Following a years-long restructuring effort that included selling 32,000 patents for up to $900 million in 2023, the smartphone pioneer that was once left for dead is showing signs of growth

with that kinda money it could have just sat in the stock market

it made 53 million lololol

[–] ProudCanadianCitizen@lemmy.ca 5 points 1 month ago (1 children)

With that kind of patent portfolio they could have survived and prospered on licensing fees alone. A pure Friedman company - all income and almost no expenditure, almost pure profit margin. Can't get more Friedman than that.

[–] baines@lemmy.cafe 1 points 1 month ago (1 children)

yep, for them to have made 900mil means it was likely worth so much more

like selling a discogrophy

something kinda fishy

maybe china spooked them

[–] ProudCanadianCitizen@lemmy.ca 1 points 1 month ago (1 children)

The patents were probably beyond their best before date.

[–] No_Maines_Land@lemmy.ca 1 points 1 month ago (2 children)

What's rhe value proposition of sitting in the stock market?

[–] ProudCanadianCitizen@lemmy.ca 1 points 1 month ago (1 children)

Pure Friedman - all income, minimal expenditure - absolute highest profit margin. That was the direction a lot of big American companies took - close down and sell off manufacturing (minimize expenditures), make the profit on portfolios and licensing (maximize income).

[–] No_Maines_Land@lemmy.ca 1 points 1 month ago (1 children)

That's not the direction RIM/BB has taken through it's history.

I mean, it did try outsourcing manufacturing, but as a reactionary and emergency measure, rather than planned one.

[–] ProudCanadianCitizen@lemmy.ca 1 points 1 month ago

RIM/BB was a pure Canadian company. We do things differently up here. If RIM/BB had been sold, it would have been purchased for the patent portfolio, not the manufacturing capability. That is what pretty much happened to Northern Telecom/Nortel assets in the end liquidation.

[–] baines@lemmy.cafe 1 points 1 month ago* (last edited 1 month ago) (1 children)

more than 53 mil from over 900 mil

with enough money 10% is easily safely assured dividends, bonds etc

with the current stupid market 30% would have been pretty easy 3year, my return’s been over 20% with rather conservative target retirement and some large cap

hell 2026 was the first year of profit so two years were not so 53mil profit is like 2% rolling

you can make that in a savings account and spread out that is fdic insured

[–] No_Maines_Land@lemmy.ca 1 points 1 month ago (2 children)

Yes, but that doesn't provide any products or services to anybody.

[–] baines@lemmy.cafe 1 points 1 month ago* (last edited 1 month ago)

don’t get me wrong i hate the stock market and its vibes and capitalism can eat a dick

my issue was with this obvious hype piece claiming bb is doing well

the market share sounds impressive but it had capitol falling out if its ears and until its numbers are consistent and better i’m sure as shit not investing money in them

[–] ProudCanadianCitizen@lemmy.ca 1 points 1 month ago

Pure Friedman - the goal is not to provide product or services, the goal is to maximize profit. The financialization of business.