Potential BlackBerry buyers seen holding off until company’s price hits rock bottom
BlackBerry’s board may be angling to get a sale of the company finished by November but potential buyers might not be willing to pony up cash for it until its price comes down further. Wedge Partners analyst Brian Blair tells AllThingsD that he thinks BlackBerry “is in a hurry because the November and February quarters will likely show meaningful churn, and that will lower the price in a sale.” In other words, interested buyers may only have to wait for an extra quarter or two for BlackBerry to become a lot more affordable and a lot less of a risk. Blair also thinks that the board will have little choice but to break up BlackBerry and sell it for parts because no buyers would want to take on the entire firm. Blair says that there’s likely “some value in the patents, some in the hardware/manufacturing, but I think very little in the newer BlackBerry 10 OS.”
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This article was originally published on BGR.com
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