BB - BlackBerry

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  1. Stockaholic

    Stockaholic Content Manager

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    [​IMG]

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    BlackBerry Limited (BBRY), formerly known as Research In Motion Limited (RIM), is a Canadian telecommunication and wireless equipment company best known to the general public as the developer of the BlackBerry brand of smartphones and tablets, but also well known worldwide as a provider of secure and high reliability software for industrial applications and mobile device management (MDM). QNX, a subsidiary of BlackBerry, is widely recognized as a leader in automotive software industry. BlackBerry's software and hardware products are used worldwide by various government's agencies and by car makers and industrial plants throughout the world, much of this activity being unseen by the public. The company is headquartered in Waterloo, Ontario, Canada. It was founded by Mike Lazaridis and Douglas Fregin in 1984. Mr. Fregin later left the company. In 1992 Mr. Lazaridis hired Jim Balsillie, and Mr. Lazaridis and Mr. Balsillie served as co-CEOs until January 22, 2012. In November 2013, John S. Chen took over as CEO. His strategy is to subcontract manufacturing to Foxconn, and to focus on software technology.

    Originally a dominant innovative company in the smartphone market for business and government usage, with 41% U.S. market share in Q1 2010, the company's dominance in the U.S. smartphone market has in recent years declined precipitously, in part because of intense competition from Apple's iPhone and Google's Android. Due to such competition, the company's share in the U.S. personal consumer market has now been reduced to 1.2% in June 2015.

    On September 23, 2013, the company signed a letter of intent to be acquired for US$4.7 billion, or US$9 per share, by a consortium led by Fairfax Financial which announced its intentions to take the company private. On November 4, 2013, the deal was scrapped in favor of a US$1 billion cash injection which, according to one analyst, represented the level of confidence BlackBerry's largest shareholder has in the company.[10] The majority of BlackBerry's remaining value lies in its patent portfolio which has been valued at between US$2 billion and $3 billion.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    BlackBerry plans to release two mid-range Android smartphones this year

    BlackBerry (BBRY) isn't finished with the hardware business yet. CEO John Chen said this week in an interview with Abu Dhabi's The National that two new BlackBerry smartphones are on the way: one with a physical keyboard, and another with a full touchscreen. Both will run Android.

    But how will that be different than the Priv, the company's first Android-powered smartphone? Since its launch late last year, it has failed to boost sales, which dropped to just 600,000 units last quarter.

    Chen now admits that the Priv was a misstep, telling the government-owned paper that "The fact that we came out with a high end phone [as our first Android device] was probably not as wise as it should have been." He added that the $699 slider phone was "was too high-end a product," noting that "a lot of enterprise customers have said to us: 'I want to buy your phone, but $700 is a little too steep for me. I’m more interested in a $400 device.'" (The Priv's price was recently dropped to $649.)

    So the two new BlackBerry phones, which are rumored to be code-named the Rome and the Hamburg, will target a mid-level price point. BlackBerry executives are likely pushing for a sub-$500 price off-contract. And the company will keep pushing its marketing angle that it sells the only truly secure Android devices.

    A set of very blurry images of new BlackBerry phones found on BlackBerry Central founder Dylan Habkirk's BBM channel likely are renders of the two new devices, though the pictures don't reveal much. No matter what they look like, these two smartphones will represent Chen's last attempt at keeping BlackBerry as a hardware company: he's previously targeted sales of 5 million phones per year in order to keep the unit profitable, and if he doesn't get there soon, he'll be pushed to abandon the effort.
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Down almost 5% today
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (6/23/16)
    Earnings: EPS $0.00 Revenue $424M
    Estimates: EPS -$0.08 Revenue $470.94M

    Up 2.23% today so far
     
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  5. LloydWCoutee

    LloydWCoutee Active Member

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    $BBRY that meeting yesterday really helped us out eh? FML
     
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  6. StockJock-e

    StockJock-e Brew Master
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    Good open, but selling off and giving it all back
     
  7. StockJock-e

    StockJock-e Brew Master
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    BlackBerry Bottom Line Tops Expectations, But Revenue Falls Way Short

    BlackBerry (BBRY) early Thursday reported a break-even fiscal first quarter that handily beat Wall Street estimates, as did its bottom-line guidance for the year, and shares of the onetime smartphone leader rose.

    The break-even result minus items for the quarter ended May 31 beat analyst consensus views for an 8 cent loss, as polled by Thomson Reuters. The company posted a 5 cent per-share loss minus items in the year-earlier quarter.

    BlackBerry reported adjusted revenue of $424 million, sharply below the $470 million estimate. That includes $24 million in software deferred revenue acquired but not recognized due to business combination accounting rules, the company said. GAAP revenue of $400 million was down 39% from $658 million in the year-earlier quarter
     
  8. Brendan Cowie

    Brendan Cowie Active Member

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    I have 25 Jan 2018 10$ calls I got last week .7 avg
     
  9. StockJock-e

    StockJock-e Brew Master
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    Good pop here!

    The March and Aug highs are containing the move so far.
     
  10. Stockaholic

    Stockaholic Content Manager

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    nice little move off those recent lows here...

    [​IMG]
     
  11. StockJock-e

    StockJock-e Brew Master
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    Setting an alert for when this busts over $8.50
     
  12. T0rm3nted

    T0rm3nted Moderator
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    Seems like a more reliable play to short it around $8.25ish and then set your stop at $8.50 ;)
     
  13. LloydWCoutee

    LloydWCoutee Active Member

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    They can/will make this SP $6-$16 whenever they want/ready, only problem is they don't/wont let you know when could b 1hr 1mth 1yr 5yr
     
  14. Gambit

    Gambit Active Member

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  15. Gambit

    Gambit Active Member

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  16. LloydWCoutee

    LloydWCoutee Active Member

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    shorts, can you drop this down to six? I need to add more before ER.;)
     
  17. Gambit

    Gambit Active Member

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    BlackBerry (NSDQ:BBRY), is scheduled to release its Q3 2017 earnings report on Tuesday, 20th of December. This will be the first earnings since the company dumped its handset business and became a software company, one of the boldest move of its turnaround strategy.
     
  18. StockJock-e

    StockJock-e Brew Master
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    Breaking over $8 for the first time since Oct.

    I wonder if Obama is going back to his old Blackberry now that his term is up, remember, he needed to give it up for security reasons.

    If Blackberry had a good marketing team, they should pounce on this for an ad idea!

    You are welcome Blackberry!
     
  19. T0rm3nted

    T0rm3nted Moderator
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    Dropped way back down to $7.50
     
  20. Gambit

    Gambit Active Member

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    Revenue is still seeing a consistent decline and the company is still losing money on a GAAP basis. While the company reported a Non-GAAP profit, on GAAP basis the EPS came to -$0.22.
    The software segment is Blackberry's only hope. But even that segment disappointed in the current quarter.
     

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