backtop


Print 14 comment(s) - last by samuel1c.hande.. on Aug 10 at 4:04 PM


  (Source: GEOFF ROBINS/THE CANADIAN PRESS)
It hasn't been confirmed yet, but Reuters said the company is open to the idea

BlackBerry isn't having the easiest of times, and now rumors are saying that the Canadian company may look to go private. According to Reuters, BlackBerry may consider going private in an attempt to fix its problems outside of the public eye. 

While Reuters did report that BlackBerry is in talks with private equity firm Silver Lake Partners (which is working on the Dell buyout), it mentioned that these talks currently revolve around a partnership in enterprise computing; not a buyout -- yet. 

If BlackBerry doesn't end up going private, Reuters said some of its other options could be looking into other partnerships or even licensing its new BlackBerry 10 (BB10) operating system. 

BlackBerry has had some hard times over the past couple of years, and it's taking a toll on the company's value. BlackBerry's shares have fallen more than 19 percent this year alone, and its market value has dropped to $4.8 billion -- a steep fall from $84 billion at its peak in 2008.

BlackBerry has had a tough time competing with the likes of Apple and Android-powered devices. BlackBerry has even been pushed aside in many corporate and government environments in favor of iOS and Android.

For instance, the Transportation Security Administration (TSA) ditched their BlackBerrys in May 2012 in favor of iPhones while the Immigration and Customs Enforcement followed suit in September. In October, the Defense Department left its BlackBerrys behind and chose to go with Android and Apple devices instead while the National Transportation Safety Board (NTSB) left BlackBerry for a new fleet of iPhone 5s.

BlackBerry launched its new BB10 operating system in January of this year, hoping that the new line of devices with a refreshed OS could help save the ailing company. However, analysts have called the Z10 launch a "disaster" and BlackBerry even fell from third place to fourth in Q1 2013 for smartphone operating system shipments. Microsoft's Windows Phone booted BlackBerry for No. 3. 

In March of this year, BlackBerry's BB10 devices and BlackBerry Balance software were denied by the UK's Communications-Electronics Security Group (CESG). The new line reportedly isn't secure enough for daily government duties.

To make matters worse, BlackBerry posted a surprise $84 million USD ($0.13 per share) loss for Q2 2013. It only sold 2.7 million BB10 devices as well when analysts expected 3.5 million.

Speaking of going private, Dell is currently in the process. Founder Michael Dell, who is being backed by buyout partner Silver Lake Management LLC in this process, was recently told to up his offer from $24.4 billion in order to secure approval from investor-advisory firm Institutional Shareholder Services (ISS).

Sources: Engadget, Reuters



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

REALLY
By Dr of crap on 8/9/2013 10:30:10 AM , Rating: 2
Do they even think they can INCREASE sales???
What is with this company?




RE: REALLY
By retrospooty on 8/9/2013 11:19:29 AM , Rating: 2
What you have is a ship that is too damaged but hasnt sunk yet. If the ex CEO's had acted a few years earlier and executed faster they could have salvaged it, because QNX (Now that BB bought it, its renamed BB-OS10) was a good OS. At this point, they took so damn long after not deciding for too damn long and no-one cares. Anything they do now is just trying to salvage a small piece of business. Even if they had some great new idea for a great product, they execute WAY too slow to do anything worthwhile with it. It's over, nail the coffin.


RE: REALLY
By Dr of crap on 8/9/2013 12:08:34 PM , Rating: 2
But WHO is buying either their phones or their service??? I wouldn't even consider them


RE: REALLY
By Flunk on 8/9/2013 12:23:36 PM , Rating: 5
You need to get out of that mindset, not everyone is you.

For example, if everyone was me Apple would have gone out of business in 1995.


RE: REALLY
By retrospooty on 8/9/2013 6:34:29 PM , Rating: 2
Who are you proposing is buying Blackberry phones? The sales have been abysmal. It dropped year over year even with the OS10 devices that were supposed to save the company.


RE: REALLY
By Flunk on 8/10/2013 8:52:08 AM , Rating: 2
I never said anything about that. Increase reading comprehension please. I was commenting on his logical fallacy.


RE: REALLY
By retrospooty on 8/9/2013 3:33:13 PM , Rating: 2
Certainly not me. Based on the sales of BB10, not alot of anyone.


RE: REALLY
By Samus on 8/9/2013 3:34:27 PM , Rating: 2
Blackberry is a patent warehouse. That's pretty much all they have going for them. Better to sell/privatize now while the patents are still effective.


RE: REALLY
By Makaveli on 8/9/2013 10:49:51 PM , Rating: 2
The firm I work at has over 100 BB10 devices in service at the moment.

And still lots of older berries in service and we allow iphones on mobile iron.

There are more blackberries total in my firm than iphones.

Lawyers that do alot of work tend to use blackberries alteast in canada.

If all you do is social media and play games which is fine then S4 all the way.

At all the offices i've worked at BB's still rule the show the regular consumer market is fickle and will jump on any shiny idevice of 10` phone.


RE: REALLY
By retrospooty on 8/9/2013 11:40:07 PM , Rating: 2
And your in Canada you say? Sorry to break it to you but BB is being outsold on its home turf too, by both iPhone and Android.


RE: REALLY
By brshoemak on 8/9/2013 7:39:46 PM , Rating: 1
Buy the rusted-out ship (RIM) for a low price, then cut it up and sell it as scrap (patents). Incinerate whatever is left.


Yes, because being a public company IS the problem
By DukeN on 8/9/2013 9:47:14 AM , Rating: 2
Going private will magically fix the head-in-the-sand type issues, etc..




By retrospooty on 8/9/2013 10:04:49 AM , Rating: 3
RIMM... "Targeting the wrong goal since 2007"


samuel1c.handel
By samuel1c.handel on 8/10/2013 4:04:34 PM , Rating: 1
as Alan responded I am taken by surprise that someone able to get paid $5045 in 4 weeks on the computer. did you look at this site link www.work25.Com




"The whole principle [of censorship] is wrong. It's like demanding that grown men live on skim milk because the baby can't have steak." -- Robert Heinlein














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki