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Analyst reactions to Research In Motion's (RIMM -5.7%) BlackBerry World conference aren't...

Analyst reactions to Research In Motion's (RIMM -5.7%) BlackBerry World conference aren't enthusiastic. RBC (previous) likes some of the BlackBerry 10 features and apps that were demoed, but expects the huge edge held by iOS and Android in available apps to remain a problem. JMP is disappointed by the absence of new commercial hardware. Pac Crest thinks RIM is further behind the competition than Palm was when it released webOS in '09 (and that didn't end well).
Comments (13)
  • jno
    , contributor
    Comments (30) | Send Message
     
    They were never planning on releasing hardware and everyone knew it. They showed a goddamn video and people are already disappointed. What about the announcement to extend BB security to 3rd party devices? The comparisons to Palm are unfair.
    1 May 2012, 06:59 PM Reply Like
  • scott trader
    , contributor
    Comments (4537) | Send Message
     
    yikes....... palm was all the rage at the big brokerage house that and emc...emc survived....I owned Palm at one time barely escaped the demise...
    1 May 2012, 07:12 PM Reply Like
  • gustavitt
    , contributor
    Comments (31) | Send Message
     
    "JMP is disappointed by the absence of new commercial hardware."

     

    Well if they would actually follow the company and listen to what they made very clear, they would surely not be disappointed by that. It's also not surprising that some analysts and journalists are critiquing the dev alpha device's OS, UI, and features as if it will go into commercial production.

     

    Oh well. That’s the world we live in.
    1 May 2012, 07:25 PM Reply Like
  • Wall Street Smart
    , contributor
    Comments (474) | Send Message
     
    Surprise.........not
    1 May 2012, 08:31 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3079) | Send Message
     
    I think there was some expectation of a parade of prominent companies throwing their weight and software behind the platform. It's almost like analysts wanted Steve Balmer or Bill Gates to walk on the stage and throw money.
    1 May 2012, 08:44 PM Reply Like
  • AxiosCap
    , contributor
    Comments (291) | Send Message
     
    LOL say hello to single digits.
    1 May 2012, 09:13 PM Reply Like
  • Ralphyerator
    , contributor
    Comments (71) | Send Message
     
    I think that happened to you long ago.
    2 May 2012, 10:02 AM Reply Like
  • dogworth
    , contributor
    Comments (120) | Send Message
     
    Having actually seen the BB 10 multitasking capabilities, predictive intelligent keyboard and time-warp camera demo and noted the plans to increase the burgeoning developer base (almost 100 000 native apps and counting plus access to android apps), including a 10k minimum guarantee for successful apps, I am upbeat and this is the general mood at the jam. Add to this the solid balance sheet, excellent cash flow and growing service revenues and subscriber base not to mention QNX in 60 % of cars on the road TODAY. RIM is ready to rock. If the quick money analysts are pissed at not being invited to this party, they can suck it up. Bought some 2014 LEAPS call spreads today. This is going to ROCK and ROLL!!
    See the demo at http://crackberry.com
    2 May 2012, 01:29 AM Reply Like
  • AxiosCap
    , contributor
    Comments (291) | Send Message
     
    $RIMMs FCF is actually negative. The phone was ok, but its too little too late. It still doesn't come close to doing what the Samsung Note can do and doesn't have Apple's cult status. Not to mention it's not even coming out until later in the year against the new iPhone. Good luck with that. They aren't going away any time soon, but they aren't going back to 20+ anytime soon either.
    2 May 2012, 08:32 AM Reply Like
  • Castrese Tipaldi
    , contributor
    Comments (43) | Send Message
     
    RIM could release even the Holy Graal now, those people would be disappointed anyway, while singing the Halleluhiah every time Apple farts.
    2 May 2012, 03:52 AM Reply Like
  • Chris Lau
    , contributor
    Comments (1587) | Send Message
     
    More astute investors would recognized (RIMM) is down since shares were bid up prior to the BB10 event. It's simply profit taking. Hardware will be less important than the OS, environment, and in getting developers building apps *ahead* of the release of bb10.
    2 May 2012, 08:37 AM Reply Like
  • djeffries
    , contributor
    Comment (1) | Send Message
     
    There is a big difference between a successful business and a stock market darling. For Rim to regain the leadership position they must go back to basics --they have to re-read Geoff Moore's classic crossing the chasm. First the need a strategy, then a product that supports the strategy (a whole product, hardware, software, developer tools, etc.), then marketing and pr to promote the product, then distribution. The first few apps should target a solution to a critical problem where they deliver the whole solution. Mac's were bought for photography. iPods are music - but not just the hardware, it comes with all of the supporting software, licensing agreements, etc.

     

    What can Rim do that is cool? Why not leverage their auto positioning? Why not make it so my BB has all of the advanced features, mileage calculators, diagnostics on the car, music management, controller for the kids video displays, GPS, etc. oh, and it is the hands free txt, and phone device. Leave the car, take it with you. The valet can still park it, but can't listen to music, or find out where you live from the gps (since it is in your pocket). Your wife can use hers the same way, except it knows her music, favorite destinations, seat position, default temperature, etc.

     

    But cool products are nothing without the best marketing and pr. They need to get the analysts informed so they donot come out a) making the company look bad to the unread, and b) stop looking stupid to those that do read. The errors from the analysts are failures of preparation of rim's pr and product marketing teams.

     

    Rim continues to demonstrate they have great hardware engineers. Now they need some great seamlessly integrated software, a solution to a set of meaningful problems, and a marketing team capable of getting the message out WHEN THE PRODUCT is READY. Coolness and stock price appreciation will follow.
    3 May 2012, 01:51 AM Reply Like
  • 944761
    , contributor
    Comments (656) | Send Message
     
    Very true, people need to stop focusing on the stock fluctuation. Maybe just maybe all the bears have finally moved on.
    The next two quarters will be tough since many users are waiting for.BB10
    4 May 2012, 04:29 AM Reply Like
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