders placed

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

In a statement provided to The Verge, the DoD says "absolutely no new orders have been placed for new [BlackBerry] devices" as part of its implementation of a new apps/services management program.

BlackBerry (BBRY -5.7%) shares rallied on Tuesday in response to a DoD statement that mentioned its program currently supports 80K BlackBerry phones (and just 1.8K Android/iOS devices), but never confirmed any new phone purchases.

It's worth noting that even if the DoD had purchased 80K new BlackBerry phones, the sale would be equal to less than 2% of the company's estimated November quarter sell-through of 4.3M (down from an August quarter level of 5.9M).