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Telefonica (TEF) obtains a $257M credit line from Canada's export agency to purchase BlackBerry...

Telefonica (TEF) obtains a $257M credit line from Canada's export agency to purchase BlackBerry (BBRY) phones and services. The deal comes shortly after the debt-laden carrier obtained a $1B credit line from Sweden's export agency to buy mobile infrastructure gear from Ericsson.
Comments (18)
  • cheznazi
    , contributor
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    wow@ $257 million to purchase $BBRY!!!?? How many units is that? Math experts?
    4 Apr 2013, 02:11 PM Reply Like
  • StephenBB81
    , contributor
    Comments (100) | Send Message
     
    That is approx 600,000 units with an average price of 400.
    Though they are buying services as well and I'm sure BIS infrastructure isn't cheap. Nor BES tools I'm sure they will buy as well
    4 Apr 2013, 02:19 PM Reply Like
  • cn_habs
    , contributor
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    Not taking into account the BBRY services, that's roughly 400k phones assuming a price tag of $600/unit.
    4 Apr 2013, 02:15 PM Reply Like
  • cheznazi
    , contributor
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    thanks @cn_habs and StephenBB81.
    4 Apr 2013, 02:22 PM Reply Like
  • Guest Eh
    , contributor
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    How the bears will spin this news: "BBRY gets pathetic order that falls 600k short of a million sets in a dysfunctional last gasp"
    4 Apr 2013, 02:21 PM Reply Like
  • slcUTAH
    , contributor
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    You're not kidding, Guest Eh. CNBC will say something like: Well, Apple sold millions of phones in one weekend, blah, blah, blah..
    4 Apr 2013, 03:07 PM Reply Like
  • cheznazi
    , contributor
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    @ slcUTAH you still watching that shit channel?
    4 Apr 2013, 03:09 PM Reply Like
  • slcUTAH
    , contributor
    Comments (486) | Send Message
     
    Hi chez:

     

    Not as much. Now I will tune in from time to time just to read the stock ticker running at the bottom. I used to watch it for a few hours every morning but not anymore. They have their agendas and they play favorites. They are by no means neutral. In terms of tech it's obvious they lean towards Apple. IMO, the worst is Jon Fortt (the Silicon Valley guy).

     

    I watched a Thorsten Heins interview conducted by CNBC on the day of the earnings call on-line on some web site. During the interview Scott Wapner was drilling Heins hard. You could tell right off the bat that it was personal. After the interview Jon Fortt was talking trash about BlackBerry and said that Heins is "hoping" BB can survive. Everyone else next to Wapner was mocking BB. It was bad. After that I stopped watching like I mentioned above.

     

    -Cheers!
    4 Apr 2013, 03:37 PM Reply Like
  • MoV1
    , contributor
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    That interview should get everyone at CNBC involved fired!
    4 Apr 2013, 04:09 PM Reply Like
  • cheznazi
    , contributor
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    @slcUTAH - one can really get ulcers or heart attack watching that channel. These people don't give a shit about anybody and dish out advice that they themselves would not carry out. It really appalling how they are allowed to get away robbing people's sanity by making calls that more often than not make people lose money.

     

    That Jon Steward bashing of Cramer should be watched by everyone. Really told him off!

     

    As for their interview with Thor - well, they need to watch Bloomberg's interview that aired the same day. Night and day!!!

     

    http://bloom.bg/WZBApS

     

    :)
    4 Apr 2013, 05:11 PM Reply Like
  • User 326232
    , contributor
    Comment (1) | Send Message
     
    CHEZNAZI- Thank you so much for the link to the Bloomberg interview with Thorston Heins. I saw the CNBC interview but I could not beleive the number of negative questions that were thrown at Thorston . Thorston did a great job of answering all the questions with positive answers. I think some big executive at CNBC must own a ton of Apple shares and is looking for revenge because he knows that BBRY is a serious threat to Apple and Samsung. BBRY will have a tough time cutting into the volume percentage of the other two big smartphone companies but I beleive BBRY can give them a serious run for the money.

     

    I bought Blackberry shares FEB 5th as a trade but now I have turned those shares into a long term investment because I do my homework and I like the numbers I see. Best of luck to all us investors.

     

    Thanks again. It was a nice change to see a professional interview with Bloomberg rather than a negative one by CNBC.
    5 Apr 2013, 05:23 AM Reply Like
  • chattyintrovert
    , contributor
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    Would just like to share the fact that I canceled CNBC from my cable package today. Most useless channel on TV... they should be in jail.
    5 Apr 2013, 06:21 AM Reply Like
  • Guest Eh
    , contributor
    Comments (238) | Send Message
     
    cheznazi and sicUTAH, Personally, I love watching CNBC. CNBC is real world Michael Scott management from "The Office". Great with popcorn. Just see it for what it is. Humor. Also, it is always good to learn what the dark side is saying and what their arguments are. Weigh them carefully to look for any truth and ensure emotion is not clouding our investments. Oh, one more thing, the fact that the Canadian Government insured the sale mentioned above means that this sale is money in the bank for certain. There will be no issues with collecting when the EDC has guaranteed the foreign account.
    5 Apr 2013, 07:46 AM Reply Like
  • jaych79
    , contributor
    Comments (506) | Send Message
     
    I doubt a company would utilize that size of credit line for phones or anything else for that matter if they were not confident in the quality and reliability. This is a very good sign.
    4 Apr 2013, 02:39 PM Reply Like
  • customize
    , contributor
    Comments (73) | Send Message
     
    Thorsten Hein is a 4 star General in terms of CEO's, he held his own, he didn't sweat at all. Everybody right now are on pins and needles, nobody knows what's going to happen in the future. I think between now and this time next year Blackberry will be back where they need to be especially when the Q-10 hit the market late this month. Things are going to bust wide open! yet alone the other 3 to 4 that they'll adding.
    4 Apr 2013, 05:14 PM Reply Like
  • Nick Shadow
    , contributor
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    They will be buying at wholesale, to sell at retail, a guess $420-460 per.
    4 Apr 2013, 05:47 PM Reply Like
  • gl1000honda3
    , contributor
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    This is only the beginning...BBRY is solid...The proof is in the pudding!!! 257m worth....
    4 Apr 2013, 05:47 PM Reply Like
  • Ben Hofstede
    , contributor
    Comments (71) | Send Message
     
    Guys, "phones and services"!!! BBRY doesn't just sell smartphones, but several IT-services as well. I can't believe so many invest in BBRY without knowing anything about their product and service portfolio.
    4 Apr 2013, 05:47 PM Reply Like
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