John Sculley, the former CEO of Apple known for clashing with co-founder and Steve Jobs, is considering a bid for BlackBerry. The report cites anonymous sources.
The report says Sculley declined comment, but said: "I've been a long-time BlackBerry fan and user."
Sculley's potential interest is the latest in the ongoing saga over BlackBerry's future. After its lineup of BlackBerry 10 devices failed to woo consumers, the company revealed it was exploring "strategic alternatives," including a sale.
For almost a decade, the Chinese hacked Nortel,
gaining access to nearly everything on its internal networks. As John Tkacik, a retired chief of China intelligence analysis at the State Department, told Forbes at the end of last week, “Not surprisingly, throughout the 2000s, as Nortel’s networks were wholly accessible to Chinese hackers, the Canadian company found itself underbid by the Chinese in the Chinese market and by Chinese competitors in its traditional global markets.” As a result, Nortel declared bankruptcy in 2009. The company was then split up and the parts sold off.
So why is Lenovo attempting an almost-impossible bid? The only conclusion that makes sense is that the Chinese government wants an excuse to go through BlackBerry’s books so that it can learn as much about the company as it did about Nortel. And undoubtedly for the same reason.
So expect Chinese companies—Lenovo and perhaps Huawei and ZTE—to underbid BlackBerry time and time again after Lenovo rummages through its books.
We already know the future of BlackBerry after the Chinese descend on Waterloo—it will be the same as Nortel’s.
In a recently published article, Geoff Foster wrote that, "Billionaire US investor and corporate raider Carl Icahn recently increased his stake in Chesapeake Energy to 10%. Dealers on both sides of the Atlantic are convinced that the man who began his career as a Wall Street stockbroker in 1961 is confident that the second largest natural gas producer in the US, which is heavily into fracking, will soon attract a foreign cash bid in the region of $40 a share. A number of dealers heard that both BP and Royal Dutch Shell could be running the slide-rule over the Oklahoma-based company whose shares yesterday touched a 52-week peak of $27.67".
Although I strongly believe that a potential takeover could occur in the next 18-36 months, I'd personally like to a see a much higher bid than the proposed target of $40/share. For example, a bid that would fall in the range of $45.94/share to $53.59/share would subsequently value the company's market cap between $30 and $35 billion. This would clearly be much more attractive than the $26.12 billion the company is valued at when you consider the hypothetical bid of $40/share. Any continued discussion about a potential takeover should shed shares higher in the near-term, but if such rumors were simply untrue shares could be headed down a fairly unfavorable path.
Buy your Z10 & Q10 online direct from BBRY ! UNBLOCKED
The price of more than 140 Democratic mouse pads is listed as “???” in court records, while 10 unsold copies of the book “Adams’ Alligator” go for $8.48.
EXCLUSIVE: Just 51,000 people completed Obamacare applications during the website's first week, out of tens of millions of Americans in 36 states
DemoRAT Senate and NObama are shutting down the US Government, 1/3 Senate, 1/3 Pres, 1/3 House.
Facts are hard to swallow.
BlackBerry (BBRY) is in talks with Cisco Systems (CSCO), Google (GOOG) and SAP (SAP) about selling them all or parts of itself, says Reuters, citing several sources close to the matter. A prospective deal with these companies would be an alternative to the preliminary deal reached weeks ago with a group, led by BlackBerry's shareholder, Fairfax Financial Holdings, added Reuters. Other companies interested in BlackBerry include Intel (INTC), LG and Samsung (SSNLF).
Do you think he was looking after himself $55MM or the shareholders ?
It is certainly a criminal act and he should be prosecuted.
Where are the regulators, maybe the SEC will have a look.
Google Inc. is giving Kitchener-Waterloo a morale boost as the region’s largest technology company struggles to survive.
The search giant will invest an undisclosed amount of money in Communitech, a regional economic development initiative that works closely with 650 technology startups to help them build their ideas into viable companies by providing them with space, funding and support.
Waterloo is clearly a place where real innovation is happening, and the numbers speak for themselves,” said John Lyman, head of partnerships for Google for Entrepreneurs. Almost 1,000 tech companies in the region, $200-million in invested venture capital in the last year, and $500-million in technology company acquisitions during that same time-frame. Google even recently acquired a company that was incubated in Communitech