blackberry 10

[awyala]

So last week they announce that they are going to announce a loss for the quarter in a big way. The stock gets hammered and drops from the $10's/$11's into the $8's and then this week they announce a deal at $9 a share. I feel bad for the long term share holders that are still holding this sack of chit company. One thing Blackberry does really well is disappoint and this is just another notch in their belt. What a lowball offer.

Chop shop!

Heinz the cleaner failed to do his job...not to resurrect BB per se, but to make it an attractive buy to a larger tech company and just keep BB ticking, or at the very least buy enough time for share holders to sell off a fair bit higher than their pre-bb10 low.

Instead, well he got them to $18/share but it was fragile and exposed more concerns. In the end he made the release of bb10 worth about a buck a share when finally selling off. Might as well have negotiated more and sold off last year to MS or someone who was likely to keep BB alive in some form or fashion.

This consortium will fragment BB into smaller niche tech entities and cash out as a part out in under 6 months.

 

[Gary]

Breaking...

Fairfax Holdings buys BlackBerry

Sent from my Z10 using Tapatalk 2

Offer to buy is all it is so far.
Now - you're going to see a war between Watsa & Lazaridis, the latter still making the rounds trying for a better offer. His 6 percent stake, is...........well, at stake.
I think Watsa is out front so far in the race. He's enjoying the multitude of downgrades BBRY received since Friday's announcement. Fairfax may indeed be "WINNING".
(good time to go short FFH.TO).

 

[toshison]

Offer to buy is all it is so far.
Now - you're going to see a war between Watsa & Lazaridis, the latter still making the rounds trying for a better offer. His 6 percent stake, is...........well, at stake.
I think Watsa is out front so far in the race. He's enjoying the multitude of downgrades BBRY received since Friday's announcement. Fairfax may indeed be "WINNING".
(good time to go short FFH.TO).

I doubt there will be much resistance at all. I am sure Lazaridis is on board and he may be part of the consortium and will then maintain his stake in the company even when they go back to being a private company.

 

[Gary]

I doubt there will be much resistance at all. I am sure Lazaridis is on board and he may be part of the consortium and will then maintain his stake in the company even when they go back to being a private company.

As late as last week, Lazaridis was knocking on the doors of "The Carlyle Group", amongst others.
Fairfax, as stated on their home page, claims:
Fairfax Financial Holdings Limited is a financial services holding company whose corporate objective is to achieve a high rate of return on invested capital and build long term shareholder value. The company has been under present management since September 1985.

Because of this:
http://www.fairfax.ca/files/fairfaxchart.pdf
I don't see how a $4.7B investment in BBRY can achieve a "high rate of return", unless they (Fairfax) have a buyer lined up that needs a loan, and can't jump in with an offer 'today'. Who could that be?

 

[BLUE_KAWI]

Say bye bye to another Canadian company. When another organization has a "controlling" stake in a company. It means the company is about to be liquidated.

 

[SunnY S]

LG? C'MON MAN!!
I have to bust out the duct tape everytime someone drops by with an LG flip phone. Seems the masking tape isn't quite up to the job. Just fixed another one 15 minutes ago.
No probs with my Samsung phone, 3yrs in (and other Sammy appliances I've owned worked flawless).
Why the hate for Samsung?

No hate for Samsung necessarily, I just feel a company like LG would be a better fit for the reasons mentioned earlier.

LG past and present makes millions and millions of the Google Nexus line of phones, Nexus 4, and the coming Nexus 5 and they are excellent phones. Their new LG "optimus" G2 phone is at the top of the heap in the reviews as well. So to dismiss LG has poor quality wouldn't be quite accurate.

 

[knowledge]

So what you are saying is unemployed people are good for Canada's economy because iphone rules and makes you look cool.

C'mon killerkeith, that's a pretty huge ad absurdum.

Lol seeing the quality of models that BB has hired change over the past couple of years has actually been pretty indicative of how quickly/drastically their marketing budget has been shrinking.

I'm legimately sad to see this company go. The Bold 9900 is still the best phone that I ever had. Anyone who knows me how big of a deal it was for me to jump ship.

 

[SunnY S]

Perspective :

To buy out the entire company of RIM in its current state : around $4.5 billion

vs.

Samsung's budget for marketing/advertising their products : $4.5billion, in one quarter!!


http://bgr.com/2013/09/25/samsung-marketing-spending-q4-2013/

 

[killerkeith]

C'mon killerkeith, that's a pretty huge ad absurdum.

Lol seeing the quality of models that BB has hired change over the past couple of years has actually been pretty indicative of how quickly/drastically their marketing budget has been shrinking.

I'm legimately sad to see this company go. The Bold 9900 is still the best phone that I ever had. Anyone who knows me how big of a deal it was for me to jump ship.

I sure hope these unemployed people have enough money left to buy what you sell.

 

[-D-]

I sure hope these unemployed people have enough money left to buy what you sell.

They would not be unemployed if THEY provided products that the market wanted CONSIDERING they had several years head start over the other players yet they sat back and went from #1 to bankrupt. It seems that your mindset is to blame the customers and not the company that made inferior products.

Do you belong to a Union?

 

[oilycreek]

our company just annouced they are dropping blackberry for iphone, that's a few thousand phones they are losing..

Sent from my GT-N8010 using Tapatalk

 

[awyala]

My 13 year old daughter using my company bb curve I lend her - "Why does it keep rebooting and why does it take soooooo long to reboot?!?!?!"

Me "It's Blackberry, and shhhh, it's free. Just don't break it I may have to give it back if they recall them back"

That's from a kid who has nothing urgent and pressing and no financially concerning deadlines.

 

[STARSHIP]

Just got my corporate issued Q10 (Replaced a Bold) Best phone ever. At least for what I use it for. e-mail, BBM and txt. Keyboard is amazing.
Our company migrated to the new platform and all users will have to move to a BB 10 by end of 2014.

 

[oilycreek]

Just got my corporate issued Q10 (Replaced a Bold) Best phone ever. At least for what I use it for. e-mail, BBM and txt. Keyboard is amazing.
Our company migrated to the new platform and all users will have to move to a BB 10 by end of 2014.

You mean all users that are left at the end of 2014. That won't be much lol

Sent from my SGH-I727R using Tapatalk HD

 

[SunnY S]

My 13 year old daughter using my company bb curve I lend her - "Why does it keep rebooting and why does it take soooooo long to reboot?!?!?!"

Me "It's Blackberry, and shhhh, it's free. Just don't break it I may have to give it back if they recall them back"

That's from a kid who has nothing urgent and pressing and no financially concerning deadlines.

Right, because nobody elses OS crashes.....

[video=youtube;DNw457joq5I]http://www.youtube.com/watch?v=DNw457joq5I[/video]

 

[fastar1]

My 13 year old daughter using my company bb curve I lend her - "Why does it keep rebooting and why does it take soooooo long to reboot?!?!?!"

Me "It's Blackberry, and shhhh, it's free. Just don't break it I may have to give it back if they recall them back"

That's from a kid who has nothing urgent and pressing and no financially concerning deadlines.

So you gave an old phone that was never any good to begin with to a kid who's main concern in life is being popular, and she doesn't like it.

What exactly are we supposed to learn from this?

 

[LiNK666]

So you gave an old phone that was never any good to begin with to a kid who's main concern in life is being popular, and she doesn't like it.

What exactly are we supposed to learn from this?

some people fail at parenting. There might not be any hope for the kid either...

 

[awyala]

So you gave an old phone that was never any good to begin with to a kid who's main concern in life is being popular, and she doesn't like it.

What exactly are we supposed to learn from this?

I avoided the popularity criteria cause that is already a long established given. And she is not unhappy, nor is she as concerned about popularity as you have imagined. My point, again, is that a) the phone failed to adequately serve a business purpose for me, b) my company doesn't even care to recall the phone despite having registered another phone and data plan on the account and c) fails to impress a 13 year old on a technical performance level.

As for parenting fail....to lend a teen an older model BB is a fail? Says a lot for BB if that is the perception of it. I was merely commenting on a technical / performance issue.

 

[crankcall]

some people fail at parenting. There might not be any hope for the kid either...

sorry this is way off topic but cant be ignored, solid parenting is not giving your kid an iphone so she will be popular. That's not how it works. Yes I have kids, one has a BB, other has an apple, they bought them with their own money.

 

[LiNK666]

sorry this is way off topic but cant be ignored, solid parenting is not giving your kid an iphone so she will be popular. That's not how it works. Yes I have kids, one has a BB, other has an apple, they bought them with their own money.

Trust me, I know. I get so many kids that apply at my store. I tried to hire a few, but their sense of entitlement was insane. I tell them they have to be able to work at the same speed as me, but always asking for help and wanting someone else to do the work for them! After that I hire end up hiring an immigrant, their english sucks, but I don't have to babysit them after basic training.