BlackBerry (BBRY -3.8%) slumps following the WSJ's report about additional layoffs, and another...


BlackBerry (BBRY -3.8%) slumps following the WSJ's report about additional layoffs, and another bearish note from Pac Crest's James Faucette (previous). Faucette says checks indicate first-week U.K. sales of the mid-range Q5 may have only amounted to 10K-15K, well below the ~50K estimated for the Z10. U.K. carriers Orange and T-Mobile began taking Q5 pre-orders four weeks ago.

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Comments (24)
  • pvshah6542
    , contributor
    Comments (84) | Send Message
     
    Lower the price of Q5 and u shall see better sales Mr. Heins!!
    10 Jul 2013, 11:43 AM Reply Like
  • cereal
    , contributor
    Comments (1509) | Send Message
     
    It'll be hard to make a sale when stores stop carrying BBs on their shelves.
    10 Jul 2013, 05:27 PM Reply Like
  • john001
    , contributor
    Comments (1055) | Send Message
     
    This latest sales comment looks like Deja vu all over again.
    10 Jul 2013, 11:46 AM Reply Like
  • Deja Vu
    , contributor
    Comments (1722) | Send Message
     
    Stop insulting me :-)
    10 Jul 2013, 02:37 PM Reply Like
  • ying778
    , contributor
    Comments (66) | Send Message
     
    Bearish note from Pac Crest on BBRY? Say it ain't so. Faucette has claimed BB10 was DOA in Nov, and also claimed returns of Z10s were higher than sales earlier this year (how is that possible)? Unfortunately this feeds the bears.

     

    It'd certainly be nice if someone at BBRY would stand up and defend themselves, a little Elon Musk charisma would do BBRY some good...
    10 Jul 2013, 11:51 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (6299) | Send Message
     
    I don't know, but the UK and Europe is in a recession. If people already have a smartphone, who would shell out another $300 to buy a new one? And the data plans are not cheap either. Maybe they want a (BBRY) phone but since they already have a smartphone, they will wait till it dies or the contract ends.

     

    But just sold my small (BBRY) stake. Could be a mistake, but I am betting (YRCW) will do better in the next month while (BBRY) stays flat. I will have another round of money to invest in a month or so, so then I could rebuy (BBRY) if the price is still attractive. Wanted to keep (BBRY), but also wanted to buy (YRCW) and didn't have the cash. Major expenses coming up.
    10 Jul 2013, 12:01 PM Reply Like
  • Frank Siedler
    , contributor
    Comments (942) | Send Message
     
    http://bit.ly/15ff4uk
    http://bit.ly/1diMlYF

     

    Very interesting!
    10 Jul 2013, 12:07 PM Reply Like
  • Ben Learner
    , contributor
    Comments (211) | Send Message
     
    @frank siedler

     

    indeed...

     

    Considerable resources are required to spew what tantamounts to libel from so many different angles...
    10 Jul 2013, 03:15 PM Reply Like
  • cn_habs
    , contributor
    Comments (476) | Send Message
     
    I wish I had sold my shares prior to the June 28th earnings. There's one way BBRY is heading towards....downwards.
    10 Jul 2013, 12:18 PM Reply Like
  • alext1379
    , contributor
    Comments (731) | Send Message
     
    lol, James, buddy! Where you been? Shouldn't you have saved your "research" for when BB starts to climb?

     

    "Checks", I'm sure they were completely unbiased and weren't conducted at the Apple store.
    10 Jul 2013, 12:27 PM Reply Like
  • vbbv
    , contributor
    Comments (129) | Send Message
     
    Its ALL OVER. Repeat after me.
    10 Jul 2013, 12:30 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (14576) | Send Message
     
    BBRY will win the race...

     

    ...to the bottom.
    10 Jul 2013, 03:03 PM Reply Like
  • Ben Learner
    , contributor
    Comments (211) | Send Message
     
    Hi system,

     

    Do you have your cash ready for when that happens? This will not last very long. I think you know that.
    10 Jul 2013, 03:26 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (14576) | Send Message
     
    Once the incapable CEO is ousted (I warned of him already in December) and enough personnel has been laid off so as to ready the company to be filleted and sold to well managed partners or private equity firms - when that happens BBRY could be a good trading vehicle.

     

    Though I still believe HPQ or LNVGY (maybe even LGLD or SNE) could buy and monetise the better assets of BBRY fairly well, for example the IP portfolio or real-time encryption algorithms, etc.

     

    If, for example, HPQ re-enters mobile device space (they are betting on Chrome OS/Android), they could do well having one keyboard'ed and one touchscreen'ed high-end business device in their enterprise offering.

     

    QNX, which only brings in ~$40 annually, could probably be offloaded reasonably well to a global automotive electronics supplier.
    10 Jul 2013, 05:31 PM Reply Like
  • Frank Siedler
    , contributor
    Comments (942) | Send Message
     
    It's not all over... Android is a spy software and now is BlackBerry's turn!

     

    http://bit.ly/15ff4uk
    http://bit.ly/1diMlYF
    10 Jul 2013, 12:39 PM Reply Like
  • jaych79
    , contributor
    Comments (509) | Send Message
     
    @ying "Faucette has claimed BB10 was DOA in Nov, and also claimed returns of Z10s were higher than sales earlier this year (how is that possible)?"

     

    Wasn't that Detwiler that claimed the returns were higher than sales?
    10 Jul 2013, 01:53 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    I don't doubt that the first week sales of the Q5 in the UK are estimated between 10,000 and 15,000. I think the price is too high for this level of phone. If these puppies aren't selling that well in the UK than the idea to sell a large amount of them in the emerging markets is farfetched due to the price level. This level of phone is very important for Blackberry to sell in order to make everything they're trying to do click for them. This level of phone can bring back recognition for the company if priced right.

     

    -Cheers!
    10 Jul 2013, 02:26 PM Reply Like
  • Ben Learner
    , contributor
    Comments (211) | Send Message
     
    BlackBerry needs to strive to improve its presence where the puck is (USA), while expanding where the puck is going to be: Asia.
    10 Jul 2013, 03:19 PM Reply Like
  • alext1379
    , contributor
    Comments (731) | Send Message
     
    Normally I don't give James whatshisface the time of day but his latest propaganda really irks me. Its blatent lying and Thor needs to grow a pair and go after him or his company (who will fire his ass if they suffer damages in the millions and litigation costs).
    What happened to protecting shareholder value when 1 manipulator can destroy billions in value without fear of reprisals? I'd be happy if BB spent 100 million shedding light and the industry's focus on stock manipulation. The US is supposed to be a capitalist system and I'm sure the public and small investors would be pissed off if they knew how prevailent this kind of crap is allowed.

     

    http://bit.ly/16s1Fyg
    http://yhoo.it/11DsDXA

     

    "Faucette also said U.K. retailer Phones 4U has sent back their stock of Blackberry Z10 phones from "as many as a third" of its locations and doesn't plan to stock it any longer."

     

    Every time BlackBerry gets back on its feet, these analysts are allowed to make up news and tank the stock again.

     

    The media really needs to abolish this "anonymous sources" BS and force some credibility in reporting.
    10 Jul 2013, 06:28 PM Reply Like
  • alext1379
    , contributor
    Comments (731) | Send Message
     
    As an aside, I checked out this Pac-Crest's website and for a supposedly legit firm, their website looks like a 12yo put it together using a free template. Just an observation.

     

    http://bit.ly/16s7uvP

     

    8m in revenue is hardly impressive considering they offer trading on top of their "make up the news" services. I know of small town real estate companies that bring in more money with a quarter of the employees.
    10 Jul 2013, 06:57 PM Reply Like
  • ELLAS
    , contributor
    Comments (2668) | Send Message
     
    More nonsense from a company that's trying to destroy IMO BlackBerry and share holder value. Complete rubbish.
    10 Jul 2013, 09:21 PM Reply Like
  • arcady
    , contributor
    Comments (110) | Send Message
     
    There certainly seems to be a concerted effort to undermine BBRY from every conceivable angle...here is just another example:
    http://bit.ly/10Ob18Q

     

    Death Watch? What kind of trash talk is that?

     

    Fox also had a female anchor on this am with a Q10, fumbling while acting like she could not type on the small keyboard, and complaining that Blackberry had made a huge blunder with the Q10 - I could only think of OJ Simpson as he fumbled with the blood soaked glove that he just could not put on.

     

    Acting? IMHO, Yes...but playing with peoples lives.

     

    http://bit.ly/15ff4uk
    (Maybe the NSA will discover a conspiracy if they all use Android!)

     

    XLBBRY
    11 Jul 2013, 02:44 AM Reply Like
  • arcady
    , contributor
    Comments (110) | Send Message
     
    Here's some more amazing footage from Fox:
    http://bit.ly/154AXNh
    Fair and Balanced...NOT.

     

    I just hope they use Android phones.

     

    XLBBRY
    11 Jul 2013, 03:11 AM Reply Like
  • alext1379
    , contributor
    Comments (731) | Send Message
     
    New new? Who is Dinolink? Never heard of them. Must be another one of these basement operations.

     

    It is Fox so you can't really take them seriously unless you're in the Bible belt.
    11 Jul 2013, 12:08 PM Reply Like
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