09-27-13 07:41 PM
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  1. xandermac's Avatar
    It took this for David to give up on apps? The announcement last week that they were giving up on the consumer didn't drive a nail in that coffin?


    Sent from my 4s using TapaTalk
    09-23-13 03:20 PM
  2. Jennifer Ryans's Avatar
    Deal doesn't go through until Nov. 4th.
    Plenty of time between now and then.
    Again, not happening.
    09-23-13 03:22 PM
  3. Wiki Cydia's Avatar
    Why would you break up a company for a quick $3 billion single time payment, when you have the possibility of getting probably twice that amount each year?
    Why would a company that has "the possibility" of making $6 billion a year sell itself for $4.7 billion when they've got $2.6 billion in cash and no debt?
    09-23-13 03:24 PM
  4. cgk's Avatar
    We have started to get information on Fairfax's 'strategic partner':

    BlackBerry Stock Halted, Fairfax Bid for 4.7 Billion on the table-carry-dick.jpg
    JeepBB and richardat like this.
    09-23-13 03:26 PM
  5. LoganSix's Avatar
    Why would a company that has "the possibility" of making $6 billion a year sell itself for $4.7 billion when they've got $2.6 billion in cash and no debt?
    To get away from the stock market analysts that made it worth $4.7 billion when it is worth more.
    09-23-13 03:26 PM
  6. mikeo007's Avatar
    To get away from the stock market analysts that made it worth $4.7 billion when it is worth more.
    That makes absolutely no sense.
    The stock is worth what the stock is worth.
    If the value of the company goes up due to some tangible asset, the value of the stock will follow.
    JeepBB and richardat like this.
    09-23-13 03:27 PM
  7. DS1331's Avatar
    I would guess that Heins doesn't care even if it was $1/share.. I suspect he just wants his 57,000,000 dollar golden handshake and to go off and retire...

    should never have a golden handshake clause in a contract like that.. no incentive to try and make the company successful.. 57 million reasons to try and bring it down and get it sold off....

    Unfortunate.. Hopefully fairfax keeps it together.. replaces management.. and tries to bring them back up to where they very well could be with proper guidance.. but I somehow suspect that they will sell off bits and pieces.. the patents they hold are worth probably more than the 4.7B on the table..
    That's bull **** dude, he probably had even more clauses in his contract for bonus's to make 100 million dollars if the company did well and succeeded. So you can't sit there and say he didn't try at all because he was going to make 57 mil from doing nothing, im sure he would have made a hell of a lot more if BlackBerry actually succeeded

    Sent From Q10/HTC One
    09-23-13 03:28 PM
  8. LP_Rigg's Avatar
    They are at $11 billion a year currently with possible yearly loss of $1 billion (only Q2 at the moment).
    They had a loss of $500 million (rounded up) last year, yet still managed to increase cash on hand by $1 billion on revenues of $18 billion.

    After shedding dead weight and getting refocused, if they were to regain a tiny teeny bit of market share (signs show that they are) and increase revenues back to $18 billion, they will easily make back the cost of acquisition at $5 billion in one year time.

    Why would you break up a company for a quick $3 billion single time payment, when you have the possibility of getting probably twice that amount each year?

    And if you wait a year and the phone business still isn't going well, you still have BES and BBM to sell at a high price after BBM is rolled out and more companies have moved to BOD on BES 10.1.
    ^^ Agreed - The ability to not have a high cash burn rate has been remarkable. Close examination of their Q2 losses is demonstrative of this. Posting a loss, on paper, is not always a bad thing, and can actually be a great thing from a business perspective. Lower taxes, etc...

    The downside for BB as a publicly traded company is negative consumer sentiment from loss reports without knowing their nature.
    Pete The Penguin likes this.
    09-23-13 03:28 PM
  9. Wiki Cydia's Avatar
    To get away from the stock market analysts that made it worth $4.7 billion when it is worth more.
    You may as well have just said "because," because what you wrote doesn't make any sense.
    09-23-13 03:29 PM
  10. FSeverino's Avatar
    Why would a company that has "the possibility" of making $6 billion a year sell itself for $4.7 billion when they've got $2.6 billion in cash and no debt?
    Because 'possiblity' means nothing. They are being hammered by media for anything that happens. Going private will allow them time to do the refocusing without prying eyes.

    Posted via CB10
    LP_Rigg likes this.
    09-23-13 03:30 PM
  11. m1a1mg's Avatar
    Again, I know that... it leaves higher bids open though. Like $10, considering $11 and $14 were floating around a few weeks ago we can see another bid.

    Again, I hope whatever happens I will ( able to buy a great BlackBerry phone in the future... running BB10

    Posted via CB10
    Floated by whom? Fanbois on CB? This company has been for sale since March of 2012. No takers.
    mset likes this.
    09-23-13 03:31 PM
  12. LoganSix's Avatar
    That makes absolutely no sense.
    The stock is worth what the stock is worth.
    If the value of the company goes up due to some tangible asset, the value of the stock will follow.
    Ummm, yes, the stock is worth what the stock is worth, based on how much someone is willing to pay for it which can be influenced by stock "analysts" and news reports.

    Or, did you think the stock market only goes up if the business makes money and only goes down if they are losing money?

    Because, you know, BlackBerry has more revenue and customers now than it did when the stock was $150 per share.
    09-23-13 03:32 PM
  13. m1a1mg's Avatar
    Deal doesn't go through until Nov. 4th.
    Plenty of time between now and then.
    How much time since March of 2012? Nothing happened in 18 months. What makes you think something will happen in 42 days?
    JeepBB and CHIP72 like this.
    09-23-13 03:36 PM
  14. FSeverino's Avatar
    Floated by whom? Fanbois on CB? This company has been for sale since March of 2012. No takers.
    Various 'reporters '.. sorry if you don't believe it, I'm just doing what everyone else does when something negative happens with BlackBerry... why is it a problem now?

    Posted via CB10
    09-23-13 03:36 PM
  15. LoganSix's Avatar
    How much time since March of 2012? Nothing happened in 18 months. What makes you think something will happen in 42 days?
    It wasn't for sale until now.
    Who knows, maybe Larry Ellison will decide he DOES want to get into the mobile market.

    Or, if you want conspiracy. The price was going up in March and it took this long to sink it to a point for them to take it private.
    09-23-13 03:38 PM
  16. m1a1mg's Avatar
    Various 'reporters '.. sorry if you don't believe it, I'm just doing what everyone else does when something negative happens with BlackBerry... why is it a problem now?

    Posted via CB10
    Because everything else is rumor. This is fact. The only identified buyer for BBRY has offered $9 per share. End of story.

    CNBC still says share holders should be thrilled.
    09-23-13 03:38 PM
  17. mikeo007's Avatar
    Ummm, yes, the stock is worth what the stock is worth, based on how much someone is willing to pay for it which can be influenced by stock "analysts" and news reports.

    Or, did you think the stock market only goes up if the business makes money and only goes down if they are losing money?

    Because, you know, BlackBerry has more revenue and customers now than it did when the stock was $150 per share.
    No, not what i'm saying. But nice try.

    You're implying a direct correlation between Blackberry stock performance and Blackberry's business proper.
    There is a correlation, but you're applying it in the wrong direction.
    Blackberry's performance and how it is perceived by wall street directly impacts their stock price.
    BBRY's stock price does not affect the business side of BB in the same way.

    The stock was issued years ago. Stockholders don't pay dividends to BB, so they're not making more or less money depending on the price of the stock.

    Your original statement implied that they'd rather sell the company for 2.1 billion rather than make a profit off of their current operating business, just so they can be "rid of" the stock market.

    Think about that for a second, it makes no sense.
    richardat likes this.
    09-23-13 03:38 PM
  18. avt123's Avatar
    Actually no, if this goes through, it will guarantee the survival of BlackBerry. Fairfax is an investment firm, they are just there to provide capital to BlackBerry. They will not sell it off in pieces.

    Posted via CB10
    It will no longer be the BlackBerry we know.


    Do you know their exact plans and can you predict the future?
    richardat likes this.
    09-23-13 03:38 PM
  19. m1a1mg's Avatar
    It wasn't for sale until now.
    Who knows, maybe Larry Ellison will decide he DOES want to get into the mobile market.

    Or, if you want conspiracy. The price was going up in March and it took this long to sink it to a point for them to take it private.
    March of 2012 was the first announcement.
    09-23-13 03:39 PM
  20. Wiki Cydia's Avatar
    Because, you know, BlackBerry has more revenue and customers now than it did when the stock was $150 per share.
    Well that's. . . selective. How does the marketshare compare? North America? Globally? How's the year over year growth look? Is their number of subscribers trending up or down?
    09-23-13 03:40 PM
  21. heymaggie's Avatar
    I'm just relieved that I won't have to read any more technical analysis mumbo jumbo on the other thread or, more importantly, hear about the damn short squeeze that everyone has been fixated on for months. People are going to learn some lessons on that thread but not what the ring-leaders had intended.

    I don't think there will be any other bids because Fairfax isn't a large mobile competitor. It's possible that if one of the bigger players made a move for it that another one would make a bid just to keep the patents or customers from being acquired too cheaply. There may be a bidding war for the parts, however.
    mikeo007 likes this.
    09-23-13 03:40 PM
  22. AndreyLepher's Avatar
    i dont see Any reason to Sell of for 4 too with they Have 6 In cash Its Like Chage more from Less NonSense
    09-23-13 03:42 PM
  23. LoganSix's Avatar
    Well that's. . . selective. How does the marketshare compare? North America? Globally? How's the year over year growth look? Is their number of subscribers trending up or down?
    Smart phone market has grown, so percentage of the pie may not be the same size, but the pie has gotten larger.

    But, 77 million users at $18 billion (2012) is higher than 14 million users at $6 billion (2008), no matter how you cut it.
    09-23-13 03:46 PM
  24. mikeo007's Avatar
    Smart phone market has grown, so percentage of the pie may not be the same size, but the pie has gotten larger.

    But, 77 million users at $18 billion (2012) is higher than 14 million users at $6 billion (2008), no matter how you cut it.
    Not if you were making money on those 14 million, but losing it on those 77 million.
    BlackBerry Stock Halted, Fairfax Bid for 4.7 Billion on the table-picard-facepalm.jpg
    Grumblegrumble and richardat like this.
    09-23-13 03:48 PM
  25. Baseball619's Avatar
    I'm glad they were at least bought out by a Canadian company...
    Keep BlackBerry Canadian!
    09-23-13 03:49 PM
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