blackberry 10

maybe people covering shorts?

There's a bit more buzz around the Q10 device as it's more of a proper (classic?) blackberry device.
I'm not saying they're going to see triple digit shares anymore, but I don't think they're as down as people keep bashing them to be.
They're still on thin ice, but seem to be somewhat moving in the right direction. Officially launched in Hong Kong today as well.
 
nfq said:
maybe people covering shorts?

There's a bit more buzz around the Q10 device as it's more of a proper (classic?) blackberry device.
I'm not saying they're going to see triple digit shares anymore, but I don't think they're as down as people keep bashing them to be.
They're still on thin ice, but seem to be somewhat moving in the right direction. Officially launched in Hong Kong today as well.
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When shorts cover - the s/p surges upward - unlike today's action. Definitely a combo of: 1) weak hands selling 2) more short sellers moving in, and or adding to their position.
 
I interpreted today's action as someone wanting the price to go down, and it looks like they succeeded. I thought the analyst's claims sounded bogus.

Disclosure #1: I own the stock but I had been short April call options against it ... I used today as an opportunity to buy the options back.

Disclosure #2: I have a Blackberry Z10. From MY point of view - there's nothing wrong with it. I haven't installed a single app beyond what came preloaded on the phone. Haven't had to. Keep in mind that I'm a business person, not a game player.
 
Gary said:
Z10 Launch Disappoints
Today shareholders received news that not only did the Z10 launch start off poorly but it got weaker as time went on. According to Detwiler research analyst Jeff Johnston and ITG analyst Joe Fersedi, sales of the Z10 were about as weak as the older BlackBerry models and the Nokia (NOK) Lumia 822. Additionally, Johnston pointed out that stores have seen a significant increase in returns to the point where they exceeded sales. Not good, especially when your company's lifeblood is almost entirely dependent upon phones.

http://seekingalpha.com/article/1335691-steer-clear-of-the-blackberry-dog?source=yahoo
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That report ^^^ is about as believable as this one.....

killerkeith said:
Why hasn't the q10 launched yet? maybe it's cause the Chinese government is ordering 2 million of them.
http://n4bb.com/chinese-government-orders-2-million-blackberry-q10s/
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It must be all true..... its on the internet!!
 
Blackberry not taking the accusations of returns greater than sales lightly:

http://crackberry.com/blackberry-seeks-us-canadian-review-false-reports-return-rates

WATERLOO, ONTARIO--(Marketwired - April 12, 2013) - BlackBerry® (NASDAQ: BBRY)(TSX: BB), a world leader in mobile communications, today said it would seek Securities and Exchange Commission and Ontario Securities Commission review of a false and misleading report about retail return rates for the Company's new BlackBerry Z10 smartphone.
"Sales of the BlackBerry® Z10 are meeting expectations and the data we have collected from our retail and carrier partners demonstrates that customers are satisfied with their devices," said BlackBerry President and CEO Thorsten Heins. "Return rate statistics show that we are at or below our forecasts and right in line with the industry. To suggest otherwise is either a gross misreading of the data or a willful manipulation. Such a conclusion is absolutely without basis and BlackBerry will not leave it unchallenged."
BlackBerry and Verizon Wireless, the largest U.S. carrier, on Thursday refuted claims from research and investment firm Detwiler Fenton that BlackBerry Z10 devices were being returned in unusually high numbers. Detwiler Fenton refused to make either its report to investors or its methodology available to BlackBerry, even after the Company said the firm's findings were "absolutely false."
BlackBerry Chief Legal Officer Steve Zipperstein said: "These materially false and misleading comments about device return rates in the United States harm BlackBerry and our shareholders, and we call upon the appropriate authorities in Canada and the United States to conduct an immediate investigation. Everyone is entitled to their opinion about the merits of the many competing products in the smartphone industry, but when false statements of material fact are deliberately purveyed for the purpose of influencing the markets a red line has been crossed."
Zipperstein said BlackBerry would present its formal request to U.S. and Canadian regulators in the next several days.
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Betty wasting more time & money? Say it ain't so!!
Analysts are self serving. Sunny - I told you that ages ago.
If another idiot analyst claims Betty sold 40 bazillion phones in one Q, Betty would be "all tucked in, nice and quiet".
They get slammed by one moron and they come apart at the seams.

BTW.........There's a 'nice' little disclaimer at the end of that story.
3rd party information = the OSC or Wall St crooks can't do sweet **** all about what was written.
(BB is not the 1st, nor will they be the last company who's had **** thrown in their face)
 
nfq said:
Blackberry not taking the accusations of returns greater than sales lightly:

http://crackberry.com/blackberry-seeks-us-canadian-review-false-reports-return-rates
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I am glad. RIM/Blackberry historically were very poor at responding to the market and to bogus reports and all the negative sentiment that fuels those short on the stock. They use to just sit quietly and take it up the poopshoot. Things seem different now and they seem to more actively respond and address these vague reports and the negative press.

They need to do things like this to help protect their real shareholders.

This current dip is a buying opportunity. I think in May, the SP will be a good bit higher. Lots of positive catalysts in the pipeline.
 
On another note, anybody own or try a Windows Phone?

Wife got one the other day (HTC 8S).. Its a slick little machine and costs as much as a BB Curve. I like the O/S its visually very attractive and easy to use. Really good value except that its friggin fragile because it has no bezel around it to protect the glass. Screen shattered from a 2 foot drop, needed to be replaced after 2 days. Sort of makes me appreciate my Bold 9900 a little more because its a tank. Its handled all kinds of abuse, plenty of hard drops and still looks new. Its just a little boring is all.
 
toshison said:
On another note, anybody own or try a Windows Phone?

Wife got one the other day (HTC 8S).. Its a slick little machine and costs as much as a BB Curve. I like the O/S its visually very attractive and easy to use. Really good value except that its friggin fragile because it has no bezel around it to protect the glass. Screen shattered from a 2 foot drop, needed to be replaced after 2 days. Sort of makes me appreciate my Bold 9900 a little more because its a tank. Its handled all kinds of abuse, plenty of hard drops and still looks new. Its just a little boring is all.
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The Lumia 920 is a very nice device. Some find it a bit heavy, but I like it. Great built in features from Nokia (Mainly GPS maps (offline) and navigator, not to mention Transit maps, etc). Fast, solid device. The camera is by far the best on any mobile phone. Period. Downsides? no external memory, non removeable battery and Windows OS takes a bit to get used to. But overall a very nice phone.

The Lumia 928 is coming out shortly and it's supposed to have slight improvements.
 
Gary said:
Betty wasting more time & money? Say it ain't so!!
Analysts are self serving. Sunny - I told you that ages ago.
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How is it a waste of time and money to refute false claims?

If nothing else, it will make an analyst think twice before shooting his mouth off. Posting an opinion is one thing, but passing off false information as "fact" is another.

The false reporting analyst, Detwiler Fenton refused to make either its report to investors or its methodology available to BlackBerry. Hmmmm........Why not??


BlackBerry. Means. Business.
 
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SunnY S said:
How is it a waste of time and money to refute false claims?

If nothing else, it will make an analyst think twice before shooting his mouth off. Posting an opinion is one thing, but passing off false information as "fact" is another.

The false reporting analyst, Detwiler Fenton refused to make either its report to investors or its methodology available to BlackBerry. Hmmmm........Why not??


BlackBerry. Means. Business.
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Because the writer put a disclaimer at the end of his blurb. i.e. He didn't make it up. Incoming 3rd party info. (makes me laugh too - don't worry)
What can Betty possibly gain by rufuting claims / articles that don't sing the song they want to hear?

Their pleasure to waste of money was made perfectly CLEAR Super Bowl Sunday.
I was in the US that day - saw all the commercials. Some were humourous, some were serious, some made sense, some didn't . Betty was the leader of the latter = TOTAL waste of money.

BlackBetty. Means. Waste. Thank. Heins.

p.s. Strage Misek didn't pop his head out like Punxsutawney Phil, don't you think?
 
I dont think it really cost Blackberry anything to refute the report. I mean, thats why you have PR people on your payroll. To deal with stuff like this.

How does it matter? I think it does a lot. Yeah, analysts can say what they want but so can the company and they should be doing positive PR work. If you are a Blackberry shareholder, you would want them to speak up and refute any negative claims they see as baseless.
 
Considering they have no debt and very good controls on costs they are a very good prospect to buy right now. Let's hope they can keep the innovation train going and not become complacent.

SunnY S said:
Aw crap, this means they won't declare bankruptcy until around 2016 now.

:laughing3:




Wall Street Now Expects BlackBerry to be Profitable For Next Two Years

"The smartphone maker showed that it can produce a profit selling Z10s for only one month in around 20 countries. Thus, selling the Z10 (and other BB 10 models) for the whole quarter in 100+ countries should definitely produce in a profit."
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fastar1 said:
Bwahaa! You gotta know that's exactly what's going through Gary's mind.
Click to expand...

You'd be surprised ;-)

Why doesn't BB go running to the SEC & the OSC about that article?
I'm sticking with the QCOM buyout, but, I don't give a flying **** one way or the other - still no dog in this fight.

Dish taking a run at Sprint today. $25B + DISH stock.
Shouldn't be too long before QCOM ponies up some "Billions for Betty". After all - they make a phone. :rolleyes:
 
Gary said:
p.s. Strage Misek didn't pop his head out like Punxsutawney Phil, don't you think?
Click to expand...

Misek has spoken, and he has much to say. :)

"The build plans have steadily been increased since February," Misek notes. "Our Asia checks indicate that the builds have recently increased from 2M/month to 2M+. This lends us confidence to our above-consensus May Q (Jef $4.1B/$0.50 vs. St $3.4B/$0.03) and Aug Q (Jef $3.9B/$0.37 vs. St $3.3B/$0.11)."


"Of the few phones that were returned, the only main commonality we found is that buyers thought the Z10 had a keyboard," he wrote.
"As it does not, they returned it and will buy the Q10 (keypad model) instead."

http://www.streetinsider.com/Analys...let+on+the+Way+-+Jefferies+Misek/8254765.html


Oh, did you see that?? a 5" BB10 phone is coming by the end of the year. Can't wait. On a personal note, although I enjoy the 4.2" screen on the Z10, so much so that I barely use my 7" tablet anymore, I've always felt 4.6 to 5" is the "sweet spot" for a bigger size screen phone, before it gets too ridiculously big.

Looks like BB will be getting more of my money for them "to waste" by the end of the year. Maybe they'll use it to make another superbowl commercial? :) :) :)


#BlackBerryisBack
 
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