Why Canadian Govt. take 60% Stake in BBRY
- BBRY has enough cash if Canadian Govt. help they can give premium($18) to its share holders and make their company private. US govt. helped American Insurance, GM , Citi Bank and many more companies and these company rewarded US companies with handsome money then why Canadian Govt is not helping its Canadian Jewel.09-06-13 11:07 AMLike 0
- actually you'd be dead wrong, all parliament and military use BlackBerry smartphones. The reason they aren't helping right now, is they have their own issues to deal with. IF BlackBerry can't sort this out themselves, than yes, the Canadian Government may make a move to keep it Canadian owned09-06-13 11:33 AMLike 8
- Ridiculous comparison. While the AIG and other insurance/bank bailouts were politically motivated to some degree, the their derivatives contracts that were about to go bad included multiple counterparties all over the world and had a notional value in the trillions of dollars. Yes, literally trillions.
As for GM and Ford, those companies employed hundreds of thousands of workers, and are highly unionized...their downfall could have a big impact during congressional, senate and presidential elections. They also contribute heavily to US GDP.
BB on the other hand employs roughly 10,000 people and contributes a miniscule amount to Canada's GDP. They are far from being 'too big to fail' which is what you are implying.amazinglygraceless likes this.09-06-13 11:49 AMLike 1 - actually you'd be dead wrong, all parliament and military use BlackBerry smartphones. The reason they aren't helping right now, is they have their own issues to deal with. IF BlackBerry can't sort this out themselves, than yes, the Canadian Government may make a move to keep it Canadian owned09-06-13 12:00 PMLike 0
- Way too risky for an investment as a CPP investment. They have suitors in line have they not?
What will be will be. If other companies do not want buy I am not sure why Canada would want to buy the company. The political advantage is limited because most of the jobs would be centered in one or two ridings which is not enough to make a difference and would probably be offset by negatives in other ridings.
The government here likes to invest in infrastructure projects.Last edited by Bbnivende; 09-06-13 at 01:05 PM.
09-06-13 12:38 PMLike 0 - ThunderbuckRetired ModeratorThe investment fund for the Canada Pension Plan (for our American friends, think Social Security) has already stated a willingness to participate in a "gone-private" BBRY. To me, that represents kind of "back door" federal government intervention.
We'll see how that actually plays out. My own guess--what they're trying to do is take the company private with Prem Watsa's Fairfax Financial (which already owns a significant stake anyway), Mike Lazaridus (ditto) and a few other participants. Possibly the big Canadian banks, who also hold some stake in the company.09-06-13 01:00 PMLike 2 - The last thing I read was that the Federal Government was in for around 50,000 BBs or so. Wish I could find the article to source it. Anyways, the issue with the federal governemt is that it's too damn slow to upgrade. I have a Curve 9300 running OS 6! I hope that they make the switch soon, or enable balance so that I can just use my Z10 for work and play (Before I get blasted, yes I know wishful thinking).09-06-13 01:07 PMLike 0
- Way too risky for an investment as a CPP investment. They have suitors in line have they not?
What will be will be. If other companies do not want buy I am not sure why Canada would want to buy the company. The political advantage is limited because most of the jobs would be centered in one or two ridings which is not enough to make a difference and would probably be offset by negatives in other ridings.
The government here likes to invest in infrastructure projects.09-06-13 01:07 PMLike 0 -
A purchase announcement isn't coming as long as BBRY is in the double digits. An interested party is going to wait for a fair price and, the more they think there are few other serious parties, they will be more inclined to wait it out.09-06-13 01:28 PMLike 0 - Why do I keep reading these threads about bailing out Blackberry?
How do you bail out a company that has no debt, $3billion in the bank and a significant customer base?
Bailing out Blackberry would be like helping someone walk that has a sore elbow.....09-06-13 01:34 PMLike 3 -
GM as a company is a totally different market than blackberry is. The auto sector will always be around. One was broke one isn't. The tech sector is high risk and only the strong survive. Blackberry is shaping up to be another Nortel because of incompetent management. To stupid to learn from their past!
A sale is their only hope to save themselves.09-06-13 01:44 PMLike 0 -
And what are the billions doing for them you ask? Seriously? How about allowing further R&D, and simply keeping them moving and staying above water! They are not leveraged, so no creditors are calling anything in!!!! People have gone flat out bat sh&t crazy on here with talk of selling BB, there is this misconception that the doors are about to be locked.
People need to get out for some fresh air or something09-06-13 01:49 PMLike 0 - Because the auto sector employees over 170,000 people in Ontario alone And much more in other places through out canada.
GM as a company is a totally different market than blackberry is. The auto sector will always be around. One was broke one isn't. The tech sector is high risk and only the strong survive. Blackberry is shaping up to be another Nortel because of incompetent management. To stupid to learn from their past!
A sale is their only hope to save themselves.Alphax45 likes this.09-06-13 01:51 PMLike 1 - BBRY has enough cash if Canadian Govt. help they can give premium($18) to its share holders and make their company private. US govt. helped American Insurance, GM , Citi Bank and many more companies and these company rewarded US companies with handsome money then why Canadian Govt is not helping its Canadian Jewel.09-06-13 02:15 PMLike 0
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They do NOT need a bail out, NOR would they get one. This isn't GM or the banks, BB is NOT underwater.
BB's biggest problem is they are not Apple or Samsung....so that must mean they will die. stop, and think about the hysteria in here. It's becoming laughable09-06-13 02:17 PMLike 3 - There is no debt, no legacy costs, it doesn't need to be cold hard cash, its $3 billion in assets (liquid and tied). Point is, there is no debt, there is no fear of not being able to pay employees or pay suppliers. If BB does absolutely nothing, and just sits there....it could take YEARS to bleed out!! But they are not doing nothing, reality is, they are still selling phones (maybe not as much as they would like or more accurately what other s would want), they are still installing BES into corporations, QNX still controls and is growing in the automotive space, there is revenue coming in.
They do NOT need a bail out, NOR would they get one. This isn't GM or the banks, BB is NOT underwater.
BB's biggest problem is they are not Apple or Samsung....so that must mean they will die. stop, and think about the hysteria in here. It's becoming laughablemathking606 and ibpluto like this.09-06-13 02:40 PMLike 2
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Why Canadian Govt. take 60% Stake in BBRY
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