RIM death watch

[IHateMyJob2004]

nope, no it isn't



more like bberry could find a way to convert lead to gold and still screw it up somehow.

What part of BB10 phones and/or BBM in your personal experience are lacking?

 

[Pheran]

What part of BB10 phones and/or BBM in your personal experience are lacking?

Customers?

 

[IHateMyJob2004]

Customers?

Reading comprehension?

 

[theevilsharpie]

I think pretty much all of us realize that Blackberry is all but dead at this point, but for the holdouts: http://www.engadget.com/2013/10/31/strategy-analytics-q3-2013-phone-share/

Blackberry's marketshare in Q3 '13 dropped to 1%, and their unit shipments have fallen to 2.5 million for the quarter (down from 7.4 million in Q3 '12). Considering that most of their market share/units shipped was for their older phones, well...

On the other hand, Windows Phone sales have grown quite a bit, and Windows Phone has cemented itself firmly in (albeit a very distant) third place.

So, I think we're at the /thread mark at this point.

 

[Imp]

Makes sense... If the company might be going through a drastic change (e.g. out of business, business shift) with potential discontinuing of support in the very near future, why throw money into the fire?

Latest rumors are that Facebook and Google are looking at it... Big news next week when that November 4 date passes. IIRC, next quarterly results don't come out until mid-December.

 

[IHateMyJob2004]

More news is that some other firm is talking to Lazardis about partnering for a bid.

 

[silverpig]

So here's the big news we were waiting for today:

http://www.marketwired.com/press-re...l-other-institutional-nasdaq-bbry-1847833.htm

Fairfax (Prem Watsa et al) invests $1bn in blackberry. New interim CEO John Chen will replace Thorsten Heins.

Hopefully they can set a new direction and keep the company around in some form.

 

[Jimzz]

Yea they could not get any real buyers. Most are just waiting for them to die so they can pick at the pieces at auction now.

I would think them integrating their BB software into a custom android build could work but I think they are to far gone to make it out now.

 

[yinan]

So here's the big news we were waiting for today:

http://www.marketwired.com/press-re...l-other-institutional-nasdaq-bbry-1847833.htm

Fairfax (Prem Watsa et al) invests $1bn in blackberry. New interim CEO John Chen will replace Thorsten Heins.

Hopefully they can set a new direction and keep the company around in some form.

Why? They do not do anything in any sort of way that could be deemed as good.

 

[theevilsharpie]

BlackBerry is a publicly traded company whose shareholders demand growth. BlackBerry is not growing, and barring some market-changing technology that they haven't revealed yet (and which probably don't exist, given the fact that BlackBerry's board has thrown a "For Sale" sign on the company), they have no hope of growing for the foreseeable future. BlackBerry is on life support, and their shareholders are getting ready to pull the plug. If BlackBerry's next earnings report are as bad as last quarter's was, Thorsten Heins will be fired and the board will hire a new CEO whose task is to prepare the company for a sale.

Feel free to quote this post.

Called it :whiste:

 

[silverpig]

Yea they could not get any real buyers. Most are just waiting for them to die so they can pick at the pieces at auction now.

I would think them integrating their BB software into a custom android build could work but I think they are to far gone to make it out now.

That's pointless. BB 10.2 has the jellybean runtime so it can run android apps already. That would gain them nothing and lose them a lot.

 

[Imp]

US$ 6.85.. lalalalalalala

http://money.cnn.com/quote/quote.html?symb=BBRY

Edit:

More importantly, do the events of today mean:
1. Fairfax gets its $400 million?
2. Thorstein gets his $50 million?

 

[IceBergSLiM]

Actually. No. There is almost no reason to think that Farifax is not going to go through with the $9 deal. Prem Watsa has come out publicly stating that they do not make offers without the expectation to follow through.

BBRY is as low as it is going to go. The reason is not at $8 is a compination of small risk and the time value of money. Shorts should be exiting now but i havn't looked at short interest lately.

$6.80 off nearly a dollar on the news

 

[lothar]

More importantly, do the events of today mean:
1. Fairfax gets its $400 million?
2. Thorstein gets his $50 million?

Neither of those things will happen because the company has now essentially taken the "For Sale" sign down.

The only way for Lazardis, Cerberus, Qualcomm, and co. to take over BlackBerry is by doing a hostile takeover ala Carl Icahn like Dell, and in that event Fairfax can come back with it's bid anytime and walkaway with the $400 million.
Fairfax deal was basically a poison pill provision for BlackBerry against other potential vultures. It had all the upsides for Fairfax, and not a single downside.

 

[Pheran]

Ars summary:

BlackBerry reverses course, cancels sale, mutinies on CEO

 

[Doppel]

So here's the big news we were waiting for today:

http://www.marketwired.com/press-re...l-other-institutional-nasdaq-bbry-1847833.htm

Fairfax (Prem Watsa et al) invests $1bn in blackberry. New interim CEO John Chen will replace Thorsten Heins.

Hopefully they can set a new direction and keep the company around in some form.

Haha I love your spin. Here is another way we can see today's news: the CEO has been fired and the $4.7 B deal fell through.

Keep spinning, though.

 

[Joe1987]

Called it :whiste:

One could argue it was called years ago

 

[IHateMyJob2004]

$6.80 off nearly a dollar on the news

Shareholders being diluted 19%. Stock down about .... 19%.

This was unexpected.

 

[senseamp]

Blackberry still has enough lemons to make lemonade, but it needs to ditch the hardware business anchor ASAP and get into a lean fighting form. As a pure software, services, and IP licensing company, their cash horde would last them a long time, so they can refocus and figure out how to monetize their assets. They can't afford any more hardware gambles. They can license their brand to an Android manufacturer, but should not build hardware themselves.

 

[rockyct]

Shareholders being diluted 19%. Stock down about .... 19%.

This was unexpected.

No...no it wasn't...

 

[OBLAMA2009]

Blackberry still has enough lemons to make lemonade, but it needs to ditch the hardware business anchor ASAP and get into a lean fighting form. As a pure software, services, and IP licensing company, their cash horde would last them a long time, so they can refocus and figure out how to monetize their assets. They can't afford any more hardware gambles. They can license their brand to an Android manufacturer, but should not build hardware themselves.

yeah you can stick a fork in their hardware business, theres no room for it in the marketplace anymore, and theres no interest in their low performance, high priced stuff in particular. a couple years ago they might have been able to transition to say, android phones with bbm added, but id say its too late for that, there are already too many good android phone makers

 

[silverpig]

Blackberry still has enough lemons to make lemonade, but it needs to ditch the hardware business anchor ASAP and get into a lean fighting form. As a pure software, services, and IP licensing company, their cash horde would last them a long time, so they can refocus and figure out how to monetize their assets. They can't afford any more hardware gambles. They can license their brand to an Android manufacturer, but should not build hardware themselves.

The HTC One running BB10 would be pretty awesome.

 

[Doppel]

Shareholders being diluted 19%. Stock down about .... 19%.

This was unexpected.

How is it that you still don't understand how incredibly wrong you are about BB? Why would you make a statement like this. It worries me because it tells me you have not learned anything in this huge debacle and have not had a moment of humility insofar as BB is concerned.

 

[Imp]

Beautiful...

I heard that Thorstein got $22M to take a hike. New guy going to get 13 million shares over 5 years.

http://www.cbc.ca/news/business/blackberry-s-new-chief-john-chen-in-line-for-85m-1.2418832

 

[sdifox]

The HTC One running BB10 would be pretty awesome.

There won't be any more iterations of HTC One. They are going the way of BB.