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BlackBerry's (BBRY -0.4%) slumping stock price could pressure its board to review its options, a...

BlackBerry's (BBRY -0.4%) slumping stock price could pressure its board to review its options, a source close to the company tells Reuters. The news service notes BlackBerry investors upset over the company's FQ1 miss are likely to question management about its strategy at Tuesday's annual meeting. Last year, Bloomberg reported IBM informally approached BlackBerry about acquiring its network operations centers (NOCs), and Reuters reported Jim Balsillie resigned after failing to get BlackBerry to sell access to its NOCs for use with iOS/Android data plans.
Comments (25)
  • usajordi
    , contributor
    Comments (207) | Send Message
     
    July 9th can be a very special day for BBRY lovers a and shareholders.
    Let's hope for the best!
    The game is not over yet!
    BBRY is not broken and is not asking for special protections at all!
    The company should address this issues immediately:
    Calling Top Management, Vice Presidents, Directors, Managers and everybody affected to discuss immediately all issues and the biggest problems
    that BBRY is facing and have the strong willingness to attack them immediately, with no sacred cows or untouchables.
    Adjust all personnel as needed only, cuts where can be done but increase the area of customer service!
    Top goal is to deliver profits to the shareholders urgently!
    Is survival and finding the road to prosperity, or Chapter 11 down the road if BBRY continues piling losses and not reacting to reality!
    Calling AK to discuss her moving out but maybe been able to contribute to future AD campaigns.
    Getting the new absolutely the Best Marketing and PR team on board ASAP.
    Collecting over One Billion Dollars every month there is no reason to deliver losses and less to think that the game is over.
    Maybe some people should not be at BBRY any more. Start with the attitude that BBRY is in big trouble and that is needed a Great Plan to fix the problems in a period of lets say 6 months. (remember Marshall Plan in Europe)
    The goal is reduce overall expenses an average of 10 per cent, to be obtained during one year time step by step.
    Put in place the cost cutting plan urgently and give it to all participants and managers!
    Tell every manager to report on a weekly basis the progress done and advise them to either deliver or open their position for somebody else that will do it!
    Renegotiate with the suppliers your current contracts and tell them that BBRY need a 10 per cent total progressive reduction on your total cost in a time frame that one year but asking them to do it in 4 parts 2,5 immediately and the same every other quarter.
    Tell them to find the ways to do it. For survival sharing pains and sacrifice together or lose the client soon!
    Telling the managers that you need to cut all costs 10 per cent or more immediately across the board inn all expenses and to find the areas that can be done now and get also some savings on the must difficult ones.
    BBRY people now should travel coach in flights up to three hours. Nobody will stay in more than 4 Star Hotels, and BBRY should negotiate the best deals with Airlines, Hotels and Car rentals
    No Resorts and Spas travel paid to anybody and no more Grandeur Parties, including top Management.
    Target and sell all Fix Assets and properties that are not needed and manage cash always as you were spending your last Dollar!
    BBRY should prepare an offer with incentives to workers and managers if success is achieved, some nice stock options.
    From now on BBRY should be the company with the best Customer and User support team, aim to be the very best, all calls answered life, no waiting. If there are delays, a voice should tell Clients how much time they should wait. You should make every customer extremely happy to deal with BBRY. No savings in that service should be paramount!
    You have to solve existing problems and find the way to deliver connectivity to BB10 to your PlayBook as BBRY will never let their customers down, not anymore! Put a time frame there or give the PlayBook customers opportunities to be very happy. I an sure you will find the right ways even if you have to give them a phone of their choice in exchange. BBRY does not leave promises unfulfilled ever!
    BBRY should get some additional advice from their top customers and consider all suggestions in this new time plan!
    Regarding Venezuela, BBRY gets the get help of the right lawyers there. I am sure that the 80 Million Dollars are not lost and could be recovered even if it takes some time. There are ways to work with the government and CAVIDI normally finally authorizes the payments with delays maybe up to one year, but ultimately they will pay! And finally you can't deliver any losses next quarter. Aim at least to 100 MIllion Dollars profit. Do what you have to do to make it happen, and have a great turnaround story at next Earnings Call! F..k the shorts, the bears and pessimists!
    BBRY lost one battle but not the war!
    I Got burned very badly with BBRY, I blame TH and the CFO as they were not by far at the level needed for the Earnings Call. I strongly urge TH to stay away of this calls and send the best communicators and knowledgeable people that they have in the future, as you can't make mistakes anymore talking to some of the sharpest people in the world.
    TH sorry to say it, but you get one of the worst day of your career. Accept the reality!
    Maybe is time for you to move over to CTO and leave your position open for the best person available!
    I hope you learn from your mistakes. There is still time to heal but if you don't listen your reign at BBRY will be soon over.
    Is hard to believe that with persons like Prem Watsa as a Director this mistakes were allowed to happen.
    Some people question if he was one of top short sellers with his friends and related companies. He should come forward on this issues!
    I hope July 9th is the day that make people that love BBRY a little happy!
    Last one! Manage the company as if was in Chapter Eleven. Same concept zero BS and straight shooting to all your goals. No considerations to anybody is to Win or Lose the war! The sun will shine again at BBRY! I really hope I am right!
    Sincerely
    I had been one of the best fans of BBRY!
    Good luck!
    5 Jul 2013, 02:23 PM Reply Like
  • Ben Learner
    , contributor
    Comments (211) | Send Message
     
    Jordi,
    Chill out dude. You can not run BlackBerry.
    All I know about stocks is that they can only go in three directions, and that everything that goes one way tends to correct in the opposite direction. Try to judge which way it is going and where to it is likely to correct.
    Be well and be patient.
    5 Jul 2013, 07:55 PM Reply Like
  • Tobias Schmitz
    , contributor
    Comments (469) | Send Message
     
    The agenda on Tuesday should consist out of five words only:

     

    Keep calm and carry on.
    5 Jul 2013, 09:39 PM Reply Like
  • Zack 800
    , contributor
    Comments (1180) | Send Message
     
    You only lose if you sell...hang in there! We hope for better times ahead; just need to be patient.

     

    Remember, the next quarter is not looking so great. We will have to believe in the guidance from TH and not trust the analysts who messed things up so terribly this time.

     

    Long BB
    6 Jul 2013, 02:07 AM Reply Like
  • kuzzik
    , contributor
    Comments (89) | Send Message
     
    Haahahahah
    5 Jul 2013, 02:33 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    Heads are going to be rolling. Does TH call in sick the day of the meeting???

     

    -Cheers!
    5 Jul 2013, 02:36 PM Reply Like
  • Frank Siedler
    , contributor
    Comments (937) | Send Message
     
    BlackBerry 10 is great! And much better all touch phones like the A10 are released. Let BlackBerry do their work and anything will do! I can't hear it any more! Perhaps you are thinking about it, we are in a turnaround process, and it's running not bad! Well, perhaps the Z10 is not the phone, which makes everyone happy, but we have the Q10, which is a great phone (it's on the 3 place in the connect test in Europe!) and soon the A10 is coming which I think will be a smartphone which is better than the plastic Galaxy S4! BlackBerry is working fast on its OS and also fast on new phones! They work hard, so let them do their work, the success will come!
    5 Jul 2013, 02:44 PM Reply Like
  • Z10isgreat
    , contributor
    Comments (281) | Send Message
     
    Why should he? He was awfully close to his own guidance and can't control what speculators pretend the results might be. I predict Goldman Sachse will exceed their guidance by 100% and if I am wrong I demand the CEO resign or be fired for incompetence!
    5 Jul 2013, 02:44 PM Reply Like
  • Frank Siedler
    , contributor
    Comments (937) | Send Message
     
    Yes, all these people who know it better should do his work, they would run away and put their heads into the sand!
    5 Jul 2013, 02:48 PM Reply Like
  • cfezziwig
    , contributor
    Comments (436) | Send Message
     
    Agreed, BB guidance was in line with results. The media loves to pile on and kick them when they're down though.
    7 Jul 2013, 07:49 PM Reply Like
  • Tobias Schmitz
    , contributor
    Comments (469) | Send Message
     
    Give or take a little, BBRY is exactly were the management predicted it to be. The managements goal for Q1 was break even, deduct 72 million due to currency restrictions in Venezuela, and that's pretty much what the results turned out to be.
    To me, that signals they know what they are doing. Nobody really expected BB10 and BES10 to be an instant success, so give it time.

     

    Right now BBRY doesn't need the uncertainty of a management change.
    On a ship in a storm the last thing you do is arguing about who is captain.
    5 Jul 2013, 02:53 PM Reply Like
  • vijitc
    , contributor
    Comments (99) | Send Message
     
    @TS Nelson. Agreed. What part of "approach break even" do people not understand? Approach implies they were still expecting a loss. Phone sales expectations and estimates were set by the analysts, not blackberry.
    6 Jul 2013, 02:40 AM Reply Like
  • Frank Siedler
    , contributor
    Comments (937) | Send Message
     
    Long BBRY! You hit the nail!
    5 Jul 2013, 03:30 PM Reply Like
  • Nick Shadow
    , contributor
    Comments (211) | Send Message
     
    Z10ISGREAT,

     

    I agree completely with your assessment, it wasn't the quarter, but how it was handled.

     

    I will go further though, I think Thor's biggest shortcoming is public speaking and handling the collective PR works, earnings calls, interviews , etc.

     

    Lastly, he should not MC product launches,shows, etc. I know it is part of the gig, but damn, he is just not good at it. When he is up there I actually feel a bit sorry for him, like a stand-up comic who has lost the audience.

     

    Nick
    5 Jul 2013, 04:27 PM Reply Like
  • cereal
    , contributor
    Comments (968) | Send Message
     
    Nick Shadow, you will regret threatening the mighty Thor with such puny japery.
    5 Jul 2013, 06:00 PM Reply Like
  • BB10investor
    , contributor
    Comment (1) | Send Message
     
    since BB management is listening to the interests of investors something that really needs to change for this to remain a viable option to more potential buyers, is denying pre market trading on the dates of earning calls being released i'm sure that i'm not the only frustrated Canadian that is outraged by american markets predetermining a Canadian companies worth during vital valuation time. if there's going to be a sell off let it happen simultaneously and organically. short manipulation is inevitable but at least give us a fighting chance.
    5 Jul 2013, 04:46 PM Reply Like
  • Slickyboy
    , contributor
    Comments (50) | Send Message
     
    Leave TH in place but hire a new front man/woman. Someone who actually has a pulse during product launches and earning releases. Someone who can connect more closely with analysts to ensure they have a better understanding of what is taking place with the company. That will remove much of the speculation!
    5 Jul 2013, 07:25 PM Reply Like
  • marktuthdr2
    , contributor
    Comments (103) | Send Message
     
    Make sure they're a straight shooter though, like TH, just with more charisma possibly. TH is cool, he knows his stuff, keep him as captain, as that is what has turned the ship around, away from the rocky shoals. They're gaining ground, and it's a long race, so yes, let's be patient. As many have said on here, we'll know a lot more at the next earnings call, in September or so. That will be the key time.
    5 Jul 2013, 11:37 PM Reply Like
  • Mathodman
    , contributor
    Comments (62) | Send Message
     
    Someone said Thor should be the COO, not the CEO. It's a valid point.
    5 Jul 2013, 09:30 PM Reply Like
  • alext1379
    , contributor
    Comments (709) | Send Message
     
    Thor deserves atleast another quarter to show he can put BB in the black and do it consistently. Hell, Samsung can't even meet its own targets for the S4 and they've got a $12 billion marketing budget and free government money.

     

    I'm not so much concerned with BB7 numbers as I am how they are going to go about getting enterpriseon board with the BES fees. I'll take a million iPhones running on BES over $50K BB10 devices sold. It'll be easier to get revenue from BES than it will be to get HW converts from Apple and Android fanboys.
    5 Jul 2013, 11:15 PM Reply Like
  • lovetobbq
    , contributor
    Comments (107) | Send Message
     
    Am I the only one who likes Thor's presentation style. Don't get me wrong, I'm long and got burned, but still, I find the man charismatic, especially considering he's speaking in a foreign (for him) language. Still bummed he's not updating PlayBook.
    6 Jul 2013, 02:08 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    Blackberry should maintain the course they set out for them selves. When they announced their road map everyone or mostly everyone gave them kudos, and making comments like they are definitely doing the right things to turn things around etc. So now because the market manipulators deemed that their last quarter was a fail, everyone is jumping all over them saying, TH should be fired, and they need to come up with a new strategy etc. Wrong, now is not the time to suddenly drop every thing they were doing and change course. that is exactly what the doomsayers want. They want to say that Blackberry is running around putting out fires, and are in total dissaray, and that they are definitely doomed, so they can continue to short the stock. For sure they had some problems, and these need to be addressed, but they definitely don't need to throw out the baby with the bath water. The next shareholders meeting they will address the problems, and then after that they should continue to release new products as they said they would. They also need to do some convincing marketing, and they need to tell their carriers to stop telling customers not to buy Blackberry products and do a good job promoting Blackberry products. After all it is in the carriers best interests to have 3 or 4 strong competitors in the market. It also helps them have more leverage with the big 2 smartphone makers. If the next quarter is much better then that's good news. If they fail then at least they gave it a good try. But i don't think your going to see a dramatic improvement until the end of the year when all their products are launched. As for the people that say by then the Z10 ad Q10 will be obsolete, not true, BB10 platform is very versatile and solid. They can add new features which will improve the performance. After all isn't that what apple does, they release a new phone every six months that's basically the same phone with some gimmicks added in for interest. Why because their OS has reached the end of its life span i.e. its obsolete, after 6 years. So basically what i'm saying why do so many people want Blackberry to fail, they updated their OS and now Apple and Samsung are in the midst of doing that. (wait and see what happens to their apps when they switch to a new OS) So now Blackberry has the advantage of having a a brand new OS which will be good for at least 10 years before it needs to be revamped. They also have a growing app catalog, by the end of the year they will have all the major apps available.
    6 Jul 2013, 02:12 AM Reply Like
  • the dutchman
    , contributor
    Comment (1) | Send Message
     
    You have to solve existing problems and find the way to deliver connectivity to BB10 to your PlayBook as BBRY will never let their customers down, not anymore! Put a time frame there or give the PlayBook customers opportunities to be very happy.
    6 Jul 2013, 12:07 PM Reply Like
  • ATInsider
    , contributor
    Comments (424) | Send Message
     
    Where are the regulators to stop this game of manipulation?
    7 Jul 2013, 02:56 AM Reply Like
  • vantech
    , contributor
    Comments (20) | Send Message
     
    If the response was truly from Blackberry Management, I
    shall be supportive 100%. Currently, I show a 38% loss
    and cautiously confident that Blackberry can turn things
    around.

     

    Security seems to be the linchpin amongst and for cell phone
    users to help avoid fraud. It's a differentiating benefit that is
    especially more important during these 'hacking' times. Promote
    the heck out of it and show what can happen without it.

     

    In media advertising we need someone like another cell phone
    provider had in Catherine Zeta Jones. "Pull out all the stops"
    to get better recognition & attention from the cell phone buyers. Whatever you are doing now just is not effective enough.
    (Kate Upton?)... vantech7@gmail.com Scottsdale Az 85262
    7 Jul 2013, 02:57 AM Reply Like
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