BlackBerry Surges on 1 Million Unit Order

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By Jon C. Ogg Published
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BlackBerry (NASDAQ: BBRY), the former RIM, saw shares surge late on Wednesday after it reported that “one of its established partners” has placed an order for one million BlackBerry 10 smartphones. The company did not say which partner it was that made the order but it did say that shipments would begin immediately. What is perhaps more important than anything is that Blackberry claims that this is the largest single order from a partner in BlackBerry’s entire history. It may have helped if we knew exactly which partner it was, but sometimes it is important not to look a gift horse in the mouse. That is true even if we don’t know who the gift horse is.

We have seen very mixed reports from Blackberry, but the bloodletting of the prior two years has finally abated. The new BlackBerry Z10 is already available for purchase in a number of international markets and is due momentarily in the United States.

Blackberry shares rose 8.3% at $15.67 and $6.22 to $18.32 and its market cap is $8.04 billion.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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