Category: Blackberry

BlackBerry Enters Agreement for $4.7 billion Sale of Company to Consortium led

While people continue struggling to get BBM on Android and iOS, BlackBerry has just announced that it has signed a letter of intent agreement for a sale of the company valued at $4.7 billion to consortium led by Fairfax Financial. The deal is expected to be completed by November 4th and would see BlackBerry go private.

In a statement, Fairfax Chairman and CEO Prem Watsa said:

we believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees,” adding, “we can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”

Barbara Stymiest, Chair of BlackBerry’s Board of Directors, said: “The Special Committee is seeking the best available outcome for the Company’s constituents, including for shareholders. Importantly, the go-shop process provides an opportunity to determine if there are alternatives superior to the present proposal from the Fairfax consortium.”

The letter of intent holds a transaction in which BlackBerry shareholders would receive U.S. $9 in cash for each share of BlackBerry share they hold.

[toggle title=”Press Release”]BlackBerry Enters into Letter of Intent with Consortium led by Fairfax Financial

– BlackBerry shareholders would receive U.S. $9 per share in cash – Transaction valued at approximately U.S. $4.7 billion – Consortium permitted 6 weeks to conduct due diligence – BlackBerry entitled to go-shop during due diligence period, subject to payment of a termination fee in the event alternative offer accepted

WATERLOO, ONTARIO, Sep 23, 2013 (Marketwired via COMTEX) — BlackBerry Limited BBRY -5.67% CA:BB -6.61% today announced it has signed a letter of intent agreement (“LOI”) under which a consortium to be led by Fairfax Financial Holdings Limited (“Fairfax”) has offered to acquire the company subject to due diligence.

The letter of intent contemplates a transaction in which BlackBerry shareholders would receive U.S. $9 in cash for each share of BlackBerry share they hold, in a transaction valued at approximately U.S. $4.7 billion. The consortium would acquire for cash all of the outstanding shares of BlackBerry not held by Fairfax. Fairfax, which owns approximately 10 percent of BlackBerry’s common shares, intends to contribute the shares of BlackBerry it currently holds into the transaction.

The BlackBerry Board of Directors, acting on the recommendation of a special committee of the board of directors (the “Special Committee”), approved the terms of the LOI under which the consortium, which is seeking financing from BofA Merrill Lynch and BMO Capital Markets, would acquire BlackBerry and take the company private subject to a number of conditions, including due diligence, negotiation and execution of a definitive agreement (the “Definitive Agreement”) and customary regulatory approvals.

The Special Committee, chaired by Director Tim Dattels, was formed in August 2013 to review strategic alternatives for the company. J.P. Morgan and Perella Weinberg are acting as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP and Torys LLP are acting as legal advisors.

Diligence is expected to be complete by November 4, 2013 (“Diligence Period”). The parties’ intention is to negotiate and execute a definitive transaction agreement by such date. During such period, BlackBerry is permitted to actively solicit, receive, evaluate and potentially enter into negotiations with parties that offer alternative proposals (“Alternative Transactions”).

If (A) during the Diligence Period (i) BlackBerry enters into any letter of intent or definitive agreement providing for an Alternative Transaction, (ii) BlackBerry ceases to negotiate with the consortium in good faith with a view to entering into the Definitive Agreement by the end of the Diligence Period, or (iii) an Alternative Transaction is publicly proposed or publicly announced and is consummated within 6 months following the end of the Diligence Period, or (B) during the 3 month period following the end of the Diligence Period, BlackBerry enters into any agreement providing for an Alternative Transaction with a person with whom discussions were held before or during the Diligence Period, then BlackBerry shall pay Fairfax a fee of U.S. $0.30 per BlackBerry share, provided, however, that no such fee shall be payable if the consortium shall have reduced the price offered below U.S. $9.00 per share without the approval of the board of directors of BlackBerry. In the event that a definitive agreement is signed with Fairfax the termination fee will increase to U.S. $ 0.50 per share.

Barbara Stymiest, Chair of BlackBerry’s Board of Directors, said: “The Special Committee is seeking the best available outcome for the Company’s constituents, including for shareholders. Importantly, the go-shop process provides an opportunity to determine if there are alternatives superior to the present proposal from the Fairfax consortium.”

Prem Watsa, Chairman and CEO of Fairfax, said: “We believe this transaction will open an exciting new private chapter for BlackBerry, its customers, carriers and employees. We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company with a focus on delivering superior and secure enterprise solutions to BlackBerry customers around the world.”

In addition to the consortium and its lenders being satisfied with all aspects of the due diligence to be carried out by them during the Diligence Period and the negotiation and execution of a binding definitive agreement approved by the board of BlackBerry, completion of the transaction will be subject to other customary conditions, including receipt of required regulatory approvals. There can be no assurance that due diligence will be satisfactory, that financing will be obtained, that a definitive agreement will be entered into or that the transaction will be consummated.

BDT & Company, LLC, BofA Merrill Lynch and BMO Capital Markets are acting as financial advisors, and Shearman & Sterling LLP and McCarthy Tetrault LLP are acting as legal advisors to Fairfax in connection with the transaction.

About BlackBerry

A global leader in wireless innovation, BlackBerry(R) revolutionized the mobile industry when it was introduced in 1999. Today, BlackBerry aims to inspire the success of our millions of customers around the world by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, BlackBerry operates offices in North America, Europe, Asia Pacific and Latin America. BlackBerry is listed on the NASDAQ Stock Market BBRY -5.67% and the Toronto Stock Exchange CA:BB -6.61% . For more information, visit www.blackberry.com.

Forward-looking statements in this news release are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as “plan”, “target”, “will”, “expect”, “anticipate”, “estimate”, “may”, “should”, “intend”, “believe”, and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry Limited in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances. Many factors could cause BlackBerry’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the “Risk Factors” section of BlackBerry’s Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on BlackBerry’s forward-looking statements. BlackBerry has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.[/toggle]

September 24, 2013
BlackBerry : BBM App Won’t Relaunch This Week

BlackBerry has provided an update to the millions of eager BlackBerry Messenger users who are waiting for the app to arrive on both iPhone and Android.

The app was successfully launched on iPhone in several countries on time on Saturday, but the Android version was met with difficulty and never arrived. Many Android users resorted to install leaked and “unreleased, older version” from various file sharing sites that apparently “resulted in volumes of data traffic orders of magnitude higher than normal for each active user and impacted the system in abnormal ways.” BlackBerry then paused the launch on both platforms. The app had been installed over 1.1 million times.

Andrew Bocking, head of BBM at BlackBerry, took to the company blog and informed the masses that “the team is now focused on adjusting the system to completely block this unreleased version of the Android app when we go live with the official BBM for Android app. We are also making sure that the system is reinforced to handle this kind of scenario in the future.”

As for a release of BBM for iPhone and Android? Well, nothing concrete from BlackBerry. Bocking noted that getting BBM to operate as it should is not a “simple task” and “will take some time and I do not anticipate launching this week.”

[Via]

September 24, 2013
Blackberry pauses BBM Android and iOS rollout following Leaked apps

Blackberry has stopped seeding the Blackberry messenger for iOS and Android apps following a leaked Android app that caused server and stability issues with the Blackberry messaging network.There were too many simultaneous users, the company says; with over 1.1 million active clients in the first eight hours of the initial seed.

BlackBerry says that it has tried to address the problems caused by the leaked app throughout the day, but to no avail, requiring it to halt its launch plans. The company says that those that have already downloaded the iOS version of the app will still be able to use it, but it will not be releasing it to any new markets at this time. The leaked version of the Android app will be disabled.

Blackberry now plans a “staggered country roll-out” for Android and will soon restart the rollout for iOS. The company was hesitant in giving a timelinefor this new rollout, only saying

our teams continue to work around the clock to bring BBM to Android and iPhone, but only when it’s ready and we know it will live up to your expectations of BBM.”

The company’s official statement is below:

Prior to launching BBM for Android, an unreleased version of the BBM for Android app was posted online. The interest and enthusiasm we have seen already – more than 1.1 million active users in the first 8 hours without even launching the official Android app – is incredible. Consequently, this unreleased version caused issues, which we have attempted to address throughout the day.

Our teams continue to work around the clock to bring BBM to Android and iPhone, but only when it’s ready and we know it will live up to your expectations of BBM. We are pausing the global roll-out of BBM for Android and iPhone. Customers who have already downloaded BBM for iPhone will be able to continue to use BBM. The unreleased Android app will be disabled, and customers who downloaded it should visit www.BBM.com to register for updates on official BBM for Android availability.

As soon as we are able, we will begin a staggered country roll-out of BBM for Android and continue the roll-out of BBM for iPhone. Please follow @BBM on Twitter for the latest updates and go to www.BBM.com to sign-up for updates about BBM for Android and iPhone. These issues have not impacted BBM service for BlackBerry.

September 22, 2013
BlackBerry BBM For Android, iPhone Released

Most users now will be able to install BlackBerry’s iconic BlackBerry Messenger (BBM) app on their Android devices and iOS devices starting today.

It’s been a long wait for the BlackBerry Messenger service to go cross platform, but after months of anticipation BBM for Android and iPhone apps will go live today.

“BBM for Android will be available at 12 pm on Saturday 21,” an official statement from the company confirmed in the run up to the launch. The BBM Android app will be available as a free download and allow users to chat for free with follow BBM users across all platforms. The first time BBM will have been made available to none BlackBerry handset users, the BBM Android app will precede the BBM iOS app by a matter of hours, with the iPhone bound iteration to be rolled out just after midnight.

It’s features include everything you’ve come to expect from the program: traditional instant messaging, group chat for up to 30 people, and user profiles.

In order to use the app, you will need to signup for a BlackBerry ID, which will only take a few minutes. Signup is done through the app once its installed. For those concerned about privacy, you’ll be happy to hear that BlackBerry will assign you a PIN and you will not need to disclose your phone number or email to anyone in order to begin messaging.

For millions, the app will be a matter of nostalgia. There are a large number of Android and iPhone users who have owned a BlackBerry at one time or another.

If you can’t see the app on your App Stores yet, wait for a few hours!

Note : As many of our followers have notified us, there are a lot of fake apks floating around, so be careful while installing the app. BBM for iOS has already been put up on the Australian App Store, so we expect other stores to follow suit soon!

September 21, 2013
Micromax Press Release Confirms BBM for Android

Micromax today confirmed availability of BBM for Android on its Canvas range of smartphones. The Blackberry Messenger service application is said to come pre-loaded on new Micromax smartphones from the first week of October.

Existing Canvas users will also be able to download the BBM app from the Play Store. Deepak Mehrotra, CEO, Micromax said:

We have built a strong mobile ecosystem for our users, which not only drives them to buy our products, but also builds a connection with the brand by massifying and democratizing technology in India. Bringing one of the most popular mobile messaging services with BBM on our smartphones is yet another effort to expand our bouquet of messaging services for our consumers to connect and communicate seamlessly with their loved ones.”

With the arrival of BBM on android, users will now have access to the BBM mobile social network around the world, including features like BBM chats and multi-person chats with BBM Groups, the press release also mentioned that the customers can connect with up to 30 BBM contacts at a time, along with the ability to share voice notes and photographs.

Sunil Lalvani, Managing Director for India at BlackBerry said:

BBM offers customers a highly engaging mobile messaging experience, with the assurance that your message has been delivered and read, and privacy controls that let you easily connect with people without forcing you to give out your phone number or email address. We are delighted to work with Micromax to bring BBM to their customers directly on Canvas smartphones across India”

As per the press release, BBM for Android will be available for download from the Google Play Store, free of cost.

[toggle title=”Press Release”]
New Delhi, September 19, 2013 – Micromax, India’s leading handset manufacturer, today announced availability of the popular BBM™ application on its Canvas range of smartphones. The popular mobile messaging service application will come pre-loaded on new Micromax smartphones from the first week of October. Existing Canvas users CAN download the BBM for Android™ app from the Google Play Store, adding to the current slew of third party messaging services available on the Micromax smartphones.

Mr. Deepak Mehrotra, CEO, Micromax said, “We have built a strong mobile ecosystem for our users, which not only drives them to buy our products, but also builds a connection with the brand by massifying and democratizing technology in India. Bringing one of the most popular mobile messaging services with BBM on our smartphones is yet another effort to expand our bouquet of messaging services for our consumers to connect and communicate seamlessly with their loved ones.”

“We will continue to drive innovation ensuring that our customers have preferential access to the latest and most exciting applications such as the BBM in the future as well,” concluded Mehrotra.
With the arrival of BBM on the Canvas smartphones, Micromax customers will now have access to the BBM mobile social network around the world, including features such as BBM chats and multi-person chats with BBM Groups, which allow customers to connect with up to 30 BBM contacts at a time, as well as the ability to share voice notes and photographs.

“BBM offers customers a highly engaging mobile messaging experience, with the assurance that your message has been delivered and read, and privacy controls that let you easily connect with people without forcing you to give out your phone number or email address. We are delighted to work with Micromax to bring BBM to their customers directly on Canvas smartphones across India,” said Sunil Lalvani, Managing Director for India at BlackBerry.
BBM for Android will be available for download from the Google Play Store, free of cost.

For more information, please visit www.micromaxinfo.com or www.bbm.com
You can also connect with us at – f – Micromax or @Micromax_Mobile

About Micromax:
Micromax started as an IT software company in the year 2000 working on embedded platforms. In 2008, it entered mobile handset business and by 2010 it became one of the largest Indian domestic mobile handsets company by offering unique affordable innovations. Micromax currently holds 22 percent market share in the Indian smartphone market according to IDC Q2 report. The brand’s product portfolio embraces more than 60 models today, ranging from feature rich, dual – SIM phones, 3G Android smartphones, tablets, LED televisions and data cards. The company has many firsts to its credit when it comes to the mobile handset market including the 30-day battery backup, dual SIM phones, QWERTY keypads, universal remote control mobile phones etc. Micromax has presence in more than 560 districts through 125,000 retail outlets in India. The company has sales presence spread across Bangladesh, Sri Lanka and Nepal.

BlackBerry and related trademarks, names and logos are the property of BlackBerry Limited. BlackBerry is not responsible for any third-party products or services.
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September 19, 2013
BBM For Android Leaks As APK

BBM for Android and iOS are coming soon, but the former suffered a leak this weekend that lets users sideload the APK file and open the app. Unfortunately for most, likely because BlackBerry saw this day coming from a mile away, the actual functionality — logging in with a BlackBerry ID and using the app — is restricted to a small number of whitelisted accounts.

We saw the application leaked on video a couple of weeks back, with one lucky user giving us a nice run through of everything we can expect. It’s full-on Blackberry, with the company’s design time ditching Holo for an experience that matches what you can find on their own devices.

BlackBerry said the service would go live before the end of the summer, following its announcement at BlackBerry World Live 2013 in May.

More recent reports have claimed BBM will launch before the end of September although BlackBerry is remaining very tight-lipped about concrete release dates. Adding fuel to the speculative bonfire that is when-will-BBM-come-to-Android is the news that Samsung Galaxy handsets may get the service first via the company’s Samsung Apps portal.

Statement from BlackBerry:

The excitement around the upcoming launch of BBM for Android and iPhone users is amazing. We want to thank everyone for their enthusiasm, but wanted to let people know that the program is structured so that only those in the beta will be able to use the app. The version we’ve seen on the Web in the last couple of days can be downloaded, but will not work on devices that are not approved in the beta program.

[Via. Via]

September 16, 2013
Report : BlackBerry Might Be Broken Into OS And Patents Divisions

Reuters reports that some potential bidders are looking at breaking BlackBerry apart and keeping only the operating system and the patents around its keyboard.

For several years many investors have been pushing BlackBerry to be split up into several parts: network, device and patents. Unfortunately, something of this nature just might happen.

According to a report in Reuters, several unknown bidders have signed confidentiality agreements and are looking into ways to break the company up into two parts – operating system (BlackBerry 10 and the network assets) and its vast collection of patents, specifically highlighting its keyboard. Possibly vanishing from the plan is its hardware production. However, there is a glimmer of hope as the report states there might be interest from “a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion.”

Reuters notes that “According to analysts, BlackBerry’s assets include a shrinking, yet well-regarded services business that powers its security-focused messaging system, worth $3 billion to $4.5 billion; a collection of patents that could be worth $2 billion to $3 billion; and $3.1 billion in cash and investments. Even at a conservative estimate, that is more than the company’s $5.4 billion market value. Analysts said the smartphones that bear its name have little or no value and it might cost $2 billion to shut the unit that makes them.”

BlackBerry announced in August that it was looking into “strategic alternatives”, including selling itself to help figure out its future. Its market value has fallen to $5.4 billion, from $84 billion at its peak in 2008.

[Via]

September 14, 2013
BBM For iPhone Confirmed By BlackBerry Executive

“The BBM app will be launched for Android and iOS”, we have been hearing this news from a long time. About a month ago BlackBerry was rumored to test the messenger on both Android and iOS platforms. Now, as per a tweet from Alex Kinsella(Senior Strategic Account Manager for BlackBerry), it shows that BBM will launch first on iOS. As the tweet said:

“BBM for iPhone was submitted for review 2 wks ago #waiting”

Earlier in May BlackBerry officialy announced that BBM will be available on Android and iOS, ever since then we have heard rumors of it launching soon. Here is what Mr. Bocking said when he officially announced messengers availability on Android and iOS.

“For BlackBerry, messaging and collaboration are inseparable from the mobile experience, and the time is definitely right for BBM to become a multi-platform mobile service. BBM has always been one of the most engaging services for BlackBerry customers, enabling them to easily connect while maintaining a valued level of personal privacy. We’re excited to offer iOS and Android users the possibility to join the BBM community,” said Andrew Bocking, Executive Vice President, Software Product Management and Ecosystem, at BlackBerry.

The tweet above shows that BBM might be available for iOS anytime, so when you wake up tomorrow do not forget to check your app store. Few years back, BBM was one of the most popular communication means, but today we have others like Whatsapp, hike, we chat and ALOT more. Will the availability of BBM on Android and iOS bring the change back ? We will have to wait and see.

September 7, 2013
BBM for Android gets shown of in a Video

Event though the BBM for iOS and Android has not yet arrived, videos are starting to leak out and that is a good sign. Folks over at BlackberryOS have got hold of a test video of the new BBM for Android and it might just live up to the hype. Apart from the swipe in from the sides to chose chats and setting, the video shows the ability to transfer contacts through NFC, which is good sign that the messaging app will make the most of these the new features that are present in Android Devices.

Let us know below what you think.

September 3, 2013
Single Developer Accounts For A Third Of 120,000 BlackBerry 10 Apps

Earlier this year BlackBerry CEO Thorsten Heins touted a much-improved 120,000 apps in the App World store. What he failed to mention was that one single developer accounts for far more than his fair share.

According to a Berryreview.com report, developer S4bb has an incredible 47,000-plus applications residing within the company’s understocked app portal..

While the quantity of apps in your store is something to brag about, the quality of apps is arguably more important. As AllThingsD reports, S4BB traffics in some pretty weak stuff, software that often fails to meet even the loosest definition of “app.” Among its offerings: Innumerable lock apps, repurposed city guides, audiobooks, and an array of content apps that seem to be built around RSS feeds from the White House, the Environmental Protection Agency, the National Weather Service and the CDC. And then there’s Mega Shaver, Mega Machine Gun and, inevitably, Mega Fart.

According to the company’s site, S4BB develops “applications for the mobile market like ebook readers, ebook readers bundled with ebooks, games, productivity applications, administration tools, wallpapers, videos optimized for mobile devices, mobile VoIP solutions, desktop applications for preparing data for your mobile device, multimedia mobile applications, applications combining famous web services with mobile platforms and even more interesting mobile products.”

BlackBerry has been offering $100 per approved app, while top notch offerings can scoop up to $10,000 for when they’re submitted to the app world. It appears one developer has figured out a way to take advantage that benefits neither BlackBerry, beyond the number boasts, or its users.

BlackBerry has issued a statement on the massive number of apps that one developer, S4BB, has in BlackBerry World. They note that BlackBerry World is an open market and developers do what they need to do to bring in revenue – which is true for any business – and that they’ve also built up the Built for BlackBerry program that makes distinctions between the abundance of apps by highlighting quality apps:

“Developers in all app stores employ a number of different monetization tactics. BlackBerry World is an open market for developers and we let market forces dictate the success or failure of these tactics. Discoverability in overcrowded stores continues to be an issue affecting all developers. This is why we have worked hand in hand with developers on the Built for BlackBerry program to help showcase apps and games that exemplify the power of BlackBerry 10.”

[Via, Via]

August 22, 2013
BlackBerry 9720 Announced, Runs BlackBerry OS 7.1

During the BlackBerry Q1 2014 conference call, BlackBerry CEO, Thorsten Heins let it be known a new BlackBerry 7.1 device would be released soon and after many sneek peeks at it in unofficial capacity, the time has come to make it all official. The BlackBerry 9720 has finally been announced and will be making its way to Asia, EMEA and Latin America in the coming weeks.

As its new BlackBerry 10 operating system struggles to get off the ground, the company is still depending on the old version 7. During its last fiscal quarter BlackBerry shipped 6.8 million smartphones, but only 2.7 million phones running the new OS.

The launch of the BlackBerry 9720, which runs a refreshed version of the BlackBerry 7 OS, may play to the company’s dwindling strength. The smartphone has a re-engineered physical QWERTY keyboard with a dedicated BBM key, a trackpad and a a 2.8-inch touchscreen with 480 x 360 pixel resolution. It has 512MB of RAM.

The BlackBerry 9720 also has a 5-megapixel camera and an FM radio. Connectivity options include HSPA, 802.11n and A-GPS. The phone is packed with a 1450mAH removable battery, which is claimed to offer up to 7 hours of talktime and 18 days of standby time.

On the software side, BlackBerry has focused on social networking features. Users can write a message once and post it simultaneously to their friends on BBM, Twitter and Facebook, for example.

The updated interface also lets users swipe to unlock the phone or access the camera from the lock screen, among other enhancements.

Currently there is no indication of pricing or availability in India, but stay tuned for more information.

[youtube id=”S9eTpojlWF8″ width=”100%” height=”300px”]

August 13, 2013
Blackberry Z30 Leaked In New Hands-On Video

BlackBerry is looking for a buyer for the company, but until then, the company will still needs to make big moves to find buyers for its phones.

A full hands-on video of the as-yet unreleased Blackberry Z30 has appeared on Vietnamese website Cellphone S. The 5-inch screen-toting BlackBerry 10 powered handset looks similar to the likes of the already-on-sale BlackBerry Z10 and Q5. The video footage showcases the BlackBerry Z30 and its AMOLED 1,290 x 720p resolution display with a 295ppi image density.

There are plenty of screens to view as the Vietnamese tester scrolls through the operating system, but you could get the same by looking at one of the current models. The interesting stuff lies in the fact that, if true, the Z30 will very much be a statement phone. Its 5-inch AMOLED display may be rumoured to have only a 720p resolution, but it’s certainly big enough.

Although there’s no official launch date for the BlackBerry Z30 from the Canadian smartphone manufacturer, the fact that the smartphone already has an AT&T logo on the rear from the US network provider could suggest that the 5-inch smartphone will be unveiled imminently.

Other reported specs for the BlackBerry Z30, aka the BlackBerry A10, include an 8-megapixel camera on the back. On the inside, the phone is expected to rock a dual-core Qualcomm Snapdragon S4 Pro processor with 2GB of RAM and 16GB of storage. It’s certainly nothing too surprising and isn’t anything groundbreaking, but we’d say BlackBerry loyalists will get a kick out of the new phone.

[youtube id=”rX62bqi9sWI” width=”100%” height=”300px”]

August 12, 2013
BlackBerry Creates “Special Committee”, Will Consider Sale

Looks like the rumours from last week were true about BlackBerry potentially going up for sale. The company has announced this morning that the Board of Directors have created a ‘Special Committee’ to “explore strategic alternatives” that could include ‘possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions.”

According to the press release the Special Committee will be chaired by Timothy Dattels, plus include Barbara Stymiest, Thorsten Heins, Richard Lynch and Bert Nordberg. Leading the “Exploration of Strategic Alternatives” process will be JP Morgan Securities as its financial advisor, Skadden, Arps, Slate, Meagher & Flom LLP and Torys LLP are serving legal advisors.

Timothy Dattels, Chairman of BlackBerry’s Special Committee of the Board, stated “Given the importance and strength of our technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives.”

This isn’t the first time we’ve heard of BlackBerry investigating its options in an increasingly-competitive smartphone market — in early 2012, the company reportedly hired Goldman Sachs to evaluate its options, and last June the company was reportedly investigating the selloff of its handset business.

Of course, a lot has happened since last year — BlackBerry 10 finally launched in 2013, but so far the new OS hasn’t stopped the bleeding for the formerly-dominant company.

[Via]

August 12, 2013
Report : Blackberry Set To Follow Dell And Go Private

The latest rumour to circle about BlackBerry is not a new smartphone, but that the company is entertaining the idea of going private. Reuters “several sources familiar with the situation” revealed that the board is favouring this route and believe being a private company “would give them breathing room to fix its problems out of the public eye.” The company noted in the report is private equity firm Silver Lake Partners, same company who’s behind Dell’s current private dealings, but they make it clear that “no deal is imminent” and “BlackBerry has not launched any kind of a sale process.”

The message from BlackBerry’s communications department has been pretty consistent regarding its recent quarterly performance, as well as issues like layoffs and executive departures – the company is still in turnaround mode, and needs to make more changes to get the organization ship-shape before it can return to growth. But that’s not a refrain that investors enjoy hearing – especially not when the track’s on repeat.

Ever since Thorsten Heins, BlackBerry’s CEO, took over the reins he stated that the company was not for sale, but could potentially look at licensing BlackBerry 10 to other manufactures. In an interview last year Heins stated “We don’t have the economy of scale to compete against the guys who crank out 60 handsets a year. We have to differentiate and have a focused platform. To deliver BB10 we may need to look at licensing it to someone who can do this at a way better cost proposition than I can do it. There’s different options we could do that we’re currently investigating.”

BlackBerry’s openness to consider a deal marks a radical shift in thinking at the once high-flying smartphone maker. Until recently, BlackBerry, formerly known as Research in Motion and a pioneer in providing secured emails on handheld devices, had been bent on staying independent, betting its turnaround on its latest smartphones.

BlackBerry reported 6.8 million smartphone shipments last quarter and revenues of $3.1 billion, but also recorded an operating loss of $84 million.

[Via]

August 9, 2013
Blackberry Z30 Compared Alongside Z10 And Q5 In New Leaked Images

Blackberry has still not confirmed anything about the rumored Blackberry Z30 but that has not stopped more rumors to pop up online.

CrackBerry has posted new images that show the to be announced BlackBerry Z30 phone pictured alongside the company’s flagship touchscreen smartphone Z10 and the most affordable BlackBerry 10 device, the Q5. The Z30 features the biggest display on a BlackBerry device launched till now.

The image shows three devices Z30, Z10 and Q5 kept alongside. The above image reveals that the smartphone’s screen will display 5 rows of icons and not just 4 much like the BlackBerry Z10. The image(below) of the rear panel of the BlackBerry Z10 and the alleged Z30 show that the latter will feature a textured back.

Z10, Z30-back

Specifications of the Blackberry Z30 can be seen on our previous article

August 7, 2013