Seeking Alpha

BlackBerry rallies. New phones launched, Chen open to BBM sale/spinoff.

  • Up yesterday following news Ford is set to use QNX within its next-gen Sync system, BlackBerry (BBRY +6.6%) is gaining today following the unveiling of several products, and remarks from John Chen suggesting he's open to selling or spinning off BBM down the road.
  • Chen, referencing the $19B Facebook/WhatsApp deal: "Anything to help our shareholders I need to take a very serious look at ... The potential [for BBM] is going to be huge ... Until we get to the point that we can showcase that potential it is a bit too early to think about getting our $19 billion."
  • Shares jumped last week in response to Facebook/WhatsApp. TD Securities upped its estimated valuation for BBM to $800M.
  • This morning, BlackBerry has launched the Z3, a 5" touch-only phone that will sell for less than $200 unsubsidized in Indonesia (one of BlackBerry's biggest markets) starting in April, and the Q20, a new QWERTY flagship. The Z3, which doesn't sport a 4G modem for now, is the product of BlackBerry's Foxconn partnership.
  • Also announced: 1) The eBBM Suite (launching this summer), a set of secure messaging products/services built with enterprises in mind. 2) BES 12 (launching by year's end), a next-gen MDM software platform offering better app/service management. 3) A promotional program that allows enterprises to migrate to BES 10 for free.
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Comments (25)
  • vmetla
    , contributor
    Comments (69) | Send Message
     
    Next stop 13, after crossing 11. Has to fill the gap.
    25 Feb, 10:16 AM Reply Like
  • Splenosis
    , contributor
    Comments (20) | Send Message
     
    John Chen is amazing.. 2014 will be a great year for BlackBerry shareholders. LONG BBRY.
    25 Feb, 10:18 AM Reply Like
  • Quoth the Raven
    , contributor
    Comments (2083) | Send Message
     
    BBRY going to be the story of 2014, no questions asked.
    25 Feb, 10:23 AM Reply Like
  • LYogi
    , contributor
    Comments (2262) | Send Message
     
    you said it.
    25 Feb, 10:32 AM Reply Like
  • LYogi
    , contributor
    Comments (2262) | Send Message
     
    QNX already beginning to flex its muscles.

     

    Future is Black
    25 Feb, 10:32 AM Reply Like
  • Crispin_in_Waterloo
    , contributor
    Comments (1233) | Send Message
     
    The choice of features offered in Indonesia and the price are spot on. There is nearly no 4G network in Indonesia (only Bali at the moment) so dropping the LTE was a good idea.

     

    Any 5" offering from BBRY will be a formidable competitor to Samsung. Remember that Indonesia has had BBRY Banking for some time now which is a test of the system for everywhere else.

     

    South Africa will go mad for the Z3 and Q20 as well at ZAR2000.
    25 Feb, 10:40 AM Reply Like
  • VvSay7
    , contributor
    Comment (1) | Send Message
     
    Second that, LONG BBRY
    25 Feb, 10:49 AM Reply Like
  • Loon-a-tick
    , contributor
    Comments (1618) | Send Message
     
    Huge story on Chen in Globe and Mail Toronto. 5 pages long...lots of detail. Also an article on Ford deal. very positive.
    25 Feb, 10:59 AM Reply Like
  • GORDO47
    , contributor
    Comments (2) | Send Message
     
    Lets not get too excited ! Simply an interesting magazine article - however does mention that Mr. Chen is on the Disney and Wells Fargo boards .

     

    Cheers, Gord
    25 Feb, 07:54 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2798) | Send Message
     
    Chen must be an efficient and effective delegator, the fruits of success!
    26 Feb, 01:14 AM Reply Like
  • Danomacker
    , contributor
    Comments (13) | Send Message
     
    And somewhere, George Kesarios is smiling that knowing smile.
    25 Feb, 11:03 AM Reply Like
  • Voice of Doom
    , contributor
    Comments (70) | Send Message
     
    Humm, where are all the naysayers, Mr. Know it all? A chocoholic? Care to weigh in?
    25 Feb, 11:05 AM Reply Like
  • farmwersteve
    , contributor
    Comments (326) | Send Message
     
    im actually wondering where marcap and david are.

     

    they seem to always bring the tin-lining to anything positive.

     

    i guess we BB longs need to sit tight and watch this escalate,
    sort of like all the longs watching TESLA...
    25 Feb, 11:42 AM Reply Like
  • ELLAS
    , contributor
    Comments (1860) | Send Message
     
    Voice of Doom
    Probably scrambling to cover.
    25 Feb, 02:57 PM Reply Like
  • KIA Investment Research
    , contributor
    , BBRY PRO Alerts subscriber
    Comments (9384) | Send Message
     
    Hey VOD, right here.

     

    I posted my current feelings here http://seekingalpha.co... so I won't repost here.

     

    But I hope you longs are making oodles of cash.
    We're investors and this is a time to celebrate if you are long.

     

    Best of luck to everyone.
    25 Feb, 06:39 PM Reply Like
  • anonymous1234212
    , contributor
    Comments (80) | Send Message
     
    I've been saying this for a while, but I have a strong feeling that some of those users are the same person. Not KIA, but more so marcap/david and others you sometimes see. Their total number of comments are in the high 100's, mostly focused on BBRY, and their patterns of activity do not always overlap. In other words, when we see a lot of David, we don't hear from Marcap, and vice-versa.

     

    KIA is more sane, though obviously I disagree with his investment decisions concerning BBRY.
    25 Feb, 09:53 PM Reply Like
  • LYogi
    , contributor
    Comments (2262) | Send Message
     
    Mr. KIA is a stand up guy.

     

    Someone tell him that it is not too late to buy calls ;)
    25 Feb, 10:31 PM Reply Like
  • ELLAS
    , contributor
    Comments (1860) | Send Message
     
    I would have to agree, KIA is more so sensible with his opinions, though I disagree with most, he presents himself in high regard.
    As for David, and especially Marcap, they seem to have an agenda and continually post the same old strong negative opinions about BBRY despite asking repeatedly for facts, none to date have been provided them.

     

    As soon as someone posts a counter argument with fact based links, they both disappear.
    26 Feb, 09:08 PM Reply Like
  • okellyfrank
    , contributor
    Comments (122) | Send Message
     
    Huge day for BlackBerry and investors. the Q20 is getting some great buzz. BES12 has just leaped BB way ahead of all the competition. The Z3 is spot on the price point, the news about Airbus etc upgrading Bes is a great shot in the arm for enterprise. (not mentioned above)
    http://bit.ly/1kacOg2
    25 Feb, 11:46 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2798) | Send Message
     
    Maybe Blackberry could make Facebook phones.
    http://wrd.cm/Mr7RDQ

     

    Sorry about that but tighten up on FB's security!
    25 Feb, 12:31 PM Reply Like
  • customize
    , contributor
    Comments (120) | Send Message
     
    QNX will be like a mushroom Cloud, it will spread everywhere and unlike BES up grade will be the bomb. As of now microsoft sync in my Ford F-150 isn't compatible with my Q10. In the very near future, there will be a lot of mind changing about who's phone you will be bringing to the office.
    25 Feb, 02:35 PM Reply Like
  • ELLAS
    , contributor
    Comments (1860) | Send Message
     
    Reason is MS's Sync is poor. QNX is compatible with each and every mobile platform known to man.
    26 Feb, 09:15 PM Reply Like
  • jjtom
    , contributor
    Comments (443) | Send Message
     
    Wow DOD and US Airforce must be feeling very foolish right now!
    25 Feb, 06:59 PM Reply Like
  • ELLAS
    , contributor
    Comments (1860) | Send Message
     
    I am sure the German Government is spinning in there chairs with laughter. You see the German Government will not nor can be hacked due to BES10. US Airforce, right they have Android and iOS to protect them cough cough...

     

    And the worst part is iOS is much more costly to implement, not to mention they greatly lack security. iOS also requires a lot more space to implement. So I don't understand why the DOD and the US Airforce would go the more expensive and less secure route.???
    26 Feb, 09:11 PM Reply Like
  • AnIdea
    , contributor
    Comments (2) | Send Message
     
    This news updated missed out one major item as well. Daimler and Airbus switching to BES10.

     

    http://bit.ly/1eiUSzr

     

    I think this is critical for few reasons. First, BBRY is focusing on its enterprise business. Second, Daimler and Airbus are strong players in their respective industries. By having the leaders adopt BES solution, it becomes a great PR and a selling point for others in the market. Just like when BBRY SP jumped upon US DoS news, which turned out to be misinterpretation of the official statement by couple goofs who can't read.
    26 Feb, 03:19 AM Reply Like
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