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...
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
World Wide Web
24/7/365 Network Uptime
Average Rating:
Rate this article:  
Cisco, Google, Intel Among Potential BlackBerry Bidders
Cisco, Google, Intel Among Potential BlackBerry Bidders

By Jennifer LeClaire
October 7, 2013 9:51AM

    Bookmark and Share
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:





 World Wide Web
1.   Facebook To Force Use of Messenger
2.   OkCupid Experiments with Daters
3.   Zillow Buys Trulia for $3.5 Billion
4.   Competition Spurs Ultra-Fast Internet
5.   Google Buys Streaming Site Twitch


advertisement
Radical.FM's Freemium Biz Model
Online radio startup asks for donations.
Average Rating:
Facebook Social Experiment Irks Us
Secretive test was legal, but ethical?
Average Rating:
OkCupid Experiments with Daters
Unethical without user consent?
Average Rating:


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

Network Security Spotlight
Canadian Government Charges China With Cyberattack
The government of Canada is not happy with China. Canadian officials have accused "a highly sophisticated Chinese state-sponsored actor" of launching a cyberattack on its National Research Council.
 
Researchers Working To Fix Tor Security Exploit
Developers for the Tor privacy browser are scrambling to fix a bug revealed Monday that researchers say could allow hackers, or government surveillance agencies, to track users online.
 
Wall Street Journal Hacked Again
Hacked again. That’s the story at the Wall Street Journal this week as the newspaper reports that the computer systems housing some of its news graphics were breached. Customers not affected -- yet.
 

Enterprise Hardware Spotlight
Apple Updates MacBook Pros, Cuts Prices Up to $100
The popular MacBook Pro laptop line just got an update and a price cut of as much as $100. The MacBook Pro with Retina display now includes faster processors and double the memory.
 
Watson Gets His First Customer Service Gig
Since appearing on Jeopardy, IBM's Watson supercomputer has been making a living using his super-intelligent knowledge base for business verticals. Now, Watson's been hired for his first customer service job.
 
Tablet Giants Apple and Samsung Feel the Heat
When a company saturates its home market with a once-hot product, expect it to pump up efforts elsewhere. Apple, for its part, is now pushing iPads to big corporations and the enterprise market.
 

Mobile Technology Spotlight
Android 'Fake ID' Puts Millions of Users at Risk
Having this fake ID is nothing to brag about, even if you are a minor. The “Fake ID” Android flaw drops malware into smartphone apps. It can steal credit card data and even take over your device.
 
FTC Wants Fix for 'Perfect Scam' of Mobile Cramming
The U.S. Federal Trade Commission has issued new guidelines to curb “mobile cramming,” a troublesome practice that adds unauthorized third-party charges to mobile phone bills.
 
Facebook: You Will Use Messenger, and You Will Like It
Starting this week, Facebook users with Android and iOS phones will be forced to use the separate Messenger app to send Facebook messages. Pending messages will still be visible in the main app.
 

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.