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Blackberry shares rise on news of 'vote of confidence' from US Department of Defense
9% hike represents the biggest one day gain in three years at Blackberry
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BlackBerry shares rose more than nine per cent on Monday, after the smartphone company received a vote of confidence from the U.S. Department of Defense.

The government agency says about 80,000 BlackBerrys will be deployed on its new mobile device management system by the end of this month.

The number represents about 98 per cent of the initial haul of devices, which includes another 1,800 other devices like Apple's iPad, iPhone and tablets and phones on the Android operating system.

The disclosure last week also shows the U.S. government still considers the Waterloo, Ont.-based company part of its stringent security infrastructure.

Shares of BlackBerry were ahead 90 cents to $10.88 in the afternoon, after rising to as high as $11.70 earlier in the session. U.S. markets were closed in observance of Martin Luther King Day.

Both Google and Apple have dedicated more time to growing their position with government agencies and corporations with their own enterprise software.

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BlackBerry shares rose more than nine per cent on Monday, after the smartphone company received a vote of confidence from the U.S. Department of Defense.

The government agency says about 80,000 BlackBerrys will be deployed on its new mobile device management system by the end of this month.

The number represents about 98 per cent of the initial haul of devices, which includes another 1,800 other devices like Apple's iPad, iPhone and tablets and phones on the Android operating system.

The disclosure last week also shows the U.S. government still considers the Waterloo, Ont.-based company part of its stringent security infrastructure.

Shares of BlackBerry were ahead 90 cents to $10.88 in the afternoon, after rising to as high as $11.70 earlier in the session. U.S. markets were closed in observance of Martin Luther King Day.

Both Google and Apple have dedicated more time to growing their position with government agencies and corporations with their own enterprise software.

Leave a comment:

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