Start the conversation
Shares of Blackberry Ltd. (Nasdaq: BBRY) surged nearly 30% yesterday on news the company is a potential takeover target. However, shares then cratered more than 14% post-market after the firm announced it has not had any discussions with Samsung Electronics Co. (OTC: SSNLF) about a deal. BBRY has been in a large-scale turnaround since its current CEO John Chen took over in 2010. But the company still lags against competitors like Apple Inc. (Nasdaq: AAPL), Samsung, and other Android smartphone producers.