blackberry ltd (BBRY) Key Developments
Samsung Electronics Reportedly Still Eyeing BlackBerry
Jan 21 15
Samsung Electronics Co. Ltd. (KOSE:A005930) is planning to sell stake in BlackBerry Limited (TSX:BB). Financial Post learnt that Samsung is actively pursuing a plan to take over a significant stake in BlackBerry, despite statements from both companies this week denying that such a plan may be in the works. Financial Post quoted a document prepared for Samsung by Evercore Partners, outlines the case for, and the potential structure of a possible purchase of BlackBerry. Source stated, “I can tell you Samsung is contemplating a purchase. It's still being pursued right now. Samsung is still evaluating their options. So it's still very much an open deal.” The report added that BlackBerry and Samsung both declined to comment. On January 14, 2015, Reuters reported that Samsung and BlackBerry were in talks regarding a $7.5 billion takeover offer. As a result of the buss, BlackBerry shares rose 30% to close at $12.6 on the NASDAQ. Later, BlackBerry denied the report saying, “BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry.” Chief executives from both companies have also denied the report. The Evercore Partners document identifies BlackBerry's suite of software products as appearing ‘complementary to Samsung's service platform,’ and points to the advantages that BlackBerry's products and services, including its BES12 servers, could provide Samsung in better penetrating the enterprise market.
BlackBerry Limited Launches New IoTPlatform
Jan 19 15
BlackBerry Limited has launched its internet of things, or IoT, platform. The BlackBerry IoT Platform combines technology from QNX Software Systems, a BlackBerry company whose software powers mission-critical embedded systems in cars, industrial applications, and medical devices, with BlackBerry's secure network infrastructure and device lifecycle management software. Looking ahead, it will extend the platform with other BlackBerry technologies to give developers additional control over the flow of information to devices on the network's edge. An efficient, scalable messaging system forms the foundation of the BlackBerry IoT Platform and is responsible for its highly responsive performance. The system serves as the message bus for additional platform modules by delivering reusable services including: BlackBerry's gold standard security; instantaneous data indexing and storage for reliable real-time intelligence; integrated analytics for data visualization; and fine-grained permissions that enable every action, message and data object to be validated. The BlackBerry IoT modules provide rich functionality for data collection, including time-of-service and maintenance records, and device lifecycle management. The lifecycle management module comprises three main elements - over the air (OTA) software update, application enablement and log collection - designed to accelerate device deployment and extend the longevity of in-field devices. By leveraging the platform foundation and using these pre-built modules only as needed, an organization can efficiently create a customized IoT solution. The BlackBerry IoT Platform is initially targeted at industries that manage highly mobile, high-value resources, including the shipping and automotive markets. The platform's asset tracking and connected car applications targeting those markets are just the first step in BlackBerry's broad and expanding IoT strategy. The BlackBerry IoT platform will also be extended into the smart energy sector and the healthcare field.
Samsung Denies Acquisition Rumors
Jan 19 15
Samsung Electronics Co. Ltd. (KOSE:A005930) co-Chief Executive Officer says the company wants to develop its partnership with BlackBerry Limited (TSX:BB), but has no intention of acquiring the Canadian handset maker. "We want to work with BlackBerry and develop this partnership, not acquire the company," said J.K. Shin, who heads Samsung's mobile-phone business, said in a statement to The Wall Street Journal. Samsung is separately in talks with BlackBerry to extend the scope of its cooperation, including the potential use of BlackBerry technology in Samsung devices, the company said. It didn’t elaborate on the potential extension of its agreement.
BlackBerry Denies Report Regarding Potential Takeover Talks
Jan 14 15
BlackBerry Limited (TSX:BB) denied reports about plans to acquire a Canadian company. The company refuted the report that stated the company being in talks with Samsung Electronics Co. Ltd. (KOSE:A005930) over a possible takeover of the company. BlackBerry added, “BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry.” Reuters reported citing a person seeking anonymity as saying that executives met last week to discuss a potential deal. Samsung reportedly offered to buy BlackBerry for $13.35 to $15.49 per share, valuing the company at as much as $7.5 billion. Share price of BlackBerry jumped nearly 30% or $2.89 on January 14, 2015 to close at $12.6 but slid 14% in after-hours trading following BlackBerry's statement. According to the news report, asking if the Canadian government has been approached about the deal, Jessica Fletcher, a spokeswoman for Canadian Industry Minister James Moore, said, “We don't comment on rumors and speculation.”
Blackberry Limited Announces the Launch of Next Generation of NantHealth HBox
Jan 7 15
BlackBerry Limited announced the launch of the next generation of the NantHealth HBox, a portable medical device that captures and transmits secure medical data between the patient, doctor and hospital. To power the new mobile HBox, NantHealth selected technology from QNX Software Systems Limited. The HBox serves as a hub of all medical data related to a patient, and provides easy access to medical records by transmitting information to and from the patient, doctor and point of care. The mobile medical device, powered by the QNX® Neutrino® Operating System (OS), is able to communicate with all legacy computers and devices in healthcare institutions. Currently, HBox collects three billion vital signs annually and transmits that data to thousands of medical devices and 250 hospitals throughout the U.S. The QNX enabled HBox will be compatible with BlackBerry's BES enterprise mobility management platform in the coming months. HBox, once integrated with BES, will be fully encrypted to allow deployment in a HIPAA- secured environment, enabling clinicians and patients to securely access and receive medical information as soon as it is available, wherever they are.