This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BlackBerry Shares Soar Following Privatization Reports

Stocks in this article: BBRY DELL

NEW YORK ( TheStreet) -- Blackberry (BBRY) 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) 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:

Gary Krakow is TheStreet's senior technology correspondent.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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