Wednesday was a big news day in the self-driving automobile technology space. A potential Tesla Inc TSLA 1.91% partnership with chipmaker Advanced Micro Devices, Inc. AMD 1% captured most of the headlines.
However, BlackBerry Ltd BBRY also announced its own under-the-radar driverless technology software deal with Delphi Automotive PLC DLPH 0.82%.
While most of the larger auto makers are developing their own autonomous systems, Delphi is working on developing a third-party system it can begin selling to smaller automakers as soon as 2019.
Delphi says BlackBerry’s QNX operating system has just the kind of security standards that the company is looking to include in its driverless system.
Security will be a major concern during the roll-out of driverless automobile software. Cybercriminals could potentially do a lot of damage if they were able to gain control of cars on the highway.
BlackBerry investors are hoping driverless automobile security will play a major role in the company’s rebirth as a digital security company, as BlackBerry continues to distance itself from its legacy smartphone business.
Back in August, Goldman Sachs analyst Gabriela Borges said the market is putting way too much stock in BlackBerry’s auto business. At the time, Goldman estimated BlackBerry’s auto business was valued at a bloated 13 to 17 times revenue, and the firm saw very little near-term growth potential. Borges said…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
