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"Our checks indicate Z10 sales in Canada, U.S., and UK remain steady with no excess inventory or...

"Our checks indicate Z10 sales in Canada, U.S., and UK remain steady with no excess inventory or return issues," writes Jefferies' Peter Misek, once more defending BlackBerry (BBRY +2.4%) as other analysts provide a more downbeat take. Also, like SA contributor Michael Collins, Misek reports of strong U.K. Q10 demand on launch day at Carphone Warehouse outlets found within Selfridges department stores. Some expected the Q10 to see a stronger launch than the Z10, given it's aimed more squarely at BlackBerry's traditional base. (previous)
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Comments (29)
  • Kurt Windibank
    , contributor
    Comments (1307) | Send Message
     
    How will the shorts spin this?

     

    Q10 causes deformaties in the unborn?
    29 Apr 2013, 10:21 AM Reply Like
  • hahaha48
    , contributor
    Comments (1318) | Send Message
     
    All those great reports on z10 sales end up to be nothing when the earning reports show only 700000 sold and 1 million shopped. Lets wait for the real number for the q10. if it is less than twice the number for the z10 then BB will have a very difficult time in the future. Meanwhile the hope of q10 will support the stock price.
    29 Apr 2013, 10:26 AM Reply Like
  • LYogi
    , contributor
    Comments (2548) | Send Message
     
    I think those numbers will be able to be gauged well before the earnings report in June.
    29 Apr 2013, 10:29 AM Reply Like
  • UWGrad
    , contributor
    Comments (32) | Send Message
     
    Unsubstantiated false reports need to be rebut each and every single time. Eventually they will not have much influence on the stock price.
    29 Apr 2013, 10:32 AM Reply Like
  • rob1974
    , contributor
    Comments (18) | Send Message
     
    I heard from bnn this morning there still buying more at the present moment lmao!
    29 Apr 2013, 10:31 AM Reply Like
  • Frank Siedler
    , contributor
    Comments (949) | Send Message
     
    Yes, the shorts should wait for the numbers and then they will bleed :-) Nothing can stop BlackBerry any more... the people notice that BlackBerry is back with a great system and they buy it! :-)
    29 Apr 2013, 10:34 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5822) | Send Message
     
    I heard that cell phone sales in developed markets is expected to be flat. Not good for (AAPL) and Samsung. But sales in emerging markets is expected to grow. Good for (BBRY) and (NOK). Like it or not, (BBRY) is more an emerging market play, already #1 in South Africa, Nigeria, and Egypt. And (NOK) dominates low-end phones.

     

    That said, (BBRY)'s sales in the U.S. doesn't matter much to me. The important number in worldwide sales.
    29 Apr 2013, 10:53 AM Reply Like
  • Frank Siedler
    , contributor
    Comments (949) | Send Message
     
    And I have heard that the demand for smartphones is rising, especially in some regions in the world. Not only for cheap smartphones.
    29 Apr 2013, 11:15 AM Reply Like
  • PersephonShropshire
    , contributor
    Comments (137) | Send Message
     
    BBRY is more of an BES10 play imho
    29 Apr 2013, 11:40 AM Reply Like
  • Herr Hansa
    , contributor
    Comments (3086) | Send Message
     
    Blackberry (BBRY) need to roll out lower priced BB10 smartphones over the next couple quarters in order to address emerging markets. At this point the Z10 and Q10 only address developed markets. While there have been some switching platforms, I would expect to see the Q10 become more of a replacement device. Figures and comments from Blackberry a couple years ago indicated that many of their users were on older BB5 and BB6 devices. So the upgrade cycle may give some good numbers, but moving forward we need to see lower priced BB10 devices to continue sales volumes in emerging markets. As I have mentioned many times, market share is far less of a valuable metric as markets reach saturation levels, so we should be watching the Blackberry user base to gauge the growth of the company.
    29 Apr 2013, 02:52 PM Reply Like
  • Greg Penny
    , contributor
    Comments (243) | Send Message
     
    Very good news and should provide a good foundation for the stock to move forward!
    29 Apr 2013, 11:06 AM Reply Like
  • Cyvult
    , contributor
    Comments (4) | Send Message
     
    I am long BBRY, but gentlemen...

     

    ...Peter Misek is just too bullish. Make no mistake, I somewhat enjoy reading his reports but in term of investing/trading, it's like I already know his reports will be bullish before I even read them.
    29 Apr 2013, 11:15 AM Reply Like
  • logicalman
    , contributor
    Comments (763) | Send Message
     
    Of course Peter Misek is bullish,his take on BBRY is not corrupted by the self serving bashers who are working fot the Shorts. Fade out their useless drivel and enjoy the ride UP!!!
    29 Apr 2013, 12:03 PM Reply Like
  • Greg Penny
    , contributor
    Comments (243) | Send Message
     
    Thanks Cyvult, i agree every report should be looked at carefully to make sure it fits the facts. Skepticism is good. Peter has been very bullish, but in looking back his estimates have been closer to the mark that others.....
    29 Apr 2013, 01:29 PM Reply Like
  • Ster14
    , contributor
    Comments (38) | Send Message
     
    Do you think Pete is doing the same as the shorts , only opposite?
    29 Apr 2013, 11:50 AM Reply Like
  • Cyvult
    , contributor
    Comments (4) | Send Message
     
    No. Indeed I think, as you point it out, that it is a very important distinction: that Misek doesn't maliciously distort, unlike some of the short-side analysts.
    29 Apr 2013, 02:21 PM Reply Like
  • PersephonShropshire
    , contributor
    Comments (137) | Send Message
     
    Misek is basing his reports on facts, and he was very bearish for a long time until he changed his view last fall. The bears are basing their report on guesses, dreams our outright lies.
    29 Apr 2013, 12:16 PM Reply Like
  • Verces
    , contributor
    Comments (55) | Send Message
     
    Folks, stay long and we will get rewarded - we wont benefit if we trade BB as this period of time. We need to push up the stock to its proper valuation before you can do so. Otherwise we wont beat the bears on this feat.

     

    Post your position at a higher price to get it out of the inventory to avoid shorts borrowing the shares.
    29 Apr 2013, 12:31 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5822) | Send Message
     
    How do you do that?
    29 Apr 2013, 06:16 PM Reply Like
  • gdavidson1731
    , contributor
    Comments (159) | Send Message
     
    This is the "diamond in the rough".

     

    Moving in the up direction.
    29 Apr 2013, 12:38 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (668) | Send Message
     
    RBC Capital’s Mark Sue certainly can’t be accused of being a BlackBerry bull cheerleader, having made a number of cautious comments about the company’s performance. Today he raised his BBRY sales estimates for 2013 to reflect pent-up demand for the Q10.

     

    “Some people love those buttons,” writes Sue of the Q10, which features a QWERTY keyboard, unlike the purely touch-screen Z10: “Available at Selfridges’s retail stores and online, the launch saw modest crowds. Strong initial sell-through of the Q10 at Selfridges may bode well for launches in the U.K. and Canada, two die-hard BlackBerry markets. Too early to extrapolate early ramp to other end markets.”

     

    Sue opines the Q10 may prompt corporate buyers to get off the fence and upgrade their BlackBerrys, writing, “With reviewers uniformly praising the Q10’s physical keyboard, fast browser, and modern user interface, the Q10 is likely to appeal to the numerous existing enterprise and message-centric BlackBerry users. Many of these users have skipped over the Z10 to wait for the Q10. Enterprise demand takes time to ramp up (given software upgrades and IT dept security approvals) and there’s no denying a shift towards BYOD. Regulated organizations (e.g. banking, legal, government) have delayed BB10 rollouts pending availability of BES10 (BlackBerry Enterprise Server) with SMS/PIN archiving, which is expected in May.” Sue raised his May-quarter (fiscal Q1) estimate for just BB10-based BlackBerry units to shipments of 2.75 million from a prior 2-million estimate. He’s maintaining an expectation for a total of 10.7 million BB10 smartphone shipments this calendar year. http://bit.ly/18fig9L
    29 Apr 2013, 12:46 PM Reply Like
  • alext1379
    , contributor
    Comments (711) | Send Message
     
    Bull reports = facts, analysis and even straight from the horses mouth information (i.e. CPW/Selfridges stated the Q10 was its fastest selling item...in history).

     

    Bear reports = guesses, beliefs, selective fact picking/distortion and outright lying.
    29 Apr 2013, 01:22 PM Reply Like
  • daugherty
    , contributor
    Comments (714) | Send Message
     
    It's curious, though hardly surprising, that Misek would babble about Selfridges without putting it in any real context. From ATD:

     

    "Though it only began shipping in the U.K. a few days ago, the Q10 already seems to be in very high demand. Selfridges & Co., a British department store that had an early exclusive on the Q10, blew through its initial stock within two hours last Friday. And on Monday the store issued a press release declaring the handset its fastest-ever selling consumer electronics product. Said Selfridges exec Julian Slim, “The BlackBerry Q10 has been, without a doubt, the most highly anticipated smartphone we have ever sold and is already our most successful.”
    High praise coming from a revolutionary London department store that’s inspired its own period-drama mini-series (Jeremy Piven!) — but praise best considered with a caveat. A big one, too.
    For one thing, Selfridges & Co.’s smartphone selection is hardly extensive. Piddling is a better word for it. A cursory search of the store’s Web site for “smartphone” returns seven items: Five smartphone cases, a camera and a single smartphone — the Q10. Broadening that search query to “phone” returns 41 items and, once again, the smartphone selection is very limited. There are a half-dozen overpriced Vertus, a $2,000 Porsche-designed BlackBerry, a bunch of Bluetooth handsets, a few Danish-designed telephones and the Q10.
    A search for “Android” returns three items, none of them smartphones. A search for “iPhone” returns no iPhones, just cases. “Samsung“: TVs and audio components. “Lumia”: Wallets. “HTC”: No returns at all, just a cheeky “Did you really mean that?” message.
    In other words, Selfridges & Co doesn’t seem to sell very many smartphones."
    30 Apr 2013, 09:12 AM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (668) | Send Message
     
    As I noted in reply to your post of this excerpt elsewhere, ATD disparaging BBRY's success is hardly surprising. In the introduction to that article BBRY bear Paczkowski even suggests that CEO Heins was throwing out an unsupportable assertion when he said “We have very, very good first signs already after the launch in the U.K. This is going into the installed base of more than 70 million BlackBerry users, so we have quite some expectations. We expect several tens of million of units” for the Q10. (http://dthin.gs/11UzqaW). Would Heins really make such a statement based on sales at one retailer and casually set an 8-figure range target for the Q10? Public company CEOs are accountable for their statements and Heins doesn't have a history of making up forecasts that aren't backed up by results.
    30 Apr 2013, 10:12 AM Reply Like
  • Herr Hansa
    , contributor
    Comments (3086) | Send Message
     
    Check the correction posted from the Wallstreet Journal about Selfridges. There is a Carphone Warehouse store-within-a-store in Selfridges. Easy mistake to make on this, as seen by the WSJ getting it wrong and then posting a correction.

     

    http://bit.ly/10SXlMt

     

    I saw the article on my trading platform this morning. Quickly after that news posted, several "Correction" articles appeared.

     

    Basically, do your research. When you rely upon just one news source, there is a greater chance of error.
    30 Apr 2013, 06:00 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (668) | Send Message
     
    When ATD corrected their story’s hugely inaccurate assumption about limited selection they gutted the whole basis for the original dismissive headline (the best-selling smartphone at one store that doesn’t sell many smartphones). The wording of the correction essentially says "in our rush to judgment we failed to even consider that Europe's largest phone retailer might actually have a decent selection on hand within Selfridges." http://dthin.gs/11UzqaW
    30 Apr 2013, 06:18 PM Reply Like
  • DomAnthon
    , contributor
    Comments (3) | Send Message
     
    A previous comment suggested we enter a sell order at a high price and that will prevent the brokers from lending our stock to the shorts, who are now borrowing our stock to sell against us. I have done just this and hope the advice is valid. I am long and looking forward to the twenties at least.
    30 Apr 2013, 02:49 AM Reply Like
  • gman333
    , contributor
    Comments (45) | Send Message
     
    BB-Q the shorts!

     

    flicked from my supersmart BlackBerry Q10 smartphone device
    30 Apr 2013, 12:33 PM Reply Like
  • LYogi
    , contributor
    Comments (2548) | Send Message
     
    they must be starting to feel toasty.
    30 Apr 2013, 12:41 PM Reply Like
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