Silver Lake boss: We won't buy BlackBerry
Silver Lake Partners won't be BlackBerry's savior.
Mike Bingle, managing partner of Silver Lake, a tech investment firm with more than $20 billion in assets, said Friday he was not interested in buying the struggling technology company, in response to a question at the Dow Jones Private Equity Analyst Conference in New York.
"I don't have anything magical to say about that situation," Bingle said. "We think they have a lot of intellectual property and hopefully the value will work out from that."
BlackBerry reported a nearly $1 billion quarterly loss on Friday, days after accepting its largest shareholder's Fairfax Financial, a Canadian insurance company, tentative $4.7 billion bid to take it private.
(Read more: BlackBerry posts deep loss, revenue drop)
"It's going to be great to get these guys off the 90-day treadmill and back on offense," Bingle said. "It's a market leading company that produces tons of cash and has many, many different businesses and leverage to pull. ... It's going to be a great investment."
Bingle also commented on Microsoft, which Silver Lake sold Skype to in 2011.
"I think they'll get their growth back," Bingle said. "It's still one of the most important companies in our world. They have tremendous resources and reach."
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Bingle said Microsoft needs to find a way to put all its communications assets together so the "whole is greater than the sum of the pieces without stifling or choking off all the good things that are happening at the product level for the things they acquired."
"The railroads didn't become the airlines—everyone misses opportunities in new markets," added Bingle. "I think they've got a lot of levers within Microsoft to pull to continue to do very well and do great business."
—By CNBC's Lawrence Delevingne. Follow him on Twitter @ldelevingne.