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The company behind the BlackBerry, Research In Motion provides a range of wireless hardware, software, and services.
The net cash and real estate alone are worth the current stock price. Their handset business may never return to glory, but this is a long term bet that there is some value in the other parts of the business, such as BBM, software, patents, etc.
Security is still a major issue. BB has the best
still alive? I had forgotten about their existence.
Losing market share.
Did okay with NOK and BBM has potential across all platforms, so it's worth buying while the price is low.
This is the beginning of a turnaround.
Over the past several years we have scene several former big name phone manufacturers be sold off successfully or restructured to make a turn around. Google bought Motorola Mobile, no problems there and Nokia was almost single handedly turned around by Stephen Elop. All it will take is the right person or persons to come in, either purchase or take over Blackberry to make it relevant again. Blackberry has learned a hard lesson the same as many other companies have such as Mircrosoft, if you spend too much time at the top without any competition, you WILL grow complacent and stagnate. There is still a niche market out there for Blackberry to exist in, they just need to find it and get back to the basics that made them great in the first place.
I was one of the last holdouts of a blackberry phone. I say “was” because I just turned in my blackberry for a brand new shiny I-Phone 5C last Friday. All of my friends and family have long switched to the more modern smart phones. Some of my friends have taken to calling me a Luddite, a name which is probably somewhat apropos. I am not an Apple fan (I think their merchandise is generally grossly overpriced) but this I-Phone is well designed, user friendly and VERY affordable. My six year old son was able to pick it up in about 2 days, if that speaks to its ease of use. He was typing in my password and navigating the screen apps (games, of course!)in less than a few hours. I have held off on buying an I-Phone for years, mostly because of how expensive they have been. But I was recently able to get it through my company for an extremely low price. I am the last of blackberry's customer base, and we are switching to better, and cheaper, phones very rapidly. It’s my opinion that these new lower priced options and Blackberry’s lack of ability to adapt to the marketplace will eventually be their undoing.I spent a short amount of time perusing their financials and came to a rough enterprise value of $2BB, or about $3.80 a share. I believe their intangible assets no longer contain any value so I marked them to zero. I do think their value will continue to erode further, as they will continue to struggle to renew existing business contracts. My company is switching away completely from Blackberry devices to Apple – and I know we are not the only firm that has done this. I believe Blackberry is caught in a death spiral and it is going to take management a significant amount of work – and luck – to pull them out of it.
They will get purchased.
The cell phone market is a ruthless commodity centrifuge that separates the wheat from the chaff on a regular basis. Blackberry soon joins Motorola, Qualcomm, Nokia, Ericsson, and others on the 'Hot, then Not' carousel of lame horses. The recent management and name changes are desperate measures doomed to failure.
Hot stock for takeover !
They're done. The massive layoffs were the beginning of the end.
BBRY has shown no business strategy and lost a huge market lead it had. It's basically going the way of Palm; lack of innovation is turning them into nothing. I don't believe in any buyout opportunity because there's simply no reason to buy them out - there is nothing to gain from buying out a company that is not innovating in this market.
buyout goes through
There's no room left for BBRY. With MSFT purchasing Nokia's D&S division, it will cement its position as #3 in the market. Customers are fleeing BBRY and adopting MSFTs platform.
Blackberry has lost this round against Apple and Android. They have been pushed into the corner and have no choice but to go back to its roots and do what it knows best. Watch and see, history will repeat itself...
Still entrenched in many corporations, but expect to see further market share erosion as companies overcome resistance to iOS and Android to allow bring-your-own-devices.
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