- 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.
From other sites
Video at CNBC.com (Jun 2, 2015)
Video at CNBC.com (May 26, 2015)
at CNBC.com (May 24, 2015)
at CNBC.com (May 7, 2015)
at CNBC.com (Mar 27, 2015)
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