BlackBerry Ltd.(BBRY)- NASDAQ
  • Mar. 26, 2013, 5:55 PM

    Bulls and bears continue to duke it out ahead of BlackBerry's (BBRY) Thursday's FQ4 report. Jefferies' Peter Misek (bull) recently argued on CNBC (video) BlackBerry could generate $4/share in EPS in 3-5 years even with modest market share and service revenue expectations. Opposing him was Nomura's Stuart Jeffrey (bear), who brought up the threat posed to service revenue from the likes of Good Technology. Today, National Bank's Kris Thompson, another bear, argued BlackBerry needs to price the Z10, which sells for well over $600 unsubsidized, more aggressively.

    | Mar. 26, 2013, 5:55 PM | 19 Comments
  • Mar. 26, 2013, 11:53 AM

    T-Mobile USA (DTEGY.PK) will start selling the iPhone 5 (AAPL) on April 12. In tune with the carrier's embrace of subsidy-free plans, the 16GB model will be sold without contract for an up-front cost of $100 and a 2-year, $20/month installment schedule (total cost of $580, a little below the phone's unlocked price of $649). T-Mobile, which is (finally) launching a 4G LTE network in 7 cities, will also sell the BlackBerry Z10 (BBRY) and Samsung's Galaxy S IV. The carrier plans to offer 4G coverage to 100M people by mid-year, and 200M by year's end. (live blog) (PR)

    | Mar. 26, 2013, 11:53 AM | 9 Comments
  • Mar. 25, 2013, 2:09 PM
    Wireless hardware distributor Brightstar was the company that placed an order for 1M BB10 (BBRY -3.6%) phones, Detwiler Fentor reports and AllThingsD confirms. Detwiler notes Verizon relies on Brightstar to handle "big-box retail and dealer agent channels," and thinks the order indicates Verizon is trying to mitigate inventory risk by having a distributor handle sales.
    | Mar. 25, 2013, 2:09 PM | 30 Comments
  • Mar. 25, 2013, 1:42 PM
    Wells Fargo and Jefferies do their best to defend BlackBerry (BBRY -3.6%) as shares fall due to Goldman's downgrade and reports of a soft AT&T Z10 launch. "We think demand is slightly better than our very modest expectations," writes Jefferies' Peter Misek after conducting checks at 30+ stores. He adds Z10 interest from AT&T's business channels is healthy, and that checks indicate Verizon's business sales are strong. Wells Fargo's Maynard Um says he thinks Z10 sales to BlackBerry's installed base remain solid.
    | Mar. 25, 2013, 1:42 PM | 18 Comments
  • Mar. 25, 2013, 8:02 AM

    BlackBerry (BBRY) slides another 6.2% premarket, with Goldman cutting to Hold amid the soft AT&T launch. Citigroup reiterates its $6 price target, saying internal checks show sales of the Z10 have dramatically slowed and carriers have shifted promotions to other products. "Shockingly low support by AT&T with extremely limited signage ... most AT&T employees (have) not even been trained on the device."

    | Mar. 25, 2013, 8:02 AM | 31 Comments
  • Mar. 22, 2013, 6:25 PM
    "We are talking about a mobile-computing experience that makes sure that for you as a user, you only have to carry one computing device," speaks Thorsten Heins, pitching the idea of BB10 phones acting as tablet/PC replacements with the help of peripherals. He claims BlackBerry (BBRY -7.7%) is studying "various configurations," and will discuss some of them at the May 14-16 BlackBerry World conference. Asus and Motorola have experimented with the docking station concept, with modest success. (WSJ Z10 report)
    | Mar. 22, 2013, 6:25 PM | 10 Comments
  • Mar. 22, 2013, 2:55 PM

    BlackBerry (BBRY -6.9%) plummets as the WSJ reports AT&T (T) "doesn't appear to be highlighting" the Z10 on its launch day, or "giving it prominent shelf space at its stores." The paper observes "fewer than 20 people" arrived at two Manhattan AT&T stores to see the Z10, and that a San Francisco store chose to display it "at a back corner of the store, away from a large sign advertising the iPhone 5." (earlier)

    | Mar. 22, 2013, 2:55 PM | 65 Comments
  • Mar. 22, 2013, 11:46 AM

    On a day when AT&T has begun selling the BlackBerry Z10 (BBRY +0.6%), Deutsche's Brian Modoff is raising fresh concerns (previous) about U.K./Canada sales. "Over the past week two carriers in Canada have cut prices on the Z10, suggesting to us lessened demand and possible margin pressure ahead." Modoff says his team contacted 60 stores in its latest round of checks, and failed to find a sellout. Thursday's FQ4 report should provide some color on early sales. (Detwiler Fenton) (Morgan Stanley)

    | Mar. 22, 2013, 11:46 AM | 49 Comments
  • Mar. 21, 2013, 4:11 PM
    Checks indicate U.S. consumer pre-orders for the BlackBerry Z10 (BBRY +1.1%) "have been light and well below expectations," says Detwiler Fenton's Jeff Johnston. AT&T began taking pre-orders on March 12, and Verizon 2 days later; both carriers will start actual sales within a week. He thinks FY14 BB110 sales are likely to be in the 13M-15M range, below the ~25M forecast by others. "BBRY has done a nice job with the OS; however, they need to figure out how to overcome the lack of mindshare their products have." (Goldman/Jefferies)
    | Mar. 21, 2013, 4:11 PM | 46 Comments
  • Mar. 21, 2013, 1:32 PM
    "We are not dumping BlackBerry (BBRY +2.1%) as Electronista and others have indicated," says a DoD spokesman. "We're moving to multiple devices, and that includes BlackBerry." The spokesman doesn't appear to confirm or deny the part of Electronista's report that mentions an order for 650K iOS (AAPL) devices will be placed. The DoD currently deploys 470K BlackBerrys to go with 41K iOS and 8.7K Android devices. Update: Electronista's sources continue to insist the iOS order is on tap, pending the end of the sequester.
    | Mar. 21, 2013, 1:32 PM | 18 Comments
  • Mar. 20, 2013, 5:50 PM

    The DoD will place an order for 650K iOS (AAPL) devices - 210K iPhones, 120K iPads, 100K iPad Minis, and 200K iPod touches - following the end of the sequester, Electronista reports. The iOS gear will reportedly be used to replace BlackBerrys (BBRY) - the DoD currently has 470K in operation - and would come ahead of the planned implementation of a "platform agnostic" device policy in Feb. 2014. Electronista previously reported the DoD had largely ended BB10 testing due to budget cuts.

    | Mar. 20, 2013, 5:50 PM | 59 Comments
  • Mar. 20, 2013, 9:28 AM
    BlackBerry (BBRY) +5.8% on a two-notch upgrade to Overweight from Morgan Stanley's Ehud Gelblum. Gelblum, who had cut shares to Underweight in June when they were trading at $9.86, sees BB10 lifting ASPs and margins even as services attach rates slump He also sees a future for BB10 in the mid-range and raises the possibility of a partnership with Samsung or LG, but considers it unlikely the OS will become the world's #3 smartphone platform. FQ4 results are due in 8 days.
    | Mar. 20, 2013, 9:28 AM | 49 Comments
  • Mar. 20, 2013, 9:10 AM
    Premarket gainers: OMPI +28%. GEVO +17%. CIE +7%. WSM +6%. ADBE +6%. BBRY +5%.
    Losers: ECT -9%. CIG -9%.
    | Mar. 20, 2013, 9:10 AM | 7 Comments
  • Mar. 19, 2013, 5:39 PM
    A new PlayBook is on BlackBerry's (BBRY) roadmap, product management chief Mike Al Mefieh tells Emirates 24|7 - Thorsten Heins recently downplayed the likelihood of a new BlackBerry tablet over the near-term. Al Mefieh states the PlayBook launch will be on top of the 6 BB10 devices BlackBerry has said it would release this year. Sources attending a BlackBerry user forum tell the site (take this with a grain of salt) a BB10 tablet could be ready by the end of Q2, and that the device will likely be a 10" model.
    | Mar. 19, 2013, 5:39 PM | 20 Comments
  • Mar. 18, 2013, 12:20 PM

    There will be 100K BB10 apps available when AT&T begins selling the BlackBerry Z10 (BBRY) on Friday, Thorsten Heins promises. Heins boasted of 70K apps at his company's Jan. 31 BB10 launch event. Heins also declares the iPhone's UI "five years old," states BlackBerry is in talks with major BB10 app holdouts such as Netflix and Instagram, and suggests a BB10 tablet won't be arriving in the near-term. "I think the [tablet] profit pool is very very thin. Kudos to Apple (AAPL), I think they really managed to own that space."

    | Mar. 18, 2013, 12:20 PM | 12 Comments
  • Mar. 14, 2013, 4:21 PM
    Bullish notes from Goldman's Simona Jankowski and Jefferies' Peter Misek didn't stop BlackBerry (BBRY -3.8%) from giving back some of yesterday's gains. Jankowski sees 2M-3M BB10 shipments apiece for the May-November quarters, and says Z10 checks at nearly 40 stores in 4 countries indicate "most stores had a successful launch week, followed by steady demand." Misek says his checks indicate build orders have been raised 3 times in 6 weeks, and speculates the 1M-unit order likely came from a U.S. carrier or a top distributor (Ingram Micro/Brightstar).
    | Mar. 14, 2013, 4:21 PM | 19 Comments
Company Description
BlackBerry Ltd. develops hardware and software solutions for mobile communications. It provides platforms and solutions, which support multiple wireless network standards through the development of integrated hardware and software services. The company's solutions provide access to information,... More
Sector: Technology
Industry: Diversified Communication Services
Country: Canada