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U.S. Morning Call:BlackBerry open to going private-Exclusive

Friday, August 09, 2013 - 03:51

Aug 9 - BlackBerry is warming up to the possibility of going private, as the smartphone maker battles to revive its fortunes, according to sources.

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Could Blackberry be the new Dell that's at the top your Friday morning call. Private equity firms have circled the company for years but now according to Reuters sources close to the board everything has changed. The board is starting to consider that a privately held Blackberry could happen not breathing room to fix its pop problems out of the public high. No plans have been made yet and there are definitely some hurdles the obvious what of course who'd wanna buy Blackberry. Another one is that Canada's very protective of its companies it would have to review that takeover. But guess what they're talking to. The good folks over its overly partners those private equity genius to see a possible collaboration in enterprise computing. And mobile between Blackberry and Dell. That is if it succeeds with that -- out. Shares jumping 11% in the premarket on exclusive report. Speaking of -- it's our first stock to watch according to another -- exclusive T. Rowe Price slashed its stake in delta two point 8% from 4% at the end of the first quarter. It was previously the fourth largest shareholder. That's a bloated Carl Icahn since hero has been one of the last opponents of Michael Dell's offer to take the company private. Now when you think Carl Icahn award -- wants does it usually spring to mind. But this morning there's news that the legendary investor has raised his stake in new ones. The company known for creating a series software to 16%. And check shares of Priceline spiking in the premarket. Could be the first stock in -- 500 to reach 1000 dollars today after the booking site posted big profits. For a -- is raising their price target on the stock this morning all of them above 1000 dollars. JC Penney wanted to stocks are watching a sporting as well -- act and has given the JC Penney board a deadline. Finding new CEO to replace -- -- in 45 days. Allman who was the CEO from 2004 to 2011. Was brought back in April to replace Ron Johnson who was handpicked by bill lacked command to make it retailer trending year. And we all know how that one -- out. On Johnson's watch sales fell 25%. Last year while the stock and athens' position got crushed. George Soros is taking his marbles and going home he doesn't want to play with bill -- anymore. Letters reporting that Soros Fund Management is pulling all 259. Dollars invested with act -- pershing square. This after -- accused Soros of violating securities laws in the complaint the SEC. And it's all about Herbalife a company that actually shorting and Soros is betting line. This coastline is poor performance by enactments fund which was down 2.2 percent July. But the New York Post reported that act and filed a complaint with regulators against sources -- fun. Accusing it of breaking insider trading rules by tipping hedge funds that its purchases of shares in Herbalife. Let's take a look now at what the markets are doing at this hour Dow S&P and NASDAQ futures all pointing to a lower open today. Gold heading for a second straight weekly loss as questions persist on the attack -- tapering time line. That is your Friday morning car remembered follow us on Twitter at Reuters Insider and get more great videos at Reuters dot com slash -- I'm Lisa Bernhard it's.

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U.S. Morning Call:BlackBerry open to going private-Exclusive

Friday, August 09, 2013 - 03:51