"I think the lack of news [about a buyer] is not all about BlackBerry not being attractive, but about the complexity of today's market and what it takes to be competitive," Milanesi added.
Analysts have said the BlackBerry's services business, which includes the secure network, could be worth up to $4.5 billion alone, while a number of BlackBerry-related patents could be worth up to $3 billion. In addition, BlackBerry has $3 billion in cash and investments.
All those elements combined could make the full company worth up to $10.5 billion, well above BlackBerry's $5.4 billion market value. Financial analysts have said the smartphones have little value to any buyer, and that shutting down that operation could cost $2 billion.
BlackBerry's move to create the special committee marked a formalization of an informal process started more than two years ago to take the company private, analysts noted.
Matt Hamblen covers mobile and wireless, smartphones and other handhelds, and wireless networking for Computerworld. Follow Matt on Twitter at @matthamblen, or subscribe to Matt's RSS feed . His email address is email@example.com.
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