Print 23 comment(s) - last by zephyrprime.. on Mar 13 at 10:13 AM

BlackBerry isn't saying a word about it, but it's shares are rising

Lenovo's slip about possibly buying BlackBerry sent the BB10 maker's shares up 14 percent in New York.

Lenovo CEO Yang Yuanqing told French financial newspaper "Les Echos" that it could eventually buy BlackBerry, but it needs to review such a decision first.

"[The deal] could possibly make sense, but first I need to analyze the market and understand what exactly the importance of this company is," said Yuanqing.

This statement falls in line with what Lenovo CFO Wong Wai Ming said in January, which was that the company was looking at many opportunities -- including BlackBerry.

However, BlackBerry CEO Thorsten Heins hasn't addressed a possible takeover yet.

“As always with these topics, we will talk about things when they are ready to be talked about and ready to be announced,” Heins said in January. “There are other constituents in the process that need to be involved -- if there would be anything.”

BlackBerry shares increased 14 percent to $14.90 at closing in New York after news of Lenovo's interest got out.

BlackBerry, formerly Research in Motion (RIM), has been trying to make a comeback after losing market share to the likes of Apple's iPhone and Android-powered mobile devices. Even government agencies, which traditionally used BlackBerry phones, have started using iOS and Android products.

BlackBerry introduced its latest line of software and devices -- BlackBerry 10 (or BB 10) -- in January of this year. At that time, it revealed the BlackBerry Z10 and the Q10 phones.

The Z10 finally came to the U.S. today as AT&T begins its presale for $199 (with a two-year contract). The phone actually ships March 22.

It remains to be seen whether BB10 will save BlackBerry, but Heins seems optimistic. He was recently quoted saying that Z10 sales in Europe were "encouraging."

Source: Bloomberg

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RE: Lame
By theapparition on 3/12/2013 10:12:45 AM , Rating: 2
I don't know about that.

Right now I'm considering buying stock in White Star Lines. I hear their new ship, the Titanic, is unsinkable.

All jokes aside, I do think Blackberry has some good core tech, but they need to capitalize that rather than try to compete with Apple/Android/Windows now. Their new BB10 phones aren't going to save them.

As for HP and WebOS, that's more a tale of drastic mismanagement, lack of vision and complete misunderstanding of WebOS by HP management. They paid to get the keys to the crystal castle, kept it locked up, fired the staff and watched it crumble into ruin. I'm glad to see WebOS starting to have some life again, but it's over. Google hired many of the WebOS designers and you're seeing a lot of that integrated into Android now.

RE: Lame
By retrospooty on 3/12/2013 10:36:44 AM , Rating: 2
"As for HP and WebOS, that's more a tale of drastic mismanagement, lack of vision and complete misunderstanding of WebOS by HP management."

Exactly... WebOS had TONS of potential and it was a greqat buy for HP. Palms issue was a great OS with no money, or talent to match it on the hardware side. HP buying WebOS and then not putting effort into it then closing it a year later is like if the Chicago Bulls drafted Micheal Jordan, then sat him on the bench for a year or two then traded him off. A total pointless waste of talent and potential.

RE: Lame
By zephyrprime on 3/13/2013 10:13:08 AM , Rating: 2
Blackberry's core tech is useless. Anybody can put outlook compatible secured email on any smartphone nowadays. Why ever bother buying their server? There's no compelling business reason to do so. BB10 is their only hope now.

"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard

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