2 Things BlackBerry Didn't Say on Friday
Sep 28th 2013 9:00PM
Updated Sep 28th 2013 9:02PM
It's been a busy week for BlackBerry , which released preliminary earnings estimates a week ago only to announce a possible $9-per-share buyout deal just days later. The company has now announced its official figures, and investors were relieved that the results weren't at the low end of guidance.
Two important data points remain unknown, though. BlackBerry didn't share any information regarding its current subscriber base, nor did it provide additional breakdowns of its product mix. Investors want to know how many BlackBerry 10 units were sold, but the company cancelled its conference call in wake of the Fairfax offer.
The market is clearly skeptical about the deal, since shares are trading at a substantial discount relative to the offer price. Fairfax can still walk away, or it could fail to secure financing, among other possible risks. Should Prem Watsa stay away from tech?
In today's episode of Tech Teardown, Erin Kennedy discusses BlackBerry's week with Evan Niu, CFA, and Jamal Carnette.
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The article 2 Things BlackBerry Didn't Say on Friday originally appeared on Fool.com.Neither Erin Kennedy, Evan Niu, CFA, nor Jamal Carnette has a position in any stocks mentioned. The Motley Fool recommends Ford and owns shares of Ford and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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