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BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments around the world. The Company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The Cybersecurity segment consists of BlackBerry Spark, BlackBerry SecuSUITE and BlackBerry AtHoc. The IoT business consists of BlackBerry Technology Solutions (BTS) and BlackBerry IVY. The Licensing and Other segment consists primarily of the Company’s patent licensing business. The Company’s core secure software and services offerings are its Cylance cybersecurity and BlackBerry unified endpoint management (UEM) solutions, collectively known as BlackBerry Spark. Its Cylance cybersecurity solutions include CylanceENDPOINT, an integrated endpoint security solution that leverages the Cylance AI model and OneAlert EDR console. The BlackBerry UEM Suite includes the Company’s BlackBerry UEM, BlackBerry Dynamics and BlackBerry Workspaces solutions.


TSX:BB - Post by User

Comment by THRKon Nov 27, 2021 10:37am
252 Views
Post# 34172032

RE:RE:RE:RE:RE:Reminder: FB & BB agreed to details of settlement

RE:RE:RE:RE:RE:Reminder: FB & BB agreed to details of settlementThis is surely a conundrum and for my 2 cents worth, it feels like BB and legal team made a faux pas in announcing the patent sale so closely after settleing the patent infringement suit with FB. On reflection however and if my memory serves me correctly, in between the time that the judge ruled in favour of BB in the case and the time a settlement between the 2 parties was reached outside the courts, BB did sell off a small handful of patents. While observers considered this to be insignificant, it could be that BB and LT was just establishing for the courts and all, their intent to sell off patents. If that is the case then they would have also calculated that FB would have a hissy fit when they discovered BB was in negotiations to sell off a large chunk of their patents and rightfully so me thinks. With that and after destroying a small forest with back and forth legal docs, FB likely refused to consumate the signed agreement without knowledge and detail of the larger patent sale agreement. BB of course could have started a whole new round of litigation to try to force FB to honour their signed agreement...but where is that going to go and how many years does it take. So here we are with those two deals fully entangled and dependent on one another. When and if it all goes through there will be plenty of time for the post mortem. In the meantime I think it's unlikely that any details of the deal with FB or the patent buyer can be revealed from any of the principles without jeopardizing the whole deal and starting over again. You can't unring the bell FB now is fully aware of BB intention to sell off patents and they may be fully within their legal rights to review and amend their settlement with BB upon full disclosure of the patent sale deal. If the parties can agree, good. If not, then likely back to court and a long wait, and in case anyone thinks that would be to FB advantage, I guarantee that both sides lawyers will be reminding them everyday that there is no guarantee on how a judge would rule and lots and lots of risk. For our part....impatience and lots af armchair coaching. No doubt the BB SP is suffering, but I believe the alternative could be worse. Lts hope BB lawyers know what they're doing. I'm betting on the calculated risk theory and that it will settle before we run out of forests. GLTA
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