GVA Research's David Garrity On BlackBerry's Sale Exploration And Future
The once mega-giant phone company (known commonly as the CrackBerry in its prime) wants to maneuver out of collapsing. David Garrity, Principal at GVA Research, feels confident that they won't see their demise. He discussed the possible buyers in BlackBerry's future, amongst other things, on CNBC's Squawk Box Tuesday morning.
Garrity mentioned that there are a number of interested buyers for Blackberry, noting value in the patent portfolio, saying that one could argue some Canadian investors could show interest. He cited that some Canadian pension funds already have, however, he believes that they they would still probably have to find other buyers to take over the patent portfolio.
VirnetX Holding Corporation (NYSE: VHC) could come in independently to maximize the value of patent portfolio, said Garrity while making predictions.
"The threat of VHC coming in, given the fact that they've been an active litigator, might actually bring some other technology companies off the sideline, but the one probably most qualified, yet still conflicted at the same time, is Microsoft (NASDAQ: MSFT)," said Garrity.
(It must be noted that Garrity has an interest in Microsoft due to several factors.)
All in all, the Blackberry devices will find a way to survive, Garrity announced.
"The Canadians aren't going to go see this thing go down," said Garrity.
At the time of this writing, Jason Cunningham had no position in the mentioned equities.
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