 donoreoPremium
join:2002-05-30
North York, ON | Blackberry share trading halted.EDL BB going private 680 News just tweeted this. |
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| Re: Blackberry share trading halted. Fairfax financial is offering $9 or so to go private?
Planing to sell to this private group? |
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bt
join:2009-02-26
canada
kudos:1 Reviews:
 ·Start Communicat..
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Well, that's generally not a good sign...
Edit: They're being taken private.
»mobilesyrup.com/2013/09/23/black···nancial/ |
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 elwoodbluesElwood BluesPremium
join:2006-08-30
HarperLand
kudos:1 | reply to loosedobbs
My guess is they'll take it private then sell the patents (the only real value BB owns), they'll make a killing on that alone.
The rest of the company, is worth nothing. |
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donoreoPremium
join:2002-05-30
North York, ON | reply to donoreo
Going private:
»www.theglobeandmail.com/report-o···follows/
»bgr.com/2013/09/23/blackberry-fa···-buyout/ |
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| reply to elwoodblues
said by elwoodblues:My guess is they'll take it private then sell the patents (the only real value BB owns), they'll make a killing on that alone.
The rest of the company, is worth nothing.
Their handset division is worth little to nothing (except for patents they hold in those regards). Their enterprise side (server and what not ) still makes money. IMO they will probably become a service only company, that licenses their software to other handset makers and to business servers
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"The hardest thing about any political campaign is how to win without proving that you are unworthy of winning." ~ Adlai E. Stevenson |
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| reply to bt
LOL. Who need TV anymore.
twitter, Internet the news spreads fast. And not in hours like old days. Within a minute. |
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 StyvasGo Canucks GoPremium
join:2004-09-15
Hamilton, ON | reply to donoreo
What were the shares trading at when it was halted? I gather slightly under that $9 mark? |
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elwoodbluesElwood BluesPremium
join:2006-08-30
HarperLand
kudos:1 | reply to loosedobbs
Pretty funny if you think about it, you used to have to wait for the 6pm news or the afternoon paper, now it's at your fingertips. |
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| said by elwoodblues:Pretty funny if you think about it, you used to have to wait for the 6pm news or the afternoon paper, now it's at your fingertips.
Literally. |
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 LazManPremium
join:2003-03-26
canada | reply to BigSensFan
said by BigSensFan:said by elwoodblues:My guess is they'll take it private then sell the patents (the only real value BB owns), they'll make a killing on that alone.
The rest of the company, is worth nothing.
Their handset division is worth little to nothing (except for patents they hold in those regards). Their enterprise side (server and what not ) still makes money. IMO they will probably become a service only company, that licenses their software to other handset makers and to business servers This.
RIM owned corporate email; and still has the best back-end in the mobile/enterprise space...
They tried to become a consumer product, and that killed them... Instead of being the best at what they did; and conceeding the multi-media/consumer market, they lost focus.
I carry a BB for work; it does email better then everything else. |
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 koiraPoop and ScoopPremium
join:2004-02-16 | reply to Styvas
said by Styvas:What were the shares trading at when it was halted? I gather slightly under that $9 mark?
yes, I looked at it earlier this AM, was under 9, I recall 8.75 or something
edit, actually halted at 8.23 |
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koiraPoop and ScoopPremium
join:2004-02-16 | reply to donoreo
Re: Blackberry share trading halted.EDL BB going private Nicely played. Announce more bad news last week, drive price down, then buy it all for next to nothing, only the cash value in the business. |
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yabos
join:2003-02-16
London, ON | reply to donoreo
If I worked there I'd be heading for the hills |
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koiraPoop and ScoopPremium
join:2004-02-16 | Best to wait, get sacked and collect severance. Then head north. |
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donoreoPremium
join:2002-05-30
North York, ON | reply to koira
said by koira:Nicely played. Announce more bad news last week, drive price down, then buy it all for next to nothing, only the cash value in the business.
I am sure laying off those employees were a requirement for this deal. |
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 Link LoggerPremium,MVM
join:2001-03-29
Calgary, AB
kudos:3 | said by donoreo:I am sure laying off those employees were a requirement for this deal.
Yep its pretty much standard in this type of acquisition as Fairfax doesn't want that blood on their hands so BB has to do it as a pre-condition of the sale.
Blake
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Vendor: Author of Link Logger which is a traffic analysis and firewall logging tool |
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elwoodbluesElwood BluesPremium
join:2006-08-30
HarperLand
kudos:1 | reply to LazMan
Re: Blackberry share trading halted. Because they were egged on by the "market" |
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LazManPremium
join:2003-03-26
canada | This is where a strong leader, with a vision, would have kept them on the right course...
Of course, it's esay to be an armchair quarterback - but turning into a services company, or at least deversifying into one, 4-5 years ago, would have been a brilliant move. |
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Robrr
join:2008-04-19
Guelph, ON | reply to elwoodblues
said by elwoodblues:Because they were egged on by the "market Thats the unfortunate part of being a public company.
I hope with them going private, they can focus on the product and focus on rebuilding the brand.
I think in time, they'll make a comeback as a niche player. |
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 EUSKill cancerPremium
join:2002-09-10
canada | reply to donoreo
Re: Blackberry share trading halted.EDL BB going private It will be valued at a way lower price once DD is performed.
Bye bye BB.
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~ Project Hope ~ |
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elwoodbluesElwood BluesPremium
join:2006-08-30
HarperLand
kudos:1 | reply to LazMan
Re: Blackberry share trading halted. The way I see it, strong leader or not, if the "market" demands you compete with the iphone, you better compete or we'll punish your stock!
A few years back Apple had their best quarter to date, wasn't enough, punish the stock.
At some point the board/major shareholders are going to demand you do something to stop the stock slide.
It's a bullshit racket, BB has been a victim of its on ineptitude. As well as market forces
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No, I didn't. Honest... I ran out of gas. I... I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake....... |
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elwoodbluesElwood BluesPremium
join:2006-08-30
HarperLand
kudos:1 | reply to EUS
Re: Blackberry share trading halted.EDL BB going private The patents are worth a bundle, why do you think "the market" wanted BB to spin them off into a separate company? |
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Funny thing is I was at Panera breads to day and two ladies are talking behind me about the new iOS and how wonderful it is because you can swipe up to close your apps and that apple was so innovative. I pulled out my Blackberry Z10 and said "like this" and showed them. They said 'yeah like that wow' I said BB has been doing it for months on the phone and years on the Playbook and WebOS had it before that.
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"The hardest thing about any political campaign is how to win without proving that you are unworthy of winning." ~ Adlai E. Stevenson |
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koiraPoop and ScoopPremium
join:2004-02-16 | reply to elwoodblues
Re: Blackberry share trading halted. Will be interesting to see if other bidders such as Mike Lazaridis for example, come in now, Fairfax has entered the starting bid |
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EUSKill cancerPremium
join:2002-09-10
canada Reviews:
 ·voip.ms
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Re: Blackberry share trading halted.EDL BB going private So who gets stuck with that awful smell after the patents are siphoned off?
Fairfax will offer much less for everything, but it wouldn't be the 1st time i was wrong.
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~ Project Hope ~ |
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| reply to elwoodblues
Re: Blackberry share trading halted. said by elwoodblues:My guess is they'll take it private then sell the patents (the only real value BB owns), they'll make a killing on that alone.
The rest of the company, is worth nothing.
QNX is worth a lot - it's used in automotive control system & aircraft FMS, nuclear power systems, and all sorts of other industrial systems.
Certicom (encryption software) is also worth a ton. NSA is a master licensee of their stuff for US government use. |
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| reply to elwoodblues
said by elwoodblues:Because they were egged on by the "market"
This is what happens when the Board puts a 'financial' type without being steeped in the business in as chair (Barbara Symiest) and doesn't have an 'operator' in the chair.
Look over the history of companies in similar position as RIM and see what happened to them when a financial-type has been parachuted in - same things. |
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 digitalfuturSees More Than ShownPremium
join:2000-07-15
BurlingtonON
kudos:2 | reply to elwoodblues
Correct, and correct.
This marks BB's exit from the consumer phone business, and an exit from the enterprise market as well if Fairfax doesn't see that as financially viable over the long term.
Once again the market has determined who succeeds and who doesn't, which is exactly what is needed: government does not run the economy, nor can it support insolvent companies that are not financially viable.
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Logic requires one to deal with decisions that one's ego will not permit.
All that is necessary for the triumph of evil is that good men do nothing - Edmund Burke. |
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 FFHPremium
join:2002-03-03
Tavistock NJ
kudos:5 | reply to donoreo
Re: Blackberry share trading halted.EDL BB going private Fairfax info:
»en.wikipedia.org/wiki/Fairfax_Financial
»www.fairfax.ca/Corporate/board-o···ult.aspx
A member of Fairfax Bd of Directors:
Alan D. Horn
Alan D. Horn is currently the President and Chief Executive Officer of Rogers Telecommunications Limited and has been Chairman of Rogers Communications Inc. since March 2006. Mr. Horn served as Acting President and Chief Executive Officer of Rogers Communications Inc. during 2008. Mr. Horn was Vice-President, Finance and Chief Financial Officer of Rogers Communications Inc. from 1996 to 2006 and was President and Chief Operating Officer of Rogers Telecommunications Limited from 1990 to 1996.
Besides Fairfax, looks like other members of the consortium will be pension plans:
»online.wsj.com/article/SB1000142···478.html
BlackBerry didn't say who, apart from Fairfax, would take part in the consortium, but according to people familiar with the matter, Canadian Pension Plan Investment Board and Ontario Teachers' Pension Plan could take part.
Canadian pension funds will likely be involved in the deal, Fairfax Chairman and Chief Executive Prem Watsa told the Wall Street Journal Monday, without providing specifics.
P.S.>>
Prem Watsa, the head of Fairfax, was until recently on the Blackberry Bd of Directors because Fairfax already has a 10% ownership stake in Blackberry. He recently resigned from Blackberry Board - my guess is because he knew then he was planning a takeover.
»blogs.wsj.com/moneybeat/2013/09/···-rescue/
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The Nobama Clock
»goo.gl/DlUXaJ
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