"I don't think you're looking at the titans of B2C tech, and I think it's going to be more likely to be valuable in parts than as a whole," he said.
The possibility that China-based Lenovo could pick up the company would depend on what "iron-clad" assurances it could provide to the Canadian government on security and other issues, Wolff added.
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Apple, he also said, could be introducing three new products next month, a new iPad, a cheaper iPhone and iOS 7.
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"I think iOS7 is the bigger story here," Wolff said. "I think iOS7 is going to signal Apple being innovative again. I think it's going to change the look, and I think Apple, at least temporarily, regains some of its mojo.
"That being said, the long-term trends, the long-term risks from new emerging operating systems and from Google, unfortunately, aren't going anywhere, and they're going to continue to be an issue for the foreseeable future."
— By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.
— CNBC's Patricia Martell contributed research to this report.
Trader disclosure: On Aug. 12, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long GS; Joe Terranova is long MS; Joe Terranova is long VRTS; Joe Terranova is long OXY; Joe Terranova is long TRV; Joe Terranova is long EMC; Joe Terranova is long SJM; Joe Terranova is long TRIP; Joe Terranova is long SBUX; Joe Terranova is long HOS; Joe Terranova is long AXP; Joe Terranova is long PXD; Joe Terranova is long EOG; Joe Terranova is long CXO; Joe Terranova is long LTD; Joe Terranova is long CAT; Josh Brown is long DD; Josh Brown is long VAW; Stephen Weiss is short JCP; Stephen Weiss is long BBRY; Stephen Weiss is long POT; Stephen Weiss is long MOS; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long CSCO; Stephanie Link is long FB; Stephanie Link is long JOY; Stephanie Link is long GPS; Stephanie Link is long VALE; Stephanie Link is long EBAY; Stephanie Link is long FCX; Stephanie Link is long APC.
