Seeking Alpha

BlackBerry misses by $0.24, misses on revenues

  • BlackBerry (BBRY): Q3 EPS of -$0.67 misses by $0.24.
  • Revenue of $1.2B misses by $0.38B. (PR)
Comments (20)
  • Andreas Hopf
    , contributor
    Comments (7969) | Send Message
     
    As expected, a disaster and then some. Less devices sold, mostly prehistoric BB7 units, hardly anything else. Less popular services. Less corporate customers. Poor John Chen, would he have known what Christmas present Thorsten Heins had prepared for him...

     

    I wonder what the chief pumpers M. Blair and G. Kesarios will have to say : )
    20 Dec 2013, 07:14 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7969) | Send Message
     
    A bit o' cash enables Blackberry to walk upright to its grave.
    20 Dec 2013, 07:37 AM Reply Like
  • rocketship9
    , contributor
    Comments (103) | Send Message
     
    I know...what a joke. I have commented on everyone of M. Blair (1.4 mil Q5's??? and G Kesario silly predictions and been hammered for it....Now, just watch. In the next week or so, the heads will slowly pop up again with further nonsense showing great future potential for their beloved BB.
    20 Dec 2013, 07:41 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7969) | Send Message
     
    Yes. True kamikaze investors, loving their mobile devices instead of loving their family, friends and colleagues. A frightening bunch, unable to take a lesson, happy to squander most of their funds.

     

    In psychology, this behaviour is known as masochism.
    20 Dec 2013, 07:44 AM Reply Like
  • Redrut
    , contributor
    Comments (1332) | Send Message
     
    The Foxconn tie-up is being pitched at uber bullish but all this says to me is, hah! We are continuing to make our loss making mobile phones and who cares about the enterprise customers, we CAN target consumers.

     

    The SAME consumers who have no real regard for security or anything the company actually does well..... oh dear
    20 Dec 2013, 08:20 AM Reply Like
  • Michael Blair
    , contributor
    Comments (4576) | Send Message
     
    Going down in flames! I would hardly say I am a "pumper". I was pretty clear that while I thought they would recognize more device sales this quarter, I did not see that as bullish given they would be "clearouts". It seems that even with "clearouts" they did not sell anything and down they go. Shorts have this one right.
    20 Dec 2013, 07:22 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    the three bbry users i saw on the plane to HK monday were all older models.
    20 Dec 2013, 07:31 AM Reply Like
  • AimHigh777
    , contributor
    Comments (6) | Send Message
     
    same expirience. That's why I cant buy the shares even though the price was very attractive. Unlike Nokia in a year ago, BB doesnt have future at this point. In my personal expirience, Nokia Lumia 900 series are bettern Z10. I dont own Nokia shares.
    20 Dec 2013, 08:11 AM Reply Like
  • pytiz
    , contributor
    Comments (131) | Send Message
     
    I wouldn't speak before CC end.
    20 Dec 2013, 08:53 AM Reply Like
  • roseldlcruz
    , contributor
    Comments (73) | Send Message
     
    Mr. Blair, Andreas was noisy this morning but as the day goes by BBRY stock kept on rising and he suddenly became quiet and the rest of the shorts who wants this company to be dead, maybe they are baffled why would the stock that misses the earnings would suddenly rise.
    20 Dec 2013, 10:55 PM Reply Like
  • blueice
    , contributor
    Comments (3127) | Send Message
     
    Mr Hopf, you can now call this company Deathberry...

     

    I am glad I did not listen to either of those fine gentlemen and along
    with all the botberries...
    20 Dec 2013, 07:27 AM Reply Like
  • roseldlcruz
    , contributor
    Comments (73) | Send Message
     
    Deathberry! The stock rises today, I hope you have a short position!
    20 Dec 2013, 10:57 PM Reply Like
  • blueice
    , contributor
    Comments (3127) | Send Message
     
    Cruz, I hope the firm survives but the odds are getting
    longer as we speak...
    17 Feb, 10:50 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    BlackBerry teams up with Foxconn for budget smartphones as sales continue to plunge
    http://engt.co/1frzAxv
    20 Dec 2013, 07:49 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7969) | Send Message
     
    Insanity continues to rule in Waterloo.
    20 Dec 2013, 07:55 AM Reply Like
  • Infinity Group
    , contributor
    Comments (550) | Send Message
     
    I'm glad to know the Z10 I own constitutes a major percentage of all smartphones sold.
    I'm still long though based on the focus that will become apparent in the call. I put this in an article if it ever comes out.
    20 Dec 2013, 07:58 AM Reply Like
  • Canadian Red Neck
    , contributor
    Comments (341) | Send Message
     
    One can interpret information many ways. I wonder all these bad news and losses are intentional. These massive write downs and other costs can be blamed on the previous management. I believe most of the losses in the last two quarters are paper losses. They could have just booked the phones and parts as assets and depreciate as required.

     

    I worked for a very large company that reported losses recently when we knew for sure that they were making very good money. They were selling their products at close to 100% gross margin. A good accountant can make those gross profits disappear with a couple of keystrokes.

     

    Now if they start to generate revenue from those written down/off inventories, things will start to look good on paper. I am not an accountant. If Blackberry starts to book those revenues as pure profit, all of a sudden things can look rather rosy for Mr. John Chen. Do that for 2-3 quarters. All of a sudden, Blackberry is on the path to sustainable profitability.

     

    If my thinking is right, Blackberry is trying to write a new more rosy play for the next 2-3 quarters. Basically, managing expectation and image.
    20 Dec 2013, 10:46 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7969) | Send Message
     
    How can they survive with such bad sales figures and service subscriber numbers. Bit o' window dressing by way of John Chen induced cost-cutting won't help the brand - it is totally destroyed and survives in various puddles that dry up under the relentless BYOD sun. I think this company is a very good short play and will hopefully vanish in 2014 to put an end to this sorry mess.
    20 Dec 2013, 03:08 PM Reply Like
  • sailpgd
    , contributor
    Comments (75) | Send Message
     
    Why do you say "hopefully"? A lot of people depend on BlackBerry including 1,000s of employees and the economy of Waterloo. It is a little disturbing that you are wishing for the death of a company that does not harm you one bit.
    20 Dec 2013, 06:32 PM Reply Like
  • mvermaak
    , contributor
    Comments (267) | Send Message
     
    I would like to see george Kesarios comments as he is not so weak of heart let's wait for his article, I hope soon.
    21 Dec 2013, 01:39 PM Reply Like
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