BlackBerry shares surge again on news of super encrypted messaging platform

Up by nearly a fifth in just a week

chen- 2 new handsets @ MWC

BlackBerry’s, CEO John Chen, has given the firm’s investors further cheer after revealing its messaging system would be made more bullet-proof for corporate customers. The news, coming in the wake of Facebook’s $19 billion (£11.4 billion) planned purchase of WhatsApp – which alone made analysts reappraise the value of BlackBerry’s messaging system, sent shares in the Toronto phone maker up another 8 per cent at close last night [25th February 2014]. This resulted in an overall 18 per cent leap in the manufacturer’s stock in less than a week. It ended the day at $10.60 on Nasdaq.

Speaking at Mobile World Congress (MWC) in Spain, Chen revealed how BlackBerry would introduce BBM Protected as part of its new enterprise suite for large companies and institutions.

Thus bringing encrypted messaging to customers such as those in financial services, government and healthcare.

The announcement came as BlackBerry unveiled the first smartphone made by its new Taiwanese manufacturing partner Foxconn, the BlackBerry Z3.

Meanwhile, Chen also unveiled a second new phone, the Q20, that will be released before the end of the year, but uses BlackBerry’s traditional physical keyboard rather than a touchscreen.

*Footnote: Apple has faced yet another security scare after details of how flaws in its iPhone software compromised users’ communications. Cyber security specialists, FireEye, published a ‘proof of concept’ surveillance app that would allow attackers to capture every tap on the iPhone’s screen or buttons. Though it’s thought the glitch has been around for a year, Apple it said to have only recently released a security patch to fix it.

About Dave Evans

Dave Evans is a long established commentator on both the IT and cellular industries. His current focus is on share price trends within the sector. You can email him here
This article was published in Apple, BlackBerry, Facebook, Financial, MWC, WhatsApp, mobile news, mobile security and tagged , , , , . Bookmark the permalink.

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