December 9, 2013 12:15 PM EST Send to a Friend
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Price: $5.75 -2.21%
While Ontario’s Economic Development Minister Eric Hoskins is positive on BlackBerry's prospects, he said the provincial government wouldn't interfere if the company were to be sold in pieces.
Canada's Globe & Mail said today quotes Hoskins as saying, I don’t think we are going to intervene in a business decision taken by the company ... Our preference is for BlackBerry to remain its own entity and to remain in Ontario.
I don’t think anybody is certain in terms of what the future of BlackBerry holds but it still produces, both on the hardware and the software side, products which are appreciated by a great number of individuals and companies ... I wouldn’t write it off yet. It has the technology which is still very much in demand. But it’s a fast moving business and particularly on the consumer side any company needs to be able to innovate quickly to respond to changing consumer needs and what the market place holds. I remain optimistic, Hoskins said.
The federal government would be the one to decide whether a sale of any part of BlackBerry would be best for the country, Hoskins noted.
The company stock is falling below it's projected breakup value
Of course there will be new buyers you dummy!
Commenting, Sterne Agee analyst Arvind Bhatia said the coupon business may have meaningful potential over time, with a total addressable market of $28 billion. If Groupon is able to capture 1%-2% of the market, it would increase Ebitda by over $100 million.
Pros:Benchmark Reviews Golden Tachometer Award Logo (Small)
+ Outstanding 559/534 MBps read/write speed with ATTO
+ Random 4K read/writes produced 88,299 IOPS – best tested!
+ Indilinx Barefoot 3 processor offers native TRIM support
+ Automatic AES-256 data encryption
+ 5-Year OCZ product warranty support
+ Offered in 120/240/480GB storage capacities
+ Lightweight compact storage solution
+ Resistant to extreme shock impact
+ Low power consumption may extend battery life
- Expensive enthusiast-level product
Final Score: 9.0 out of 10.
Excellence Achievement: Benchmark Reviews Golden Tachometer Award.
and that somebody knows something
Are they buying when the stock goes back up? Do they still know something?
. As part of this financing we issued notes that are convertible into 7.7 million shares of common stock at a conversion price of $1.70. We also issued 5.8 million warrants that are convertible into common stock at a strike price of $0.75.
I think the Management is trying to save their jobs and turn the company around
I doubt they are watching the stock price and every tick like we do
OCZ's stock falls to below $0.40 per share, is the end in sight for the storied SSD manufacturer?
By: Charles Gantt | Business, Financial & Legal News | Posted: 18 hours, 5 mins ago
Comment | Print | Email to a Friend | Font Size: AA
Yesterday it appeared that OCZ's stock was in a downward fall that was unstoppable before leveling off near the closing bell at $0.73. Today the stock fell yet another 38-percent to just $0.39 per share at its lowest, and like yesterday it rebounded slightly and closed at $0.44 per share.
As of this posting, OCZ has yet to release an official statement, and this has further led to investor confidence falling. A quick Google search will turn up dozens of industry analyst questioning just how long the company has left before it is forced to fill bankruptcy, and even more complaints on forums across the internet where customers are complaining about failed Vertex SSD drives.
While I am still mystified about the company's lack of response to this crisis, I have developed a new theory on what may be going on. A few weeks back we reported that Toshiba might be looking to buy OCZ outright, but nothing ever materialized from this. I have a very small suspicion that OCZ may be keeping quiet in order to force their price even lower to draw in someone looking to pick them up at what might be a steal. This would wash the company's leaders hands of things and they would get off with a nice payday.
and go up!