Veritas Rumored to Swallow BlackBerry Whole
| Veritas Rumored to Swallow BlackBerry Whole |
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| Veritas Rumored to Swallow BlackBerry Whole By Jim Pearce Wall Street's infatuation with artificial intelligence (AI) is starting to expand beyond the obvious names. If you didn't buy NVIDIA (NSDQ: NVDA) when I reviewed it three years ago, it's too late now. Since then, its share price has more than quadrupled. As I discussed earlier this year, that has everyone "Searching for the Next NVIDIA." As I said then, "Surely, somewhere out there must be a small company with a great product that Wall Street has overlooked." Apparently, private equity firm Veritas Capital believes one of those small companies with a great product is BlackBerry (NYSE: BB). Last week, Reuters reported that Veritas recently made an offer to acquire BlackBerry. If you haven't been following BlackBerry lately, it is no longer in the smartphone business. They sold all those patents and reinvested the proceeds into other growth markets. Read More... |
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