News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
GET RECOGNIZED
Let an ISACA® certification elevate your career.
Register today and save
You are here: Home / Mobile Tech / Tech Titans Mull BlackBerry Purchase
DDoS Protection Powered By Verisign
Cisco, Google, Intel Among Potential BlackBerry Bidders
Cisco, Google, Intel Among Potential BlackBerry Bidders
By Jennifer LeClaire / NewsFactor Network Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
OCTOBER
07
2013


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.

Read more on: BlackBerry, Google, Intel, Cisco
Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN MOBILE TECH
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Dairy Queen is known for its hot fries and sweet treats, but it just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
HP Previews ProLiant Gen9 Data Center Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 
Alert: HP Recalls 5 Million Notebook AC Power Cords
HP is recalling about 5.6 million notebook computer AC power cords in the U.S. and another 446,700 in Canada because of possible overheating, which can pose a fire and burn hazard.
 

Mobile Technology Spotlight
Apple Sets Sept. 9 Event: iPhone 6, iWatch on Tap?
Save the date. Apple formally announced that its long-anticipated “special event," will take place on September 9. Does the tech giant have the iPhone 6, and the iWatch up its sleeve?
 
Samsung's New Smart Watch Makes Calls Without Phone
Following up on the Gear 2, Samsung has unveiled a new 3G smart watch, the Gear S, that stands out in its ability to make phone calls and send text messages without a smartphone.
 
Apple Loses Bid To Block Sales of 9 Samsung Phones
A federal judge has rejected Apple's attempt to block the sale of several older Samsung smartphones that copied features in the iPhone, saying Apple hadn't proven the intellectual theft hurt sales.
 

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.