BlackBerry considers external sale drives stock price up 10.45%

Tencent Science and Technology (Mingxuan) Beijing time August 13 News, according to foreign media reports, by this year's listing of the BlackBerry 10 product line Market performance of the company as an independent corporate outlook overshadowed the impact of the Canadian smartphone maker BlackBerry is currently considering the sale of the foreign. The news boosted the BlackBerry's share price, which rose 10.45% in conventional trading in the Nasdaq stock market in Monday. The BlackBerry announced in Monday that its board of directors had set up a special committee to consider ways to strengthen the company's value and size, including joint ventures, alliances or external sales. JPMorgan Chase, the investment bank, will serve as financial advisor to the BlackBerry Special Committee. Last year, the BlackBerry hired JPMorgan and Royal Bank of Canada to advise on the company's strategic options. Thorsten Heins, chief executive of BlackBerry, said at the time that Torsten Heins was not the "main direction" he considered. Since then, the prospects for the BlackBerry have deteriorated, and the company's newly-listed BlackBerry 10--is considered key to the BlackBerry Revival strategy – and the market demand has failed to meet expectations. "The BlackBerry is taking the right approach," says Charlie Wolf, an investment bank Needham & Co., Charlie Wolf, an analyst at the New York City. The potential for BlackBerry sales is at least 50%, and other options are unlikely to materialise. "The analyst gave the BlackBerry stock a" sell "rating in investor reports. Members of the BlackBerry Special Committee will include Haines, BlackBerry Board members Timothy Dattels (Timothy dattels), Barbara Stemester (Barbara stymiest), Richard Linch (Richard Lynch) and Burt Nordberg (Bert Nordberg). Plim Votsa Prem Watsa, who is known as "Canada's Warren Buffett," will resign as a BlackBerry director because Fairfax Financial holding is the largest shareholder in the BlackBerry, and Votsa is the chairman and chief executive of the company. "Given the importance of our technology, as well as the evolution and competitive landscape of our industry, we believe it is the right time to explore strategic options," said Dattels, who chairs the board's Special Committee. "BlackBerry investor Blaine Hun Brian Huen that BlackBerry's days as a public company are numbered. "I think the BlackBerry Special Committee will be trying to sell the company or privatize it," he said. "BlackBerry shares rose 1.02 U.S. dollars in Monday, up 10.45% to 10.78 dollars. The company's shares rose 5.7% per cent on the day after Reuters reported that the BlackBerry was likely to be privatized in Friday. Reuters said at the time that Haines and the BlackBerry board had developed a consensus that privatisation would keep them out of the public eye and fix the company's problems. Prior to Friday, BlackBerry shares fell 22% per cent this year. AddMark Wiseman, chief executive of the Grand Pension Scheme Investment Committee (CPP Investment Board), said last week that he would consider investing in the company if the BlackBerry decided to privatize. Linda Sims, spokesman for Canada's Pension Plan Investment Committee, has not commented on the Dar Sims. As of the end of March this year, the Canada Pension Scheme Investment committee holds a 4.6% stake in the BlackBerry. Silver Lake Capital sources said last year that before he became the chief executive of the BlackBerry in January 2012, the BlackBerry had held talks with private-equity firm Silver Lake Capital on privatisation. It is understood that negotiations between the two sides are only at an early stage and failed to agree on potential valuations. Silver Lake has not held talks with the BlackBerry in the past year, sources said last week. Hoon that Votsa resigned as director of the BlackBerry board, meaning the person might sell to save the Canadian technology company. Votsa similar moves are unlikely to cause detailed investigation by Canadian authorities relative to bids from foreign companies. When a company's assets are more than 344 million Canadian dollars (about $344 million), the Canadian government will automatically check all bids from overseas to determine whether the deal is good for the country. Lenovo Group's suspicions about the possible takeover of the BlackBerry have focused on Lenovo. Lenovo, the world's largest PC maker, has sought to expand its mobile-device business. Lenovo's chief financial officer, Wong, said in an interview in January this year that the company was exploring "opportunities", including blackberries. Brian Tingle Brion Tingler, a spokeswoman for Lenovo Group, did not comment on the report in Monday. Analysts Wolf believes he suspects that BlackBerry's strategic acquirers will appear in the technology industry. He said potential buyers will have plenty of time to act, and that the Z10 and Q10 handset sales are making it increasingly unrealistic for the BlackBerry to sell. Wolff also believes Microsoft will not be a buyer of the BlackBerry as a competitor to the smartphone operating system because Microsoft has allied itself with Nokia. "BlackBerry buyers may be from the PC or smartphone industry, but that is not necessarily the case," the analyst said. "Cutting costs as part of a plan to cut 1 billion trillion dollars in operating expenses, the BlackBerry has laid off 5000 people last year." Market analysts had predicted that cutting costs would help the BlackBerry make a profit in the last quarter. But the BlackBerry's net loss in the last quarter reached $84 million trillion, affected by weak sales of Z10. In the last quarter, Z10 sales were nearly 1 million lower than market analysts had expected. BlackBerry expects the company to continue to lose money this quarter. "BlackBerry buyers may come from within the industry, but more likely to come from outside the industry," Wolff said. BlackBerry's network operations center and patent will become the most valuable asset. "Seeking an alliance with Haines last month to reaffirm that BlackBerry seeks partnersWith the expansion of the BlackBerry 10 operating system to help the company to achieve recovery. As a pioneer in the smartphone industry, BlackBerry has been unable to compete with Apple and Samsung Electronics in recent years, leading to less than 3% of the company's market share. Analysts Wolf believes that BlackBerry has a good product line, but the company's latest product is too late to market, resulting in its inability to compete with the iphone and the Google (microblogging) Android operating system products. It also made the BlackBerry's revival plan an uphill battle.