Plan to fight back against stock decline
Afters reports on Reuters that BlackBerry’s senior executives are thinking about de-listing the company, investors have come forward to say that the numbers would work. There’s also the possibility that de-listing could make it far easier for the business to split itself up. GoMo News has always believed that BlackBerry’s software could be offered completely separately from its own smartphone hardware and therefore become compatible with the likes of Android, Windows Phone and even iOS. In theory the company should announce soon that Android and iOs clients for BBM [BlackBerry Messenger] IM system will become available. (See our previous story here).
On Friday [September 9th 2013], after Reuters reported the possible de-listing, shares in the company jumped nearly 8 per cent on the Nasdaq stock exchange.
BlackBerry is currently worth around $5 billion, but the next day one of its investors – Ross Healy, a portfolio manager with MacNicol & Associates, whose clients own BlackBerry shares, pointed out that the company has more than $3 billion in cash alone.
“My own analysis tells me that the stock is worth an awful lot more than $5 billion,” Healy told Reuters.
Historically, a number of leading companies have been linked to BlackBerry (or Research In Motion as it used to be called).
The list includes Amazon, Microsoft and Nokia who have all allegedly considered buying the company.
Dell reportedly looked at forming a strategic partnership with BlackBerry but GoMo News‘ favourite rumour was that Huawei has considered acquiring the rights to the BlackBerry smartphones.
IBM is also thought to have eyed the software part of the business – something which makes a great deal of sense to GoMo News.
Observers have concentrated on the apparently poor performance of the new BlackBerry Z10 and Q10 BB10 based smartphones.
Yet the company managed to sell some 6.8 million smartphones in the first full quarter that the Z10 was made available.
GoMo News would argue that low prices BlackBerries can still sell well – particularly in Asia.
BlackBerry has also failed to market a properly tablet device which utilises its BB10 system. The PlayBook is still, in effect, simply an adjunct to a BlackBerry smartphone.