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"We believe [BlackBerry 10] is likely to be DOA," asserts Pac Crest's James Faucette, whose...

"We believe [BlackBerry 10] is likely to be DOA," asserts Pac Crest's James Faucette, whose bearish remarks are contributing to today's selloff in Research In Motion (RIMM -7.5%). BB10's unfamiliar UI and dearth of apps will hurt its appeal, thinks Faucette, who also issued a very bearish report on RIM in September.
Comments (17)
  • I don't day trade with my smart phone purchases or analysis of stocks. If you were tech savy you would have a different attitude but your focused on making a fast buck.
    7 Nov 2012, 02:03 PM Reply Like
  • The RIM selloff today is because the entire market, including AAPL, is down as a reaction to yesterday's election.
    Pac Crest's James Faucette is pretty dull to issue comments on what he believes about the BB10 when he has not even seen the product and has no idea as to what it's strenghts and weaknesses are.
    7 Nov 2012, 02:17 PM Reply Like
  • A lot of bull flows out of this Faucette.
    7 Nov 2012, 02:22 PM Reply Like
  • I call BS.
    7 Nov 2012, 02:29 PM Reply Like
  • OK. Great. And, Paradigm capital issued a buy rating and a $14 price target. That's more than 50% up from here.
    7 Nov 2012, 03:27 PM Reply Like
  • really, this has to be one of the most comical comments ever.
    "BB10's unfamiliar UI and dearth of apps will hurt its appeal"
    the same hurt that iPhone had when it first came out?


    if it's good then people will buy BB10 and based on my personal usage it's good.
    7 Nov 2012, 03:42 PM Reply Like
  • This will certainly be a good possibility if RIMM does not pull the
    golden tech rabbit out of it's hat that it has bin sitting on so long !
    7 Nov 2012, 03:47 PM Reply Like
  • People compare RIMM BB10 to the Apple turn around story. The problem with that is Apple came out with a disruptive service that changed the way people behaved (I could workout with all my music instead of just a burnt CD). RIMM is coming out with something that is the same as what everyone else has. And it's nearly last to the party. That's not going to turn this company around. In fact, we're seeing downward pressure on the major players in this space already due to saturation. I'm sure BB10 will be a fine OS. They have smart people over there. But fine is not distruptive.
    7 Nov 2012, 03:53 PM Reply Like
  • Has this guy even seen the UI?
    7 Nov 2012, 04:08 PM Reply Like
  • EVERYONE on this comment stream needs to please disclose all their positions or intentions to open/close positions in the next 72 hours, or your postings are suspect...
    7 Nov 2012, 04:19 PM Reply Like
  • Where there is fear, there is opportunity. Just sayin'.
    7 Nov 2012, 04:34 PM Reply Like
  • "BB10's unfamiliar UI" Yeah that didn't work well for Apple either, James Faucette obviously hasn't got a clue
    7 Nov 2012, 04:34 PM Reply Like
  • This analyst probably doesn't even have a BB10 alpha device, has never used Playbook 2.1, and does not understand how demand can very quickly change when something innovative comes out.


    BB10's UI is pretty straight forward. It's called "peak". how hard is that?


    Disclosure: no position.
    7 Nov 2012, 05:07 PM Reply Like
  • 110,000 expected apps at launch is bad?


    Porting from ANDRIOID TAKES 10 MINUTES. NATIVE IOS can be ported in a day or so.


    Apps won't be an issue.


    Having seen demos, it is not hard to understand. If people don't know how to swip to unlock their current phone, fine ... those people might have problems.


    Those sick of a 5 year old experience will look. Some will buy. And those that buy will show their friends.
    7 Nov 2012, 05:19 PM Reply Like
  • You have to wonder what is the underlying reason for this analyst bearish view on BB10. He wasn't one of the analyst that had a private Demo of BB10 nor was he given DelvApla device to test. So why the overwhelming negativity?
    7 Nov 2012, 07:26 PM Reply Like
  • It's just a continuation of what's been happening in recent months, with numerous pundits confidently stating "put at 9$, cover at 6$" and even assurances that it would fall below 5$ and stay there!


    When there are so many attempts (and I bet it's also happening elsewhere) to drive the price down, that, to me, spells TAKEOVER BID IMMINENT!


    Disclosure: no position yet, but that will change if the price goes low or high enough. I expect it to be a rough (but potentially lucrative) ride...
    8 Nov 2012, 08:33 AM Reply Like
  • Hey, FauXcette and Gloomberg: it's CBA, as in "Certified Before Arrival". Get ready for another rally.
    8 Nov 2012, 04:02 AM Reply Like
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