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BlackBerry (BBRY -2.8%) slumps after S&P's James Moorman cuts his FY13-15 estimates while...

BlackBerry (BBRY -2.8%) slumps after S&P's James Moorman cuts his FY13-15 estimates while reiterating a Sell. He's worried about the fact Sprint (not the most enterprise-focused U.S. carrier) isn't supporting the Z10, and about the impact of rival spring/summer phone launches. Yesterday, HTC announced the One, its new flagship Android model, and Samsung will reportedly announce the Galaxy S IV on March 14. BlackBerry's newfound volatility has led its beta to spike to 1.65. (yesterday)
Comments (23)
  • Sprint is a small carrier. Both Verizon & AT&T are supporting Blackberry.
    20 Feb 2013, 09:58 AM Reply Like
  • BlackBerry Middle East tweeted: β€œThe new #BlackBerry #Z10 has taken the UAE by storm, accounting for 60% of all smartphone sales according to @axiommiddleeast!”


    Read more:
    23 Feb 2013, 09:31 AM Reply Like
  • Stock has already bounced back to even.
    20 Feb 2013, 10:13 AM Reply Like
  • They have over 300 carriers supporting them internationally, have the major USA carriers on board and signed up 2700 north american corporations for their Blackberry Ready 10 program.....and this analyst omits these facts and rates it a Sell?


    Lets face it, half the analysts are corrupt market manipulators covering their Shorts or drumming up fear so they can by BBRY on the cheap....these analysts have no credibility or dignity.
    20 Feb 2013, 10:17 AM Reply Like
  • Well said cfezziwig
    20 Feb 2013, 10:23 AM Reply Like
  • Sprint will have the Q10...until they realize that their deal with Apple is making them lose market share.


    They should downgrade Sprint instead of BlackBerry.
    20 Feb 2013, 10:24 AM Reply Like
  • They didn't downgrade... They re-iterated a sell - basically protecting their position by trying really hard to dig up any kind of bad news.
    20 Feb 2013, 10:46 AM Reply Like
  • sprint is more than likely still trying to sell the 15 billion Dollars in IPhones that Apple shoved down their throat
    23 Feb 2013, 09:33 AM Reply Like
  • I don't think any carrier can afford 'not to carry BB10' phones. Unless they don't want corporate customers. Even Sprint is not that stupid.
    20 Feb 2013, 10:45 AM Reply Like
  • None of this is new news so what's the big deal? Wait for the actual numbers, they will tell the real story. In Saudi Arabia, one out of the 6 carriers released actual pre-order numbers. In 48 hours they had 4,250 pre-orders. If the other 5 carriers did half as good then 15,000 Z 10 phones were sold before the doors opened. That is in a small market. The UK, Canada and UAE all had the phone before Saudi Arabia along with some other countries in Europe, all have seen signs of strong sales. I think well more than 300,000 phones have been sold already and I think this stock will continue bob up and down until March when we get the real numbers. Then it's all up from there I bet.
    20 Feb 2013, 11:05 AM Reply Like
  • Big Clear Informative advertisments in the Globe and Mail today for BB10.
    20 Feb 2013, 11:18 AM Reply Like
  • take the demo tour and find out for yourself what all the fuss is about:

    20 Feb 2013, 12:05 PM Reply Like
  • That Demo Tour is amazing it even uses the info from my Facebook page right on the Z10 demo.
    23 Feb 2013, 09:38 AM Reply Like
  • These so called 'experts' have a purpose in mind to come out with negative comments. Why not wait until BBRY starts selling in the U.S.
    You ever read the sports pages ? All the experts pick teams to beat the spread and they are wrong about 60% of the least
    By May BBRY will be $25 or higher. If you want to contact me personally please do so at 'electricmike@comcast....
    I have been following BBRY since 1999. Bought a lot a $4 and sold a lot at $125.00. Then you saw what happened after the burst of the tech bubble. BBRY (RIMM) went to $140 split 2:1 back up to $140 and split 3:1.


    Don't believe these jokers.....
    20 Feb 2013, 12:30 PM Reply Like
  • Oh my God, look at all the stocks that slumped today because of this one statement!


    Get real already.
    20 Feb 2013, 12:52 PM Reply Like
  • Apple is cutting orders...what is that about. Maybe they are worried about BBR after all. Apple was expected and expecting to take-over the enterprise business from BBR...but wait...enter Z10 and all has changed. Sell: APPL. Strong Buy: BBR.
    20 Feb 2013, 02:17 PM Reply Like
  • Markets will always move up or the other way given what has being said and or not said, don't worry because the best product always prevail when the smoke clears. The only losers will be investors and corporations of the likes of Sprint. Don't put all your eggs in yesterdays basket.
    20 Feb 2013, 02:18 PM Reply Like
  • This is the way that I see it: (time to do the math – follow along)


    63 M Population of UK
    35 M Population of Canada
    8 M Population of UAE


    106 M Population of where Z10 was launched (1 phone only)


    World population = 6.98B = 1.5% of the world population where the z10 was available.


    Estimate of Z10 sold in the month of February: 300,000
    Time frame: Under 4 weeks


    If the Z10 was launched world wide, based on the same ratio, there would have been 20 Millions Z10 sold in 1 month. = 60 Million Z10 in a quarter.


    Therefore the analyst that called BBRY to sell 1.75M in under 4 weeks is really saying: BBRY should have sold 116M phones if it launched worldwide in February.


    That's awesome !!!!.


    20 Feb 2013, 11:22 PM Reply Like
  • This is just out from UAE:


    How's that?! =D
    23 Feb 2013, 02:44 AM Reply Like
  • the share price pull-back today was an invitation to buy more !!
    21 Feb 2013, 02:20 AM Reply Like
  • I have followed the S&P ratings on many shares b4 and they tend to be very very conservative, on KBHome they have a price target of $12 since november and the stock now trades for $18, I think that S&P is trying to regain some lost credibility after the financial crisis, hence, its hardcore caution. with regards to the 300,000 units apparently sold for this month seems a bit low to me. WE should see who is on the Bear camp: cannacord , credit suisse and some boutique canadian bank. Bull camp: Goldman sachs, RBC, Wells fargo, Jeffreis. I think is better to follow the smart money BULL CAMP.
    21 Feb 2013, 11:43 AM Reply Like
  • Wall Street Journal is running an article about Samsung going after corporate and government clients.


    Anyone who values their security should stick to Blackberry: it's a name you can trust. If you place your sensitive information with Samsung, who knows who they'll SELL your data to!? If this company lacks ethics and can copy Apple and Nokia and deny wrongdoing, who knows what's next? Maybe they'll sell DoD information to a communist or fascist country for $$!!


    Article on Samsung found here. Draw your own conclusions:
    21 Feb 2013, 09:17 PM Reply Like
    23 Feb 2013, 09:51 AM Reply Like
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