Editor’s Note: BlackBerry Ltd (NASDAQ:BBRY)
What will become of Blackberry? (Fox News)
BlackBerry Ltd (NASDAQ:BBRY) is in a sticky mess — and like last summer’s jam, the company may be spoiling. Facing dwindling prospects and unable to right itself, struggling smartphone maker BlackBerry Ltd (NASDAQ:BBRY) said Monday it has formed a committee to explore “strategic alternatives” that may ultimately lead to a sale. Could new phones have fixed things? Could rival software patch the problem? Or is this the end of the line for the once-giant mobile company? “The hardware just isn’t very exciting,” Mark Spoonauer, editor in chief of Laptopmag.com, told FoxNews.com. “And while there’s a rumored big-screen Z30 on the way, it may be too late.”
BlackBerry Z30 makes video debut, complete with AT&T logo (Cnet)
A new video has popped up on the Web showing what appears to be a new BlackBerry Ltd (NASDAQ:BBRY) handset. Vietnam-based site S Forum posted a video and images last Thursday of what the site says is the BlackBerry Z30. The device comes with a large, 5-inch AMOLED display, according to the site, as well as a dual-core processor, an 8-megapixel camera, and 16GB of storage. The handset appears to be the same A10 that has been pictured a few times in the last couple of months. In earlier videos, the A10 boasted the same design and features, which means the devices might be the same product. Whether it’ll be a Z30 or an A10 at launch, however, is unknown.
Blackberry forms committee to explore possible sale (BBC News)
Smartphone maker BlackBerry Ltd (NASDAQ:BBRY) is exploring options for its business, which could see the company sold off. Timothy Dattels, a BlackBerry Ltd (NASDAQ:BBRY) board member, will head a new committee that will consider different business models, including partnerships. It wants to increase sales of its Blackberry 10 model, seen as crucial to the future of the company. “We believe that now is the right time to explore strategic alternatives,” said Mr Dattels. “During the past year, management and the board have been focused on launching the Blackberry 10 platform and BES 10, establishing a strong financial position and evaluating the best approach to delivering long-term value for customers and shareholders.”
Factbox: BlackBerry’s patents, services business may attract interest (Yahoo News)
BlackBerry Ltd said on Monday that it was considering strategic alternatives, including a possible sale.Here is an overview of the assets of the one-time technology giant and some estimates on what they may be worth. SERVICES: BlackBerry’s security-focused services business routes data through a network of servers across the globe, supporting a shrinking subscriber base of some 72 million users. It is arguably the most valuable of BlackBerry’s assets. Analysts estimate that 20 million of the subscribers are enterprise or corporate users – a very attractive and hugely profitable base that may interest the likes of Google Inc and Microsoft Corp, which own and license operating systems to other handset makers. The network could deliver content for a company such as Amazon.com Inc.
BlackBerry: Now’s the ‘right time’ to explore alternatives (CNet)
BlackBerry is paving the way for a major change — perhaps even routing itself toward a sale of the company. The beleaguered smartphone maker said Monday that it has formed a special committee to explore “strategic alternatives” for its itself. The company specifically said that it’s trying to “enhance value and increase scale in order to accelerate BlackBerry 10 deployment.” However, BlackBerry noted in the next breath alternatives could range from joint ventures to partnerships to a sale of its operation to another firm. “During the past year, management and the Board have been focused on launching the BlackBerry 10 platform and BES 10, establishing a strong financial position, and evaluating the best approach to delivering long-term value for customers and shareholders,” said Timothy Dattels, chairman of the special committee, in a statement. “Given the importance and strength of our technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives.”