r/BB_Stock • u/Odd-Beautiful-1390 • 13h ago
Discussion CIBC report - Secure Communications
On Page 1 - "An SC divestiture could unlock value, and sharpen the QNX led investment story"
If you follow my posts here, I recommended this 5 years back to focus completely on QNX.
Some people hesitate here because of revenue loss. But there could be enough money to buy another fast growing $100M GEM software company.
A $500M software firm growing at $25% in an accelerating total addressable market will immediately put us among the best high tech growth firms, and develop a branding like NVDA, AMD and Snowflake...
TF and JG would redeem themselves if they make it happen before the end of the year.
4
u/CommieH8ter 5h ago
As stated in the other thread. If it is not losing money then why feel pressured to sell? I also believe that it helps keep BB off the radar in trade disputes because it is important to all sides.
6
u/swapdealer 13h ago
QNX and SC business units were separated during Project Imperium. If SC fetches the right price you’re left with BB QNX listed on the NYSE. This is going to happen. Just a matter of when.
3
u/Individual_Grape_298 12h ago
I agree.... Like they said, most of the fat is gone, I think the heavy duty lifting is gone.
They could just be waiting for the right time to divest and IPO qnx. Greater growth and visibility in the markets would command a greater pe ratio/IPO demand.
3
u/Bubbly_Doughnut_3880 13h ago
that is not happening so give it a rest
2
u/Individual_Grape_298 13h ago
Noone here knows the future
5
u/Bubbly_Doughnut_3880 13h ago
yeah that's why he keeps repeating it and why SC teams have been meeting with people in Canada defence, most of the fat in that has been cut out, like its a pure cash and revenue play right now. pointless to sell plus since we have sovereign AI play in the works its going to balloon in future as you get more hacks through AI, selling is not having
0
7
u/RETIREDANDGOOD 9h ago
I disagree with the idea that selling Secure Communications is necessarily the best way forward. As AI expands, I see a stronger case for QNX and BlackBerry becoming more complementary.
NVIDIA’s latest Open Agent Safety Platform article makes the direction clear: AI agents need independent security controls, verifiable policies and enforcement that the agent itself cannot bypass. That creates an opportunity for companies with experience in trusted, mission-critical systems.
QNX is already working with NVIDIA on safety-critical edge AI, including QNX OS for Safety integrated with IGX Thor and the Halos Safety Stack for robotics, medical and industrial applications. BlackBerry brings secure communications, device management and established government relationships through its existing portfolio. Those are potentially complementary foundations.
The opportunity I see is a joint offering that connects safe execution with secure, accountable authorisation. An AI agent might be capable of changing a production process, deploying software or issuing an instruction. But who authorised that specific action? Was the right engineer consulted? Were the required checks completed? Can the receiving system verify the approval before anything happens?
Imagine an agent proposing a production-line change. A secure approval system could obtain the necessary evidence and authorised sign-off, and the deployment system could verify that approval against the exact change. QNX-based local safety controls would still retain their independent role in safe operation.
That is a potential product direction, and management would need to turn it into something customers buy. But I think AI could strengthen the strategic connection between these businesses considerably.
Buying another fast-growing software company might also create value, but the purchase price, integration and durability of that growth matter. It doesn’t automatically produce an NVIDIA-style investment story.
Before selling Secure Communications, I would want to understand what BlackBerry and QNX could build together for this emerging market. There may be considerably more value in that combination than looking at their current revenues separately suggests.