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BlackBerry (RIMM) is cut to Sell at Credit Suisse, which sees neither a buyout (at these prices)...

BlackBerry (RIMM) is cut to Sell at Credit Suisse, which sees neither a buyout (at these prices) nor a break-up of the company as likely. The analyst team sees BlackBerry's value at about $3.1B, or a 40% discount to the current price. Shares -4.4% premarket.
Comments (20)
  • gwynfryn
    , contributor
    Comments (4022) | Send Message
     
    Does anyone care? Nothing will be known until we see how well BB10 sells.
    31 Jan 2013, 08:10 AM Reply Like
  • seannie
    , contributor
    Comments (10) | Send Message
     
    Is known already. There is nothing special about the BB10, and no particular reason to buy it. It is a regular-old smartphone with crappy battery life and standard everything else - unless they are giving it away for free, there is no reason to want one.
    It is about as 'meh' as you are likely to encounter in an afternoons smartphone shopping.
    If you are hoping for sales of this thing to prop up the stock, you will wait for a long time.
    31 Jan 2013, 08:39 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4022) | Send Message
     
    So we've been lied to all along sean? I've no personal interest in smart phones of any kind (I can hardly tell one from the other...) but I'll be surprised if it differs so much from the claims, as you seem to think. Besides, few people can master a new product in just one day...
    31 Jan 2013, 08:50 AM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    Doesn't it allow multi-tasking? Running multiple apps at same time?
    That would seem like an improvement over iPhone.

     

    But I'm no expert and I don't care about these gadgets - just seemed like it would be nice to have a few things running simultaneously.
    31 Jan 2013, 09:04 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5436) | Send Message
     
    "There is nothing special about the BB10, and no particular reason to buy it."
    They said a similar thing about (AAPL)'s iPod back in 2003.

     

    "Doesn't it allow multi-tasking? Running multiple apps at same time?"
    Don't do it. It will drain the battery fast.
    31 Jan 2013, 10:00 AM Reply Like
  • seymour2
    , contributor
    Comments (141) | Send Message
     
    I take it you are relating your views from a hands on experience with the device, and if you are in the USA, just how did that happen?
    31 Jan 2013, 12:25 PM Reply Like
  • Fortneyland
    , contributor
    Comments (3) | Send Message
     
    It isn't a regular old smartphone, where you get that is funny. I've had the dev alpha for a year devloping applications for BlackBerry® 10. The ecosystem is fantastic, so could you explain your statment somewhat better? There's nothing like it on the market today. Its typical media bashing. Display better than Iphone, functions are better than any other out there. Nice article of NY times to retract there rim is dead statement. Will it be #1 NO, at this point. A solid 3rd yes. The device is complete, android and ios was complete at launch. BlackBerry® 10 is.
    31 Jan 2013, 12:27 PM Reply Like
  • Fortneyland
    , contributor
    Comments (3) | Send Message
     
    Yes it never stops with peek and flow. There's is no homescreen as its active frames running and updating all the time. Hub is fantastic as well. All major apps are there and launching with more apps than apple or android did on there launch. Its a great device. I don't get the negativity toward BlackBerry®.
    31 Jan 2013, 12:28 PM Reply Like
  • Fortneyland
    , contributor
    Comments (3) | Send Message
     
    Your so wrong on draining the battery fast. BlackBerry® has always multi task and always had the best battery period.
    31 Jan 2013, 12:28 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    Okay, since you have your finger on the pulse of the industry, what will be the next two quarters of sales volume of BlackBerry handsets?
    31 Jan 2013, 02:31 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    My brother's iPhone 5 lasts less time than that Z10 in the Verge review, and mostly he is just going through e-mails. Battery life is how you use a phone. Granted there are tests for that which are much more scientific, but the Verge chose to use offhand experience. I would expect to see more reviews soon, giving us a better picture of performance. The other thing is that it is easy to replace the battery on a BlackBerry, compared to an iPhone, though arguably Samsung offer that too.

     

    I think most buyers in the US will pass on a new BlackBerry. That leaves overseas sales as the longer term driver. This release is already into this quarter, so gauging sales potential will be tough. One barrier to overseas sales in some markets is that there is not yet a lower priced BB10 device announced for the future, so I doubt price sensitive markets will adopt the Z10 in high volume.
    31 Jan 2013, 02:37 PM Reply Like
  • blueice
    , contributor
    Comments (3136) | Send Message
     
    I was going to buy in at $17.50 with a stop loss...

     

    I am glad my wife locked me in the cellar !
    31 Jan 2013, 08:56 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4022) | Send Message
     
    Funny, blue; never mind, tomorrow is another day...
    31 Jan 2013, 09:07 AM Reply Like
  • jcllier3
    , contributor
    Comments (34) | Send Message
     
    I did exactly that, and then again on a "dip".... very painful day yesterday
    31 Jan 2013, 10:38 AM Reply Like
  • blueice
    , contributor
    Comments (3136) | Send Message
     
    A couple of writers hear on SA were suggesting a short play...

     

    Oh where oh where art thou Romero?
    31 Jan 2013, 10:45 AM Reply Like
  • SoCalNative
    , contributor
    Comments (437) | Send Message
     
    "I am glad my wife locked me in the cellar !"

     

    LMAO
    31 Jan 2013, 11:47 AM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    Michael Bryant: Don't do it... Apple drains my battery fast too so what the heck are you talking about with $RIMM !

     

    U should just seat back and relax for the next 3 months before reviewing it. U are not doing your job!!!!

     

    This is Realornot!
    31 Jan 2013, 12:19 PM Reply Like
  • kherman
    , contributor
    Comments (768) | Send Message
     
    Wait, they are saying that blackberry who has $2.9 billion in cash on the books and no debt is worth $3.1 billion?
    31 Jan 2013, 12:24 PM Reply Like
  • cottager
    , contributor
    Comment (1) | Send Message
     
    Why does everyone keep beating down Blackberry & RIM? I believe the devaluation of RIM & Apple stock is related to all the analyst "noise" in the market, the days when a stock rises or falls based on what it should be based on, revenue, P/E etc...but rather on how it is percieved in the media & by analysts. And that is not right. Apple delivered excellent quarter results, but yet everyone is beating up the stock, Blackberry has just launched a new phone that is not only cool, but that offers features no other smartphone including iphone offers. And yet everyone is beating that up too...its a Canadian company, why don't Canadians support Canadian companies?? C'mon, stop beating up RIM, & start supporting it, and maybe the media will stop the negativity & analysts will too...negativity breeds more negativity...domino effect. The more negativity people hear in the media or by analysts(most of whom are wrong most of the time anyways) the more they start to believe it. LOOK AT THE PRODUCT, blackberry is a great product, I own one, & wouldn't own any other. BUY CANADIAN!!! I am so tired of all the negative noise in the tech sector with Apple & RIM. STOP IT!
    31 Jan 2013, 12:26 PM Reply Like
  • blueice
    , contributor
    Comments (3136) | Send Message
     
    YES, STOP IT;
    All the negative noise...--------------...
    Start the positive noise...++++++++++++++...
    31 Jan 2013, 02:37 PM Reply Like
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