Tuesday, October 8, 2013 | 2:43 pm
Ltd shares rose on Monday more than 4 percent in early trading after the opening of Wall Street, following the publication of a report on the interest from strategic buyers in the troubled smartphone company .
BlackBerry shares rose after a report published by Reuters about that the company was in talks with Cisco Systems, Google Inc and SAP to sell parts or all of the firm.
The potential interest of strategic buyers, along with the recent drop in the price of the shares of BlackBerry, made Macquarie analyst Kevin Smithen raised the rating on BlackBerry to “neutral” from “by below the market average. “
BlackBerry Reuters also reported that requested preliminary expressions of interest from potential strategic buyers, including Intel Corp. and Asian companies LG and Samsung to earlier this week.
Smithen advised customers to keep the action until the conclusion of the agreement, noting that the company’s intellectual property, the security of its network and service contracts could provide a value for rival firms and software companies, which until now have struggled to enter the corporate mobile market.
Shares in BlackBerry, which closed at $ 7.69 on Nasdaq on Friday, trading at $ 8.25 at 1425 GMT, up 4.44 percent from the previous session.
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