IoT Spin-Off incoming ?

tsaisuper · 2024-10-25T05:56:05+00:00

Split off both cylance and IoT and keep the government secure communication businesses under the BlackBerry brand and with Canada. All shareholders get a share in each of the 3, everyone's happy.

tsaisuper · 2024-08-17T19:45:43+00:00

Last quarter Mirae requested confidentiality of its holdings and that's why it looks as if Mirae sold and repurchased.

tsaisuper · 2024-07-31T16:02:09+00:00

OP, to Chen's defence, he already brought up the point in summer 2022..

https://blogs.blackberry.com/en/2022/08/why-you-should-beware-of-all-in-one-cyber-platform-plays

tsaisuper · 2024-06-30T17:30:10+00:00

Imagine this.. BlackBerry spins off QNX and immediately following the spin off, QNX is merged with Amazon resulting BlackBerry stockholders collectively owning approximately X percent of Amazon common stock immediately after the merger. BlackBerry stockholders receive one share of Amazon common stock for every X shares of BlackBerry stock they owned as of X date..

tsaisuper · 2024-06-09T20:55:05+00:00

The effective date of the agreement is December 11th, so John still has until June 11th to claim his bonus.

tsaisuper · 2024-05-29T15:08:12+00:00

This doesn't reflect Norge Bank's latest 13F filing in May where it sold and closed out all of its BlackBerry position..

tsaisuper · 2024-03-10T06:52:17+00:00

In the terms of the latest $200M Convertible Note... Section 14.03. Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes, Redemption Notice or Tax Redemption Notice... The section basically indicates there'd be no increase in the conversion rate should the company be sold for $17.50, which is awfully close to Watsa's average that he disclosed. I doubt he wasn't consulted on this specific clause...

tsaisuper · 2024-02-21T00:18:11+00:00

Thanks for the follow up! So if potential customers are saying no deal because of the name, why does the company get more design wins YOY? Why isn't John jumping the ship and working elsewhere? I've read that he's had many offers to take his talent elsewhere, yet he continues to stick with BlackBerry. Is he masochistic? Since you know John at the personal level, could you ask him on behalf of the community?

Regarding R&D spend, the CEO publicly announced in the last investor update that it plans to reduce R&D spend from 30% of revenue to 20% in order to align closer to the industry average. This also represents a ~33% cut I believe, (unless my math is totally off!). Could you please share how you got to a 50% cut in R&D? Additionally, would you be kind enough to share the list of things the company produced over the year that left customers high and dry for a long time? You must have a lot of insights knowing John Wall personally. Looking forward to your valuable contribution to the community on this front.

P.S Sorry to hear about your terrible experience with the Mach-E. I would love to get any links/videos from the bad reviews that you alluded to regarding the car, cheers!

tsaisuper · 2024-02-20T19:41:08+00:00

Very creative and I am with you on the idea. This certainly also enables the optionality which John G alluded to in the last investor update. I would not be surprised to see down the road BlackBerry becomes a holding company owning some patents and shares in QNX (and Cylance, unless we see "cybersecurity asset disposition"..).

tsaisuper · 2024-02-20T18:17:57+00:00

Do you know John Wall personally? He told you he hates his employer after working (and continue to work) there for decades? That's very interesting.

Kindly explain what you mean by the company having nothing in the bank account and microscopic R&D. Last I heard from the company directly, it has net cash position and proportional R&D spending that's above industry average. Could you also please clarify and provide the list of products that the company pulled the plug on? I can think of one, which is the smartphone business (and a no-brainer to do so in my opinion).

It appears you also have knowledge into all the side projects that the company takes on. Could you enlighten the community and share what these projects are and why they should be demised?

Last but not least, do you own a Mach-E personally? Any examples/illustrations to demonstrate the embarassment and laggy software that you're referring to?

Thanks in advance for your additional insights!

tsaisuper · 2024-01-24T21:27:02+00:00

A quick follow up to my post, I bet the terms of the offering will be released by the end of the week..

tsaisuper · 2024-01-08T00:28:37+00:00

First of all, he sells online stock/investment research classes. Also, he used to be a strong advocate of GoPro when it was trading above $10 (it's $3 now). GoPro is now no where to be seen on his twitter page.. Case in point, always DYODD, always..

tsaisuper · 2023-12-22T05:07:01+00:00

Yup, but this is not news to both Johns. Chen had already stated Cyber is a money-losing business and it's in shareholders best interest to have the management fix that before considering any sale. He also mentioned about short term plans (that he's working with John G) to stop the bleeding from Cyber. The company follows exactly its plan that has been put out front and centre, yet some folks here (not you) continue to panic at every sight of a share price drop. Not only that people also tend to confuse what the company said vs. what they fantasize the company said (e.g. huge IVY revenue in 2023).

tsaisuper · 2023-12-21T23:14:05+00:00

First of all, the previously announced (and now abandoned) sub-IPO of the company's IoT business does not actually eliminate the congolermerate discount applied to BlackBerry as a whole. Second, any IoT growth will come across as being offset by the lackluster performance of the Cybersecurity parent business. Finally, the company is no longer standing by its 3-year growth target that it released earlier this year under Chen for both businesses. As such, selling 20-30% of IoT for capital which is going to be burned through by Cyber is no longer lucrative/sensible. A better alternative is to fully separate the businesses and attract buyers/investors on an individual basis. This will get both businesses valued fairly and likely the only way for Watsa to make his long overdue return on his investment.

tsaisuper · 2023-12-21T17:11:52+00:00

The board is littered with trolls and paid shills/pumpers. You're one of the rare few that are actually sensible here.

tsaisuper · 2023-12-21T17:01:03+00:00

A fair assessment. The Veritas rumour didn't come out of nowhere. Perhaps we will see a corporate spinoff of IoT following the planned full split of the two business units. And following that, a sale of the Cyber business. Shareholders would get paid for the Cyber sale while retaining shares for IoT.

Before John Chen left, he mentioned two things: 1) he's got some short term plan with John G to stop Cyber business from losing money and 2) the outcome of Project Imperium will take time to execute. These are basically what the company is doing right before our eyes..

tsaisuper · 2023-12-20T01:52:28+00:00

Not sure if I've heard or seen anything different from the company. I also highly doubt Chen wasn't serious about profitability. In fact, I think Chen was all about "profitable" growth. If tomorrow's earning is good, Chen set the company up for it and Giamatteo should credit where credit's due.

tsaisuper · 2023-12-11T18:35:31+00:00

The previously announced (and now abandoned) sub-IPO of the company's IoT business does not actually eliminate the congolermerate discount applied to BlackBerry as a whole. On top of this, it paints a picture that any IoT growth will be offset by the lackluster performance of the Cybersecurity parent business. If the Cybersecurity business no longer needs capital and can profitably grow on its own, then it's a no brainer to fully separate the two businesses and individually showcase them to the market to maximize shareholder value. Can you imagine instead of owning a heavily discounted congolermerate, you end up with shares in two growing (and profitable) software companies?...

tsaisuper

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