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BlackBerry Stock Surges Surprisingly

Jan 23 2014, 3:00am CST | by

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BlackBerry Stock Surges Surprisingly

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BlackBerry Stock Surges Surprisingly

Struggling smartphone maker BlackBerry continued its surprising stock rally on Wednesday, bringing it up over 26% over the last three days of trading even as other phone makers and the rest of the market remain flat. BlackBerry’s rise comes as it refocuses on its core customers in business and government, and promises to return to its physical keyboard roots.

BlackBerry’s biggest leap came on Tuesday after the Martin Luther King Jr. markets holiday, when shares rose nearly 10%. The movement came after the US Department of Defense said BlackBerry smartphones would be the primary device supported on its new secure network. 80,000 BlackBerrys will start to be hooked up to the DOD’s system by the end of January, while less than 2,000 phones and tablets will come from BlackBerry rivals Apple and Google.

The news shows BlackBerry may be able to retain its main category of customers in business and government, where the company’s devices originally caught on. New CEO John Chen has made refocusing BlackBerry on those core users a large part of his strategy. He has also pledged to predominantly produce devices with the signature physical keyboard going forward. While most smartphones from Apple, Google, and Microsoft have moved toward touch screens and one or no physical buttons at all, many customers — especially those in the C-suite and in D.C. — still revere their keyboards.

BlackBerry also announced on Wednesday that it is selling the majority of its real-estate holdings in its home country of Canada (more than 3 million square feet), raising questions about whether it will move its headquarters elsewhere.

As its demise appeared imminent, BlackBerry was one of the stock market’s biggest losers in 2013. The stock sank over 36% last year despite surging shares nearly everywhere else. But new years can mean new beginnings. BlackBerry shares are up 43% in 2014, outpacing pretty much everyone as investors see signs of life.

At 2:58pm EST, BlackBerry traded at $10.66, up 7.35% on the day.

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Update: 10

John Chen: BlackBerry Invests in Cloud Medical IT Firm NantHealth

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BlackBerry (NASDAQ: BBRY) has made an investment in NantHealth, a California-based startup that is developing cloud-based information technology fo ...
Source: GovConWire   Full article at: GovConWire 4 hours ago

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Update: 9

BlackBerry invests in NantHealth for healthcare solutions


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Canadian smartphone maker BlackBerry today announced an investment in Californica-based healthcare IT firm NantHealth. “BlackBerry’s capabilities align closely with NantHealth’s and this investment represents the type of forward-looking opportunities that are vital to our future. This investment and planned collaboration aligns with the reliability, security and versatility of BlackBerry’s end-to-end solutions,” BlackBerry CEO and execu ...
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Update: 7

BlackBerry eyes healthcare niche

Source: Business Spectator

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Ailing smartphone maker buys stake in healthcare IT firm NantHealth, whose platform already connects more than 1 ...
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Update: 6

Typo halts sales of iPhone keyboard as injunction takes effect

Source: PC World

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Typo halted the sale of its add-on keyboard for the iPhone on Tuesday after an injunction took effect that bans it from being imported to the U.S. The injunction is part of a patent lawsuit brought against it by BlackBerry and was triggered when BlackBerry put up a $500,000 bond with the court. The money will be used to compensate Typo for its lost profits if it ends up winning the case. Typo launched to considerable attention earlier this year, in large part becaus ...
Source: PC World  Full article at: PC World 14 hours ago

Update: 5

BlackBerry Invests In Cloud-Based Health-care Provider

Source: CRN Technology News For Solution Providers

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BlackBerry is banking on the health-care industry to help power a turnaround by investing in NanthHealth, a cloud-based medic ...
Source: CRN Technology News For Solution Providers   Full article at: CRN Technology News For Solution Providers 17 hours ago, 4:52pm CDT

Update: 4

BlackBerry's Next Move May Be A Phone That Keeps You Healthy

Source: AOL Small Business

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Prophecies abound of Blackberry's demise, but the Canadian smartphone company is still making investments -- including collaborating with Patrick Soon-Shiong, founder of health care IT company NantHealth and mobile innovator NantMobile, to create what Soon-Shiong calls a "novel" smartphone.Soon-Shiong and Blackberry's plans are ambitious, to say the least. By the end of the year, they hope to deliver a n ...
Source: AOL Small Business   Full article at: AOL Small Business 18 hours ago, 3:56pm CDT

Update: 3

BlackBerry invests in health-care company NantHealth

Source: Hamilton Spectator

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Update: 2

BlackBerry invests in Dr. Soon-Shiong’s NantHealth

Source: MobiHealthNews

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Waterloo, Ontario-based BlackBerry (formerly known as Research In Motion) announced this week an investment in Dr. Patrick Soon-Shiong’s digital health rollup NantHealth, which boasts that about 250 hospitals are now using its cloud-based, clinical decision support platform. The dollar amount of the investment was not disclosed. BlackBerry ...
Source: MobiHealthNews   Full article at: MobiHealthNews 21 hours ago, 12:55pm CDT

Update: 1

BlackBerry Invests in M-Heath Software Developer

Source: Cellular-News

BlackBerry has announced an investment in healthcare IT services provider NantHealth. ...
Source: Cellular-News   Full article at: Cellular-News 23 hours ago, 10:36am CDT

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