I don't really have a horse in this race, but I found it interesting to look at the deal Blackberry has made to sell itself to a Canadian insurance company. The part of the business we all know and used to love -- the famous Blackberry handset business -- apparently is worth zero.
In a WSJ article, they cite the following valuations:
- Cash on hand: $2.6 billion
- Patent portfolio: $1 billion +
- Blackberry secure phone network: $1 billion
Given that the price for the transaction is $4.7 billion, that implies the handset / smartphone business is worth zero. Which comes as no surprise, given Blackberry's eroding position over the last 5 years or so.
The last item on the list above seems to cause a lot of debate. I don't know enough to participate in that debate, but it appears to me that Blackberry's one last market bastion is the enterprise market where their enterprise servers and more proprietary network gave enterprises more control over their employees devices and how they used them. Which made their decision in 2012 to apparently obsolete their installed base of enterprise servers with Blackberry 10 all the more bewildering.
I have wondered why Microsoft didn't try to use the enterprise market as a way to get into the tablet and handset market. It would seem to play to its strengths and neither Android nor iOS are particularly enterprise-friendly.