Canadian technology firm BlackBerry (BB) is undertaking a strategic review of its business.
The Waterloo, Ontario-based company says options being considered include the separation of one or more of its operations.
The review aims to identify and evaluate opportunities to enhance shareholder value, according to the company.
BlackBerry added that its board of directors has not set a deadline for completing the strategic review, and that there is no guarantee the process will result in any changes.
BlackBerry signed an agreement in March of this year to sell a portfolio of its non-core patents to Malikie Innovations for $900 million U.S.
That sale includes 32,000 patents and applications relating primarily to mobile devices, messaging, and wireless networking – areas that BlackBerry has largely exited.
Founded in 1984 and originally known as Research In Motion, BlackBerry has repositioned itself in recent years from a smartphone maker to a software company specializing in cybersecurity.
BlackBerry’s stock has declined 30% in the past 12 months to trade at $5.26 per share. Over the last five years, the company’s share price has fallen 62%.
