Competition Appears Biggest Reason for BlackBerry's (BBRY) Troubles
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Odds of BlackBerry (BBRY) Takeover Haven't Changed, Says Goldman
August 13, 2013 12:18 PM EDTOn Monday BlackBerry (NASDAQ: BBRY) said it has formed a special committee to explore strategic alternatives. Reports Tuesday said Fairfax Financial and others are looking at the company. Despite this, analysts at Goldman aren't overly optimistic about a deal given BlackBerry's cash flow.
"While press reports have... More
Who Will Buy BlackBerry (BBRY)? Here Are Some Potential Suitors...
August 13, 2013 7:00 AM EDTBlackBerry (Nasdaq: BBRY) shares rose Monday on news that its management team would now explore strategic alternatives, which might include a sale. But, who would buy the ailing device maker?
The Globe & Mail thinks Fairfax Financial Holdings Ltd. might take a hard look at BlackBerry. Fairfax currently holds 10 percent of BlackBerry, making it a very viable candidate.
Conversely, the NY Post cites sources in saying that BlackBerry is looking for more... More
Evercore Partners Upgrades BlackBerry (BBRY) to Equal Weight
August 12, 2013 2:12 PM EDTEvercore Partners upgraded BlackBerry (NASDAQ: BBRY) from Underweight to Equal Weight with a price target of $10.00.
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $9.76 yesterday, with a 52 week range of $8.57-$17.22.... More
BlackBerry (BBRY) LBO Makes Sense; Stock Worth $15 in LBO Scenario - Jefferies
August 12, 2013 1:11 PM EDTJefferies analyst Peter Misek weighed on BlackBerry (NASDAQ: BBRY) Monday amid news the company is exploring strategic options, including the potential sale of the company.
Misek believes an LBO is possible. "Due to the lackluster BB10 launch, we think the board is actively considering taking the company private or selling the company (we view Samsung as most likely)," he said. "With interest from several large Canadian funds and rescaled opex, we think an LBO is feasible."
The analyst thinks Prem Watsa's resignation from the board supports a possible LBO. "Prem... More
BlackBerry (BBRY) Launches Plan-B, Takeover Price $7.30-$16.60/Sh
August 12, 2013 11:21 AM EDTGiven the lack of traction for its new smartphones, it's 'Plan B' time for BlackBerry (NASDAQ: BBRY), comments Nomura Securities Stuart Jeffrey amid news the company is exploring strategic alternatives.
Jeffery noted a few points from this morning's statement from the company:
1. The wording that a transaction may not happen suggests to them the focus in on selling the company or taking it private.
2. While it may have been inferred before, the company previously did not state that a sale was part of its strategic consideration.
3. "Other... More
Macquarie Skeptical of BlackBerry (BBRY) Deal
August 12, 2013 9:42 AM EDTMacquarie analyst Kevin Smithen weighed in on BlackBerry (NASDAQ: BBRY) following news the company will explore strategic alternatives, including a potential sale. The analyst is skeptical to say the least.
Given high cash burn and large subscriber losses, the analyst is skeptical that financial... More
BlackBerry (BBRY) to Explore Strategic Alternatives
August 12, 2013 7:58 AM EDTBlackBerry (Nasdaq: BBRY) announced that the Company's Board of Directors has formed a Special Committee to explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment. These alternatives could include, among others, possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions.
The Special Committee of the Board is comprised of Barbara Stymiest, Thorsten Heins, Richard Lynch and Bert Nordberg, and will be chaired by Timothy Dattels.
With the announcement of the Special Committee, Prem Watsa,... More
