• Billionaire Jim Simons Bought 3.3 Million Shares Of BlackBerry Ltd.

    Earlier today news broke that Billionaire Jim Simons invested nearly $36 Million (U.S) in BlackBerry by purchasing 3.3 Million shares of the company. It seems that Simon believes in what BlackBerry CEO John Chen is looking to do, which is establish BlackBerry solidly into the Internet of Things.

    Simons has been quietly backing a new theme out of Silicon Valley called the Internet of Things, or IoT. In essence, the IoT is simply the connection of everyday objects to the Internet. And in recent quarters, he has built huge stakes in companies on the front line of this revolution, such as IBM, F5 Networks and Sierra Wireless.

    "BlackBerry is well positioned to lead this revolution. The firm’s QNX operating system is already counted on to run medical devices, nuclear power plants, and vehicle infotainment systems. No other company can match BlackBerry’s reputation for security.

    So, while most investors are still focused on capturing the 5 billion handsets in the world, BlackBerry is setting its sights on the 500 billion or so other devices that are out there. That presents a giant opportunity for an organization with the experience and track record of QNX."
    Very exciting news indeed. Not only a healthy monetary push for BlackBerry but also further solidifies their commitment to bringing bulletproof security and the Internet Of Things (IOT) together.

    Are you already invested? Should you? Let us know in comments.

    Source: Motley Fool

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