Good Technology Will Help BlackBerry (BBRY) Gain Market Share, but L-T Handset, Software Issues Remain - Oppenheimer
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MKM Partners Cuts Price Target on BlackBerry (BBRY) Following Announced Plans to Acquire Good Technology
September 4, 2015 1:24 PM EDTMKM Partners maintained a Neutral rating on BlackBerry (NASDAQ: BBRY), and cut the price target to $8.00 (from $8.50), following the announcement that the company will acquire Good Technology for $425mn in cash. The deal is expected to close in late 3QFY16.
Analyst Michael Genovese... More
MobileIron (MOBL) More Likely to Seek Sale Following BlackBerry (BBRY)/Good Deal - Deutsche Bank
September 4, 2015 12:24 PM EDTDeutsche Bank maintained a Hold rating on MobileIron (NASDAQ: MOBL) and reduced its price target to $5.00 (from $6.00). Comments follows news earlier that BlackBerry (NASDAQ: BBRY) will acquire Good Technology, MobileIron's rival. In the view of analyst Karl Keirstead this could put the company at a disadvantage... More
BlackBerry (BBRY) to Acquire Good Technology in $425M Deal
September 4, 2015 8:01 AM EDTBlackBerry (Nasdaq: BBRY) announced that it has entered into a definitive agreement to acquire Good Technology for $425 million in cash.
The acquisition of Good is aligned with BlackBerry's strategy to offer customers the most complete, end-to-end solution that secures the entire mobile enterprise, across all platforms. Enhanced by Good, BlackBerry will expand its ability to offer a unified, secure mobility platform with applications for any mobile device on any operating system - supported with security that has been certified by governments around the world embedded in every component of the mobility infrastructure.
Good... More
