BlackBerry to Abandon Hardware Business; Reports Mixed Second-Quarter Results; Fair Value Increased
BlackBerry reported mixed fiscal second-quarter results with the company beating bottom-line expectations but revenue coming in short. The good news, as we had hoped, was that BlackBerry will no longer design or develop mobile devices, starting in fiscal year 2018. While such move will improve margins, impact of the improvement will be minimal for now as BlackBerry’s hardware business was nearly breakeven. Assuming that BlackBerry can run a leaner operation without the hardware business, combine...BlackBerry is engaged in the sale of smartphones and enterprise software and services. Co.'s operating unit organizational structure consists of the Devices business, Enterprise Solutions and Services (which includes Professional Cybersecurity Services), BlackBerry Technology Solutions, and Messaging. Co. also operates in the embedded market through licensing of its QNX software products and providing services to support customers in developing their products. Co.'s portfolio of products and services is focused on serving enterprise customers, particularly in regulated industries and select vertical markets, including government, financial services, legal and healthcare.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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