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Derek M Cameron is an individual investor based in British Columbia on the west coast of Canada. Derek enjoys the mental challenge of investing and, although just starting out in the investing world, he would like to use investing as a tool to gain financial independence.
  • BBRY Z10 Demand Has Been Greatly Exaggerated 3 comments
    Feb 7, 2013 10:22 AM | about stocks: BBRY

    We have all heard the rumors of the BBRY Z10 selling out in the UK and in Canada. I am a Canadian citizen living on the west coast and was there to check out the hype...the line ups, the unruly mobs...wait, what hype?

    I have checked out 4 different carriers in my area since the release of the Z10 on February 5 and none of them have sold out, as a matter of fact demand seems muted. Did you know that some of the most popular wireless carriers in places like downtown Toronto, Vancouver and Calgary were only shipped a very limited supply of Z10's, we're talking 25 to 30 units for the launch day. I believe it was a strategy of BBRY's to have only very limited supply available in order to fabricate a 'sell out' situation.

    Of the 4 stores I visited, one had been shipped a total of 3 units and had sold 1 as of the first day, another had sold 4 units as of today (Feb. 6) and another had not sold any units at all as of today. At one of the stores I visited the sales rep reported to me that the first 2 Z10's they un-boxed were both defective! One had an unresponsive touch screen and another had undisclosed problems with the software.

    Now I did get the chance to play around with the phone for a considerable amount of time and I do have to say that I believe it to be a nice piece of hardware. The keyboard is nice, as has been reported, and the software seemed fine. The display is actually very nice as well. All in all a good device, but the problem is that nothing is outstanding. In all honestly it is not the quantum leap that BBRY needed, but it might just be enough to hang in for a very distant third place.

    Also now we have a rumor of the Samsung Galaxy S4 being unveiled on March 15, 2013. What does this mean for the Z10? I guess we will all know soon enough!

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in BBRY over the next 72 hours.

    Stocks: BBRY
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Comments (3)
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  • Andreas Hopf
    , contributor
    Comments (7887) | Send Message
     
    A substantial amount of Lackberry article commenters automatically, as if Pavlov's dogs, assume that critique of sales estimates or the CEO's capabilities must make the critiquing commenter an AAPL investor. SA forums are full of groupthink http://bit.ly/uJl1Ja verging on the religious. Astonishing, really.
    15 Feb 2013, 07:21 PM Reply Like
  • Mr. Knowitall
    , contributor
    Comments (7424) | Send Message
     
    Thanks for the post DMC, but why--given the tone of your article--would you be going long BBRY in the next 72 hrs?
    15 Feb 2013, 07:31 PM Reply Like
  • Mr. Knowitall
    , contributor
    Comments (7424) | Send Message
     
    wow, DMC, you called it!
    http://seekingalpha.co...
    15 Feb 2013, 07:35 PM Reply Like
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StockTalks

  • Is $TSLA the new $BBRY? Article comments and StockTalks have eerily similar sentiment to the early 2013 $BBRY period.
    Nov 6, 2013
  • Never any reason to be long $BBRY since the day before the launch of the Z10. Hope is not a reason to be long, ever.
    Jun 28, 2013
  • $BBRY Could someone please tell me why a physical keyboard is apparently better for business people? This makes no sense to me. #marketing
    Apr 30, 2013
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