Snowden Is BlackBerry Ltd (BBRY)’s Biggest Ally

0
Snowden Is BlackBerry Ltd (BBRY)’s Biggest Ally
jieyirain / Pixabay

When Obama won the U.S. presidency, it seemed the man could nearly walk on water. Now, he just continues to sink. And while Obama’s (lack of) popularity is a battle he’s losing on numerous fronts, Edward Snowden continues to bring the man down with weekly revelations. But when it comes to Snowden, Obama’s bane is BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)’s boon. Quite simply, the NSA seems unable to crack BlackBerry’s security and has found itself with a niche market to build on now that John Chen has taken over as BlackBerry’s Executive Chair & CEO.

BlackBerry security

Based on the revelations that German Chancellor Angela Merkel’s phone was being tapped by the NSA, at least until she switched to a BlackBerry Z10, the German government will no longer allow government employees to use iPhones. BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is the gold standard in security and while so far only Germany has adopted these measures, expect one or all of the these countries – Russia, Mexico, Brazil, and France – to look to Germany’s decision.

ValueWalk’s July 2022 Hedge Fund Update: Tiger Cub Hedge Fund Shuts Down

investWelcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Andurand's oil trading profits surge, Bridgewater profits from credit, and Tiger Cub Hedge Fund shuts down. Q1 2022 hedge fund letters, conferences Read More

The German government purchased nearly 40,000 secure BlackBerry Z10 smartphones a few months ago, including one for Merkel. eWeek reported that the Z10s in use by the German government included a Secusmart encryption engine installed via a micro SD card, that takes advantage of BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)’s Balance feature.

Secusmart CEO Hans-Christoph Quelle seems to know that he has a great product when combined with BlackBerry’s Z10. “Theoretically, it would take 149 billion years to crack this code based on today’s technical standards, even with the use of special computers. The universe itself isn’t even that old. That’ll definitely keep the USA busy for awhile,” Quelle was quoted as saying recently.

Niche CEO John Chen

BlackBerry has enjoyed some recent success with the release and overwhelming uptake of BBM for both Android and iOS. They’ve even just recently begun to monetize the messaging platform. John Chen knows niche markets. When he took the reins as CEO of Sybase, he inherited a company that was hemorrhaging money, and failing to compete with Oracle Corporation (NYSE:ORCL) and International Business Machines Corp. (NYSE:IBM). Rather than try to compete, he focused on niche markets before selling the company for $5.8 billion.

It’s conceivable that Chen will simply deemphasize BlackBerry’s handset market and run with what is working – security and BBM – while looking at other areas to go forward to advance these recent gains.

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at theflask@gmail.com</i>
Previous article United Parcel Service, Inc. (UPS) Holiday Plans Drive Share Price
Next article Will Banks Charge a Fee for Deposits?

No posts to display