BlackBerry shares rise after Microsoft deal with Nokia - Administrators

Reuters September 3, 2013

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TORONTO, Sep 3 (Reuters) – Shares of BlackBerry smartphone maker came to rise 3.6 percent on Tuesday, after Microsoft announced its intent to acquire the business of mobile phones from Nokia, rekindling optimism investors that the BlackBerry could also find a buyer.

The BlackBerry officially put up for sale a few weeks ago in the face of weak sales in its new line of smartphones, but some analysts have remained skeptical about the company’s ability to attract interested after your business has shrunk.

Others argue that valuable patents BlackBerry and its well-regarded corporate services business, with a message system with focus on security, could be attractive to rivals or even to private equity firms.

Shares of BlackBerry, we have achieved the level of $ 11.01 on Tuesday, were traded on Nasdaq at 16h01 (time EST) to $ 10.23, up 1.09 percent.
analyst James Cordwell of Atlantic Equities, warned that it is difficult to say whether the operation of Microsoft will lead others to have more or less interest in BlackBerry.

“Nokia was already using the Microsoft Windows platform, then integration is relatively simple,” he said. “Meanwhile, if anyone purchase the BlackBerry, will be doing it over the network infrastructure and patents than the cellphone business, so this would be a transaction with very different reasons.”

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