A Fool Looks Back

BlackBerry (NASDAQ: BBRY  ) reportedly wants to take the easy way out. Shares of the company behind the fading smartphone platform moved higher on Friday after sources told Reuters that BlackBerry's board is weighing the decision to go private.

The allure of attempting a turnaround without having to please the market every three months is a reasonable strategy. There's also value in the different parts of BlackBerry's business, and that kind of carving-out process is less messy if it's done behind the scenes.

Wanting to go private and actually achieving the transaction are two entirely different things. We've seen proposed privatization efforts come undone. Shareholders can object. Financing can be hard to secure.

The bad news is that BlackBerry's going to have to spend money to make money. Its share of the smartphone market is shrinking, and the ballyhooed BlackBerry 10 mobile operating system upgrade wasn't enough to woo potential smartphone buyers. Being public provides easier access to raising capital, and BlackBerry can't afford too many more miscues.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • Priceline.com (NASDAQ: PCLN  ) nearly hit the magical share price of $1,000 after posting another quarter of blowout financial results. Investors should be used to this by now, as the "name your own price" travel portal has beaten Wall Street's profit targets every single quarter since early 2006.
  • Zillow (NASDAQ: Z  ) posted a 69% surge in revenue for its latest quarter, surprising the market with a small adjusted profit. The housing recovery seems to be the real deal, at least if we're going by traffic to the leading residential real estate hub.
  • Universal Display (NASDAQ: OLED  ) was able to shine bright after a strong showing of its own. The OLED technology pioneer saw revenue and earnings climb 65% and 40%, respectively, in its latest quarter. Analysts concerned about slipping orders were willing to settle for far less. It's always nice when you surprise on the upside.

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Read/Post Comments (6) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 10, 2013, at 10:01 AM, Oril wrote:

    Nothing ever seems to make you happy. Hope you get burned badly on your short position. Yesterday was just a taste of what's to come.

    Blackberry will be around for a long long time with or without Wall Street and you fools.

  • Report this Comment On August 10, 2013, at 10:07 AM, Oril wrote:

    It will be funny to watch you fools still bashing Blackberry after it goes private. Your articles will be like a tree falling in the forest. They won't matter.

    Oh wait, they already don't.

  • Report this Comment On August 10, 2013, at 1:04 PM, Rockthebest wrote:

    The fools will always be fools. Just ignore their articles because they are more Or less worthless.

    BlackBerry does not need the States and soon everybody else will not need the States.

    The States is simply over rated.

  • Report this Comment On August 10, 2013, at 2:36 PM, goog2013 wrote:

    bbry trapped longs trying to pump its stock every day.

    shorts get burned? LOL, not sure who really got burned here.

    Another 15M shares covered around $9 in the past 2 weeks, and shorts got burned.

    Great math!

  • Report this Comment On August 10, 2013, at 2:39 PM, goog2013 wrote:

    BBRY does need the states?

    You really think BBRY could profit from Africa?

    BTW, nobody uses bb phone in China either. Do not tell me a phone maker could earn money if it does not exist in the world's two biggest market.

  • Report this Comment On August 10, 2013, at 11:51 PM, Rockthebest wrote:

    @goog2013.

    U r not worthy of my time.

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