This does not inspire confidence from those who want a quick and orderly buyout of BlackBerry. Reuters is reporting that the guy who runs one of the biggest pension funds in Canada had this to say:
“It’s the most bizarre sales process I’ve seen in a long time,” Alberta Investment Management Corp. Chief Executive Officer Leo de Bever said this week in an interview. “We’re looking at it, but nobody’s come to us with a proposal that makes any sense.”
He’s saying that because he can’t make heads or tails of what’s on the table to give BlackBerry a proper value. That’s not a good sign. Neither is what he says next:
“We were looking at the individual assets because that’s how you understand the whole company,” said de Bever, 65. “But it doesn’t necessarily mean that we want to take a carving knife to BlackBerry. The odds are that’s what’s probably going to happen.”
It doesn’t surprise me that BlackBerry might be hacked and slashed to bits as it might be worth more in pieces rather than as a single unit. But this isn’t helping things either way:
“Usually somebody comes to you and says, ‘This is what we have in mind, we’ve got an operational partner for this, this is how we’re going to deal with this asset and that constraint and this possibility,’” de Bever said. “There’s detailed business plans. Sometimes we initiate it. On this one, it’s a tough nut.”
I’m really not getting good vibes off of this. I wonder if any of the other rumored bidders are as well?
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BlackBerry Sale Called “Bizarre”
This does not inspire confidence from those who want a quick and orderly buyout of BlackBerry. Reuters is reporting that the guy who runs one of the biggest pension funds in Canada had this to say:
“It’s the most bizarre sales process I’ve seen in a long time,” Alberta Investment Management Corp. Chief Executive Officer Leo de Bever said this week in an interview. “We’re looking at it, but nobody’s come to us with a proposal that makes any sense.”
He’s saying that because he can’t make heads or tails of what’s on the table to give BlackBerry a proper value. That’s not a good sign. Neither is what he says next:
“We were looking at the individual assets because that’s how you understand the whole company,” said de Bever, 65. “But it doesn’t necessarily mean that we want to take a carving knife to BlackBerry. The odds are that’s what’s probably going to happen.”
It doesn’t surprise me that BlackBerry might be hacked and slashed to bits as it might be worth more in pieces rather than as a single unit. But this isn’t helping things either way:
“Usually somebody comes to you and says, ‘This is what we have in mind, we’ve got an operational partner for this, this is how we’re going to deal with this asset and that constraint and this possibility,’” de Bever said. “There’s detailed business plans. Sometimes we initiate it. On this one, it’s a tough nut.”
I’m really not getting good vibes off of this. I wonder if any of the other rumored bidders are as well?
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This entry was posted on October 9, 2013 at 11:41 am and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.