1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Blackberry Sold for 4.7 Billion

Discussion in 'BBS Hangout' started by AMS, Sep 23, 2013.

Tags:
  1. AMS

    AMS Member

    Joined:
    Oct 8, 2003
    Messages:
    9,646
    Likes Received:
    218
    #1 AMS, Sep 23, 2013
  2. ubigred

    ubigred Member

    Joined:
    Nov 13, 2005
    Messages:
    7,363
    Likes Received:
    127
    WOW.

    Didn't think they would fetch that much.
     
    #2 ubigred, Sep 23, 2013
  3. Another Brother

    Another Brother Member

    Joined:
    Sep 28, 2001
    Messages:
    7,314
    Likes Received:
    881
    The blacker the berry, the lower the stock. :(
     
    #3 Another Brother, Sep 23, 2013
  4. Air Langhi

    Air Langhi Contributing Member

    Joined:
    Aug 26, 2000
    Messages:
    21,946
    Likes Received:
    6,696
    They have 2.8 billion in cash so the purchase price is closer to 2 billion.
     
    #4 Air Langhi, Sep 23, 2013
  5. pacman0590

    pacman0590 Member

    Joined:
    Mar 1, 2008
    Messages:
    865
    Likes Received:
    173
    lol sold their company for less than Apple made this last week..
     
    #5 pacman0590, Sep 23, 2013
  6. pirc1

    pirc1 Member

    Joined:
    Dec 9, 2002
    Messages:
    14,138
    Likes Received:
    1,882
    What are the investors going to do with the company after they bought it?
     
    #6 pirc1, Sep 23, 2013
  7. HR Dept

    HR Dept Member

    Joined:
    May 31, 2012
    Messages:
    6,792
    Likes Received:
    1,223
    Some stakeholder somewhere is on suicide watch...

    <blockquote class="twitter-tweet"><p>At its peak BlackBerry was worth $70 billion RT <a href="https://twitter.com/AP">@AP</a>: BlackBerry agrees to sell to group for $4.7 billion: <a href="http://t.co/Or6oaxzFyt">http://t.co/Or6oaxzFyt</a> -KK&quot;</p>&mdash; J.A. Adande (@jadande) <a href="https://twitter.com/jadande/statuses/382211011559702528">September 23, 2013</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
     
    #7 HR Dept, Sep 23, 2013
  8. AMS

    AMS Member

    Joined:
    Oct 8, 2003
    Messages:
    9,646
    Likes Received:
    218
    Crazy. I had always thought if Nokia could resurrect itself, so could BBM/RIM.


    I've had over 10 different Blackberry devices, they were great once upon a time.
     
    #8 AMS, Sep 23, 2013
  9. bigtexxx

    bigtexxx Member

    Joined:
    Jun 12, 2002
    Messages:
    26,980
    Likes Received:
    2,365
    they got clobbered by innovation

    So what does this leave Canada with? Bieber and anything else?
     
    #9 bigtexxx, Sep 23, 2013
  10. AroundTheWorld

    AroundTheWorld Member

    Joined:
    Feb 3, 2000
    Messages:
    83,288
    Likes Received:
    62,282
    Did you read that the CEO and the other board members bought themselves a new private jet while they were firing thousands of people?
     
    #10 AroundTheWorld, Sep 23, 2013
  11. A_3PO

    A_3PO Member

    Joined:
    Apr 29, 2006
    Messages:
    46,892
    Likes Received:
    12,509
    To the junkyard. They will dismember RIM and sell the pieces.
     
    #11 A_3PO, Sep 23, 2013
  12. ubigred

    ubigred Member

    Joined:
    Nov 13, 2005
    Messages:
    7,363
    Likes Received:
    127
    Blockbuster
    BB

    Lack of innovation, kills all.
     
    #12 ubigred, Sep 23, 2013
  13. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

    Joined:
    Aug 16, 2002
    Messages:
    23,995
    Likes Received:
    11,174
    Something about the deal is odd. I'm sure the top guys are getting a ton of kickbacks for doing it. I mean they guided down on Friday and took like a billion dollar charge on their inventory. Then they announce a deal to a 10% share holder the next trading day. On top of that, the buyer is a relatively conservative insurance company. This deal represents half their market cap. Certainly one of the stranger deals I have ever seen.
     
    #13 robbie380, Sep 23, 2013
    Last edited: Sep 23, 2013
  14. what

    what Member

    Joined:
    Dec 4, 2003
    Messages:
    14,621
    Likes Received:
    2,593
    man I saw this one chick today that was smoking hot, and she had the darkest loveliest skin I've seen in a while. Damn that girl was HAWT!
     
    #14 what, Sep 23, 2013
(You must log in or sign up to post here.)

Share This Page