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BlackBerry (BBRY -3.3%) continues to get whipsawed: Shares are giving back a portion of last...

BlackBerry (BBRY -3.3%) continues to get whipsawed: Shares are giving back a portion of last week's big gains following news Home Depot has become the latest enterprise client to abandon the company; BlackBerry's U.S. corporate smartphone share has already fallen to a fraction of the iPhone's, thanks in part to the BYOD trend. The company announced this morning it will show off BB10's enterprise feature set at an event tomorrow.
Comments (25)
  • great time to buy the stock.


    market is totally overreacting to the Home Depot news.


    Long BB
    11 Feb 2013, 12:52 PM Reply Like
  • Agreed; this was a decision Home Depot made before they ever got a chance to try the Z10, and so has no real world relevance whatsoever!
    12 Feb 2013, 09:09 AM Reply Like
  • It will very hard for Blackberry to play catch up.


    They destroyed any value they still had when their Playbook was introduced and completely passed over by the Enterprise market.


    Apple iPhone and iPad along with a proven ecosystem, security features has made significant inroads into Rimm's market.


    Blackberry cannot compete on hardware, software, cloud and apps.


    Apple is facing lots of completion but their platform of hardware, software, apps, and cloud cannot be duplicated. All these former Blackberry customers are not going back to a non existent platform.
    11 Feb 2013, 01:03 PM Reply Like
  • What is your background? Any IT background at all? Apple has lost innovation, and their to love those 14 million itunes accounts with addresses and info that were let out by accident. A company that can't even get their mapping program right and has to defer to the competition? Yeah...put your trust in them.
    Microsoft is a better choice.
    11 Feb 2013, 01:59 PM Reply Like
  • "Blackberry cannot compete on hardware, software, cloud and apps."


    I'm sorry to say that you don't seem to know much about their new platform and hardware. Maybe you should look it up...
    11 Feb 2013, 06:31 PM Reply Like
  • here come the nonothings again with there lonely life. GET ONE.
    how can these morons comment on the future. do they think they have a crystal ball. if so sell your talent and buy some berrys. John
    11 Feb 2013, 01:46 PM Reply Like
  • Home Depot drops BlackBerry. Actually....who cares? Not like they care much about security. That is driven by technology lacking management who knows nothing about security. Amazing how little business IT knows about their own networks.
    11 Feb 2013, 01:57 PM Reply Like
  • Huge mistake by Home Depot - who made that decision?
    12 Feb 2013, 02:10 AM Reply Like
  • I'm lead to believe it's a very sclerotic and glacial process, so the answer to your question would be: most of the senior management, over the course of the last 18 months.


    Relevance today? Zero!
    12 Feb 2013, 09:12 AM Reply Like
  • I think a better article title might be:


    'Apple Unloads 2 Year Old Phones it Can't Sell in USA Market'




    'Home Depot CEO Gives Employees Toys - hopes they ignore his bonuses and their own poor salary'


    I would think APPL would take more of a hit than BBRY over this, APPL sounds like BBRY 2 years ago.
    11 Feb 2013, 03:37 PM Reply Like
  • BB10 launch receives record sales
    Dubai, 4 hours, 47 minutes ago
    Leading telecommunications company Etisalat has announced that its launch of BlackBerry’s flagship Z10 smartphone witnessed record sales and customer turnout at its business centers yesterday.


    Etisalat was the first operator in the UAE to offer the new device, which was available for pre-orders on to pre-paid as well as postpaid customers in BlackBerry Complete, BlackBerry Unlimited and BlackBerry Global packages.  


    The new device features a powerful and unique new mobile computing experience via the BlackBerry 10 operating system that will offer customers a faster and smarter experience, continuously adapting to their needs and requirements, a statement from the company said.


    This is from an article from the middle east
    I can only assume it means some sort of bad news for blackberry,
    11 Feb 2013, 03:51 PM Reply Like
  • Blue collar guy who up till bb10 disliked rim. Clueless about investing but has followed rim like a dog with a bone. I live in the waterloo area and have gained great respect for what they have brought to the community.
    11 Feb 2013, 03:52 PM Reply Like
  • Although Home Depot dropping BB is significant, let's remember that Blackberry is now approximately 8% of the US smartphone market. It derives far more of its revenues from overseas markets, and has continued to do well in those.


    That Blackberry is not doing well in the US is plain to see. Apple controls 30% of the market here, and Android takes another 50+%.


    It is highly probable that this transition had been planned for way in advance of the announcement, and likely before Home Depot could have had any significant interaction with the new BB10 devices.


    Of far more interest will be whether companies continue to transition off Blackberry post BB10.
    11 Feb 2013, 05:29 PM Reply Like
  • Eh, kmi? How is this decision, that will have been more or less fixed, many months before the Z10 was available, "significant"?
    12 Feb 2013, 09:16 AM Reply Like
  • It's significant in that it isn't a company switching to the more popular Bring Your Own Device model, but a company allocating resources in order to support a competing product.
    13 Feb 2013, 02:10 PM Reply Like
  • For old, second hand i-phones? What is the significance, then?
    14 Feb 2013, 10:11 AM Reply Like
  • Apple iPhone and iPad iOS 6 network problems linger on.
    11 Feb 2013, 07:14 PM Reply Like
  • Got me some 17 calls that expire on friday
    11 Feb 2013, 11:24 PM Reply Like
  • Obama Administration is circling the US Corporate Wagons in support of US Companies and jobs. Soft Protectionism in an otherwise " free market" World. All understantable given the Economic prediciment. However I'm most interested in identifying the best growth potential. I fail to understand the hostile discourse in this debate unless one has skin in the game , a short on either horse. and struggling to persuade. The decision is surly a personal one. Each to their own. The outcome is not yet me. I am forced to quote Oscar Wilde at this juncture and declare that "the suspense is killing me, I hope its lasts."
    11 Feb 2013, 11:34 PM Reply Like
  • Wonder what would BBRY stock be when Pres. Obama flash his new BB10 for all to see?
    11 Feb 2013, 11:53 PM Reply Like
  • Why can't BB hand out BB10 devices for Obama and his staff free of charge?
    12 Feb 2013, 12:56 AM Reply Like
  • (BBRY) "continues to get whipsawed"


    Um, the stock has been rocking. Where have you been? Sure it pulled-back some.
    12 Feb 2013, 09:56 AM Reply Like
  • BBRY needs some hard sales data to show the market how they are doing, which is not percentage sales gains over relating to an undetermined old BB product. Anyone have any idea when that will occur?
    12 Feb 2013, 12:08 PM Reply Like
  • It took almost 2 quarters after the release of (AAPL)'s iPod before the stock took off. That is when the sales data started to pay off on the income statements. So one could expect the stock to wobble for awhile.
    12 Feb 2013, 06:03 PM Reply Like
  • Over the next two to three quarters if $BBRY shows a strong FCF growth the stock price should take care of itself. Also, if $BBRY does succeed as we expect it to then, also expect $BBRY to start paying dividend to its stock holders (remember that the value investor Prem Vatsa is on their board) - so I expect that to happen sometime in 2014 if $BBRY does make a turnaround as we expect it to.
    13 Feb 2013, 02:06 AM Reply Like
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