BlackBerry Ltd (NASDAQ:BBRY) is teaming up with Boeing Co (NYSE:BA) on the development of a super secure- Android phone. The phone according to CNBC’s Brian Sullivan will be called Black, designed to take the security aspect of smartphones to another new level and will likely be used by U.S defense and homeland security employees.
“The companies are being very secretive about it, but reports say. It has a solar power charger and biometric sensors, the coolest part apparently is that it will delete all of your user data in case of tempering effectively a self-destructor,” said Mr. Sullivan.
Boeing Co (NYSE:BA) role in the whole project is still unknown although it has over the years teamed up with the defense and security community on a number of projects. The fact that BlackBerry Ltd (NASDAQ:BBRY) is certified for use by the DoD essentially makes it appropriate for such a project. The project is to accord BlackBerry another opportunity of gaining a firm hold of its government base that should provide it with another avenue for sales.
Bloomberg reports that the device will be assembled as a tamper proof gadget sealed with epoxy around its casing to identify any attempted disassembly. Its security level for any data stored in it are poised to be top notch. It is being reported that any attempt to open the casing will trigger functions that will delete any data stored and software contained within the device.
According to the product description; the phone will be fitted with two SIM cards that will allow users to switch with ease between government and commercial networks.
BlackBerry Ltd (NASDAQ:BBRY) continues to receive mixed reactions on its ratings according to Mandy Drury after its earnings report.
“There are some negative comments from analysts at Credit Suisse; they see continued cash burn. They reiterated their underperforming rating with a $6 price target. On the flip side, TD securities upgraded them to a buy with a $13 target,” Mrs. Drury.
TD securities on a research note to investors affirmed that BlackBerry Ltd (NASDAQ:BBRY) was effectively transitioning to a cross-platform software/services company. The firm reiterates that investors should not wait for the device business to generate profit on the ongoing transitioning.
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