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blackberry to speed up sales of company
any thoughts on this.
BlackBerry Pushes for Speedy Sale Process - WSJ.com |
Re: blackberry to speed up sales of company
Paywall
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Re: blackberry to speed up sales of company
BlackBerry Ltd., the beleaguered smartphone maker that has put itself up for sale, is aiming to run a fast auction process that could be wrapped up by November, according to people familiar with the matter.
BlackBerry announced in August that it had formed a special committee of board members to "explore strategic alternatives." Since then, the company has held preliminary talks with parties interested in buying part or all of the company, one of the people said. It has narrowed its list of potential bidders to seek out in a sales process expected to begin soon, this person said. It is far from guaranteed any serious bids will materialize or that the company will pull off a sale in that time frame, if at all. But BlackBerry's board is pushing for a quick resolution to the sales process, one of the people said. The push to find a buyer comes after one speculated buyer of BlackBerry, Microsoft Corp., struck a deal Monday to buy the handset unit of Nokia Corp. for $7 billion. The deal could add to pressure on BlackBerry's sales, analysts say. The Microsoft-Nokia deal likely "secures" for Microsoft the No. 3 position in the smartphone market and "further relegates [BlackBerry] to the also-ran bin," MKM Partners analysts said in a note. Fierce competition from bigger, more nimble competitors like Apple Inc. and Samsung Electronics Co. has relentlessly whittled away at BlackBerry's sales. The Waterloo, Ontario, company once controlled more than half of the U.S. market for phones that handle email and Web-browsing, but now has just 3%, according to research firm IDC. Its future prospects were further dimmed when two devices it introduced earlier this year; the all-touch-screen Z10 and a keyboard-equipped Q10;fell short of expectations. The rapid erosion of BlackBerry's business likely helps explain its desire to conclude the sales process quickly, and salvage as much value for the company as possible. Its stock, which once traded above $200, now changes hands at just over $10. The shares rose 43 cents, or 4.2%, to $10.64 in mid-afternoon Nasdaq trading Wednesday, giving the company a market capitalization of about $5.6 billion. What's more, the company's announcement of a strategic review may further dampen its sales, particularly to corporate, or enterprise, customers, analysts say. "Our view is that enterprises will further delay implementations and even die-hard consumers will catch wind that BlackBerry is for sale and not commit to the platform," National Bank analyst Kris Thompson said in a note to clients Wednesday. "The longer the strategic review lasts, the uglier BlackBerry's outlook may look." It is unclear who held the preliminary talks with BlackBerry or its representatives, but private-equity players and possibly some Asian tech companies are expected to at least consider a deal for the company. Any BlackBerry deal will likely include more than one buyer each taking over part of the company, one of the people said. Prem Watsa, a director of the company and the chief executive of its largest shareholder, resigned from the board when the strategic-alternatives announcement was made, citing "potential conflicts that may arise during the process." That was viewed as a signal by investors that he was potentially interested in participating in a bid for the company. Mr. Watsa hasn't respond to requests for comment. Last week, a member of BlackBerry's special board committee, Bert Nordberg, said in an interview that the company should sell off "subsets," without specifying which, and that it could survive as a "niche company." BlackBerry has weighed spinning off its messaging service, The Wall Street Journal reported last week. BlackBerry has hired J.P. Morgan Chase & Co. to run the sales process. |
Re: blackberry to speed up sales of company
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Re: blackberry to speed up sales of company
Paywall means that to read the article you have to have an account with the Wall St. Journal. I do, and I copied the text down. Paywall has nothing to do with the article, or the expedited sales process and other Strategic Alternatives.
Turn out the lights, the party's over.. |
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Re: blackberry to speed up sales of company
Point being? Please enlighten us!
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i don't have any particular enlightenment. i had typed a fairly thoughtful post and then something happened and i lost the text (sigh). i fear we're about to lose (even more than we did with the new ten operating system) blackberry greatness in favor of some purchaser further dumbing it down, borg-like, in favor of less desirable functionalities favored by high school kids. i must type work messagges sometimes going several paragraphs; touch typing wastes my time and won't work for me. blackberry was great; now i have have a titanic-tilting scene in my mind. "party's over" and "ah cra__" pretting much sum up my feelings and thoughts, which i understand might not be right... njblackberry, i should have said before, but am now saying, "thanks" for the many things i've learned reading your posts here. bt
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Re: blackberry to speed up sales of company
Well, even if BlackBerry were to be sold tomorrow, their devices would continue to work so I am not too worried. If, at some point, I would have to choose another platform, still not worried. It's just a phone...there are others.
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Re: blackberry to speed up sales of company
thx. my thoughts are mostly future-focused. respectfully disagree that blackberry is "just a phone." the issues i'm depressed about have little to do with phone calls
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Re: blackberry to speed up sales of company
if you're talking about blackberry, it looks like they did (and may still)
if you're talking about me, shrug. it just means there's no compelling reason to spend significant dollars on a "smart" phone. i read microsoft bought nokia recently. i liked their old "dumb" phones. maybe at&t will offer one later and i'll just absorb the loss of having business quality email commuincations i gladly paid for before |
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This thread is also in the wrong section.
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Re: blackberry to speed up sales of company
I may not agree that BB is just a phone. BBs did the phone as seconadary. now a days also smart phones do the phones secondary. primary is I guess video onthe ytube and couple of chatters and may be one where you can post video of cat playing pocker. is that the only reason makes some phones smartER?
I guess i would be fine with BB for a while ( means 1+ yr) unless I get into peer pressure. |
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well, i for one am glad we got cat-posting on the table
sighful for any purchaser's conclusion that business users are "ok" typing on a touch screeen 10 Companies and Products That Dominated... and Then Didn't CIO.com |
Re: blackberry to speed up sales of company
i thought this was a good article. i'll be stubborn / old-fashioned and continue to crave physical keyboard for a first-class messaging device
BlackBerry Q10: You'll either love it or hate it ( - Consumer Electronics ) |
Re: blackberry to speed up sales of company
follow-up on the cat-posting -- and i'm not trying to go political (promise!) -- I chuckled beginning about 2:19 og 3:45 of this pol satire link
http://m.youtube.com/watch?v=z-sdO6p...%3Dz-sdO6pwVHQ |
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