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   Technology StocksBB: BlackBerry (fka RIMM: Research in Motion)


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To: kidl who wrote (1160)6/23/2017 7:28:17 AM
From: kidl
   of 1204
 
BlackBerry to buy back up to 31 million shares

BlackBerry Ltd (C:BB)
Shares Issued 531,475,629
Last Close 6/22/2017 $14.66
Friday June 23 2017 - News Release

Mr. John Chen reports

BLACKBERRY ANNOUNCES COMMON SHARE PURCHASE PROGRAM

BlackBerry Ltd. has received acceptance from the Toronto Stock Exchange with respect to a normal course issuer bid to purchase for cancellation up to 31 million BlackBerry common shares, representing approximately 6.4 per cent of the outstanding public float as at May 31, 2017. BlackBerry can purchase the common shares pursuant to the NCIB through the facilities of the TSX, over the Nasdaq Stock Market or through alternative trading systems. Any BlackBerry common shares purchased through the NCIB will be cancelled.

As of May 31, 2017, BlackBerry had 531,475,629 common shares outstanding and the public float was 481,212,321 common shares, and the average daily trading volume on the TSX for the six months prior to June 1, 2017, was 1,378,965. Daily purchases through the facilities of the TSX will be limited to 344,741 common shares, other than block purchases. BlackBerry has entered into an automatic repurchase plan dated as of June 22, 2017, with TD Securities Inc. to allow for the repurchase of common shares at times when BlackBerry ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Purchases under the NCIB may commence on June 27, 2017, and will terminate on June 26, 2018, or on such earlier date as BlackBerry has repurchased the maximum number of common shares permitted under the NCIB.

In the past 12 months, BlackBerry repurchased for cancellation $5,036,000 (U.S.) principal amount of its then-outstanding 6 per cent unsecured convertible debentures at a weighted average price of $105.26 (U.S.) per $100 (U.S.) principal amount of 6 per cent debentures. In September, 2016, BlackBerry redeemed all of the remaining 6 per cent debentures and completed a private placement of new 3.75 per cent unsecured convertible debentures.

On June 21, 2017, the shareholders of BlackBerry approved an increase in the number of shares available under BlackBerry's equity incentive plan. "The purpose of this repurchase program is to offset a portion of the expected dilution from our equity incentive plan and from conversion of our 3.75 per cent debentures," said BlackBerry executive chairman and chief executive officer John Chen. "We intend to take advantage of our strong cash position to purchase our shares when the market price does not reflect what we view to be the underlying value and future prospects of our business, without adversely affecting our strategic initiatives."

The price that BlackBerry will pay for any shares under the share repurchase program will be the prevailing market price at the time of purchase. The share repurchase program will be effected in accordance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934 and the TSX's normal course issuer bid rules, which contain restrictions on the number of shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the average daily trading volumes of BlackBerry's shares on the applicable exchange. In addition, subject to TSX approval, BlackBerry may enter into forward purchase or swap contracts in connection with common shares which may be settled by physical settlement, cash settlement or a combination thereof. The forward price will be based on market price, dividend yield and market interest rates.

The actual number of shares to be purchased, and the timing and pricing of any purchases, under the share repurchase program will depend on future market conditions and upon potential alternative uses for cash resources. There is no assurance that any shares will be purchased under the share repurchase program and BlackBerry may elect to modify, suspend or discontinue the program at any time without prior notice.

The TSX has not reviewed nor does it accept responsibility for the adequacy or accuracy of this news release.

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To: kidl who wrote (1161)6/24/2017 2:30:26 AM
From: Sultan
   of 1204
 
Why BlackBerry's Earnings Weren't as Rough as They Looked

thestreet.com

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From: Sultan6/26/2017 3:38:11 PM
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This is an old article but since the bet here is on the CEO, worth a look..

Sybase CEO John Chen: Tale of a Turnaround

itworld.com

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From: Sultan6/26/2017 3:41:18 PM
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TD Securities Raises BlackBerry Limited (BBRY) Price Target to $11.50

americanbankingnews.com

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From: Sultan6/27/2017 1:52:21 PM
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Keep Your Calls and Texts Safe from SS7 and Other Surveillance Tactics with BlackBerry SecuSUITE
blogs.blackberry.com

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From: Sultan6/27/2017 4:59:22 PM
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BlackBerry seeks sales force to match software focus

reuters.com

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From: Sultan6/28/2017 1:05:26 PM
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From: Sultan7/6/2017 3:28:33 PM
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global.blackberry.com

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From: Sultan7/7/2017 9:47:37 PM
   of 1204
 
Top 8 things to love about the BlackBerry KEYone

The BlackBerry KEYone is a workhorse, and it's proving more popular than even we thought it would be. Here's why.


androidcentral.com

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From: kidl7/20/2017 8:15:49 AM
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BlackBerry provides SecuSuite to Cdn, U.S. government

BlackBerry Ltd (C:BB)
Shares Issued 531,742,754
Last Close 7/19/2017 $12.78
Thursday July 20 2017 - News Release

Mr. Alex Thurber reports

BLACKBERRY STRENGTHENS CYBERSECURITY OFFERING FOR THE CANADIAN AND U.S. GOVERNMENT; BRINGS NIAP-CERTIFIED SECUSUITE STATESIDE

BlackBerry Ltd. has expanded its cybersecurity offerings for the public sector to now include SecuSuite for government, a multiplatform solution for end-to-end encryption of voice calls and text messages. Part of BlackBerry Secure, the most secure and comprehensive platform to connect people, devices, processes and systems, SecuSUITE for Government is the only National Information Assurance Partnership (NIAP) certified voice solution supporting iOS, Android and BlackBerry 10 smartphones and tablets. It is also BlackBerrys first secure mobile voice product listed on both the NIAP Product Compliant List (PCL) and NSA Commercial Solutions for Classified Program (CSfC) List.

"Call tapping is happening at an alarming rate," said Alex Thurber, SVP and General Manager of Mobility Solutions, BlackBerry. "In today's connected world, restricting agency employees to only exchange classified information from the desk phone is no longer a viable option, but it could be the new reality if governments don't start securing calls and texts from mobile devices. Our governments need to be mobile and they need their conversations secure, or more importantly, BlackBerry Secure."

With the NIAP Common Criteria certification, SecuSUITE for Government can now help Federal agencies safeguard sensitive conversations against electronic eavesdropping. BlackBerry's solution is hosted on premise, giving full control to the customer, something agencies want and need. It is highly reliable and delivers secure calls over carrier networks the same as secure calls over Wi-Fi, and because it works across all networks, there is no need to lock an organization into a single carrier.

BlackBerry SecuSUITE is a leading solution for government-grade protection of critical mobile communication used by more than 20 governments across the globe. In addition to more than 80 security certifications, BlackBerry was once again named a Leader in Gartner's June 2017 Magic Quadrant for Enterprise Mobility Management Suites. BlackBerry also received the highest score in all six use cases of Gartner's August 2016 "Critical Capabilities for High-Security Mobility Management" report.

Editor's Note: The NIAP is responsible for U.S. implementation of the Common Criteria and oversees evaluations of commercial IT products for use in national security systems. The products on the NIAP PCL comply with the requirements of the NIAP program and are evaluated and accredited for conformance to the Common Criteria.

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