Antique Lawsuits, Defunct Phones: Pray for BlackBerry?

Cyber security software maker BlackBerry (NYSE: BB) wants to make it absolutely clear that it is no longer a phone maker. Once, it was the phone of choice for a president; Barack Obama specifically.

However, it wasn’t enough to keep BlackBerry in the game. In fact, new developments make it clear BlackBerry is out of that game for good. I’m somewhat bearish on BlackBerry these days.

Its shift to cyber security is a good shift. Yet, the company really doesn’t have the kind of name recognition it would need to be a big deal therein.

Looking at BlackBerry’s year in share prices is a study in what might have been. One massive spike in January sent share prices from around $7 to just over $25 per share. That spike took roughly three weeks.

It took only about a week, meanwhile, for over half that to be lost.

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