Home Headline News BlackBerry Huawei Patent Deal

#BlackBerry continues retreat from mobile devices.

BlackBerry has sold 90 patents related to smartphone technology to Huawei as part of the Canadian firm’s ongoing retreat from the mobile phone business.

The company then known as RIM failed to adapt to changing market trends. Apple and Android manufacturers were able to offer more desirable handsets and eroded BlackBerry’s advantage in security.

The failure to launch a more modern operating system earlier than 2013 was the last straw and the company withdrew from the market in 2016.

Since then, the company has focused on the provision of mobile services and security, but CEO John Chen also wants to realise the value vast treasure trove of intellectual property it has developed. It is believed to have 38,000 patents in its library.

With that in mind, the 90 sold to Huawei represent a drop in the ocean. But some patents reflect key innovations developed by the company during its heyday such as the presentation of text and images on devices depending on its physical orientation and the geotagging of photos. However others reflect BlackBerry’s heritage in security such as the “sharing data to a group of devices.”

Some observers have questioned whether BlackBerry should be selling such IP to Huawei given it has attracted national security concerns among some of Canada’s allies.

BlackBerry closed up 1.670 at 9.110. Volume was 223% above average (trending) and Bollinger Bands were 38% wider than normal.

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the bullish or bearish trend reflected in the lower ribbon.

BlackBerry is currently 75.2% above its 200-period moving average and is in a downward trend.

Volatility is extremely high when compared to the average volatility over the last 10 periods.

There is a good possibility that volatility will decrease and prices will stabilize in the near term.

Our volume indicators reflect volume flowing into and out of BlackBerry at a relatively equal pace (neutral).

Our trend forecasting oscillators are currently bearish on BlackBerry and have had this outlook for the last 11 periods.

Our momentum oscillator is currently indicating that BlackBerry currently in an overbought condition.

Overall, the bias in prices is: Upwards.

A big white candle occurred.

This is generally considered bullish, as prices closed significantly higher than they opened.

If the candle appears when prices are “low,” it may be the first sign of a bottom.

If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support.

Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles.

During the past 50 bars, there have been 23 white candles and 25 black candles for a net of 2 black candles.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.
CLOSE