November 22, 2017

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BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

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Wednesday, August 7, 2013

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Getting the right staff for your business -

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Nigeria, others to re-evaluate Trans-Saharan gas project -

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Tuesday, July 30, 2013

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Monday, July 29, 2013

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Monday, July 29, 2013

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Friday, July 26, 2013

Will this fresh initiative against cyber crime work? -

Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

BlackBerry putting itself up for sale

BlackBerry putting itself up for sale... NAIJA INTEL

Canadian smartphone maker BlackBerry, struggling to compete in a difficult market, has set up a committee to look at options, including joint ventures, partnerships or a sale of the company.

This is the strongest indication yet that the smartphone maker won’t remain independent as competition erodes sales and hammers its stock price.

A special board committee will consider ways to enhance BlackBerry’s value and scale, including joint ventures, partnerships or a sale of the company, according to a statement Monday. JPMorgan Chase & Co. will serve as its financial adviser.

BlackBerry shares gained as much as 9.1 percent in New York.

The announcement builds on a move last year when BlackBerry hired JPMorgan and RBC Capital Markets to advise the company on strategic alternatives. At the time, Chief Executive Officer Thorsten Heins said a sale wasn’t the “main direction” he was considering. Prospects have worsened since then, with the new BlackBerry 10 — the linchpin of a turnaround strategy — meeting scant demand.

“What BlackBerry is doing is the appropriate course of action,” said Charlie Wolf, an analyst with Needham & Co. in New York who has the equivalent of a sell rating on the stock. The likelihood of a sale is at least 50 percent, he said. “The other options are much less likely.”

BlackBerry putting itself up for sale... NAIJA INTEL

BlackBerry putting itself up for sale… NAIJA INTEL

Heins will join fellow board members Timothy Dattels, Barbara Stymiest, Richard Lynch and Bert Nordberg on the new committee. Fairfax Financial CEO Prem Watsa, whose firm is BlackBerry’s largest shareholder, will step down from the board to avoid conflicts that might arise from the discussions.

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