Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Mobile Tech
Is your endpoint data protected?
Average Rating:
Rate this article:  
Cisco, Google, Intel Among Potential BlackBerry Bidders

Cisco, Google, Intel Among Potential BlackBerry Bidders
By Jennifer LeClaire

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

BlackBerry is sinking quickly. Revenue for the second quarter of fiscal 2014 was about $1.6 billion, down 49 percent from $3.1 billion in the previous quarter and down 45 percent from $2.9 billion in the same quarter of fiscal 2013. The revenue breakdown for the quarter was about 49 percent for hardware, 46 percent for service and 5 percent for software and other revenue.
 

Related Topics

BlackBerry
Google
Intel
Cisco


BlackBerry is up for grabs and the troubled Canadian handset maker is seeing interest from across the tech sector. The company is in talks with the likes of Cisco Systems, Google, SAP, Intel, LG and Samsung are selling itself -- or parts of itself.

At least that’s what Reuters is reporting in an “exclusive” that cites “several sources close to the matter.” BlackBerry could not immediately be reached for comment.

The news comes after the company’s largest shareholder, Fairfax Financial Holdings, announced a $4.7 million deal to take the company private. That bid was criticized by some because financing wasn’t announced as part of the deal.

Fairfax Primed the Pump

None of the potential bidders were immediately available for comment and several declined to comment to Reuters. The report didn’t clarify which of the tech giants may actually bid on BlackBerry or what parts of the company they are eyeing.

We caught up with Avi Greengart, a principal analyst at Current Analysis, to get his take on the flood of interest. He told us that it appears the announcement of the Fairfax bid was the right move.

“The bottom line is that the deal that Blackberry struck with Fairfax Financial holdings was a placeholder. It was clearly designed to try to put a floor under the stock. Fairfax did not even line up financing when it made its deal, which is conditional on all kinds of factors. It can basically back out with no penalty,” Greengart said.

“The hope is that BlackBerry will generate interest from other companies. The question is do others find enough value in the various pieces of BlackBerry or in the whole to justify a higher bid than $4.7 billion less the $2.6 billion in cash that BlackBerry has on its books?”

Picking BlackBerry Apart

BlackBerry got what it hoped for, at least in part. The stock has stopped its nose dive and the potential value of the company is being explored.

Greengart said there is value in the Intellectual Property, the cash horde, and potentially even in the devices. He also pointed to the service software, network operating centers and BBM as possible attractions.

“Because BlackBerry at this point is open to anything, some of these bidders may be just looking for different pieces of the company rather than buying the whole thing upright,” Greengart said. “But that alone could lend some fortitude to someone else making a bid.”

BlackBerry is sinking quickly. Revenue for the second quarter of fiscal 2014 was about $1.6 billion, down 49 percent from $3.1 billion in the previous quarter and down 45 percent from $2.9 billion in the same quarter of fiscal 2013. The revenue breakdown for the quarter was about 49 percent for hardware, 46 percent for service and 5 percent for software and other revenue.

During the second quarter the company recognized hardware revenue on approximately 3.7 million BlackBerry smartphones. Most of the units were BlackBerry 7 devices, in part because certain BlackBerry 10 devices that were shipped in the second quarter of fiscal 2014 will not be recognized until those devices are sold through to end customers. During the quarter, approximately 5.9 million BlackBerry smartphones were sold through to end customers.
 

Tell Us What You Think
Comment:

Name:



IT departments are embracing cloud backup, but there's a lot you need to know before choosing a service provider. Learn all the critical things you need to know by accessing the white paper, "5 Things You Didn't Know About Cloud Backup". Access the White Paper now.


 Mobile Tech
1.   Glass Adds Voice Access to Contacts
2.   Samsung, B&N Partner on Nook Tablet
3.   Acer Desktop Box Rides Chrome Wave
4.   Apple Stock Soars Ahead of iPhone 6
5.   HTC One M8 Windows Phone Unveiled


advertisement
HTC One M8 Windows Phone Unveiled
Can be POS device for small business.
Average Rating:
Android 'Fake ID' Puts Millions at Risk
Users: stick to apps from Google Play.
Average Rating:
Researchers Tout Battery Breakthrough
Lithium anode could triple capacity.
Average Rating:


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
UPS Stores in 24 States Hit by Data Breach
Big Brown has been breached. UPS said that about 105,000 customer transactions at 51 of its UPS Store locations in 24 states could have been compromised between January and August.
 
Cost of Target Data Breach: $148 Million Plus Loss of Trust
The now infamous Target data breach is still costing the company -- and its shareholders -- plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 

Enterprise Hardware Spotlight
Acer's New Desktop Box Rides the Chrome OS Wave
Filling out its Chrome OS line, Acer is following the introduction of a larger Chromebook line earlier this month with a new tiny $180 desktop Chromebox and also a smaller Chromebook.
 
Three New Lenovo PCs Aimed at Business Users
Businesses everywhere want computing solutions that do more for less money, and Lenovo has unveiled three new desktop PCs that offer solid computing at a budget-minded price.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 

Mobile Technology Spotlight
Google Glass Adds Voice Access to Phone Contacts
The latest update to Google Glass will let users access their top 20 phone contacts with voice commands alone. A user can then choose a phone call, Google hangouts, e-mail or text messaging.
 
Samsung, B&N Target Amazon with Nook Tablet
They've seen the enemy and it is Amazon. So Samsung and Barnes & Noble are teaming up to combat their common foe with a 7-inch tablet that blends Samsung’s tech, Nook’s content and e-reader platform.
 
Acer's New Desktop Box Rides the Chrome OS Wave
Filling out its Chrome OS line, Acer is following the introduction of a larger Chromebook line earlier this month with a new tiny $180 desktop Chromebox and also a smaller Chromebook.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.