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Analysts at Raymond James and BMO agree that a breakup is likely coming, and they dont expect BlackBerrys struggling smartphone business to make it out alive.
[More from BGR: ]
The phone unit, BlackBerrys biggest source of revenue, is essentially worthless because most buyers would shut it down in favor of their own technology, at a cost of as much as $800 million, said analysts at Raymond James Ltd. and BMO Capital Markets,Bloombergs Hugo Miller wrote. Its patents, software and a secure network are each worth more than $1 billion, the analysts said, and the company has about $2.8 billion in cash.
Earlier reports suggested that and the huge discrepancies among analysts can likely be attributed to the fact that .
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