Ontario Official Has no Intentions to Thwart Potential BlackBerry (BBRY) Breakup

While Ontario’s Economic Development Minister Eric Hoskins is positive on BlackBerry's (Nasdaq: BBRY) prospects, he said the provincial government wouldn't interfere if the company were to be sold in pieces.

Canada's Globe & Mail said today quotes Hoskins as saying, I don’t think we are going to intervene in a business decision taken by the company ... Our preference is for BlackBerry to remain its own entity and to remain in Ontario.

I don’t think anybody is certain in terms of what the future of BlackBerry holds but it still produces, both on the hardware and the software side, products which are appreciated by a great number of individuals and companies ... I wouldn’t write it off yet. It has the technology which is still very much in demand. But it’s a fast moving business and particularly on the consumer side any company needs to be able to innovate quickly to respond to changing consumer needs and what the market place holds. I remain optimistic, Hoskins said.

The federal government would be the one to decide whether a sale of any part of BlackBerry would be best for the country, Hoskins noted.

Hoskins will be presenting at the Bloomberg Enterprise Technology Summit on Tuesday in London.

Shares of BlackBerry are down 1.9 percent Monday.

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