Tuesday, September 3, 2013

BlackBerry shares rise after sale of Nokia to Microsoft - Info Online

Toronto – Shares of BlackBerry smartphone maker came to rise 3.6% on Tuesday (3), after Microsoft announced its intent to acquire the business of mobile phones from Nokia, reigniting investor optimism that the BlackBerry could also find a buyer.

BlackBerry officially put on 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, which even reached the level of $ 11.01 on Tuesday, were traded on Nasdaq at 16h01 (GMT) at $ 10.23, up 1.09%.

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.”

See also

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  • • 3/9/2013 – Microsoft CEO explains the rationale for buying Nokia
  • • 9/3/2013 – Vehicles Division Nokia phones is the second largest acquisition in Microsoft

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