BlackBerry Gets Closer To German Government, We Think $15 Still Reasonable

November 28, 2014 6:25 PM

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BlackBerry Gets Closer To German Government, We Think $15 Still Reasonable

On November 28th, it was reported out of Germany that the German government had approved BlackBerry's (NASDAQ:BBRY) purchase of Secusmart after signing a "no spy" agreement with the company. This is yet another huge governmental vote of confidence to the security features of BlackBerry versus other phone makers. Secusmart is in charge of providing specialty phones to the German government that are secure from eavesdropping. The signing of this document and BlackBerry's subsequent purchase of Secusmart moves the company one step closer to one of the biggest government entities in the world.

It has been a roller coaster couple of weeks for BlackBerry. After impressing at the company's investor day when it announced partnerships with companies like Samsung (OTC:SSNLF) and Salesforce.com (NYSE:CRM), skepticism once again hit the share price.

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