Only reason would be as a means to transfer funds from sale of interest in Yahoo Japan to Yahoo and that would be very complicated and probably not worth the money. Pay the taxes, buy back shares, and move on.
Agreed. BBRY's parts are worth more than the whole - today. Just about anyone could join in a consortium to buy BBRY.
So lets begin with a list of companies in the field who would not benefit as much by joining in
MSFT (bought NOK handhelds and are part of Rockstar.
AAPL (part of Rockstar, have own sweet of tech)
LM Ericsson (part of RocKstar)
SONY (part of Rockstar)
add as appropriate......
Could gain by acquisition
Any existing large shareholder of BBRY
Canadian pension funds
Banks of Canada
Google - fend off law suit, use some and sell some tech
FB - but I really don't see the fit except for the patents (perhaps a partner in a consortium)
Yhoo - add to patents and flexibility, various media, trade out in tech swap for tax credits
IBM - build on patent suit (not likely )
CSCO - they do this kind of thing
ORCL - ditto
Lenovo - but probably prohibited from secure systems
Warren Buffet - if no offer sticks, Warren knows value of distressed companies - doubt it comes to this given the above list....
any of a dozen venture capitalists who can buy and chop it up into money making nuggets
add as appropriate
Where did you dream up those numbers.....69.90 closing for QCOM divided by 5 is 13.98 per share for BBRY ....where did you dream up 2543% lol!!!
That would be fine with me but there is no indication that this would be the price or the deal...anyway QCOM looks to be only partnering up not buying everything outright...if they do anything.
Hope they are wrong with their new price target of $6.50 (as of this morning, Nov 1). I just added at 7.75 and might add more at 7.5 if it gets that low......
No, they get to cover at whatever price the shares are being sold at....so most would still make money until this thing rises up to above 8.3 or so.....also, expect any larger holder to manipulate a series of drops in the interim to cover. Only, those who are not programed into the moves will loose. Lots of time between any offer, approval, and closing. However, at this point, it is hard to tell if a solid offer will come in.
If this is designed in a way that assists Alibaba in any way...wouldn't that indirectly benefit Softbank and Yahoo? It appears to be an element of restructuring aimed at required parameters for the Hong Kong exchange.
Watsa may have said bid not LOI but the market does not seem to recognize the difference between a bid and a letter of interest...because the only formal statement of record is a LOI....
having said this, IMO bbry is still a good bet at 7.9
Watsa / Fairfax ... If Fairfax really is buying at 9 and BBRY has been floating at 8 and change for a month....why would they not have been buying on the open market to increase their stake and lower their net cost by about 10%?
If someone else offered more, then they would gain an additional % on such buys up to the new point of sale of BBRY.
But, BBRY sales show no such action and the pps has dropped as the Nov 4 date approaches....one would expect it to be going up if Fairfax is really buying????
Still like the odds at 8 with a 9 dollar offer one trading day away.....but I expect the price to really fluxuate today as positive and negative sentiments swing in and out of play heading into Nov 4.
I expect this to gyroscope through Monday as rumors fly....may drop to 7.6 range or up to 8.3 as people try to figure out if there are any real bids.....no telling how low it will go if the current informal bid falls through and nobody else comes forward....
..my bet is the 9 dollar bid is good and others might come forward....so I am risking some money on Fairfax (and my calculation that cash, buildings, patents can make Fairfax or others some money....but I don't think BBRY will survive as folks knew it).
The published "deadline" is Monday....no firm bid, no alternative bids, Why?
I expect one more attack on share price then some sort of announcement resolving the future of the company and its patents...... Looking to add to by 7.6 shares @ under 8 before a move up to between 9-11. Probably a good risk right now....but too much uncertainty for me.
I loved NUAN intellectual property and potential in voice rode it from 4 to 29 and sold all but 400 shares (should have sold them all, but I made plenty on the company a few years ago)....it has since dropped nearly 50%. I still like the technology but they have not monetized it well for shareholders while Ricci (the CEO) has been cashing out again and again. Also, they kept spending all their money on new companies and never really got financial rewards to shareholders for all their acquisitions. It got to 15-16 four years ago then went to 30 and now is back to the 15-16 range. I thought it would be bought by IBM (it markets their voice products as well) or AAPL (one of many companies who use NUAN tech. IMO if it were not for questionable management I would buy lots of shares of nuan as an acquisition target....but it looks like apple gets the tech anyway so why purchase the company...and without increased earnings.... why buy a falling company?" Too bad the tech is cool. [FYI - NUAN bought about 40 voice companies, is in most medical dictation systems, dragon etc, and has scanning patents.....huge patent portfolio...so yes it is cheep....but unless it gets bought out, I see it going no where.
IMO yahoo could take off on the positive side at any time....just waiting for more details on IPO. Looks like some investors are waiting until they hear the news and others are loading up. I will continue to load up on the lows, but would not be disappointed if YHOO simply takes off and I don't get an more shares.....I consider today's price to be in limbo,,,, for now: just watching, waiting, and holding.
It is possible that Yhoo will sell that share soon but my bet is that it is based on a value of 100B to 110B. This would set a strong base to anchor an IPO with an evaluation over 100B. 80B helps neither party and 120B would be pushing the high end..... if it were 120B the street would get very excited as they like prices to be covered by defined value!!!
yes, check out its quarterly report...but the quarterly payout is not as significant as the increasing value of its stake in Alibaba...which can only really be measured when a monetary exchange for equity takes place....like last year or with the possible IPO. Most investors what to see the cash rather than the equity stake...but Alibaba is growing much faster than YHOO so I am ok with YHOO simply holding Alibaba.