BUZZ-BlackBerry Ltd: Creates new high-growth-assets unit

Mon Aug 18, 2014 1:17pm EDT
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** Canadian smartphone maker's US-listed shares up 1.5 pct at $9.73

** BlackBerry creates new unit to house what many consider to be among its most promising assets - cryptographic applications, its QNX embedded software and Project Ion platform for connecting devices

** "Combining all these assets into a single business unit ... will create operational synergies and new revenue streams, furthering our turnaround strategy," CEO John Chen says

** BGC analyst Colin Gillis says he does not think Chen has shepherded the assets together to prepare it for a sale

** Up to Friday's close, BlackBerry's Nasdaq-listed shares had risen more than 28 pct this year