Seeking Alpha


Send Message
View as an RSS Feed
View Davidoff's Comments BY TICKER:
Latest  |  Highest rated
  • Apple Stabs BlackBerry In The Heart [View article]

    Companies such as GOOG, CSCO, MSFT, AAPL and FB signed an NDA to have a full look into BBRY business just a year ago and not one single Western IT company made a public offer to buy BBRY out. If you take into account all the cheering of BBRY's security system all over the Internet, you'd suppose that everyone would start a bidding war to get that "treasure". But no. Even at less than $4.8B with 1.5-2B in cash, not one single IT giant decided to make an offer. Our legendary bulls, on the other hand, think that they discovered a treasure map and they think knowing BBRY from behind their PC screens and by googling it 24/7, better than CFOs who signed an NDA. Today BBRY has less assets, less cash, a billion dollar debt, much less revenue and their already very old patents have got even closer to the expiration date. Since no one made any efforts to purchase BBRY at least for its security after seeing the whole company from inside, I think it's way more safe to say that they are pretty screwed. Their last hope wanished with AAPL and IBM.
    Jul 23, 2014. 04:24 PM | 12 Likes Like |Link to Comment
  • Apple rallies post-earnings; Street focuses on margins, iPhone 6 [View news story]
    I'm not saying that you're wrong, but what does matter is the brand recognition. What is inside the phone, who produces it or whose technology is being used doesn't matter to an average Joe. You can make the exact same phone as the iPhone, if it doesn't have the little apple on the back, it won't sell as well.
    Jul 23, 2014. 12:34 PM | 2 Likes Like |Link to Comment
  • Apple rallies post-earnings; Street focuses on margins, iPhone 6 [View news story]
    It's still a Chinese phone. China is far from having the same image as Japan in the nineties, but it should come pretty soon. No matter what Xiaomi executives say, a high end phone can't worth that cheap to be adopted by snobbish consumers, so it's years away of Apple. Xiaomi is rather a potential thread for Android makers. I know that many people are already ready to purchase a Chinese tech product, but I also know that it's completely unthinkable for most of consumers. In any case, there are a lot of "established" phones that could be purchased for $320 any asp decrease even faster on this highly competitive market.
    Jul 23, 2014. 12:13 PM | 2 Likes Like |Link to Comment
  • Apple's CC: iPad sales, margins, M&A, cash balances discussed [View news story]
    Since when do you need my approval on your earnings? You made cash, good for you! What do I care?
    Jul 22, 2014. 07:30 PM | 2 Likes Like |Link to Comment
  • Apple's CC: iPad sales, margins, M&A, cash balances discussed [View news story]
    If market was overvalued I'd want to earn cash.
    Jul 22, 2014. 07:22 PM | 3 Likes Like |Link to Comment
  • Apple's CC: iPad sales, margins, M&A, cash balances discussed [View news story]
    iPhones still have a lot of potential buyers all over the world. In a year a lower end ~$300 iPhone must be released and it will conquer the developing markets. Asia, Africa, South America and Europe are about to be taken over. All Apple has to do is not to wait too long before the release, cause high end iPhone's tremendous demand is the key to success of the cheaper models. And Apple should obviously not release it in North America and the wealthy European countries.

    iPad is a completely different story. The upgrade cycle turns around 2-4 years for an average user. These tablets are so good, that no one feels the need to upgrade them every year. Personally (I know that it's not representative, but still), I bought the first generation iPad and iPad 4 about a year ago, but only because the first generation wasn't supported by the new updates and got way too slow. After over 6 years, my first iPad still works perfectly (bought in 2008), but specifications got too old for apps and the OS. It's the perpetual constraint in the industrial economy - quality vs. upgrading cycle (early 20th century Ford vs. GM).

    Nothing to say about Macs. Best computers on the market. Same thing with iPods even though they became quiet obsolete, besides for fitness.
    Jul 22, 2014. 07:18 PM | 3 Likes Like |Link to Comment
  • Apple beats EPS estimates, but guides light [View news story]
    Leave the poor guy in his basement he still hasn't covered.
    Jul 22, 2014. 04:50 PM | 6 Likes Like |Link to Comment
  • BlackBerry: Leaked Passport Video Highlights New Device [View article]
    Weight is a matter of perception. After iPhone it's really hard to purchase a heavier phone (+700m users), same with Galaxy. We will see how much it is going to weight, but as I said it's a concern.

    "On another note though, I've been seeing more people actually having a BB such as the Z10 or Z30 you suggested."

    I'm simply basing myself on BBRY official numbers. But it's true. I have a lot of friends who bought Z10 for €149 unsubsidized about 6 months ago and they are very happy with their choice. But they'd have never bought it for €650 (release price), or even for €229 (second best price).
    Jul 21, 2014. 10:08 AM | 3 Likes Like |Link to Comment
  • BlackBerry: Leaked Passport Video Highlights New Device [View article]

    1. CLASSIC, Z3, PASSPORT, when how much...? We've been hearing about these phones for months now, but still no news and speculations about when and where they'd finally get released. BBRY are very slow with their releases, while they have to act fast.

    2. That should be wise, regarding the Z10 and Q10 write offs.

    3. Come on, go back to earth. 30m iPhones sold PER QUARTER VS 500k BB10 devices. The elasticity is obviously not the same.

    4. Too heavy for 2014. Better?

    5. "Suggesting the Q10, Z10 or Z30 have "the exact same functionalities" is like suggesting I can accomplish the same amount of work whether I'm using Windows 7 or Windows 95."

    You can't be more wrong. With OS updates 3-4 year old phones have the exact same functionalities. iPhone 4s vs iPhone 5s with iOS7 do the exact same things, 4s is just slower. Same thing with Android, WP and BB.


    New BB's are way too expensive for enterprises. I wasn't very impressed by Nanthealth deal. Tiny stake for spillovers that might take years, while other companies were present in that area way before BBRY.
    Jul 21, 2014. 09:54 AM | 2 Likes Like |Link to Comment
  • BlackBerry: Leaked Passport Video Highlights New Device [View article]
    iPhone and BBRY aren't comparable at all. If price didn't matter, Q10 and Z10 wouldn't have raised so many eyebrows regarding their completely inadequate prices.

    "I don't get the impression that this phone is heavy though."

    Based on the photo? Right... 0,14 oz at most.

    "A better experience when reading things. Especially important documents."
    Z30 if you're a BB fan for 40-50% of the Passport's price. But once again, it's important to see a test made by someone impartial. I'm not fond of square screens. I think that most of the people will say that either the screen is too big, either it's too small, like it's always the case with square screens. The keyboard is also very atypical. BB fans might not like it and regular consumers will probably hate it.

    "I'm thinking of getting it"

    Like many people out there, a lot of people think about buying a BB but extremely few buy them.
    Jul 21, 2014. 09:46 AM | 2 Likes Like |Link to Comment
  • BlackBerry: Leaked Passport Video Highlights New Device [View article]
    Same story all over again. Likewise with BB10 and TH, BBRY seems to hang on one single phone and it's expectations. If it sells well, shares will soar, if it sells by 300k/quarter again BBRY will face a huge slump.
    First of all I'd like to congratulate BBRY for its brilliant idea of pad keyboard. They found a way to innovate the over a decade old track pad and it's a success. However there are once again three major concerns. First of all the price. Considering the specs, this phone might cost over $900 not subsidized and it's simply not sustainable. Second concern is the weight. With a rumored ~3200mAH battery, the phone should be extremly heavy. And finally, who is the targeted client? Consumers might not buy a heavy phone with funny design, while corporation prefer to spare money by any means. Why would companies buy the new Passport, while they can buy q10, z10 or z30 for 1/4th of the Passport's price and having the exact same functionalities.
    Jul 21, 2014. 09:10 AM | 2 Likes Like |Link to Comment
  • Google +3% as Street praises share gains, pricing [View news story]
    Dot-com bubble, here we go again!
    Jul 20, 2014. 06:30 PM | Likes Like |Link to Comment
  • Apple, IBM in far-reaching enterprise partnership [View news story]
    Look kid, I really don't care about all that crap, that's not what investing is about. Don't even bother responding, I'm switching my notifications off. Seriously, who are you trying to convince that you made the right trade, me or yourself? I obviously don't care about your portfolio and your delusional BBRY cheers. The only thing that matters to me is figures. If you prefer to read that geeky stuff, then you obviously have nothing to do in investing, cause that's not what you should look at in order to make profits. No one cares about niche markets on Wall Street. Whereas BBRY sells 20k "secured" phones to some government, Apple sells 30m iPhones all over the world. See the difference? Secured or not, it simply doesn't matter to consumers, it's just a plus. And the fact that some German politicians don't use iPhone anymore doesn't matter to the younger generations, they simply don't read newspapers. Today AAPL announced that it's going after corporate market too. Considering their abilities and their hundreds of billions in cash, I'd say that they have much higher chances to succeed than BBRY.

    2.500€ is the price of a 4GB card. What do you think Merkel is doing, playing some flash games on her phone? I assume that she uses at least a 32GB version.

    A little lesson on how devices get hacked. Each OS is more or less 100% secured. The only thing that is "hackable" is the user himself. What happens is that the user presses on the wrong link, opens an infected attachment, or downloads the wrong app. That's how devices get hacked in 99% of cases. So no matter how secured your device is, the user is always the weakest link. That's the main reason why a basic BBRY isn't much more secured than any other phone. There are millions of apps and companies don't even check what kind of apps they put on their stores. Any content is a potential threat to your device's security.
    Jul 15, 2014. 10:10 PM | 9 Likes Like |Link to Comment
  • Apple, IBM in far-reaching enterprise partnership [View news story]
    John Kostanes,

    Yes, it's so much more refreshing to be hacked by Canadians in stead of NSA! Strangely enough, regardless of your highly subjective claim, there are much more companies using Android, iOS and even WP than BB. So maybe BBRY is actually the best, but for me, as a rational investors, figures simply don't prove your desperate cry in the dark.


    Do you have a link to that claim? Canadian government blocked Lenovo's bid only. I'd be quiet surprised if you would be able to prove your statement with an article, cause I followed BBRY's fire sale very closely.


    Angela Merkel was using an old 10 year old Nokia. A couple of months ago she received her BBRY that was ordered over a year ago (not a basic model obviously). What Obama, Merkel and others use is not a basic BBRY that is being sold at Verizon. Merkel's Z10 is worth thousands of euros and it was developed by BBRY, but mostly by the German Defense Ministry experts. The OS was reworked by German spy agency and an encrypted MicroSD card was inserted, that is worth €8.000 alone. BBRY is interesting for these governmental agencies because security agents can secure the OS easier than other phones (no need to develop a new OS). They use a BB10 base and create the secured code that they want. So even though it's pretty great to have a "security friendly" OS, a basic BB is barely more secured than iOS or Android. If you think that Merkel's BBRY can't get hacked or that a random BBRY from Walmart is as secured as the governmental BB's, you're completely lost in your dreams.

    "Canadian crown jewel" is simply the most ridiculous thing that can possibly be said about BBRY. Canadian economy isn't blooming, but I doubt that a struggling little $5B company could possibly be called a jewel. So yes, a Chinese company buying BBRY could raise some red flags, but I doubt that AAPL, if they tried to purchased it, would have serious troubles in doing so. The thing is, they didn't even try. Only GOOG and ORCL "announced" their interest, but didn't even make a bid. Obviously, that's the main thing that I hate about European and Canadian governments. They put their noses where they don't belong. You pay taxes, you hire people, you make investments and in the end of the day, if you fail, you pay, but if you succeed you barely own your company, it becomes a "national treasure".

    Who knows what could happen in 2-4 years from now. BBRY is losing $50-200m per quarter and they are still down 50% on revenue Y/Y. Their only marketing argument today is security, but MSFT, ORCL, AAPL, GOOG and others, move really fast on that issue. It's important to emphasize that unlike BBRY, they do have billions to invest in new technologies. I'm not saying that there is no cash to make on BBRY, but it's a complete gamble and it just doesn't worth it. In 2 years from now, BBRY might simply not be relevant anymore in security as well.
    Jul 15, 2014. 08:28 PM | 7 Likes Like |Link to Comment
  • Apple, IBM in far-reaching enterprise partnership [View news story]
    I believe that if BBRY was offering something that AAPL needed in order to optimize its security, AAPL would have bought BBRY out for peanuts. If AAPL paid $3B for Beats, they could obviously have paid a billion or two for BBRY's security department, knowing that BBRY was set for sale for about $4B. Nevertheless they didn't and no one else bought them, so in my opinion BBRY is just a balloon. Today everyone recognize that mobile security is the next big thing in the IT. It's simply crucial for the coming years. But no one, not AAPL, GOOG or even MSFT decided to buy BBRY out. Why? Certainly because they don't have a damn thing, it's all bluffing. You miss the bigger picture. BBRY is just a tiny collateral victim of that agreement. IBM and AAPL are obviously going after MSFT, which is today the big whale in the corporate market.
    Jul 15, 2014. 05:25 PM | 26 Likes Like |Link to Comment