RIM death watch

[Hugo Drax]

Trailing 12 months FCF is $800 million. No debt. $3 billion in cash on the books.

Sorry, I read.

Don't mean shit when your long calls are OTM and will be expiring worthless and your long stock position is in the red.

 

[NetWareHead]

Lol

 

[theevilsharpie]

Windows overtakes BlackBerry OS

Microsoft’s Windows has become the third most popular smartphone operating system in the world, overtaking the BlackBerry OS for the first time.

But the two are still well behind Android and iOS, which had 79 per cent and 14.2 per cent of the global market respectively for the second quarter of this year, according to a report.

Microsoft managed 3.3 per cent of the market for the same period, with 7.4m units sold worldwide, while BlackBerry fell into fourth position with only a 2.7 per cent market share and 6.1m units sold.

This time last year, BlackBerry was ahead with 7.9m units sold and a 5.2 per cent market share, with Microsoft on a 2.6 per cent share and 4m units.

 

[IHateMyJob2004]

Don't mean shit when your long calls are OTM and will be expiring worthless and your long stock position is in the red.

That's funny, my portolfio says different. By yes, some of my calls are at high strikes. Not all of them though. And don't worry, my actual stock is actually in the green.

But you obviously know what my portfolio looks like.

 

[buletaja]

Calm down

 

[trmiv]

Our company just announced we are shutting down our BES at the end of the year. We barely have any users on it after most migrated to iOS/Android, and it just wasn't worth it financially to upgrade the BES servers to support Blackberry 10.

 

[PimpJuice]

That's funny, my portolfio says different. By yes, some of my calls are at high strikes. Not all of them though. And don't worry, my actual stock is actually in the green.

But you obviously know what my portfolio looks like.

2 years and you're still hawking BBRY in these threads. If you're a man of your word, and kept buying when it dropped, you should be in the red by now. I can't imagine even you would be dumb enough to keep buying regardless of what you keep stating on here.

 

[theevilsharpie]

Looks like BlackBerry might be thinking of spinning off BBM into a separate company.

http://www.zdnet.com/blackberry-mulling-bbm-spin-off-ahead-of-potential-company-sale-7000019903/

BlackBerry is reportedly looking into spinning off its instant messenger division into its own separate company

The report from The Wall Street Journal on Tuesday, citing sources familiar with the matter, said a separate BlackBerry Messenger company would operate with "more independence."

Details were scarce: although, the subsidiary would be named BBM Inc., according to the report.

It comes at a time where the Canadian smartphone maker continues to weigh up its strategic options ahead of a potential sale. Earlier in August, BlackBerry announced the forming of a special committee to, among others, "possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions."

<snip>

My prediction: Within a year, BlackBerry will spin off its software assets into its own company, and wind down the hardware production division.

 

[Hugo Drax]

That's funny, my portolfio says different. By yes, some of my calls are at high strikes. Not all of them though. And don't worry, my actual stock is actually in the green.

But you obviously know what my portfolio looks like.

nope. incorrect answer.

 

[IHateMyJob2004]

2 years and you're still hawking BBRY in these threads. If you're a man of your word, and kept buying when it dropped, you should be in the red by now. I can't imagine even you would be dumb enough to keep buying regardless of what you keep stating on here.

Ya, I'm pretty much done buying anything. I bought on the most recent drop but that's the end of it. After the recent quarter, I've pretty much had it. I'm mostly mad about hte lack of BB10 sales. I thought it would be a million higher than it was.

It's going to be interesting watching BBRY for the next two years. BES 10 should make money but I think people are overly optimistic on the MDM sector as a whole. It's a small sector. Worth maybe $2 billion in revs a year as a whole. The only real hope is that BB10 phones sell with BES10 as companies sign on.

Time will be the judge.

And yes, I wish I dumped all my stock/options a year ago. The only saving grace was that I dumped alot of my 2014 calls the day before the last quarterly report.

Only two things can help short term:
1) BBRY is bought out
2) A surprise to the upside next quarter.

I do think BBR will turn the corner (earnings wise). I thought Q4 would be it but I'm worried about that now.

I am still curious about revenues though. Revs did jump $200 million in the recent quarter post BB10 release. And FCF is still positive.

Things are not as good as they used to be, but things are not dire. The problem is predicting if BBRY will experience growing or declining revenues over the next 8 quarters. If they grow, the stock should do fine.

 

[NikolaeVarius]

http://www.theverge.com/2012/2/21/2789676/rim-blackberry-mike-lazaridis-jim-balsillie-lost-empire

Great article on the fall of Blackberry. Didn't even realize that BB was worth under book price earlier in the year.

 

[Rudee]

Just a matter of time before Apple is in the same position as Blackberry in terms of market share in respect to mobile phone sales. The amount of people jumping ship from Apple to Android is astounding.

Six years ago practically everybody had Blackberries. Then four years ago practically everybody had iPhones. Now I see practically everybody with Android phones.

 

[IHateMyJob2004]

Just a matter of time before Apple is in the same position as Blackberry in terms of market share in respect to mobile phone sales. The amount of people jumping ship from Apple to Android is astounding.

Six years ago practically everybody had Blackberries. Then four years ago practically everybody had iPhones. Now I see practically everybody with Android phones.

Tech changes quickly.

I love my Z10. I think it makes Android and iOS look bad (as an OS, ya there is an app gap). I know BB10 might never take off.

But point is, if you told people 3 years ago that iOS might get killed by Android, people would call you an idiot. This was only 3 years ago.

In 3-5 years no one knows who will be dominant. It could be Microsoft. Having gone into Best Buy recently, I really think Microsoft could take over. They are spending some serious money for product placement and in store ads.

Every time i walk by an Apple store though, I am amazed. The place is packed. And Microsoft kiosks are empty.

Of course, smart phone commoditization will occur eventually. That should make for interesting times. It's already starting with the GS4. I know more than one person that waited for it and when they saw it, they laughed. They went out and got the GS3 and saved $150.

 

[CZroe]

Tech changes quickly.

I love my Z10. I think it makes Android and iOS look bad (as an OS, ya there is an app gap). I know BB10 might never take off.

But point is, if you told people 3 years ago that iOS might get killed by Android, people would call you an idiot. This was only 3 years ago.

In 3-5 years no one knows who will be dominant. It could be Microsoft. Having gone into Best Buy recently, I really think Microsoft could take over. They are spending some serious money for product placement and in store ads.

Every time i walk by an Apple store though, I am amazed. The place is packed. And Microsoft kiosks are empty.

Of course, smart phone commoditization will occur eventually. That should make for interesting times. It's already starting with the GS4. I know more than one person that waited for it and when they saw it, they laughed. They went out and got the GS3 and saved $150.

Well, I've been waiting for the Galaxy Note 3 so let's see what happens. 🙂

 

[silverpig]

Thorsten is a hardware guy. Hardware isn't the differentiating factor.

BBRY needs service revenue. They could put together so many awesome software / service packages but seem to be completely ignoring it.

 

[futuristicmonkey]

Don't mean shit when your long calls are OTM and will be expiring worthless and your long stock position is in the red.

Being in the red doesn't mean anything until you sell.

I wonder how many people giving IHMYJ2004 crap, are actually short the stock?

 

[theevilsharpie]

Only valid argument left is that people may have held out for the keyboard version...

Yeah, about that...

WSJ: Sales of BlackBerry's Q10 Keyboard Phone Fall Flat

When BlackBerry Ltd. BBRY -1.36% Chief Executive Thorsten Heins was asked why he decided to start selling the company's new keyboard-equipped smartphone months after a new touch-screen device, he said it was because BlackBerry "owned" the keyboard phone market and could afford to wait.

That decision appears to have backfired. Sales of the keyboard-equipped Q10, which BlackBerry hasn't discussed publicly, have been dismal, according to carrier executives and retailers in the U.S. and Canada.

Those indications cast a shadow over what had been BlackBerry's best hope for getting back into a smartphone market dominated by Apple Inc. AAPL -0.91% and Samsung Electronics Co. 005930.SE +1.03% They also show the urgency of the company's decision earlier this month to explore options including a sale of the company.

Chris Jourdan, who owns and operates 16 Wireless Zone stores in the Midwestern U.S. that sell Verizon Wireless products, said customers didn't show up for the Q10 as expected. His stores only ordered a few of the devices per location and "the handful that sold were returned."

"We saw virtually no demand for the Q10 and eventually returned most to our equipment vendor," he said.

<snip>

Edit: Before anyone says "but, but... Canada!",

In Canada, BlackBerry's home turf, the Q10 was expected to sell briskly. But sales appear to have fallen flat there as well.

"I think we'd all say that the Q10, the one we all thought was going to be the savior, just hit the ground and died," an executive at a Canadian carrier said. "It didn't drive the numbers that anybody expected."

 

[Imp]

Two coworkers are still Blackberry "fanatics" -- one's 36, other is 45-ish. One bought a Q10 on release, the other one is still using a one or two gen old Bold. She still hasn't been convinced to get the Q10. Everyone else I know has moved on to iPhones, then to Galaxies, and probably back and forth.

 

[Bateluer]

an executive at a Canadian carrier said. "It didn't drive the numbers that anybody expected."

Most people didn't really need a crystal ball to know the Z10 ans Q10 were going to fall flat. There were 18 months late to a market that had already moved on.

At least Palm tried some thing and delivered most of it to market on time with the Pre. RIM will be remembered as the company that buried their head in the sand while the customers all bought iPhones and Androids.

 

[Doppel]

Yeah, about that...

WSJ: Sales of BlackBerry's Q10 Keyboard Phone Fall Flat


Edit: Before anyone says "but, but... Canada!",

Exactly what 95% of the people in this thread knew would happen. The remaining 5% were blinded by, well God knows what blinded them.

This was easy to see. Blackberry is a beautiful example that should be used in future business courses about what happens when a company rests on its laurels. It failed to innovate and in tech more than any other field that is absolute suicide. iPhone came along and redefined the market, then Android. Meanwhile Blackberry is still cranking out postage stamp screen phones. As I mentioned earlier in the thread my last Blackberry took 4.5 minutes to boot. I timed it. That is despicable.

 

[Imp]

It's okay, all the important people came out relatively unscathed (relative to average wage earners) -- by which, I mean the executives.

 

[Doppel]

Things are not as good as they used to be, but things are not dire. The problem is predicting if BBRY will experience growing or declining revenues over the next 8 quarters. If they grow, the stock should do fine.

Not dire? That must be why they are thinking of selling the company.

Things are very dire for BlackBerry. The fact you still cannot see this is why you were so blinded by your support for them before. You truly just need to let them go in your head and question why you have such a minority and, mathematically proven now, incorrect view about the future of this company.

 

[jpiniero]

Well, there's dire and then there's dire. They do have $2.8B in cash. That's going to take a while to burn out.

 

[IHateMyJob2004]

Well, there's dire and then there's dire. They do have $2.8B in cash. That's going to take a while to burn out.

Dude, I think she meant "new math". not that traditional stuff taught in schools.

PS: she also doesn't know the difference between price and value.

 

[IHateMyJob2004]

WSJ reporting that BBRY is trying to sell the company in an accelerated manner via auction process. Probably a submit best offer from multiple people type of situation where BBRY takes the best offer.

With massive short interest .... chooo chooo .... Up to almost $11/share in AH. Opened at $10.38.

Oh, on a side note, I read an article that says the MSFT buyout of Nokia caused $800 million in losses by hedge funds that were shorting Nokia. I heart Microsoft.