This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

BlackBerry Shares Soar Following Privatization Reports

NEW YORK ( TheStreet) -- Blackberry (BBRY - Get Report) is reportedly investigating the possibility of going private.

Blackberry shares jumped more than 6% to $9.80 in trading early Friday.

According to Reuters, Blackberry CEO Thorsten Heins and the company's board are considering going private to help keep the smartphone maker's current problems and possible solutions under wraps.

Blackberry's latest smartphones, the Z10 and Q10, have yet to help the company's bottom line. Actual sales numbers have come in below some analysts' estimates. The Canadian company's shares have fallen nearly 20% so far this year. The company had been valued at $84 billion in 2008. It's current market value is $4.8 billion.

Sources believe that although there has been a recent "change of tone" from the board, no privatization deal is imminent and no type of sales process has officially been launched.

Reuters reported Blackberry has recently had private-equity discussions with Silver Lake Partners concerning enterprise computing. Silver Lake is the company currently involved in the $25 billion bid to help Michael Dell take Dell (DELL - Get Report) private. The private-equity firm could benefit from a Dell/Blackberry mobile computing collaboration. Silver Lake declined a request for comment.

Blackberry is also reportedly considering licensing it's current operating system (BB 10) as well as a number of other possible collaborations. A press spokesperson told TheStreet Friday morning that the company doesn't "comment on rumor or speculation."

On a positive note, the U.S. Department of Defense recently gave Blackberry Z10 and Q10 phones the "Authority to Operate" on official defense department networks -- the first "Mobile Defense Management" provider to receive approval.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Gary Krakow is TheStreet's senior technology correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BBRY $10.96 -0.86%
DELL $0.00 0.00%
AAPL $129.27 0.14%
FB $79.50 -0.32%
GOOG $573.82 0.43%

Markets

DOW 18,191.01 -97.62 -0.53%
S&P 500 2,108.43 -8.96 -0.42%
NASDAQ 4,981.6210 -26.4750 -0.53%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs