[kellyweng88]

shouldnt the signing with Yanfeng have brought the stock up?

[W Hoa]

Who owns Volvo. They are due to update their Sensus system.

I think they just bought Lotus as well.

[W Hoa]

shouldnt the signing with Yanfeng have brought the stock up?

Consolidating. Patience.

[Corbu]

I think they just bought Lotus as well.

They did. And they had bought Volvo from Ford...

[Corbu]

After licensing head’s exit, BlackBerry IP revenues top $50 million for second quarter - Blog - Intellectual Asset Management (IAM) - Maximising IP Value for Business

BlackBerry saw its IP revenues almost double in the second quarter, jumping from $32 million in the first three months of the fiscal year to $56 million for the period ending August 31st (the company accounts on a March to February fiscal year). On a call with analysts BlackBerry CEO John Chen revealed that the company had recognised IP revenues from three licensing deals with Ford, Blue and Timex and added that the business had “a good pipeline of opportunities”.

The latest results come just weeks after this blog broke the news that senior vice president of IP, licensing and standards Mark Kokes, had left the business. Kokes was hired from InterTrust in 2014 to aggressively grow BlackBerry’s IP monetisation programme, and the latest results suggest that he has left the company in decent shape as it looks to generate a return from its portfolio of a little under 40,000 assets.

The details around his departure are so far shrouded in mystery although IAM understands that Kokes has since joined Nantworks, a healthtech business owned by a Los Angeles-based billionaire. Despite the rise in IP revenues his exit was not mentioned on the analyst call or in the earnings release, suggesting that the company does not view it as a material event that needs to be communicated to investors.

What will be interesting to now follow is the degree to which his departure impacts the company’s IP returns. While Kokes was responsible for building a licensing team in-house, several outside observers suggested that a number of more senior executives were closely involved in the commercialisation efforts. Kokes reported into Sandeep Chennakeshu, president of BlackBerry Technology Solutions, while Chen himself is thought to have kept close tabs on the licensing efforts.

It’s not clear yet who might replace Kokes but whoever does take over will be taking charge of what is still a relatively embryonic monetisation programme. So might we be seeing the early days of a licensing force with regular revenues of several hundred million dollars?

Given Blackberry’s status as a one-time handset pioneer with a huge patent portfolio to monetise, obvious comparisons can be made with Nokia. In monetisation terms the Finnish company has a head start of several years and privately some market observers scoff at that kind of comparison suggesting that there is a wide gap in quality between the two businesses’ portfolios.

That message clearly didn’t reach Kokes who was known to be particularly bullish about the monetisation prospects for BlackBerry’s IP assets and told IAM earlier this year that his mandate was simply to, “monetise the BlackBerry portfolio using every means possible”. That saw him strike a number of licensing deals but also sell some assets such as a 2015 disposal to investment firm Centerbridge Partners.

[La Emperor]

It's my understanding that the SAF revenue only fell $1 million but that wasn't expected to continue. I believe during the prepared remarks from the CFO discussing the financial results indicated that the results were as a result of a better recovery of unpaid SAF revenue from clients. They still are modeling a decline in SAF of 20-25% I believe.

Posted via CB10

Thanks Curve. Just catching up with the postings.

[W Hoa]

The details around his departure are so far shrouded in mystery although IAM understands that Kokes has since joined Nantworks, a healthtech business owned by a Los Angeles-based billionaire.

Could be some cross pollination happening considering that the 'Los Ageles-based billionaire' is Dr PatrickSoon-Shiong, the founder, chairman and CEO of Nantworks and NantHealth and who is a close friend, and to some extent a business partner, of John Chen

[morganplus8]

Just a quick chart to show you what's happening today:



The bulls and the bears are having a battle right now and it will resolve today. The price of the stock has been neutral but it has to decide the direction by 2:30 PM at the latest. I don't think it will take that long. We are over-bought on the RSI but that doesn't really matter right now. Let's see who wins the battle.

Shout out to everyone for great posts, nice to see CB working again too.

A special shout out to the families in Las Vegas today. This is not the kind of world that we want to leave for future generations. Breaks my heart.

[W Hoa]

The price of the stock has been neutral but it has to decide the direction by 2:30 PM at the latest.

Cheers

[Andy_bb_king]

Cheers

Incredible!

[kellyweng88]

Dang, right on time. Morganplus8 must be some kinda magician...

[primusd]

The price of the stock has been neutral but it has to decide the direction by 2:30 PM at the latest. I don't think it will take that long.

Seems to have picked up at 2:16... wouldn't mind a little more precision next time Morgan - really no idea how you can nail it so well... can't simply be TA. Impressive to watch!!!

[morganplus8]

Thanks guys, I would also say that we are attempting to make a multi-year high close right now, very bullish. I think that high is about $ 11.42/shr???? So watch for that. If it can close at that multi-year high, you usually get quite a rally from there. GL

[W Hoa]

Dang, right on time. Morganplus8 must be some kinda magician...

He's been known to practice the Black (ch) Arts

[FeitaInc]

He's been known to practice the Black (ch) Arts

Damn..

[Corbu]

More on Mark Kokes, NantWorks, etc.
BlackBerry's patent strategy head exits, joins health tech firm -sources | Reuters

[phil17]

well gang, I sold all my position this morning. the primary reason is I've held onto these for prob 6+ years and wanted to move the $ out of my investment account into my TFSA. Will now need to wait for an entry point. GL everyone

[StormieTwo]

Tom Petty passed away today.

[Corbu]

morganplus8 and La Emperor like this.

[farmwersteve]

well gang, I sold all my position this morning. the primary reason is I've held onto these for prob 6+ years and wanted to move the $ out of my investment account into my TFSA. Will now need to wait for an entry point. GL everyone

Dude, you could have just your broker and they will 'contribute' from your trading account to your tsfa trading account

Scotia itrade does it for free. And best part is you contribute at current days current hi or low, or previous days close.

So it's a good way to shelter some tax gains by using the previous days close when there is a bit of a spike in share price

[bbjdog]

Corbu mate! can't see the post. I'm assuming its twitter.

[Corbu]

Sorry dog! Indeed, Twitter. No big deal, though. Just a 36 second video entitled "Endless Possibilities".

Good to see BlackBerry Mobile keeping up the momentum...

As with a whole series of recent videos in Spanish. Such as this one:

[bbjdog]

Morgan mate! Anyway of getting your thoughts on SPHS latest news release?

[bbjdog]

Sorry dog! Indeed, Twitter. No big deal, though. Just a 36 second video entitled "Endless Possibilities".

Thanks mate!

[Andy_bb_king]

Hi Corbu, are you able to add one more question?

Blu is paying royalties to BlackBerry after lawsuit. Is there any other Android Phone makers BlackBerry is targeting currently?