1. birdman_38's Avatar
    Among other real estate options, BlackBerry is considering selling their empty buildings in Waterloo.

    BlackBerry weighs real-estate sale - The Globe and Mail

    "According to the companys disclosure, the value of its land, based on cost, was $119-million as of June 1 and its related buildings, leasehold improvements and other real estate assets had a value of $1.28-billion, at cost (prior to any amortization). That includes real estate that it owns outside the Waterloo region."

    The article brings to light an important point. Let's crunch the numbers:

    $1.4 billion real estate + $2.6 billion cash on hand + $1 billion in patents and other intellectual property + $1.2 billion for the network + $1.5 billion for software = $7.7 billion.

    Subtract $400 million in restructuring costs and $800 million to hypothetically close down hardware operations = $6.5 billion

    With their $4.7 billion offer involving no cash commitment, Fairfax is committing highway robbery
    10-02-13 10:24 AM
  2. pkcable's Avatar
    Why NOT sell empty building? Especially when you are hurting so bad?
    kbz1960 likes this.
    10-02-13 10:30 AM
  3. BergerKing's Avatar
    10-02-13 10:31 AM

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