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  • Thorsten Heins Speak In Waterloo, Our Takeaway 10 comments
    Jul 10, 2013 1:50 PM | about stocks: BBRY

    Listening to the conference call live from Waterloo Canada for the BlackBerry (BBRY) became more insightful after speaking with an expert on linguistics and how speech varies from country to country. More on this later. First we want to address the current shorts outstanding in BBRY shares and the negative rebate borrow rate-NRBR- because today after the market close, NASDAQ will report short interest numbers for the end of June. We will know very soon how much of the recent selling of BBRY shares stems from shorts adding to their position. As of last week, the NRBR was 11.5% annual. We will have an update in our next article after the short report is published by Nasdaq.

    While listening -we encourage you to listen-to BBRY CEO Thorsten Heins give his presentation, we heard a thumping noise when he had the ever so slight inclination in his voice. He is not an emotional speaker by any stretch of the imagination. However, the thumping seems to be his hand pounding against the podium from which he was speaking.

    (click to enlarge)We are told by Europeans that the hand pounding or thumping is a sign of extreme conviction and therefore must conclude Thorsten meant what he said sincerely. We think its a good start, but he must move much more quickly with regards to transparency. He is too old school and is not embracing the world he himself describes as the connection of all things. From his remarks:

    "...the software update management for automotive facilitates machine-to-machine communication directly between the automaker and the vehicle. It allows the automaker to easily provide software updates to the car and to the client using our infrastructure that is already globally deployed.

    And we're using it today to update millions of BlackBerry out there. We can use this to update every mobile computing endpoints out there, be it a car, be it a smartphone, be it a telemetry element, be it something in healthcare, this is what the network can do. ..."

    But with all do respect, these words are not enough to squelch the critics who accuse BBRY of hiding behind their numbers regarding their rollout. The quote by Winston Churchill, "There is nothing to fear but fear itself" is our message to Thorsten: Be upfront and realtime about sales. Announce them on Twitter or BBM. Make the shorts by a Z or Q10 to get the blow by blow on how sales are doing. Make transparency a marketing tool and not a distraction from what your goals are. We are one of the few SA authors who still believe in BlackBerry. Show the world you are not afraid of the truth.

    Disclosure: I am long BBRY.

    Stocks: BBRY
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Comments (10)
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  • Thanks for the linguistic analysis - that's a very interesting point to pull out!


    I too agree that up to date sales would be an interesting and fantastic move!


    10 Jul 2013, 02:05 PM Reply Like
  • Would be great if Heins would announce QNX revenues as well, though he certainly can make an estimate of what they might be a few years out. Generally, I think he is out of his element in running the company, as I am particularly concerned about his inability to know what is and push good marketing of a totally new product (the BB10) and his choice not to get focus groups involved in helping to develop new products and determine what apps are key for the BB10, but he is generally good at product development.
    10 Jul 2013, 02:23 PM Reply Like
  • Author’s reply » He needs to step up to the moment and be a real element of change, or else the BOD will make a move. Prem will not watch his shares melt away.
    10 Jul 2013, 02:30 PM Reply Like
  • Thanks. Long BB
    10 Jul 2013, 02:30 PM Reply Like
  • Just a nit: Franklin D. Roosevelt, not Churchill, said 'There is nothing to fear but fear itself.'
    (Churchill probably wished he said it.)
    15 Jul 2013, 10:51 AM Reply Like
  • Author’s reply » Touche', he did say this :
    "Men stumble over the truth from time to time, but most pick themselves up and hurry off as if nothing happened."
    15 Jul 2013, 11:02 AM Reply Like
  • Author’s reply » $NIHD hot
    15 Jul 2013, 03:17 PM Reply Like
  • Yes - for example I bought 15000 shares of LEAP and sold 14000 of them a week ago. Sold the remaining 1K at 17.20 this morning. I could kill myself, except that the money I got selling the pre-leap LEAP shares, I used to buy more NIHD. So I hope NIHD redeems me at some point with a 20+ sale. Anyway, picking myself up and hurrying off. Good quote.
    15 Jul 2013, 12:39 PM Reply Like
  • Just want to say, as a person who was there in-person, the thumping was him brushing the mic as he waved his hands in the air. Nothing more.
    15 Jul 2013, 04:36 PM Reply Like
  • Author’s reply » Thank you.
    15 Jul 2013, 04:44 PM Reply Like
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