Seeking Alpha

Baird: BlackBerry burned through $1/share in cash in FQ2

  • Taking in BlackBerry's (BBRY -17%) big FQ2 warning, in which the company says it ended the quarter with $2.6B in cash/investments, Baird's William Power estimates the company lost $1/share in cash during the quarter.
  • Meanwhile, BlackBerry's decision to focus on enterprises and "prosumers" going forward with a portfolio of 4 smartphones is raising eyebrows. Particularly since a large portion of the 72M subs the company had at the end of FQ1 were consumers in emerging markets; competition from low-end Android devices targeting those markets has been fierce.
  • Some other details: 1) FQ2 non-GAAP EPS, which excludes the inventory write-down, is expected to be in a range of -$0.47 to -$0.51 (consensus is at -$0.15). 2) Half of all FQ2 revenue (pegged at $1.6B) is expected to come from services; only 26% of FQ1 revenue ($3.1B) came from services. 3) With the launch of the Z30, BlackBerry will "re-tier" the Z10 "to make it available to a broader, entry-level audience." 4) BES 10 server installations have passed 25K.
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Comments (94)
  • name999
    , contributor
    Comments (162) | Send Message
     
    Just wondering what's next. The blackberry should be attractive to some companies like Lenovo. Will they jump out with a takeover offer? Or some PEs want to take it over but just want to bash it harder to cut the price?
    20 Sep 2013, 06:21 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    Don't sell BlackBerry,you still have the infrastructure to innovate. It's still no to late I don't think. We can make this work and squash the Apple. Imagine it Perm and let's make it happen.
    20 Sep 2013, 10:15 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    "We can make this work and squash the Apple"

     

    We... pluralis majestatis. This is typical of shareholders who are still in denial about Blackberry's imminent end.

     

    Better read http://bit.ly/13cpMUD and http://bit.ly/12EOIiv to recuperate by investing elsewhere.

     

    Yesterday's sharp decline provides many opportunities to start buying into good businesses at lower prices.
    21 Sep 2013, 03:43 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5581) | Send Message
     
    Lenovo already said they are interested in (BBRY). Buy if they sell to Lenovo, there goes the U.S. Department of Defense contract.
    21 Sep 2013, 02:59 PM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (595) | Send Message
     
    I have to admit, I am surprised at the scale of this devastation. Having said that, Blackberry's positioning and marketing strategy has been terrible for several years now. Even as they fall into the abyss, i'm not sure they're reacting properly. One needs to make product its consumers want to buy. It doesn't matter if you make toilet cleaners, if it makes you a billion dollars, you make toilet cleaners. I think BBRY got hypnotised by the allure of trying to sell to CFOs.
    But you know who actually used to love BBRYs 2-3 years ago? Teenagers, spotty, unglamourous teenagers buying them by the bucketload. Where are the products to appeal to them? What, they have no voice? (are they not elite enough?) Well, you know what, those teenagers, who were all on Blackberrys are now buying budget Samsungs.
    Opportunity lost, and it won't come again.
    Goodbye Blackberry.
    20 Sep 2013, 06:26 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    Yes, like I said last autumn: it's the texting Chavs and thugs and teens in the social housing estates who luv eet.
    20 Sep 2013, 06:52 PM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (595) | Send Message
     
    Nothing wrong with selling to them either. Essentially what happened was that young networkers in the truest sense had repurposed corporate BBRYs for their own purposes. Instead of tuning in and becoming the leader in phones in this market, BBRY just ignored them.
    Who on Earth was the Z10 for?
    20 Sep 2013, 06:58 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    To fill the holes and gaps in the Surface RT landfill to keep it from sliding.
    20 Sep 2013, 07:08 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    Now now there is nothing wrong with the phone itself instead the issue lies with the sales force.

     

    Phone is great, gets consistently high reviews.
    20 Sep 2013, 07:11 PM Reply Like
  • Randal James
    , contributor
    Comments (2751) | Send Message
     
    Ding! We have a winner.
    20 Sep 2013, 09:19 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    Remember I did say it was worst then it appeared, $6 a share only. But still does not have to be this way, have a little faith in a fellow Canadian. (: That's me trying to smile like Perm did when he said Brry Stock was worth $40
    20 Sep 2013, 10:20 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    Nope not true, the real next generation smartphone would have sold itself, like the last generation iphone did. Marketing would have been effortless. I applied at Blackberry hoping to get the CMO position, when they were looking, knowing my job would have been easy, as long as they would have developed my device. And I am not joking
    .
    20 Sep 2013, 10:29 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    What happened is a head of marketing who is a complete disaster. I had doubts when they pulled him in. It seemed like his main qualification was that he could talk to the carriers. Well, as we have seen, relying upon the carriers to push your products is a non-starter.
    21 Sep 2013, 06:29 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    The Z10 was for The Verge, WSJ, Gizmodo, and Engadget. Granted it is a nice device, but without another piece of fruit on the back, it was never going to get a nice review in the press.

     

    The other issue is the same problem affecting Windows Phone, in that end users need to figure out how to use their smartphone. No simple sea of icons upon which people could scroll and touch. I've watched people with new BB10 devices; they appear frustrated the first day or two, then as they spend more time with the device, they move blazing fast through tasks. BBRY should offer a two week test, no questions asked, return policy. Windows Phone (MSFT) should do the same. Otherwise most end users will stick with the simple icons they already know how to use.
    21 Sep 2013, 06:34 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    Honestly David653, I think you would have done a better job in that position. Of course, it now appears that nearly anyone would have done a better job at marketing, because marketing was almost absent. About all the BBRY marketing team managed to do was get the BB10 devices at the carriers, and even that was not done cleanly.
    21 Sep 2013, 06:36 PM Reply Like
  • rtmunro
    , contributor
    Comments (545) | Send Message
     
    As it should be. Blackberry owns their own success and, in this case failure. No one else.
    22 Sep 2013, 03:15 AM Reply Like
  • pat45
    , contributor
    Comments (332) | Send Message
     
    temped to buy BBRY after hours--about time they started trimming operations and talking about break up so the company can be sold. I love new phone--what is stopping sales is sales reps saying dont buy it--company going out of business..went to 4 places..all said dont buy--even at radio shack! I hope AAPL buys the handsets--gives them keypads, bigger screens and access to foreign markets...could be their cheap junk brand. It would be sad if they cannot get at least $10-20 for the parts...especially looking at palm, nok, & motorola prices.
    20 Sep 2013, 06:27 PM Reply Like
  • Arduino_RaspberryPi
    , contributor
    Comments (379) | Send Message
     
    Double down. Hang tough. PE game to drive SP down to buy cheap.
    20 Sep 2013, 06:41 PM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (595) | Send Message
     
    A PE game would rely on rumours. These are facts. Out of every 5 blackberry employees, 2 are leaving. A billion dollar write off, cash burn of $1 per share this quarter. All facts. No game here, just a sad story.
    20 Sep 2013, 06:51 PM Reply Like
  • ekin09
    , contributor
    Comments (106) | Send Message
     
    Very sad news indeed. Glad I didn't jump back in on the hype I've been seeing here on SA lately...
    20 Sep 2013, 07:18 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    Only double down when you learn I'm there helping being in charge
    20 Sep 2013, 10:31 PM Reply Like
  • Dantes_Will
    , contributor
    Comments (341) | Send Message
     
    How many people have lost big on their investments listening to snake oil salesmen here pumping BlackBerry?

     

    Dozens of pumpers here have been promising that "Q5 sales are great". StatCounter shows BBRY gaining 10% market share! Just last week, we had someone with the audacity to post some tripe about the Z30 being BBRY's savior. If you had any understanding of BBRY's books, you'd know that no single device could turn around BBRY's finances.

     

    All of that pumping turned out to be manipulation meant to deceive.

     

    The truth came out today. And a few shameless shysters are still pumping...
    20 Sep 2013, 06:44 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    Bullocks. There is still plenty of value left in the company especially as they pare down to mitigate future losses.
    20 Sep 2013, 06:52 PM Reply Like
  • ekin09
    , contributor
    Comments (106) | Send Message
     
    @LYogi You are sitting on a sinking ship, good luck mate.
    20 Sep 2013, 07:22 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    I tried warning you all but you called me a hater and being negative.
    20 Sep 2013, 10:35 PM Reply Like
  • AI2
    , contributor
    Comments (151) | Send Message
     
    Hence why I called alext1379 out and made the bet with him. He himself sold all his shares days before today's blood bath. I feel sorry for the people who listened to him and didn't get out sooner.
    21 Sep 2013, 01:03 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    Better read http://bit.ly/13cpMUD and http://bit.ly/12EOIiv to recuperate by investing elsewhere.
    21 Sep 2013, 03:45 AM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    The options players, and those who lost out years ago on share declines, are doing the opposite. They are "pumping" the downward news. It should be obvious there is a tug-o-war going on between options players on both side of share price levels.

     

    Until the options volume declines sharply, this is a highly speculative stock to hold. As always, I do not recommend buying, nor holding, shares in BBRY. The volatility is not for the average investor.
    21 Sep 2013, 06:40 PM Reply Like
  • bigbuckric
    , contributor
    Comments (67) | Send Message
     
    The Government of Canada is stepping with a grant sunday or monday
    20 Sep 2013, 07:14 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8955) | Send Message
     
    bigbuckric

     

    It was never about money though. BlackBerry always had oodles of cash, they just built the wrong phone at the wrong time.

     

    This is also the problem with any buyout scenario. Nobody wants the BB10 OS powered phone business because these devices don't sell.

     

    If a deal comes through, it will be Lenovo or one of the Chinese handset folks and they will buy the OLD BB7 business and sell them to emerging markets and at very thin margin.

     

    PS. And yes, I realize all government contracts will be lost.
    20 Sep 2013, 07:38 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    Canada is hopefully not the Soviet Union. Or is it now?
    20 Sep 2013, 07:39 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    Money was not BlackBerry's problem innovation was, I can fix that, but only under my terms and conditions
    20 Sep 2013, 10:37 PM Reply Like
  • rtmunro
    , contributor
    Comments (545) | Send Message
     
    You remind me of George Costanza, thinking he could be a commentator for the Yankees because he says interesting things during the games.

     

    You do know running a company is hard right?
    22 Sep 2013, 10:51 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Competing at the high-end market with the iphone et al isn't working.

     

    Perhaps the low-end market should be their target market.
    20 Sep 2013, 07:24 PM Reply Like
  • Black Truck
    , contributor
    Comments (39) | Send Message
     
    In previous posts I mentioned that this quarter is likely to be extremely weak, and so is the next. The good news is that Blackberry is taking the hard steps to bring their labour force costs in line with sales. This is badly needed and is in fact an opportunity for Blackberry to streamline the company and make efficiency key.

     

    Blackberry will be forced to decide the sectors it will focus on. It can no longer be all things to all people. This is a good thing.

     

    Blackberry also needs to come out now and state categorically that they are in business for the long term, their strategic review is done, and they are getting to the hard business of downsizing and returning to profitability. This will take another 2 quarters at least.

     

    Long Blackberry.
    20 Sep 2013, 07:34 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    The idea of success is to be all things to all people, that is called growing
    20 Sep 2013, 10:41 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8603) | Send Message
     
    Nokia could and should buy BBRY's secure mobile networking division.
    20 Sep 2013, 07:34 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    Not just yet, soon it will come for free.
    20 Sep 2013, 07:35 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8603) | Send Message
     
    BBRY will NEVER see $0...that is a guarantee. Please save this post and we will see.
    20 Sep 2013, 07:43 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    Seriously cmon dude
    20 Sep 2013, 07:47 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8603) | Send Message
     
    Yes...seriously.
    20 Sep 2013, 08:17 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    I'm agreeing with you
    20 Sep 2013, 08:20 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    Nokia is already secure, so is all BlackBerry's rivals. Don't you think they all have access to high tech security features??
    20 Sep 2013, 10:44 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    Of course that is possible, when BlackBerry was in there glory, a stock share price of $6.22 seemed impossible but it happened
    20 Sep 2013, 10:48 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    DVL is right in this LYogi. If you just look at the real estate and office equipment, those cover the current valuation. It's like the ran an office park, and did no other business. Of course, considering the negative sentiment, it seems many would like to see that.

     

    The true value of the device business is in the conversion of 70 million end users. Figure out what 70 million users is worth to AAPL or Samsung, cut a quarter to half off that on inability to shift BBRY users to your platform, then you have a way to value that business. That is why the vultures keep circling.
    21 Sep 2013, 06:51 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    Now I'm in agreement with both you and DVL! ;)
    21 Sep 2013, 07:01 PM Reply Like
  • farmwersteve
    , contributor
    Comments (314) | Send Message
     
    I think the biggest problem for us BlackBerry longs is the fact that we own the device and love it...
    There are too many great features to mention about it, but plain and simple for me the z10 is fantastic.

     

    This is our problem, we just can't understand how anyone can use other devices. It is constant laughter at my house with my wife's iPhone 5. It is utterly laughable at its so-called multi-tasking. The amount of time she spends moving between menus and apps back and forth opening and closing them is a waste of time

     

    I have cut the amount of time I spend on my desktop and laptop by about 75%. I can do so much on this phone for my business and I can do while driving a tractor.
    At the end of the day, my paper work is already done

     

    The auto correct and flicking keyboard is crazy good

     

    The one and only flaw in this z10 is BlackBerry lack of informational marketing.

     

    No one other than the few of us who own them have any idea what a game changer this phone is

     

    So, I think that in a nutshell is what is keeping me on this crazy BlackBerry train.
    20 Sep 2013, 07:47 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8955) | Send Message
     
    "It is constant laughter at my house with my wife's iPhone 5. It is utterly laughable at its so-called multi-tasking. "

     

    Who's laughing now?
    20 Sep 2013, 07:53 PM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1661) | Send Message
     
    @Mr Knowitall,

     

    Never mistake the fact that the phone is not inferior to any and is better than most. The SP is not a good reflection of that. I'll keep my shares....
    20 Sep 2013, 08:09 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    Waiting to hear from you Cliff, I'm holding mine as well though fear they will be taken away on an impending buyout.
    20 Sep 2013, 08:21 PM Reply Like
  • farmwersteve
    , contributor
    Comments (314) | Send Message
     
    Ummm, do you actually think she is laughing at the family finances

     

    BlackBerry failures of recent are not due to the current hardware and 10.2 software.

     

    I still feel it's marketing and consumer confidence, which go hand in hand.

     

    So, to answer your question, I don't know.
    20 Sep 2013, 08:26 PM Reply Like
  • PlayingWithFreeMoney
    , contributor
    Comments (99) | Send Message
     
    the real problem is that you think a good phone correlates to a successful company. that's not necessarily the case. It's like saying stock prices are based on fundamentals but look at Tesla, Netflix and Yelp. What about herbalife? People are always trying to do something and at the end the symbol comes up. Stock prices reflect fundamentals in the long run but acutely they just reflect sentiment. Blackberry just isn't cool and that's the end of the story. Period.
    20 Sep 2013, 08:55 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    sentiment and what is 'cool' is fickle and can shift.

     

    The technology that separates BB is proprietary and it's theirs for the lifetime of their patents.

     

    Consumers will eventually wake up to what is 'cool' if the company can stay alive for that long (6-18mos)
    20 Sep 2013, 10:45 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    See you are letting your emotions cloud your investing skills, being emotionally attached is a mistake.
    20 Sep 2013, 10:51 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    "I think the biggest problem for us BlackBerry longs is the fact that we own the device and love it..."

     

    Exactly. That seems to be the biggest problem for investors in consumer product stock. A typical cognitive bias. I like Procter & Gamble's children care products, but it does not make me love the company or become a feverish fan. You should always put the maximum emotional distance between what you own and use and what you invest in to make profits.

     

    Better read http://bit.ly/13cpMUD and http://bit.ly/12EOIiv to recuperate by investing elsewhere.
    21 Sep 2013, 03:48 AM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1661) | Send Message
     
    @LYogy,

     

    It's tough watching the turnaround. I'd like to get further guidance from BlackBerry. They have cash and are trimming the work force and selling a bunch of BES10's. This and next quarter will be bad, not just stink. I was expecting "stink". I want to hear more from the BoD not the naysayers. I'm not easily discourage.
    21 Sep 2013, 11:07 AM Reply Like
  • jamesingram32
    , contributor
    Comments (615) | Send Message
     
    excellent links Andreas. I think I have a similar holding to yourself, a third less, but then...you have a lot more capital than me!
    You said you were going to stick yours in the attioc. IUs thiss still your thinking, just in case a successful sale hapens?
    My thinking is, we are pretty close top the sum of parts price anyhow at this stage, and my position is pretty small. My loss yesterday was mopped up by a day extra holding in my NOK shares! So, I think I'm happy to see what heppens for a few days.

     

    Obviously the fear is that Thosman is actually that crap that there is no discussions at any advanced stage at all!
    21 Sep 2013, 03:34 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    Well, I own just 1500 shares at the moment, a last gamble. I was hoping that, like the previous small bounces, there would be a final one. Looks like it is not going to happen. So what. I just keep 'em at the attic, because this company is so very irrational that anything is possible.

     

    There is also the overall market downturn to keep in mind.
    21 Sep 2013, 06:24 PM Reply Like
  • jamesingram32
    , contributor
    Comments (615) | Send Message
     
    thought it was 1500, I have 1000 at 11.08, but i think you have more share wealth than me. I'm all property really. A lot less than 1% in shares, which might seem a little crazy, but I'm irish, and land/property and we're not quite rational about property .Lucky I live in the south of England and not Ireland then!easy come eh?
    bbry is 10% of my shares, so I will look at this on mon tue. NOK made the same last week as bbry went down for me, so easy come easy go, eh? Although this is exactly what Buffet talks about in getting lazy on easy profit. I took a little lazy punt on bbry, caught the falling knife as it were.

     

    Seriously though, I think we did our homework with NOK but we could have gotten burned there too. Much less risk than bbry, but the was risk. I'm here to learn from great guys like yourself, seppo, wieje ( get an easier username dutchman!) etc, and to make money, make money, and not lose. Note to all here:The whole tone of the bbry slating needs to stop. It take the tone of the board right down. The market (apart from economic growth) is nearly a zero sum game. When we win, someone loses. No need to be like Attilla the HUN. We can win without rubbing it in peoples faces as well. There are people hurting right now. Lets not be total nobs about that. How you behave when you are on top show your true charachter...like Fuld at Lehmans with his gold paper basket...or indeed, idiot Hiens!
    22 Sep 2013, 04:34 AM Reply Like
  • rtmunro
    , contributor
    Comments (545) | Send Message
     
    right on...Love the product? buy the product. Love the stock? buy the stock. neither is related whatsoever to the other.

     

    Though, to throw a little reality check in here Andreas, we're wasting time. Simply because the majority of "pro-blackberry" commenters on SA fall into the former category and not the latter. And a lot of them are the same person with multiple screen names. Hence, you get a 'new' guy popping up in July with a name like, "Z10isGreat"...hmm...ok. I guess we should all expect fair and balanced insight from him huh? LOL.

     

    Blackberry in the title draws fans to rally to its defense, which drives page views and comments. Most of the "pro-Blackberry" commenters have no interest in buying or selling equities.
    24 Sep 2013, 02:56 PM Reply Like
  • hz06
    , contributor
    Comments (829) | Send Message
     
    Short side has a field day today. :)

     

    For me who happens to be on the long side, I am scratching my head why this stock didn't go down to, say, 2 bucks on a news like this. 72 million shares changed hand, most were done after the news. Why are these people on the buy side still buying at around $8.50? Nuts? Or they have done their research?

     

    I got in BB less than a year ago. My basis was BB is about 1/100 of Apple's market cap. A meager 1/100 of valuation. At that point I took the long side.

     

    Is BB worth more than 1/100 of Apple? Say, 2/100? I still want to wait and see. I basically don't take most of what longs and shorts say, if there's no fact or insight in there. I look at hard numbers, on a quarterly basis. IMO, both sides have emotional bias. While there's good information in some comments, and sometimes articles too, from both sides.

     

    Now the numbers speak, for this quarter, and I heard it.
    20 Sep 2013, 08:49 PM Reply Like
  • yongzhou
    , contributor
    Comments (208) | Send Message
     
    Sorry for the investors. The management was criminally inept. lousy marketing and Heinz stupid comments made things worse. Rimm will be shut down soon, no real value in the company. The pumpers are still writing about a buyout. A different company every week, Watsa, Microsoft now lenovo. There is no buyer.
    20 Sep 2013, 09:44 PM Reply Like
  • David653
    , contributor
    Comments (1790) | Send Message
     
    If your referring to Thorstein's comment on the extinction of the tablet, he was correct, the phablet will take over, it just that BlackBerry's phablet design is incorrect. I know this because I know the correct design.
    20 Sep 2013, 10:59 PM Reply Like
  • Bailout2009
    , contributor
    Comments (229) | Send Message
     
    I bought more...what is happening here is they are putting out all the junk and garbage and bringing the stock down. This is cleaning up the company and I think the bottom is here and the worst behind us.........BBRY is a software company worth $15- 20 bucks...not a hardware company worth $8.50....get my drift.
    21 Sep 2013, 12:11 AM Reply Like
  • AI2
    , contributor
    Comments (151) | Send Message
     
    I'm assuming you mean $18-20 per share which would put Blackberry's evaluation at about 10-13 billion. Care to breakdown your valuation?
    21 Sep 2013, 01:36 AM Reply Like
  • Coldcall
    , contributor
    Comments (177) | Send Message
     
    ya good luck with that, keep drinking the hopium.
    21 Sep 2013, 02:57 AM Reply Like
  • Lushbunny
    , contributor
    Comments (3) | Send Message
     
    Hopium....I love it!
    21 Sep 2013, 10:59 AM Reply Like
  • sfinvestor
    , contributor
    Comments (950) | Send Message
     
    The cash burn does not take into account flux from net payable, unfavorable.

     

    Now that the Z10 is written off, and orders are cancelled but the bills to the supplier and the contract must be paid regardless. It is fair to ask how much write-off there will be for the Q10, Q5 and Z30?
    21 Sep 2013, 03:37 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    The upcoming write-offs for the other devices will be enormous.

     

    Nobody will buy devices and services from a dying business in fear of not receiving updates, etc. No CIO will continue or go with Blackberry if he wants to keep his job. Look at the press, in Europe, for example: "Blackberry is dead" and so forth. Terminal negative advertising - for a second time after 28th June.
    21 Sep 2013, 03:51 AM Reply Like
  • sfinvestor
    , contributor
    Comments (950) | Send Message
     
    So just as the playbook was a $1B mistake, it looks like BB10 will magnify that and become a $5B mistake when all is said and done.
    21 Sep 2013, 03:58 AM Reply Like
  • AI2
    , contributor
    Comments (151) | Send Message
     
    The Z30 will probably not take as big of a hit. They will be cautious at this point. The Q10 however I see taking a bigger hit than the Z10 as it was suppose to be the savior device. Combine that with Thorsten Heins comment about selling tens of millions of them would make a very scary scenario on how many components were committed.
    21 Sep 2013, 05:59 AM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8955) | Send Message
     
    So what does BlackBerry do with the current manufacturing of the Z30? Do they call an immediate halt to production (sending the stock down even further,) or continue producing just to write down this inventory in the not too distant future?
    21 Sep 2013, 05:08 PM Reply Like
  • Thurai sivakumaran
    , contributor
    Comments (23) | Send Message
     
    Staying on.
    21 Sep 2013, 04:11 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    If the Goverment of Canada gives Blackberry money they better make it on the condition that the CEO and most of the BOD be replaced with competent people or no way in hell you get money! That would be wasting taxpayers money. Also in order to do that TH gets 20 million of your tax dollars.
    21 Sep 2013, 04:15 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    and what are you sitting on ekin09?
    21 Sep 2013, 04:15 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    The fact is that I phone is a top tier phone it's only because of foolish people buying the phone even though they added a few gimmicks. Okay they showed one commentator saying the new finger print feature is awsome. Okay so that is the reason i should run out and buy the new Iphone 5s SMH. Give me a break! Anyway BB said they are going to realign thier product line to make the Z10 more affordable. I remember when TH said BB will never make low end phones because we are not in that type of market. I bet he is now regretting that comment. An other misstep By TH. I have a feeling that The BOD is going to pull the trigger on TH after this debacle.
    21 Sep 2013, 04:15 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    Now that the Z10 is going to be a lot cheaper that would be great news. Combined with the 10.2 OS which has many amazing features you will have a top notch rock solid phone at a good price. You should buy one when the price is adjusted.
    21 Sep 2013, 04:16 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    Listen Dantes why don't you go take a hike. Your not obliged to listen to anyone. People make comments and it's just their opinion. No one says you have to buy any products, It's up to you where you invest. If anyone was promoting Blackberry on here it's because they believed in the company. Maybe they were wrong, but to say they are shysters snake oils salesmen is kind of a dumb thing to say. Secondly, when did Blackberry say the sales are great and the company is doing great? For the past month they didn't say anything except today! So anyway what is your stake in all of this. What is your reason for being here in this forum?
    21 Sep 2013, 04:21 AM Reply Like
  • perryy0
    , contributor
    Comments (5) | Send Message
     
    BlackBerry smartphones are way better than itoys. The reason the company is dying is because it is a Canadian company and Americans want it dead
    21 Sep 2013, 04:33 AM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8955) | Send Message
     
    " The reason the company is dying is because it is a Canadian company and Americans want it dead"

     

    Oh my gosh! We've been found out!

     

    I was wondering how long it would take to figure out that we Americans really do not want to send our business to Waterloo Canada but instead wish to send it to Seoul Korea.
    21 Sep 2013, 05:15 PM Reply Like
  • Randal James
    , contributor
    Comments (2751) | Send Message
     
    Mr. K

     

    Now that it is common knowledge, perhaps we must move to Cuba so we can be critical of all N. American stocks.

     

    "Hey Budweiser! You steenk! What??? Belgium?"
    21 Sep 2013, 06:20 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8955) | Send Message
     
    heh Yeah.

     

    I don't understand this wacky nationalistic viewpoint.
    I'm like two miles from Apple headquarters, and what do I invest it? Nokia! haha!
    21 Sep 2013, 07:15 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8570) | Send Message
     
    Czech Republic makes Budweiser. Everything else is branded coloured liquid.
    21 Sep 2013, 08:43 PM Reply Like
  • rtmunro
    , contributor
    Comments (545) | Send Message
     
    I love Canada. I'm an avid mountain biker and snowboarder, and Canada is home to some of the greatest mountains in the world. Home to some of the nicest people I've ever met. And I love Montreal. Great fun.

     

    I also bought a ton of LULU when it hit low $60s. Best in breed company, their troubles will blow over, and the products are phenomenal. Already up 24% on that one and I'm adding/holding for even more.

     

    So, yeah, you could say I write the truth about Blackberry because I hate Canada. You'd be 100% wrong but if it helps you sleep better, enjoy.
    22 Sep 2013, 03:13 AM Reply Like
  • Randal James
    , contributor
    Comments (2751) | Send Message
     
    Well, though I profess to being a yanqui, my family before my grandfather were all from... Windsor, Ontario.

     

    My GF was watching an ad the other night for a travel company (I think) and the deal was you HAD to go somewhere - anywhere - right away, where would you go? I told her Waterton National Park and she about fell off her chair. Waterton is the CDN side of Glacier Park in Montana, which is N. of Yellowstone Park and if you haven't heard of any of those you don't get out enough. O Canada indeed.
    22 Sep 2013, 03:48 AM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8955) | Send Message
     
    One of the things on my list to do is take the Royal Canadian Pacific tour. I've heard it is one of the most beautiful train trips in the world. http://bit.ly/16zx6Ye
    22 Sep 2013, 02:39 PM Reply Like
  • Crisp Concept Crew
    , contributor
    Comment (1) | Send Message
     
    Who not advertizes dies. So: What can you advertize BBRY?
    21 Sep 2013, 04:36 AM Reply Like
  • Crazy Mazy
    , contributor
    Comments (434) | Send Message
     
    first!
    21 Sep 2013, 04:47 AM Reply Like
  • kuzzik
    , contributor
    Comments (89) | Send Message
     
    Blackberrys biggest mistake, was to listen to QNX people and not to their own staff. Everybody was against Adobe designing the user interface, but the management didn't listen to their key people, and wasted a lot of time, time which they didn't have, because the playbook was ready now almost 2 years ago, they could have built the phones the same way, but no, they went with adobe, all the key people left because of that decision, the project was then scrapped and they lost more than a year. They don't have any good developers left, they are all long gone to samsung google and apple. I was LONG, I had hope, but I sold my position some time ago, as I didn't believe them any more. I travel a lot, and to be hones with you guys, I have until now, since January, only met 1 person who had a Q10, only one. I am sorry blackberry, I am still a fan, and a user, and I love the phones, but your marketing sucks, you don't have any customer support, you have been un-loyal to your fans, and your are going down now, and it's all your fault. Actually I am not even sorry for you, it was your bad management decisions, I am sorry for MY loss on your stocks, because I was stupid enough to believe, especially after reading many of Lyogis positive comments. ( I did order the Z30, let's see how good that device is)
    21 Sep 2013, 01:31 PM Reply Like
  • jamesingram32
    , contributor
    Comments (615) | Send Message
     
    Oi, KIA, I have Red hair. Tone it down buddy, it's a racial marker, and I would be surprised if you started talking about the phone as the black or jewish child.
    I am, btw, pretty damm good looking! and I'm very proud of my lineage and heritage that is associated with my hair.
    I've reported this comment as abuse
    21 Sep 2013, 03:27 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8955) | Send Message
     
    Sorry james, didn't mean to offend the red haired people of the world.
    It's a very old saying.

     

    Again, apologies if you or else anyone was offended.
    21 Sep 2013, 05:02 PM Reply Like
  • jamesingram32
    , contributor
    Comments (615) | Send Message
     
    Thanks for the reply KIA, Old sayings though, come from other times! It is impressive when people can apologise straight off the bat, though, so fair play to you for that. I must learn the same skill myself. It is totally disarming.
    22 Sep 2013, 02:57 PM Reply Like
  • alext1379
    , contributor
    Comments (706) | Send Message
     
    Write down is 1 time effect.

     

    BlackBerry service revenue doubled while HW sales faltered, so makes sense they get rid of division pumping out millions of phone with less than 500 fart and flashlight apps.

     

    If you know you'll only sell 3 million units, most likely 3 models, why keep pumping out 15 million phones in 6 tiers?
    I like the new plan to focus on business.

     

    1 cheap phone for emerging markets, 2 mid/high phones for executives, 1 showcase phone to pickoff those with money and the ability to appreciate innovation over farts.

     

    Let the SP decline, i'll pile in at $5 witha vengeance, then sell them to the shorts covering as a smaller yet hugely profitable BlackBerry rises from the ashes.
    21 Sep 2013, 04:33 PM Reply Like
  • LYogi
    , contributor
    Comments (2196) | Send Message
     
    It is what Jobs did with Apple, consolidate to focus on 4 products.
    21 Sep 2013, 04:42 PM Reply Like
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