They are just preparing themselves to be bought out at this point. I don't think they're trying hard to develop anything new. The major tech companies are just circling overhead at this point waiting for them to run out of cash.
Not even 6 months and they are down $1B in cash and you keep claiming they can survive?
They are just preparing themselves to be bought out at this point. I don't think they're trying hard to develop anything new. The major tech companies are just circling overhead at this point waiting for them to run out of cash.
Leveraged buyouts use the company's own cash... Just saying...
How are you going to spin todays news?
How are you going to spin todays news?
Chen said he thinks BlackBerry "has a really good shot" of turning a profit in 2016 and said management will try its best to achieve that. Chen later laughed when an analyst wished him "best of luck."
http://www.latimes.com/business/la-fi-blackberry-earns-20131220,0,3084839.story#ixzz2o3aksANV
How are you going to spin todays news?
Since I had no idea what compman was talking about:
BlackBerry Still Bleeding, Posts $4.4 Billion Third Quarter Loss
My moms law firm is probably going to need a migration soon. What kind of enterprise solution is good for about 200 lawyers and paralegals?
I would wait for John Chen to clarify his OS strategy. If it's switching to Android and dropping in house QNX development, then, combined with their Foxconn manufacturing shift, they could run a lean enough business to stem the bleeding, and get the full app ecosystem benefits of Android. Once they reduce their fixed costs, they can be valued above where they sit based on their assets.
They are staying with BB10. They went with BB10 for a reason. Moving to Android would mean that there is no differentiation for their phone in the smartphone market. It would just be one of about 150 brands worldwide that make Android.
QNX is not just the phone. It is used for embedded systems. They will not exit that market. BB10 is not QNX. What I think you meant is that you think that they should stop BB10 development. I think Chen made a comment that made it clear that this is not happening.
It sounds like they are going to make some low end phones via Foxconn for emerging markets. That's what the two canceled phones are. It is somewhat unclear how many phones are coming in 2014 based on comments made so far. It's either 3 or 4 and 2 of those are for emerging markets. The other two are probably a Q10 refresh and a Zxx refresh or full screen slider. Don't expect snapdragon 800s though.
As for Android, the phone already runs android apps. Rumor has it that Google Play is coming in January. Yes, Google would have to change the terms and services for that but it could happen. Some say that they have seen it working on employee phones and it is the reason that no leaked OSes came out for a long period of time (till just recently). Right now though, you can sideload the Amazon app store app for Andorid and download any free app onto a BB10 phone and it will install and run. There is one other store app for Android that works. And people have started to write native BB10 apps to download/install apps from Android stores. Works for free apps. With the latest leak, I have been reading that every app people are trying to run works. The benefits are largely Netflix and paid apps. Netflix is going to HTML5 though, so BB10 will run Netflix movies natively soon enough (via web browser).
And they are not longer focusing on teh consumer. They are now prioritized on the enterprise market and emerging markets.
Chen is a breath of fresh air. I didn't realize how bad Thorsten Heins was. heins did good for the first half of his tenure but should have probably been replaced 6 months ago.
I would wait for John Chen to clarify his OS strategy. If it's switching to Android and dropping in house QNX development, then, combined with their Foxconn manufacturing shift, they could run a lean enough business to stem the bleeding, and get the full app ecosystem benefits of Android. Once they reduce their fixed costs, they can be valued above where they sit based on their assets.
They need to run lean. BB10 development is a fixed cost. No need to pay it when Android is free and open source. They can take it and add Blackberry only features to differentiate. Blackberry can be the enterprise Android vendor.
They went with BB10 for a reason.
They are staying with BB10....What I think you meant is that you think that they should stop BB10 development. I think Chen made a comment that made it clear that this is not happening.
Rumor has it that Google Play is coming in January.
And people have started to write native BB10 apps to download/install apps from Android stores.
Netflix is going to HTML5 though, so BB10 will run Netflix movies natively soon enough (via web browser).
They should create a matrix of concerns they have, take the options, analyses them and decide. Or just greenlight whatever the CEO wants.
It's been very entertaining to see your credibility in regards to investing nosedive further and further with idiotic posts.
Pentagon ordered 80,000 units... Not bad for a company that used to ship 1 few million units per quarter (was it >10M?)?
Stock's up to about $11... but it went up to $17 or $18 last time and went down to $5.