27/09/2013 World Business Report

accounts. Those are the latest headlines. It is time for the money

BlackBerry make confirm it lost billion in the last three months, as

fears grow about the company 's survival. Is Britain cheating at

games? Brussels and London square off over tax breaks to the computer

entertainment industry. This is World Business Report. In just a

announced its biggest shareholder of the road for the BlackBerry?

announced its biggest shareholder had thrown it a lifeline, with a

$4.7 billion takeover offer. There are now fears that the deal will not

actually go through, or even if are now fears that the deal will not

does, that BlackBerry stays as a phone maker are numbered. —— days.

It releases results from the last caught in just a few hours. It has

already warned that losses could be almost $1 billion to the end of

fanfare. Piles of unsold smartphones almost $1 billion to the end of

have resulted in a hefty loss of almost $1 billion this quarter.

After announcing another round of hefty job cuts, it has at least

shareholder, Fairfax financial, hefty job cuts, it has at least

Investors seem sceptical, with blackberries and shares falling

below the offer price. This week, the business partners have begun to

deserted. T Mobile says it will the business partners have begun to

longer stock BlackBerry handsets. BlackBerry has a collection of

valuable patents that is attractive to the buyer. There is a risk that

BlackBerry may just be stripped to the buyer. There is a risk that

assets, and the iconic handsets could disappear from stores for

ever. With me now is a rentable technology analyst. Thank you for

joining us. How would you describe the future of BlackBerry? I would go

so far as to say it is doomed. It is a difficult time for the company,

with massive mounting losses, a commissioning market share, ——

diminishing market share, and mobile phone networks are dropping the

way forward for them. Let us talk platform. It is difficult to see a

way forward for them. Let us talk about the lifeline that was thrown

will lead us consortium and by the about the lifeline that was thrown

will lead us consortium and by the it is good news for shareholders. It

looks as if there is an opportunity it is good news for shareholders. It

tried to run the company already Whether Fairfax is interested in

acid —— asset stripping exercise. seen. It looks much more like an

acid —— asset stripping exercise. Perhaps they will hive off the

smartphone Manufacturing suffered a business, or even shut it down.

It is looking likely that we will Manufacturing side of the business.

It is looking likely that we will not see black area handsets. What is

more likely is that we see other pet running BlackBerry software. You

talked about the portfolio, that that that is what Fairfax is after.

Reminders of some of the powerful patents that the BlackBerry owns.

They are in some basic of colleges. They are in patents about replacing

keyboards on mobile devices, they are in strong patents around that.

They own patents on navigation buttons around phones, the ability

to move forwards and backwards throughout applications. These are

intrinsic things we are seeing built into all smartphones. The revenue

loss that —— generate a lot of revenue. What about business is

continuing to use BlackBerry in revenue. What about business is

future? Due to the Hyatt security values of the BlackBerry, —— Hyatt

security values. —— high security values. No service was going to

devices for several days. During particularly Apple —— Manufacturer

have to keep because I on this as the share value keeps falling. Many

thanks for your analysis. Let us stay with the world of technology. A

row is brewing between Brussels stay with the world of technology. A

the UK over the multibillion—dollar European commission is investigating

rest of the UK. Here I am, at the ace —— attack scheme. It is worried

rest of the UK. Here I am, at the Euro game expo, 2030 —— 2013. It is

a fantasy for gaming lovers to come to London to try out the newest

a fantasy for gaming lovers to come the best video games, like this

a fantasy for gaming lovers to come marble game, developed in the UK,

for the very first time. Just into Christmas will stop with 33 million

people playing videogames in the UK, it is a serious business. Big

names are designed and produced here. Grand theft auto five smashed

records to notch up $1 billion in sales in just three days. Gaming

insiders and government alike worry that the chances of replicating

jeopardised. This is largely due to a row brewing during the UK and

Europe, over whether to allow tax breaks for the gaming industry here.

The European commission says such commission —— concessions could

distort cognition. I do not want to decision will be. I believe we put

committed in Britain to having it, because we believe that games are an

important cultural product, we believe they need support just as

Bill Gates support, just as TV get support, animation get support ——

film gets support. We need that support in order to maintain these

important cultural programmes. Newcomers to the British gaming

industry like the designers of this Newcomers to the British gaming

industry like the designers of this surgery simulation game leave the

years, we lost an edge for games surgery simulation game leave the

years, we lost an edge for games introduced tax breaks many years

key talent from this country, to ago. They attracted many —— a lot of

key talent from this country, to overseas. This tax break is very

necessary for the UK, and as a overseas. This tax break is very

necessary for the UK, and as a whole, for the European Union, to be

able to retain, and mediaeval —— even get to the talent back. It

able to retain, and mediaeval —— view shared by gaming veterans,

the industry is increasing cultural believe the tax breaks would reflect

the industry is increasing cultural misunderstood. Film has always had

support, more recently, high—end TV and animation. It seems to be a

misunderstanding about what the Clearly, you consider cultural

transport, smartphones, everyone is playing games. It is mass market. ——

clearly has context and relevance. We must prove that. For those who

can tether themselves away from We must prove that. For those who

computer screens, it is all eyes on Brussels. Other news. The boss of

JPMorgan Jamie Dimon has met with the US Attorney General to try and

find a settlement over its role reports suggest the bank could make

a pay—out were the $11 billion. reports suggest the bank could make

would be the latest legal blow for the investment bank, which pick

would be the latest legal blow for fines of almost $1 billion last

would be the latest legal blow for for failing to stop the London whale

trading scandal. British consumers are at their most confident in six

research company JFK. The report years, that is according to market

research company JFK. The report comes after date on Thursday showed

fastest pace in three years in the second quarter. They say rising

confidence is good news for the second quarter. They say rising

government. They want if it is not recovery is real, or will prove

government. They want if it is not be a credit fuelled bubble. Time to

look to see how markets in Asia be a credit fuelled bubble. Time to

stock has lowered, despite the getting on stop in Tokyo, we can see

stock has lowered, despite the positive lead from Wall Street,