Only the leather holster left.... grab it while you can!
blackberry 10
- Thread starter ep1x
- Start date
Only the leather holster left.... grab it while you can!
Poison chalice? http://www.bbc.co.uk/news/business-24808012 Not a good day for BBRY
Canning Heins ketchup was the right move.
This Chen guy is much more qualified if you study his CV and heads and has headed successful massive companies.
Next guy that should get the axe is Marketing chief Frank Boulben. Guy has no clue.
Hopefully Chen stays on as CEO rather than the temp position he occupies. Or at least I'm much more confident Chen will find the right guy to lead this company.
p.s. Completely agree they should NOT toss the handset division.
This Chen guy is much more qualified if you study his CV and heads and has headed successful massive companies.
Next guy that should get the axe is Marketing chief Frank Boulben. Guy has no clue.
Hopefully Chen stays on as CEO rather than the temp position he occupies. Or at least I'm much more confident Chen will find the right guy to lead this company.
p.s. Completely agree they should NOT toss the handset division.
He's executive of the board regardless of the CEO title, he can influence the company that way.
It's a real mish mash of whats happening, but with no sale of BB, and lower share price, they get rid of Heins for 1/4 the cost it would have been.
Time will tell, but it's an issue of mismanagement through and through. They have an OK consumer product, and lots of potential with established enterprise connections, but they gotta do something substantial to turn that into cash flow, otherwise, lock it all up and blow up the building.
The Board doesn't have a clue what they're doing - they picked Heins, and all of the rest of them. They also are the same board that got them into the situation they're in, so the chances of them changing it are slim. Nobody is calling for a gutting of the board - Nobody.
The consumer product is only getting worse compared to the competition, not better. They've also completely lost any momentum they had going for themselves. I would imagine that since April of this year, they've sold very few devices (I'm guessing in the 4 or 5-digit range).
They have lots of enterprise connections, but this is an interesting situation. The enterprise software was designed to sell large quantities of devices. If these big businesses aren't sure that BBRY is going to be around in 4 years (they don't buy devices and software on a 1 year term), then it's a tough sell. They're likely giving DEEP discounts to try and persuade some of their core enterprise customers to stick with them.
I told some of the guys I worked with as soon as they announced the Fairfax deal: If Fairfax doesn't come up with the money, they're completely screwed. The fact that they didn't get the money means some combination of: They have no logical business plan, their books are total ****, no investors believe it will turn around, there are no products in the pipeline that will turn it around. You can decide which of those is the case (hint: it's probably all of them).
My prediction is that they'll continue to do business as usual, until they run out of money. At the rate they're going, it will be about a year.
Everyone was 'confident' that Heins was the right guy when he was hired.
IMO, the handset division needs to be cut. They need to cut everything loose except their Enterprise business and BBM, if possible. If they keep their handset division, then their enterprise and BBM divisions will have to keep producing more for BB10 while it continues to not sell. This costs money.
Stop trying to make BB10 happen. It's not going to happen [/meme]
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Lenovo was fully committed and ready to buy BlackBerry. Canadian government put kibosh on it. It is widely believed others were interested in BB as well but didn't want to be bothered with jumping through the hoops with our govt. Remember the Verizon thing?
It came out that Qualcomm was very very interestd as well, but came to the party too late. And the board didn't want to waste any more time knowing that announcing themselves for sale was killing them in the public eye.
This is far from over. Just because they aren't for sale publicly, doesn't mean something won't happen in the future.
I won't be surprised if Mr Chen has something up his sleeve. The company just can't keep continuing as it does today.
Being interested and willing to pay a fair price are two different things. Other companies haven't done the investigation into the company that Fairfax did, and when they do (they all will before buying), they'll back away very quickly. The board clearly wasn't that concerned about killing themselves in the public eye like this before, and they've announced that they're willing to do a sale/partnership for over a year now. If there was plenty of buying interest, there would be a done deal. BlackBerry's terms that they signed up for with the Fairfax deal was a clear indication that they were desperate, and that they were banking on it. The assumption was that it was a done deal - they just needed to sign the papers.
Well, I don't think its far from over. If nothing else, their glory days are over. They could continue in some limited fashion, but they have to get very creative, very quickly - and past performance shows that isn't something they can do. The parties they were rumored to have been meeting with were looking to buy chunks of the company, and for small amounts of money. BB's price is high because of their hardware division, and nobody wants this, because they already have one of their own, or know that it's impossible to compete with Apple/Samsung in that division. All of BB's software isn't worth more than $1 billion, at best.
I doubt Mr. Chen has something up his sleeve. He probably has no idea what he's getting himself into, and figured this is a no-lose situation for him. If he signs up, stays a while, and sees some positive numbers, then he can stay on and take the credit for a company save. If he walks in and sees the disaster that is there, he has the option to walk right back out and he would never have to take any responsibility for it.
The situation in Waterloo is bleak, and almost everyone knows it. You can guarantee that there is a mix of things going on behind closed doors right now: people looking for jobs, finger pointing, teams fighting other groups in the hopes of proving their relevance, and figuring out who they're firing next (and who's taking on their work or cleaning out their desk). What isn't going on? Any sort of productivity.
pfbmgd
Well-known member
Any BB employees here? Are you guys allowed to buy as many "holiday employee purchase" $349 Z30s as you want?
Yes if there is any BB employees do a dude a favor .Ready to upgrade my Z10 to Z30 .
PM is best .
Well my coworkers have all been upgraded from the Torch to the new Z10. They were excited because their Torches were crap and all had problems. Well the newer ones are almost as bad. Still have random lock ups, reboots, and inability to answer calls half the time.
I'd like to support them since I know a bunch of people that work for them but they keep putting out crap, as far as I can tell.
I'd like to support them since I know a bunch of people that work for them but they keep putting out crap, as far as I can tell.
mdouglas71
Active member
I'm actually interested in the Q10, any experience with that? I really really want to buy into blackberry... I keep giving them chances.
Hopefully they can turn the company around... I'm tired of iPhones having a monopoly on things.
Seems like a dead horse I got a q5 for one employee it is a pos and he will be getting a nexus5 soon. He loved his curve hates the q5
Sent from my Nexus 4 using Tapatalk
Sent from my Nexus 4 using Tapatalk
I don't think any of them have the Q10.
I call BS on this.
