Blackberry $BBRY to Thumb Noses at Shorts Once Again on $VMW Purchase

StockTwits traders were buying Blackberry $BBRY this morning on the back of VMWare’s $VMW takever of AirWatch, a provider of mobile device management for enterprise.

Almost a third of Blackberry’s shares outstanding are sold short — that is — being used to bet against the company.

 

adamlundrigan

Jan. 22 at 7:17 AM

…so $VMW paid 1.5B for an MDM business 1/8 the size of $BBRYs? If the same valuation can be applied to $BBRY’s MDM business = $22/sh

 

AirWatch has 10,000 customers, but posted just $125 mln to $150 mln in revenue last year, estimates ISI’s Brian Marshall, leading cashtaggers to the enterprise elephant in the room: Blackberry.

 

olinguito

Jan. 22 at 7:19 AM

$BBRY Airwatch acquisition just another indicator that BlackBerry has been way undervalued


$BBRY is up 33 percent already this year as investors bet new CEO John Chen will sell many of its assets to unlock value. The company decided to sell most if its Canadian real estate this week.

$VMW, one of the biggest cloud plays out there through its groundbreaking virtualization software, also announced it’s fourth-quarter revenue came in better than expected. This and the acquisition had those shares hopping as well.


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