blackberries... squashed! 'm still clinging to my blackberry- they'll have to pry it out of my hands how the smartphone pioneer.. fell from grace.. and who is in line to buy it.. to bring it back to life! you're watching fox 45 good day baltimore. map green map we are following breaking news out of northeast baltimore. three people are dead and another is in critical condition after a car crash at york road and northern parkway. megan gilliland is live on the scene with more. in: as a result 2 individuals out: local hospital who knew an instagram account could cause so much trouble? rihanna's latest post caused problems in thailand. the singer posted a "selfie" showing her with a loris... an endangered primate native to the region. the problem is... it's illegal there to charge to take pictures with endangered animals. the picture received more than 230- thousand likes ... which triggered the government. the two men who allegedly own the loris... were arrested. even "the queen of talk" has her moments. it's re

i think by the way, my hats off to the blackberry people. this is a good price for blackberry. i think if you look at the analyst covers people were thinking 5, 7. >> that's my point. is it too good of an offer. >> that's why i think it's not a bad idea to sell some here. >> you would be selling some here. >> i think at lot of people are saying this is too much. the transaction valued at $4.7 billion. mind you, this was a stock that was $70 billion in market cap back in 2007 at its peak. >> in a piece on street.com this morning i wrote this is a company that is in corporate hospice at this point. that's how i looked at it. >> corporate hose pes. >> that's -- i thought that was extreme. >> really? >> let me explain something else here. >> not icu? >> remember, prim originally bought much of his shares or part of his shares in 2010 at a price -- >> explain who prim is for our listeners. >> the ceo of fairfax financial. >> you've tangled with him, haven't you? >> a lot of people have tangled with him. he's famous for suing short sellers. came in, started buying the stocks, some at

blackberry shares are halted. news pending. take a look at where we're standing with blackberry. ahead of the halting as you can see, the stock was bouncing off the lows of the day. >> remember, they have put themselves up for sale. they've been lining up bidders. talk is they're looking at bidders who want to buy pieces of the company, not the whole company as a group. we'll see what this news is all about. >> news is pending. markets with a triple digit decline. dow down 110 points, bouncing off the closest low of the trading stegs, 15,526 after hitting an all-time high earlier if week. nasdaq, a decline of 5.75. it's also bouncing off the lows but no scars. still in negative columns. s&p down 800 point at 1713. >> stocks struggling as the fed afterglow turned out to be short lived. we've given up the gains from wednesday. what's going on? >> can't blame it on interest rates. the s&p drifting lower. tuesday, the s&p was 1703 so we're a little higher at 2:00 on wednesday when the fed announcement was made, but not much. by about ten points, as you can see here. what's going on?

i still carry a blackberry. i still use my blackberry.amlined so they are only doing corporate cust had mers right now. they're not selling to consumers. >> i think this -- >> is this going to work? >> it takes away a big risk that was holding back their business. a lot of people were worried whether blackberry had any future which meant that i.t. departments across corporate america were being hesitant to invest in it. by going private, they assure that they have a longer term future or i think that's the plan here, which makes corporate america more confident they're not going to waste money by upgrading to the new blackberry systems. there's a good logic here where they get off that self-fulfilling train, worries about the company might actually come true because everybody's worried about it. now people can rest assured. >> prefer blackberries versus smartphones because of security issues. >> absolutely. the security issues, but you have -- but the competitors, particularly apple's iphone, have gotten a lot more secure. they addressed

brngews blackberry.nding a buy to take it private in nearly $5 billion dea shares expected to resume trading at anyom we'll hav latt dails straig aad. tracy aboutne week aont he government shuts down. will lawmakers strike a deal fore cck ticks dwn? and no joke, to the lastitter second? "wall street journal's" gerry seib tells text battle in thisar coming up. ashly: apple shares juming some, well, 4% on hot demand for th n iphones but ao risinguestios about privacy and fingerpnt thnology. fox news's judge andrew napolitano says hackers are not only ones who cou abuse it. u wll have those details raight ahead. tracy: the top of the hour and timeor stocks. nicole on the floor of the new york stock exchange. nicole what is goin on with blackberry? >> first thing we shoulday it looks like it is resuming ading. we said it would resume trading momes ago andooks like. it is trying to settlento a space here. 3.8% to the upsid, above the $9 mark. what we talked about t la hr you do have fairfax consortium working

blackberry, buyout agreement for $9 a share. peter costa, i like to call you from empire. fed says we're not in a taper and now three day losing streak. >> one minute out of the side of their mouth it's going to start in october. then three governors say it might be a little too early for that. we're still in a very soft economy. and what do we do? i don't even know how to trade. >> we look to d.c., they'll help us out. >> that's real helpful. you know my feelings about that. >> that's a big risk, though? >> it's a huge part of the risk. >> thanks so much. second hour of the "closing bell" will continue with maria at oracle. >> it is 4:00 on wall street. 1 p.m. in san francisco. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo coming to you from san fran. stocks in the red as investors express concern about the strength of the economy. see how would he finishing the day on wall street. dow jones under pressure down to 15,402. nasdaq gives up 9 1/2

is this the beginning of the end for blackberry? >> it really could be, given the fact that everybody's pared up. microsoft and nokia were the last to pair up. that leaves blackberry on the outside looking in as to what it holds for the future. it has great intellectual property left but who do they dance with? samsung with android, apple has its own thing going on. >> the business enterprise is looked at as the last bit of value, but you're saying that that business has to be acquired? >> i think so. they got some really interesting intellectual property like q and x software platform, their messaging platform. could be really good stuff for internet of thing or industrial internet. things ge could use some messaging stuff. but we're talking about the enterprise as a place for blackberry to play, i think that's all but said and gone. look for interesting announcements coming in the future from federal agencies and the federal government looking to samsung to deliver a secure version of android for them 37. if that happens, that is

blackberry is not new. nobody is waiting in line for a new blackberry. >> blackberry has the most secure network everyone turns to. >> it's not a coincidence, this stock took a nose dive when apple comes up. people see this is it. >> that's old news. >> it's going to happen next year. blackberry will have the same scenario. >> can the stock pop going into november? >> here's what i would say on blackberry, one of the places people are jumping in on the stock, they look at sum of the parts basis. if you feel the hardware is off the table, what is the bottom for the enterprise? what's the value of that business? where will the stock find a buyer that thinks it's worthwhile? i would not be jumping in here on this, having said that, there are definitely people circling the wagons. >> would you buy blackberry? >> it's not a cop out. i think you have to let it shake out. >> you don't get shorted here. >> you can't short it here, my opinion. >> let's turn to the broader markets here, wild week for stocks after the

asked about blackberry.he manager of this huge stores said, listen, i would not even sell it to you. no idea what is going on with the company, and we don't even know what kind of support will have. people are not selling the funds, that is a big problem. adam: and listen to everybody, how the mighty can fall quickly. 50 percent of the smart phone market even after the launch of the iphone, but look at what has happened to them. thank you very much. nicole petallides on the floor of the new york stock exchange. closing bell ringing in 48 minutes. one of the nation's top medical and research centers is cutting thousands of jobs. and as obamacare begins to kick in next we will talk to a health care ceo who is an outspoken critic of the president's affordable care act. and how to tackle the challenges ahead. and as we get to break, take a look at this live shot. the flagship apple store on fifth avenue in manhattan where knew iphone mania is in full swing. later, we are going to get through all the hype. whethe

. >>> and smartphone maker blackberry finds a buyer on the same day that apple recorded record sales. >>> and what the stakes are for your money. >>> we have the state's new frontier, why this traditional industry is finding ways to make money on the internet. all that on today's nightly business report on september 23th. good evening, i'm susie herera. >>> well, we begin tonight with big news in technology, the struggling pioneer, blackberry, may have just received the call it has been waiting for. the one-time tech giant getting a lifeline from a consortium based fairfax holdings, which would involve a deal worth about $4.7 billion. fairfax owns about 10% of the company's shares and after news of the deal halting trading for about an hour, shares of blackberry ended 1% higher on very heavy volume. still shy of the nine dollars a share that fairfax agreed to pay. not a done deal by any means, they have six weeks to conduct due diligence, while blackberry can shop for a better deal if they can find one. >> joining me now, the senior analyst, peter, welcome. what is your take on this p

blackberry, we have a special blackberry pan them. we'll talk about all the stuff as the bells are ringing. by the way, the man who is ringing the bell, you see him in the hat on the left, a at nyse. that is the president of nigeria. he will join us right here in just a couple of minutes to talk about that awful situation in kenya and whether or not that is going to spill over into other countries in africa. how that might affect invests in africa and other emerging markets. we'll talk to the nigerian president coming up as you look at all the indices in the red. could be a lot worse. it is individual stocks we're looking at but when you look at the russell 2000 down a tick today, you have to say a market neutral day, wouldn't you say, liz? liz: indeed. not from the standpoint of front page headlines. new york fed president bill dudley says the federal reserve will reduce support for the economy, fancy way of saying taper, later this year. he warns the economy still needs accommodative monetary policy. david: meanwhile general motors

we have a clear value proposition for blackberry and different from others. >> that was blackberry'sainting an upbeat picture of the company despite the best hopes. been a tough ride for blackberry investors. the question is will anyone come forth and bid for the company or is it just game over? just here on this desk we were all at one point. maybe not you, all at one point blackberry users and we've all switched to iphone for work. >> everybody i know used to carry blackberry and now nobody does. that's transformative. whatever he says about liking the brand. i think it's become a bit of a joke now. when people are carrying a blackberry most people look at at you and say what are you doing with that thing? that's the honest truth so we shouldn't be surprised by absolutely dismal sales numbers. >> a sea change, bring your own device to work, large enterprises which accounted for a huge amount of their users basically start ed to say to their employees you can bring your own piece of hardware, we'll put our own piece of software on it and all of a sudden all these users were trapped

we have a clear value proposition for blackberry, different than others. >> that was blackberry ceo thorsonat picture of the company. it has been a tough ride for blackberry investors. the question is, will anyone come forth and bid for the company, or is it game over? just here on this desk, we were all at one point blackberry users, and we have all switched to iphones for work. >> everybody i know used to carry a blackberry. and now nobody i know does. that's transformative. i mean, whatever he has to say about people liking the brand, liking the brand, i actually think it's become a joke now. when people are carrying a blackberry, most people look at you and say, what are you doing with that thing? that's the honest truth. we shouldn't be surprised by absolutely dismal sales numbers. >> there was a change that happened. bring your own device to work. these large enterprises, which accounted for a huge amount of their users started basically saying to their employees, you can bring your own piece of hardware, we'll put our own piece of software on it. and all of a sudden now, this is just

blackberry didn't really try to do that. its whole problem is that it couldn't and had sort of showed no expertise in innovating beyond the smart phone that it had before. often over the last few years it's released several different devices that have promised to be the next big thing and they turned out to be either middle or not so great and not innovative. just copying what other people were doing. >> brown: we're talking about blackberry, we're talking about apple. just in our last minute, another company that people always look at in this regard as being a huge leader and then what happens, that's microsoft, another big player still but still trying to find its way and its position. >> yeah, i mean, and the story for microsoft is similar. it had this huge market, the p.c., and then pretty much without its noticing, the p.c. market began to go away. and now kind of the center of energy in the technology business has to do with mobile devices like phones and tablet which is microsoft is really trying to catch up there, th

now in talks to acquire blackberry.l conflict of interest. the losers are blackberry shareholders, blackberry employees, 4500 of whom are going to be laid off and won't receive any golden parachutes of their own. >> that's the whole point. you want to tie it to performance. if it was tied to the stock rather than a renegotiation of the deal, he would be, you know, going the way of the stock. and so, you know, he would be measured on performance versus getting this golden parachute. when somebody looks at blackberry's downward spiral and sees the pay the ceo could pocket, if the company is bought, it doesn't seem excessive to you? >> i agree this size of golden parachute makes for a great headline but i don't know how much he should earn. you don't know how much he should earn. i don't think your own guests knows -- >> is it $ $55 million given the company missed innovation, lost market share, forced to sell out? should it be $55 million. >> i'm not sure i'd want to be the ceo of blackberry right now so if this is them s

at its peak, blackberry had a stock market value of $55 billion.is 10 under that. the device maker was outdone by the likes of iphone and android, devices marketed directly to consumers, who loved their sleek design and user-friendly apps. >> once you got to the level that iphones and android devices were something that people were bringing in to work and not just using as a personal device, that was really the death of the blackberry. once it became clear that blackberry was not going to keep that stranglehold on the corporate and government market, it just became very difficult for blackberries to stay relevant. >> reporter: in a last effort to save the business earlier this year, blackberry unveiled two much-delayed smart phones and a top-to-bottom over haul of its operating system. the ceo, austin hines, touted the phone as a new beginning. >> this is one of the largest launches in our history and today is not the finish line. it's the starting line. >> reporter: their fate can be summed up as too little, too late. sales were dismal. the latest

blackberry roughly flat throughout the day, down now about 1%. >>> meanwhile, blackberry has been for a long time been a source of national pride for canada. earlier today i sat down with the prime minister of canada. prime minister stephen harper as they are looking for new funds and investors in canada. i asked him about investing in canada. by also asked him his thoughts on what might happen with the company. >> in terms of any acquisition, the government is not involved in the acquisition process unless it's a certain level of acquisition that's done as a foreign acquisition. in that case the government would have to review the decision to ensure that it's within our national interest. so that reason obviously i'm not going to comment on any potential partners. >> this doesn't fall into that category? >> it doesn't appear. as i say, it is an evolving situation. if it were a foreign takeover, the government would obviously have to examine it. >> so there's a chance you will be reviewing it? >> if -- if it's for an acquisition above a certain dollar figure the government would revie

still to come: inside the blackberry meltdown. is the stock a buy now that it's trading belowing $9 dollars.. plus... reduce, reuse and recycle. how to get fast cash for old electronic devices. and....a look at the next generation of gadgets rolling onto the market this week-- as tech companies attempt to take on apple. stay with us. a new week, a new generation of tech products. microsoft is expected to introduce its new surface tablet at an event today. reportedly, the surface pro 2 boasts more battery life, and new accessories. microsoft recently cut prices of the surface pro due to poor sales. and blackberry has high hopes for its latest z-30 smartphone.the larger and faster phone is being released this week, but doesn't go on sale in the u.s. until the holiday season. the pace of new products rolling out is picking up. but what do you do with your old electronics? ky sisson tell us how growing gadget garbage is creating a $500 million dollar business boom. though it may seem like dÉjÀ vu all over again, another new i- phone d

watsa's prowess, being compared to buffett, including blackberry, owning 90% of blackberry shares.rent worth, $425 million. consortium owned by fairfax wants to take them private at $9 a share. a deal watsa said will open a new and exciting chapter for fairfax. >> this is a first. private equity venture and hedge funds can solicit capital from accredited investor. has to deal with change in law. julia with the details. >> the 80-year ban on private company advertising has been listed as jobs act look to make it easier for private companies to solicit funds and raise capitals thanks to new rules about general solicitation. any company with private company stake can advertise to raise money. in the form of offering money on a website, tweeting, facebook posts, tv commercials, magazine ads, direct mail or even e-mail or e-mail marketing. only accredited investors will actually be able to purchase equity in a small business or fund and they'll have to show proof that they have at least $200,000 in annual income over the past two years or $1 million in net worth, not including the value

i love blackberry.ack to the days when it didn't have competitors, because it was the innovator. the company first released a two-way pager all the way back in 1999. they called it blackberry because the see board resembled the knobby bits on the fruit. in 2003 they released what we now know as a smartphone. but all of blackberry's early innovations came long before the iphone. blackberry was the early leader. it could have been all of that. and today's news is confirmation of a dream unrealized. >>> tuesday on "real money" how much you pay for prescription drugs under obamacare. i'm ali velshi, see you then on "real money." >>> they lived the american experience, legally, though, they are outsiders. young people from asia, africa, and the caribbean, now dare to dream when it comes to immigration reform. ♪ >>> they grow up hiding in plain site. a diverse group of young people who say they feel invisible whenever immigration policy comes up for discussion. roughly 27% of

then it was blackberry, obviously. and then i got another one. [ overlapping speakers ] >> you only use a blackberry. >> i only use blackberry. i often write three or four paragraph e-mails and i can't do it on a touch-screen. >> $4.7 billion the company was valued at? >> 2.7 billion, 2 billion in cash in the company. the assets are probably about 4 billion. the fair question, assuming it goes through, what are they going to do with it? are they buying it because you love it and you're using it and we might all stay with it as a secure server system, or are they going to break it up into patterns and bits and cannibalize? >> that's a prop. >> we haven't said why it is in such trouble. it's because it didn't innovate. it's because you can't internet on it properly. >> right. >> i will say once you make the switch to iphone, it took me a long time. but i now can't believe that i didn't switch earlier. [ overlapping speakers ] >> those who have seen the light. >> i wonder if the q 10 or z 10 works better. >> i sent mine b

we are going to be talking blackberry. billion deal with fairfax financial, its largest shareholder which will take the struggling smartphone manufacturer private. fairfax still needs to do due diligence and line up financing to fund its $9 billion share buyout. last week, blackberry posted a big second quarter loss and flash its wore force. blackberry shares rose 1% on monday, but traded nearly 100 million shares, nearly four times its daily average. james geller joins us from new york. thanks for being with us, ceo of rapid ratings. this has been a long, painful, slow death for blackberry. what do you think about this potential deal? >> well, i agree. i think it has been a very, very difficult time for them. they've been in a bit of a spiral. this is sort of saving grace news, but there's still a lot to be done. there's execution risk, financing risk as you just pointed out. even if all of that gets done, it doesn't change the actual business prospects. they have a lot to do if they're going to continue to be a viable co

thank you very much. >>> as for blackberry, t-mobile saying it will stop stocking blackberry hand sets in its stores. jon fortt is in san jose. we knew blackberry has it's exiting the consumer market. is this t-mobile news the result of that? >> well, it might be related to the latest on blackberry, as you mentioned, is more bad news. a manufacturing partner mentioning last night they might back away from the company, and t-mobile's no longer going it carry blackberry inventory in its stores though you'll be able to order onloin. a t-mobile executive saying the only people interested in blackberry are business professional. t-mobile is the smallest of the major carrier. the biggest players, at&t and verizon have both told had he they're still carrying blackberry inventory in stores. shares today trading as you mentioned well below 8 bucks i hair. fairfax financial holdings is offering 9 bucks a share to take the company private. all this comes after the smartphone maker on friday warned that its net operating loss would be far steeper than wall street expected between 950 and $995 mill

then it was blackberry, obviously. [ overlapping speakers ] >> you only use a blackberry. >> i only use blackberry. i often write three or four paragraph e-mails and i can't do it on a touch-screen. >> $4.7 billion the company was valued at? >> 2.7 billion, 2 billion in cash in the company. the assets are probably about 4 billion. the fair question, assuming it goes through, what are they going to do with it? are they buying it because you love it and you're using it and we might all stay with it as a secure server system, or are they going to break it up into patterns and bits and cannibalize? >> that's a prop. >> we haven't said why it is in such trouble. it's because it didn't innovate. it's because you can't internet on it properly. >> right. >> i will say once you make the switch to iphone, it took me a long time. but i now can't believe that i didn't switch earlier. [ overlapping speakers ] >> those who have seen the light. >> i wonder if the q 10 or z 10 works better. >> i sent mine back. >> not encouraging. >>

be in the public eye as much, look at one or two or three years, what do you see for blackberry? >> they will be one of the top hybrid cloud dividers and mobile providers in the world. they will secure blackberrys and iphones and ipads, they will be allowing you access on your desk top in a secure fashion, and in a way that the nsa can't snoop, you will see a lot of value to that service. >> will they still carry the bland blackber brand blackberry in three to five years or not? >> probably a small number of people, only those just wedded to making small messages, e-mails, texting or phone numbers. anybody requiring apps of any kind won't be carrying a blackberry in the future. >> all right, peter, thank you for joining us, senior analyst over at jaffrays. >>> and there was a very different story at apple, they sold a staggering nine million of their newest iphones over the weekend, nearly doubling the analysts' forecasts, nearly doubling the outcome for the quarter. take a look at investors, sending shares $23 higher today at 490.64, more on apple's most successful debut yet. >>

we are talking a lot about the blackberry.xpected to record a $1 billion loss as the smartphonemaker attempts to close a $4.7 billion deal which would see the troubled company sold to fairfax financial group. anyhow news has now emerged that the blackberry ceo is set to receive a golden handshake worth approximately $45 billion. the company is due to report at 1400 cet and speculation continues that the numbers could prompt a rival bid to emerge. take a look. blackberry shares have been plunging all year. down yesterday at least 0.7%. let's get more on this.. joining us from new york, maxwell's chief economist and strategist at zedt. welcome. max, where to start with this story? blackberry, so much going on. nothing very good. what do you make of the latest news about its ceo, torsen hines receiving such a large golden parachute? and he got this special achievement bonus of $3 million back when the blackberry 10 smartphone was released, yet is company is expected to write down about $1 billion in losses due in this very exact

if you are a blackberry user, your phone will still work, but the end of blackberry is coming. frankly, we've known that ever since the company laid off merely half of its employees. pandora shares, meanwhile, fell hard monday after apple said its new itunes radio was doing very well. two services are very similar. it's recovered a bit this morning. then you've got these guys on the nasdaq. the guys from redwood city's rocket fuel up 2% again today after a big rise since their ipo thursday night. they got to open the nasdaq this morning. now, this is just a ceremony. it doesn't mean anything from a financial standpoint, but it's fun. shares of that company ipo'ed at $29, and now they're trading above $60. back to you. >> wow. huge jump. thanks. >>> a special night at at&t park with fans getting to raise money for injured giants fan brian stow. they take on the los angeles dodgers tonight, and fans who buy a special event ticket will receive a mystery giants gift bag. $10 from every special event ticket will go to the brian stowe fund. he is still recovering from that attack out

i'm a buyer of blackberry. blackberry is going higher.pull up a three-year weekly, we see how rough it's been for this stock over the last few years. but i love this chart. why? it's putting in a long-term base. buyers stepped up to support the stock after the disaster of its last quarter, sending shares toward the top of a trading range. i would say somewhere between 15 and 18. this is a great stock to buy on strength. again, i'm a buyer of blackberry, very, very bullish. >> does it matter to you, steve, who the buyer uflt matly is? >> it doesn't. i do think, look, because i think private equity sees intrinsic value here, my guess is this company is actually going private rather than being taken over by a private company. regardless, i think there's a lot of value here. it's a hard company to love. i can see that. it doesn't make money. i used to trade about six times this price. there's a lot of negatives. clearly i think they're more than priced into the stock. i think the risk rewards favors the longs. >> thanks to you both. appreciat

can swype on blackberry devices.elissa: thank you. next, talk about bad for business. you may think getting friends to write rave reviews can help you cash in but major crackdown is costing big time. we will tell you what sites to believe and what are banking on bogus claims. who made money today? now i kind of wish i had melissa: 19 companies are getting yelp that today. of where to go and what to eat are worth it? the new york attorney general slot big fines on companies accused of creating fake customer reviews. but is spending e money on this investigation really worth it to make joining me now from both sides of the outcome of criminal attorney opposes company they call these various companies and said can you help me, can you generate a bunch of fake positive reviews. they found a resounding no. that said, yes. is it pretty common? >> it absolutely is. it is a huge problem, and i applaud the new york attorney general's office. i don't know how effective it is going to be. we are a small business are. a hard-wor

blackberry down 20% in just the past month. what a dive this stock has seen over the past couple years. seema mody here, blackberry lost a billion dollars, but it is in the latest quarter but it's the executive compensate for the ceo. >> does a ceo deserve a package when the company they're leading is suffering. according to reports blackberry's ceo could rake in $55 million if the company is sold or his job is terminated. this cushy golden parachute said to have been secured by three board members including prima watson of fairfax. a professor at yale school of management said heins was the wrong guy for the job and now his compensation package is calling into question whether ceos deserve such high payouts when the companies they are leading are under performing. other high-profile exit pay packages include carry fiorina paid $21 million even though shares of hewlett-packard fell during her reign. bob nardeli of home depot paid a serve ran package of $210 million. henry mckinle of pfizer received $196 million even though shar

now, as regards to blackberry, blackberry has a basic problem. they make handsets.pected to have a 20% gross margin. and when you spend 10% or 15% on r & d and sg & a and subject that, you lose money. and if you lose money, that's not a sustainable proposition. on the other hand, blackberry has a very successful ndm platform. which sits in 250,000 enterprises. and so while people look at blackberry and say the real asset is 70 million unit customer base of which about a third is enterprise, the real asset that blackberry has is the servers that sit inside enterprises and manage devices. and in a world where you're bringing your own devices where everybody wants to bring their apple and samsung device, not their blackberry, it's a prolific device of the day, notwithstanding all the people around this table. >> just me. >> just you? >> we'll got to that in a second. the issue with enterprises is how to manage those devices. and that's where blackberry has a great advantage. >> but just so i understand, this piece of it -- i've always understood they manage it at the s

tell us what's up with the blackberry here. >> yes, and the hits keep coming for blackberry.lysts are expecting the company to lose almost $1 billion. and lose they did. $965 million to be exact in just three months. look at its revenue. blackberry only made $1.6 billion. that's a 45% drop from a year ago. all right. so we know blackberry is having big troubles. what's next? the company is going to be laying off 4500 employees and going to make four smartphones instead of six models. on monday is, fairfax financial put up a bid to take blackberry private, just $4.7 billion though. but that's far from a done deal. still this could be one of the last public reports that we get from blackberry. they even canceled that i ever conference call with analysts ahead of the report which is the somewhat rare. michael and suzanne? >> a billion dollars. goodness me. alison, always a pleasure to see you though. >> i'm not just old school. i got both. >> i had one for years but no more, sadly. >> every time you get on a plane, you're asked to turn your phone off. aren't you? but questions o

blackberry, we have a special blackberry pan them.ls are ringing. by the way, the man who is ringing the bell, you see him in the hat on the left, a at nyse. that is the president of nigeria. he will join us right here in just a couple of minutes to talk about that awful situation in kenya and whether or not that is going to spill over into other countries in africa. how that might affect invests in africa and other emerging markets. we'll talk to the nigerian president coming up as you look at all the indices in the red. could be a lot worse. it is individual stocks we're looking at but when you look at the russell 2000 down a tick today, you have to say a market neutral day, wouldn't you say, liz? liz: indeed. not from the standpoint of front page headlines. new york fed president bill dudley says the federal reserve will reduce support for the

after its announcement, blackberry's shares on u.s. and canadian exchanges lost 1/4 of their value. >>> now the crime is coming back to the the u.s. state of texas. cattle wrestling is on the rise. mark sh fired sreutsd onmark scs county. >> reporter: ranger bob alford has more than a dozen longhorn on his 42 acres. each one, except a calf is branded. >>> this brown cow has two brands. >> reporter: he also has pictures of each animal has never had one stolen but he knows plenty of people around here have. >> we have seen double of what we've experienceed in the past. >> reporter: he's not just the rancher, he's the johnson county sheriff. >> we all work together. >> reporter: he has an allie in the fight against kalt and other left in george davis who owns the johnson county cattle auction. >>> you can tell they give you the address is not right. there will be something. they may not have a license plate on their trailer. >> reporter: high ca cattle pris are why it's on the rise it's up 25% from two years ago. >>> a good 500-pound calf

can you actually expect companies to give their staff blackberrys if blackberry management couldn't believe >> blackberry, it's a tough situation. it is clear they're culling as much out of that business to insure they have something positive to sell to the private equity folks. blackberry is an excellent parallel to any high-flying company and stocks. things are great until the music stops. when it stops, things come crashing down. there was a time when people thought blackberry was the greatest phone ever and people wouldn't be able to match it. it is what they say about apple now. with a case like blackberry, they are just struggling to survive, period. >> thanks for your thoughts on blackberry and apple there this morning. >> from apple to microsoft, the company's media event in new york where it is expected to launch a new version. our seema mody is outside with what we can expect. >> good morning, carl. that's right. microsoft expected to make another attempt at penetrating the tablet market. the street is expected microsoft to unveil its new surface tablet thinner, lighter and faster

blackberry. the company that once dominated the market put itself up for sale, stock talking up on the news today last time we checked after a board members said yesterday there is a place for blackberry as the player. but wait a minute. only in any insisted was doing fine. a little known analyst had the temerity to say the new smart phone was a flop blackberry went ballistic and accused the guy of manipulating stock price and had the gall to call for an sec investigation. that mean-spirited reaction was a warning shot 4 other wall street analysts. mess with us we will attack you. the company refused to put up or shut up. it wouldn't disclose specific figures, just said demand was in line with expectations. now all we know how all low those expectations were. shame on you for lying to us. did blackberry mislead us about its troubles? we know how all week the z 10 and how weak the company is. tweet me at dennis kneale, your turn to weigh in. cheryl: should i give this to you now? for let out the w

after its announcement, blackberry shares on u.s.dian exchange lost one quarter of their value. tom ackerman, al jazerra. >> a small switch. that is all that stood between the u.s. and a major atomic disaster. a declassified government report reveals the u.s. air force nearly detonated an atom bomb over north carolina. the bombs were dropped just three days after president john f. kennedy's inaugural address back in 1961 and it was after a jet exploded in midair. and even though the trigger engaged, one little low voltage switch prevent it had from detonating. the blast would have been 200 times more powerful than here me sheema with fallout as far as new york city. option. that will do it for this edition of the al jazerra news. i am stephanie sy. real money is next and news at the top of every hour and you can find us online at aljazerra.com. thanks for watching. >> house republicans angry about obamacare move the government closer to a shut down. not good news for a fragile economy. plus 11 days until obamacare enrollment kicks of