- 09-26-2013, 05:47 PM #226
Blackberry OS10 phones account for 0% (rounded) of total phones in the marketplace. For a company that controlled just short of 66% about a half decade ago, what else is there to understand??? Be thankful for $9.
Last edited by M65c02; 09-30-2013 at 09:03 AM.
- CrackBerry User
09-29-2013, 06:54 PM #227
- 66 Posts
Don't steal my wallet, take out the cash, and give it back to me as if you are my friend, as PW is doing. PW should have done his job as a director and fired incompetent management.
There is more than enough evidence that almost everything from the release of the phones, to marketing, to sales, to support have been terribly coordinated and executed. Now, $9 is "good" because this management team drove the company into the ground?
- 09-30-2013, 09:21 AM #228
Agree with your concerns/comments. In 2006, and maybe as late as 2009, BlackBerry still had a chance to have planned for an industry leadership role in this decade. The mgmt once responsible for building a mega-force in the the industry did not have the ability and/or desire to perform the tasks necessary to continue on top. It's sadly that simple and somewhat common with high flying cos.
But the mgmt implosion is mostly water that has escaped over the dam at this point, albeit Fairfax will have to recruit someone to take over this mess if their intention is to kerp OD10 going. Probably best that we can hope for is a relatively smooth and quick sale to Fairfax and that they will keep OS10 percolating. Notwithstanding those that are shareholders and (foolishly) refused to cut losses absolutely no later than June, it's time for BB OS10 users to ready ourselves for new mgmt and a new future for BlackBerry--good or bad. But today, obviously it doesnt make sense for anyone to put all their business/personal eggs solely into reliance on the the BlackBerry basket until we determine the next owners strategy for our BB.
So, not happy but this landslide we saw building from several winter's snows.
Last edited by M65c02; 09-30-2013 at 09:34 AM.
- CrackBerry Master
10-01-2013, 01:38 PM #229
- 1,144 Posts
Analysts now suggesting the offer will decrease to $7 per share after due diligence.
Analyst sees Fairfax slashing BlackBerry bid to just $7 a share - The Globe and Mail
Should make the shareholders in this thread even angrier!
- 10-02-2013, 09:27 PM #230
Yep, as I've said repeatedly in posts since June, BB is a $7-8 stock if left to this fall--maybe $5-6 if left to bleed into early 2014. Frankly, I think Fairfax struck too soon but obviously they want to take control of their investment. There are a couple Funds that pursue big tech and it's possible that Msft also saw value in BB, albeit after the Nokia deal less likely. In striking fast, Fx likely also will attempt to leverage some value from BlackBerry parts while revamping OS10 strategy over next 3-5yrs before spinning-off this last remnant too.
Yes, again, I undestand "not happy" sentiments w/fairfax offer but anyone that held after June (at the very latest) was playing the lottery only to get their money back. But it was absolutely impossible for BlackBerry to increase its shAre value (given June financials) except thru a $1-2 premium offered, as a buy out, by some "nutty" hedge fund. Remember, the downside u havent seen...hope for a smooth, quick close--both as a shareholder and as an OS10 fan.
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- CrackBerry Genius
10-02-2013, 11:39 PM #231
- 4,013 Posts
New BlackBerry Buyout Interest, Just Do Not Ignore the $7 Warning - BlackBerry (NASDAQ:BBRY) - 24/7 Wall St.
New BlackBerry Buyout Interest, Just Do Not Ignore the $7 Warning
By Jon C. Ogg October 2, 2013 1:38 pm EDT
inShare.0 It is no longer a secret that Blackberry Ltd. (NASDAQ: BBRY) is in trouble. It is also no secret that Fairfax Financial has entered into an expression of interest to acquire the troubled company for its patents and assets at $9.00 per share. One fresh analyst report now puts the sum of the parts being worth only $7 per share. So what are investors supposed to think when they see reports that Cerberus and other firms are expressing some interest in potentially acquiring BlackBerry?
Dow Jones has written a report that Cerberus Capital Management LP, one of the top private equity firms, is seeking to sign a confidentiality agreement with BlackBerry in order to do the proper financial due diligence. We would point out that expressing interest is far from making a new buyout offer. It is also far from signaling that it would seek to make a higher buyout offer than the $9 that Fairfax has indicated.
We would also point out that this interest from Fairfax is not exactly a formal buyout. It is subject to due diligence and financing and there is a go-shop provision.
So, there may be some serious concern that the $9 buyout price will either not hold or would be walked away from. BlackBerry closed at $7.92 on Tuesday and was trading down as low as $5.51 on Wednesday morning. This is a wide enough spread that the market is signaling two things: 1) there will not be a super-premium bidding war and 2) that the deal may not happen at all.
On Monday we highlighted that an analyst at Canaccord Genuity gave only a $7 price target on shares of BlackBerry. The consumer business was given a long-term value of zero, and the report warned that few future sales opportunities exist. Even the intellectual property was valued at $1.5 billion versus the $3.5 billion that the company thinks they are worth. Even the cash expected value was slashed down to $1 billion due to loss expectations, financial commitments and severances. The enterprise subscriber base was given a value of only $1.25 billion.
Maybe Cerberus is interested and maybe it is not. The reality is that the case for a super-premium deal is dwindling each week that new audience and consumer trends measurements are available. The Android phones from Google Inc. (NASDAQ: GOOG) and the iPhones from Apple Inc. (NASDAQ: AAPL) have handily killed BlackBerry.
Everyone seems to have either an iOS or an Android smartphone these days. The elephant in the room that nobody wants to acknowledge is that BlackBerry as a phone is perhaps just the next Palm. When was the last time you saw a Palm phone in use?
BlackBerry shares were up almost 2% at $8.07 in mid-afternoon trading on Wednesday. That may be better than earlier in the day, but it is still far from the $9 bogey that is currently used as a benchmark.
By Jon C. Ogg
Read more: New BlackBerry Buyout Interest, Just Do Not Ignore the $7 Warning - BlackBerry (NASDAQ:BBRY) - 24/7 Wall St. New BlackBerry Buyout Interest, Just Do Not Ignore the $7 Warning - BlackBerry (NASDAQ:BBRY) - 24/7 Wall St.
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- 10-11-2013, 09:40 AM #232
$7 warning will not rattle those betting on the long. There is value in BlackBerry. Competing privatization bids need to provide those who want to stay in a method of doing so.
Anyone still holding does not care what Wall street is saying, has said and is going to continue to say.
Posted via CB10Boring signature.
- CrackBerry Genius
10-11-2013, 09:58 AM #233
- 2,069 Posts
- CrackBerry Genius
10-11-2013, 01:03 PM #235
- 3,146 Posts
BlackBerry has an experation date on it, they are slowing running out of money.... they really can't afford to say no too many times. "those betting on the long" have already lost, at this point it's a matter of degrees
- 10-11-2013, 02:43 PM #236
Last edited by M65c02; 10-11-2013 at 02:56 PM.
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