"The company isn’t in danger of a sudden financial death: Chen has more than $3B in cash at his disposal and the company burns about $35M of it every quarter. Blackberry’s current stock price says the company is worth about $5B, $2B more than its cash position. Therefore, Chen’s endgame is to sell the company, either whole or, more likely, in parts (IP portfolio, QNX OS…) for more than $2B net of cash.BlackBerry: The Endgame | Monday Note
Wall Street knows this, corporate customers know this, carriers looking at selling Passports and some services know this. And potential body parts buyers know this as well… and wait.
It’s not going to be pretty."
Sunday, September 28, 2014
BlackBerry: The Endgame | Monday Note
Final paragraphs of a Jean-Louis Gassée Blackberry reality check