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2 Things BlackBerry Didn't Say on Friday

It's been a busy week for BlackBerry  (NASDAQ: BBRY  ) , which released preliminary earnings estimates a week ago only to announce a possible $9-per-share buyout deal just days later. The company has now announced its official figures, and investors were relieved that the results weren't at the low end of guidance.

Two important data points remain unknown, though. BlackBerry didn't share any information regarding its current subscriber base, nor did it provide additional breakdowns of its product mix. Investors want to know how many BlackBerry 10 units were sold, but the company cancelled its conference call in wake of the Fairfax offer.

The market is clearly skeptical about the deal, since shares are trading at a substantial discount relative to the offer price. Fairfax can still walk away, or it could fail to secure financing, among other possible risks. Should Prem Watsa stay away from tech?

In today's episode of Tech Teardown, Erin Kennedy discusses BlackBerry's week with Evan Niu, CFA, and Jamal Carnette.

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  • Report this Comment On September 29, 2013, at 1:59 PM, soundblaster16 wrote:

    product mix... number of subscribers...

    blackberry now secures both apple and android

    based smartphones for enterprise customers..

    so, number of subscribers is no longer limited

    to number of person who use blackberry devices -

    which are no longer selling... frankly, Heins and

    Watsa and other do not wish the other shareholders

    to know how well the Enterprise SErvice side of the

    business is doing... Blackberry Inc., is not being

    helped with the sale of this company to Fairfax -

    but ownership of the company is being transferred

    to Fairfax, a minority shareholder, away from other

    shareholders... If you bought a house with 4 others,

    for $100k, and hired a manager named Heins to

    manage the property, and then he sold the house to

    one of the other 4, for $5, and said, here is your

    share, one dollar - how would you feel? What would

    you think? And if the Press, and the Police deserted


  • Report this Comment On September 29, 2013, at 2:07 PM, soundblaster16 wrote:

    They can now set limits to how high a stock

    price will go, stop trading, and then privatize

    a company - like how the federal government

    siezes a person's land to build a highway

    through it, and that person cannot say, No!...

    Remember how manhattan island was bought

    for a chest full of beads? Ever see the movie,

    The Grapes of Wrath, starring Henry Fonda?

    I wonder how Heins and Watsa and others

    can live with themselves, but I guess it is a

    mistake to subscribe feelings to robots, like

    the HKs in T3 (Schwarzenegger).

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