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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

Post by Joey67on Jul 08, 2023 11:33am
117 Views
Post# 35532113

Antonio linares

Antonio linaresRe-listened to Antonio's report on Blackberry.  One point that stuck is that Antonio stated the numbers are anemic and the reason the share price is depressed is because Chen is not growing cyber.  This is exactly true.  This goes to Chen's ability to lead and is the main reason most investors don't believe Chen will deliver with respect to IOT.  Chen has best in class cyber and was in the exact same position as crowdstrike.  Why is it that a few years later crowdstike has ten time both our revenue and market cap.  Simple answer is vision and leadership.  Chen messed up the purchase of cylance.  Instead of allowing the current management team to grow the company while folding it into QNX Chen decided to save a few million dollars in salaries was more important and he fired the management and sales teams at cylance.  Complete mistake as they were growing revenues 30% and had in 2019 150 million revenue per quarter and now we have revenue decline sitting at 93 million...cyber as a stand alone should have a market cap of 50 billion but sadly we are in collapse mode generating little cash.  Therefore as an investor why would I believe that IVY will not have a similar fate.  Chen has had his lunch eaten every single time without fail. Smartphones, BBM, radar, cyber etc....IVY will be no different under Chen.  Chen has sold all the assets.  We have a few patents left.  We used to own buildings, land, messaging and phone patents plus we had no debt and 3 billion in cash.  Now we own nothing and have enough cash to pay our debentures only.  Scary thing is that none of money spent, almost 10 billion was given shareholders.  It has all disappeared with no revenue or cash to show.  
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