Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why is David Kirkpatrick Bullish on BlackBerry Ltd (BBRY)?

Though some may disagree, BlackBerry Ltd (NASDAQ:BBRY) still has a fighting chance, David Kirkpatrick said in a discussion on Bloomberg’s In The Loop.

Why exactly does the Techonomy Founder and CEO believe that BlackBerry Ltd (NASDAQ:BBRY) can still make it? It’s a combination of the leadership the Canadian company has and its recent move that inspires confidence in this expert.

BlackBerry, is BBRY a good stock to buy, David Kirkpatrick, bullish,

According to Kirkpatrick, BlackBerry Ltd (NASDAQ:BBRY)’s John Chen is someone “really admires”. He also said that while people may only focus on the mobile hardware side of the business, the company actually has “a great services business which is huge.” Kirkpatrick said that services is a “lucrative” field although it admittedly just isn’t that “sexy” an industry to be in.

This is opposite of what investor Gary Vaynerchuk thinks. In a recent interview, Vaynerchuk said that he expects BlackBerry to go the way of the dinosaurs.

“Their hardware business is increasingly not where they’re putting their emphasis on and that’s still the way we view them historically. By the way, BlackBerry, not only do they have security, not only are they putting out devices that people like now, but they also just kicked Microsoft out of the software for Ford cars,” Kirkpatrick said.

He noted that BlackBerry Ltd (NASDAQ:BBRY)’s QNX, a software platform that’s popular in the embedded systems space such as systems deployed by car makers for their vehicles, is “very successful”.

Ford Motor Company (NYSE:F) recently chose to replace Microsoft Corporation (NASDAQ:MSFT)’s Windows Embedded with QNX for its SYNC in-car system.

Because of the security, services and embedded systems side of the business, Kirkpatrick thinks that “there’s a lot of hidden value in BlackBerry”.

This is in line with observations made by DN Capital’s Peter Misek last month who said that BlackBerry may actually triple software sales next year. Considering these comments, BlackBerry suddenly seems it’s not as useless or hopeless as some may think.

Nelson Obus’ Wynnefield Capital owned 2.07 million BlackBerry Ltd (NASDAQ:BBRY) shares by the end of the third quarter.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!