Fair and transparent: Is the BlackBerry really worth only 2 billion dollars?

Seeing this topic may be a question of whether we have made a mistake, as BlackBerry announced today that it has agreed to be Fairfax by the Canadian insurance Company, Maple Letter Financial Holding Corporation (Financial Holdings), at a price of 4.7 billion dollars. It was 4.7 billion dollars, how did it become 2 billion dollars? The reason is simple, because as of the acquisition, the BlackBerry also has about 2.6 billion dollars in cash and equivalent, so the removal of the more than 2 billion dollars in cash, Maple Letter financial holding Company in fact, only more than 2 billion dollars to the BlackBerry under the quiff. The industry knows the BlackBerry is in a tough spot, and even so, is the BlackBerry really worth 2 billion of dollars? We are reminded of the two previous acquisitions that occurred in the industry with smartphones or similar to blackberries. One is the 2011 Google Premium of 63% of the 12.5 billion dollar mergers and acquisitions Motorola Mobile; Motorola Mobility as a acquirer and Nokia's current strategic position with BlackBerry in the smartphone market are similar. Note that the reason why we call this strategic situation is similar, is that although they have a certain difference in market share, revenue and profit, but in the smartphone market has been marginalized, so we do not need to delve into the three before the merger of market share, revenue, profit difference. If so, why are Motorola Mobile and Nokia bought at a much higher price than the BlackBerry, which is 3 times times more expensive than the BlackBerry, and Motorola moves 6 times times more than the BlackBerry, or is the price of the BlackBerry being bought so low? Even before the removal of Motorola Mobility was a staunch supporter of Google's Android (giving up its own Linux for Android) and Nokia's "gratitude" for Microsoft's reregistering phone's loyalty to the company's near-suicide (which killed Symbian) -style premium factor, by contrast, the BlackBerry's value has been seriously underestimated. But Lenovo's recent sharp cuts in BlackBerry layoffs, writedowns and steep declines in revenues have led to a plunge in BlackBerry's share price as a result of BlackBerry official news we have to wonder if blackberries are deliberately diluting their market capitalisation to allow the company to incorporate BlackBerry at a lower price? There may be questions about why the BlackBerry is doing this. I am afraid that this is the only BlackBerry CEO Tosto Heins (Thorsten Heins) and the founder of Feng Shun financial holding company known as "Canada Buffett" Prem Vatesa (Prem Watsa) clearest. We suspect, however, that Vatesa joined the BlackBerry board in January 2012, when the BlackBerry's two co-founder announced the abandonment of CEO positions and appointed incumbent CEO Tosto Heins (Thorsten Heins) as the new CEO of the BlackBerry, Vatesa himself has long insisted that the BlackBerry's value is actually undervalued. So today Vatesa the mapleLetter to financial holding company 2 billion dollar real pay price mergers and acquisitions BlackBerry according to Vatesa's then undervaluation, is it underestimated or overestimated the BlackBerry? The industry would like to hear Vatesa's statement. Next, what would Vatesa do if Vatesa, the head of Feng Shin Financial holding company, buys the BlackBerry's real approval? Or how to make a profit? As companies that have made their fortune by buying and selling on the brink of bankruptcy, the likelihood of a split sale is enormous, and when it comes to selling separately, we have to look at the division and valuation of the BlackBerry's value by industry analysts. At best one months ago, analysts said BlackBerry services, including the Internet, were worth 4.5 billion of dollars and had a patent value of $3 billion. In addition, BlackBerry has 2.6 billion dollars worth of cash and short-term investment. As a result, the BlackBerry's overall value is about $10 billion trillion, far exceeding the market capitalisation of the 5.4 billion dollar. Of course, this valuation does not include the hardware value of the BlackBerry (considered to be 0). However, from the recent release of BlackBerry revenue composition, services and hardware accounted for 50% of the proportion and can still maintain a 35%-37% gross profit margin, for the BlackBerry hardware value of zero is open to discuss. Then we calculate by half the discount, and the BlackBerry spin-off is worth at least 6 billion dollars. In other words, ideally (sold separately for half the price of a discount), Vatesa, the company's most conservative profit, is at $152 billion trillion, and the most important premise is the real price of the current 2 billion-dollar merger. We encourage the creation of fair competition and the fittest, the BlackBerry has its own complacency and lack of innovation today, but from such a low price of mergers and acquisitions, we do not want to see the BlackBerry's eventual downfall as a result of other unspeakable deals, or a chance for the BlackBerry to eventually lose its rebirth. Of course we just raise our own doubts, not certain. But before Hewlett-Packard's 11 billion dollar acquisition of British data analysis software company Autonomy after the autonomy to obtain high prices and financial fraud scandal has to remind us to face the industry is too large and not in line with market conditions of mergers and acquisitions to raise our doubts.