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It's Official: BlackBerry's on the Sales Block

In the quarters since the launch of its next-gen BB10 operating system, it's been clear that things aren't going quite as planned for Canadian smartphone fallen star BlackBerry (NASDAQ: BBRY  ) . The company recently made waves for all the wrong reasons when it announced it was exploring "strategic options," including a possible sale. This isn't the first time we've heard about BlackBerry's exploration of this kind of a move. The company turned heads with a similar announcement last May as well. However, this time, it's seems the company is in effect admitting defeat. In this video, tech and telecom analyst Andrew Tonner breaks down the news and how tech investors should play this major new development.

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  • Report this Comment On August 18, 2013, at 7:49 PM, Shaozhen wrote:

    This is a valuable report based on the limited information we have. I would have to guess Lenovo. This is a Chinese company that has never been swayed by the Chinese government, and has always played the game according the western rules. If there is one foreign buyer the Canadian government should, and may, allow to save Blackberry, it's Lenovo. There have been previous rumours about Lenovo's secret mobile partner, and Blackberry's current subscribership in Asia and Africa also support this theory.

    Everything should be taken with a grain of salt until real news come from the committee. They will remain tight lipped to avoid any insane fluctuations in their stock prices - which is what they're trying to achieve by going private in the first place.

  • Report this Comment On August 18, 2013, at 8:36 PM, Oril wrote:

    That news is more than a week old now. You got any real news?

  • Report this Comment On August 18, 2013, at 8:57 PM, HelpIsHere wrote:

    Tonner is clueless, please stop these dumb videos.

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9/28/2016 4:00 PM
BBRY $8.33 Up +0.45 +5.71%
BlackBerry CAPS Rating: *