Canadian smartphone maker BlackBerry Ltd stated it would acquire software program safety provider Good Technology for US$425 million in cash. Good Technology so far is not producing a dime and Chen is taking on all the liabilities here which for BB and its personal problems does not look all that wise. Excellent has had some impressive offerings, and could be important when it comes to options offerings. Watch for the usual suspects to come out and praise much more potential layoffs as just good enterprise, even although both firms are bleeding like a couple of stuck pigs. Just like Nortel, ex-BB staff started organizations, got hired by the likes of Apple and Very good.
This deal reminds of the very good old days when one penny stock piece of crap organization would acquire another, the share price tag would shoot by means of the roof and the pumpers would inform you how wonderful it is even though its the equivalent of a couple stones sinking in the water, only sinking more rapidly since becoming tied with each other. That’s a fairly great acquisition and only a tiny chunk of the $3-four Billion they have on hand. Some tablets, specifically high finish ones, can expense quite a bit – as significantly as a excellent laptop or desktop pc. Blackberry is synonymous with skilled class devices and the Blackberry Playbook is no exception.
The Kindle Fire makes use of a hugely modified version of the Android operating program and the have done a excellent job making it effortless to use. It was briefly owned by Motorola Mobility, who purchased it in 2006 to attempt to compete with BlackBerry for push e mail. I utilised it myself back then, it was one of the far better solutions for Windows Mobile back in the days before Microsoft figured out that maybe it would be a very good idea for Exchange to help mobile devices straight.
Motorola sold Good off in 2009, and the company was carrying out significantly a lot more than just push email by then, making a suite of device management goods. Although the sniping among BlackBerry and Great is exciting, it is not my preferred portion of Great Technology’s history. No, as an Old and a Nerd, my favourite component is pointing out that Good Technology got its begin generating an MP3 expansion module for the Handspring Visor PDA back in 2000. Its IPO was delayed, caught in the identical vortex that pushed Box to delay its providing. Great has raised over $293M to-date more than six investment rounds, according to Crunchbase.
According to the most current business filings from December 19th final year, revenue was up and sales and advertising and marketing spending remained flat, all excellent indicators for the company. In fact, an industry supply told TechCrunch that this layoff was not about income, but what this person named investor appropriate-sizing.” In other words, even although they had a very good quarter, the investors really feel the company requirements to run leaner going forward.