BlackBerry (BBRY) co-Founder Sees Opportunity in Beleaguered Company
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BlackBerry (BBRY) Founders Fregin, Lazaridis May Submit Joint Bid
October 10, 2013 2:00 PM EDTMr. Lazaridis is a founder and former President, Co-Chief Executive Officer and Co-Chair of BlackBerry (Nasdaq: BBRY) and Mr. Fregin is a founder and former Vice President, Operations of the Issuer. Each of Mr. Lazaridis and Mr. Fregin acquired the Shares he beneficially owns for investment purposes, including upon founding of the Issuer and through the exercise of options and other equity grants received by him during his prior term of employment with the Issuer.
In light of the Issuers recent announcement that its board of directors has formed a Special Committee to... More
BlackBerry (BBRY) Founders Fregin, Lazaridis May Submit Joint Bid
October 10, 2013 2:00 PM EDTMr. Lazaridis is a founder and former President, Co-Chief Executive Officer and Co-Chair of BlackBerry (Nasdaq: BBRY) and Mr. Fregin is a founder and former Vice President, Operations of the Issuer. Each of Mr. Lazaridis and Mr. Fregin acquired the Shares he beneficially owns for investment purposes, including upon founding of the Issuer and through the exercise of options and other equity grants received by him during his prior term of employment with the Issuer.
In light of the Issuers recent announcement that its board of directors has formed a Special Committee to... More
BlackBerry (BBRY) Founders Fregin, Lazaridis May Submit Joint Bid
October 10, 2013 2:00 PM EDTMr. Lazaridis is a founder and former President, Co-Chief Executive Officer and Co-Chair of BlackBerry (Nasdaq: BBRY) and Mr. Fregin is a founder and former Vice President, Operations of the Issuer. Each of Mr. Lazaridis and Mr. Fregin acquired the Shares he beneficially owns for investment purposes, including upon founding of the Issuer and through the exercise of options and other equity grants received by him during his prior term of employment with the Issuer.
In light of the Issuers recent announcement that its board of directors has formed a Special Committee to... More
Paradigm Downgrades BlackBerry (BBRY) to Hold
September 23, 2013 8:41 AM EDTParadigm downgraded BlackBerry (NASDAQ: BBRY) from Speculative Buy to Hold with a price target of $10.50 (from $15.00).
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 $8.73 yesterday, with a 52 week range of $8.01-$17.22.... More
No Liquidity Issue at BlackBerry (BBRY) Anytime Soon, But No Upside Either - Bernstein
September 23, 2013 8:17 AM EDTUber-bearish BlackBerry (NASDAQ: BBRY) analyst Pierre Ferragu of Bernstein is taking a victory lap following Friday's warning and subsequent collapse in the stock price.
"This fully supports our negative perspective on the name: Literally no traction for Blackberry 10 devices with... More
Baird Upgrades BlackBerry (BBRY) to Neutral
September 23, 2013 8:00 AM EDTBaird upgraded BlackBerry (NASDAQ: BBRY) from Underperform to Neutral.
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 $8.73 yesterday, with a 52 week range of $8.01-$17.22.... More
BlackBerry (BBRY) Needs to Accept a Lower Offer 'Quickly' - Macquarie
September 23, 2013 7:43 AM EDTMacquarie analyst Kevin Smithen reiterated an Underperform rating and cut its price target on BlackBerry (NASDAQ: BBRY) from $9 to $7 following Friday's warning.
"We believe BBRY's Board, management, major shareholders and the Canadian government will need to accept a low offer quickly before liquidity... More
BlackBerry (BBRY) Post 'Worst Miss Ever' in Tech - Nomura
September 23, 2013 7:37 AM EDTNomura Securities analyst Stuart Jeffrey reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY) and cut his price target from $10 to $9 following Friday's warning.
BlackBerry pre-announced Q2 headline results, saying that revenues will be around $1.6bn (consensus was $3.1bn), that an inventory... More
BlackBerry (BBRY) Updates Outlook: Sees Wider than Expected Q2 Loss; Will Cut 4,500 Jobs
September 20, 2013 3:16 PM EDTBlackBerry (Nasdaq: BBRY) reports preliminary Q2 results:
-- Company expects GAAP net operating loss of approximately $950 million to $995 million; loss includes a primarily non-cash, pre-tax inventory charge of approximately $930 million to $960 million resulting from the increasingly competitive business environment impacting BlackBerry smartphone volumes, and a pre-tax restructuring charge of $72 million
-- Company expects to report revenue for the second quarter of approximately $1.6 billion; recognizes sales of approximately 3.7 million smartphones in the second quarter
-- Company to refocus on enterprise and prosumer market, offering end-to-end solutions, including hardware, software and services... More
