BlackBerry looks for a buyer

Article Excerpt

BLACKBERRY LTD. $11 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.2 million; Market cap: $5.8 billion; Price-to-sales ratio: 0.5; No dividends paid; TSINetwork Rating: Average; www.blackberry.com) is looking at alternatives for increasing shareholder value. Options the company is examining include the sale of some or all of its operations and joint ventures with other firms. That’s because its new smartphones, powered by its BlackBerry 10 software, continue to face intense competition from Apple’s iPhone and devices running Google’s Android operating system. The company will probably complete this review quickly. If not, the uncertainty may prompt its corporate and government clients to switch to competing wireless email systems. BlackBerry is still a hold. hold…

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