Research In Motion Ltd (BBRY)’s ‘Secret’ $1 Billion Deal With The Chinese: Is There Any Truth To The Rumor?

Hong Kong (CCTV) Apr. 5/2013,

The Chinese Bureau of Economic and Cultural Development has signed an intent to purchase 2 million Blackberry Q10 handsets according to filials with FYD Enterprises in Macau.

FYD (Fugyudum) Enterprises owns and operates a chain of for-profit educational faculties in nearby Guangdong and Yudumtu provinces as part of the mainland government’s recent econonomic liberalization initiatives in specified zones within these 2 provinces.

A source close to the company says the Q10’s will be distributed to the Faculties of Mobile Hacking and Cyber Warfare.

VIA: STOCKHOUSE

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DISCLOSURE: I own no positions in any stock mentioned.

Note: This update was written by Jake Mann, who owns no positions in any of the stocks mentioned in the article. The original article was written by David Woodburn, who also owns no positions in any of the stocks mentioned in the article.