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Teh One Who Knocks
12-15-2011, 11:51 PM
By ROB GILLIES, Associated Press


http://i.imgur.com/uL3rY.png

TORONTO – BlackBerry maker Research In Motion Ltd. said Thursday that new phones deemed critical to the company's future will be delayed until late 2012.

Mike Lazaridis, one of the company's co-CEOs, said the BlackBerry 10 phones will need a highly integrated chipset that will not be available until mid-2012, so the company can now expect them to ship late in the year. He disclosed the delay on a conference call with analysts.

Analysts say RIM's future depends on the new software platform. RIM needs to come up with a compelling BlackBerry as U.S. users have moved on to flashier touch-screen phones such as Apple's iPhone and various competing models that run Google's Android software.

Earlier Thursday, RIM said BlackBerry sales will fall sharply in the holiday quarter, providing further evidence that it is struggling to compete. It also has been having a hard time finding a niche in the tablet-computer market, which is dominated by Apple's iPad.

RIM continues to enjoy success overseas, but market researcher NPD Group says RIM's market share of smartphones in the U.S. has declined from 44 percent in 2009 to 10 percent this year.
The company's stock fell nearly 8 percent Thursday.

The delay in BlackBerry 10 phones is the latest in a series of setbacks for the once-iconic Canadian company. Its PlayBook tablet computer hasn't been selling well, forcing the company to sell them at a deep discount. A widespread outage frustrated tens of millions of BlackBerry users in October. RIM fired two executives after their drunken rowdiness forced the diversion of an Air Canada flight. The head of its operations in Indonesia faces charges related to a stampede at a recent promotional sale where dozens of consumers were injured.

RIM said its net income sank 71 percent as revenue fell and the company took a large accounting charge on the PlayBook.

RIM earned $265 million, or 51 cents per share, for the quarter that ended Nov. 26. This compares with $911 million, or $1.74 per share, a year ago. The company said revenue fell 6 percent to $5.2 billion. The PlayBook charge was $485 million before taxes.

The company shipped 14.1 million BlackBerry smartphones during the third quarter and 150,000 PlayBook tablets, but its guidance received particular attention because it had warned about the third-quarter results earlier. Although RIM has said it would sell fewer BlackBerrys in the current quarter, the forecast given Thursday appeared worse than expected.

RIM said it would only ship between 11 million and 12 million BlackBerrys in the fourth quarter and said earnings would be in the range of 80 to 95 cents per share.

Peter Misek, an analyst at Jefferies & Co. in New York, said earlier that if RIM reveals that it will ship no more than 12 million BlackBerrys in the current quarter, then the company needs to get its new phones out fast. Otherwise, RIM could lose money in future quarters as it continues to struggle to sell the current, stopgap models.

On Thursday, BGC Financial analyst Colin Gillis said the guidance was terrible.

Jim Balsillie, the other co-CEO, said the last few quarters have been among the most challenging times in the company's most recent history. He said executives are working to turn it around, but said it may take time.

"We are not satisfied with the performance of the business in the United States," Balsillie said.
Balsillie said he and Lazaridis have reduced their cash salary to $1 per year, though they will continue to earn stock options and other compensation.

RIM's stock fell $1.20 to $13.93 in extended trading Thursday after the results were released.

Teh One Who Knocks
12-16-2011, 06:13 PM
:bump: for GF :mrgreen:

Muddy
12-16-2011, 06:55 PM
Yeah I give em' hell here at work for using those things...

PorkChopSandwiches
12-16-2011, 06:59 PM
Failtrain Whoooooo Woooooooooooo

Teh One Who Knocks
12-16-2011, 07:37 PM
They are so far behind the times they should just close the doors of the company

PorkChopSandwiches
12-16-2011, 11:46 PM
Their holdings are worth more then all of their stock.

Teh One Who Knocks
12-17-2011, 12:01 AM
With new smartphones coming out all the time for Android by all the different manufacturers, I'm trying to figure out how BB is so far behind :confused:

Godfather
12-17-2011, 03:20 AM
Yeah been all over this. They fucked up... I'm hard pressed to know what to do with my stock :lol:

Some solid investors are saying even a year down the road, the product they put out could give them some bounce back so now's the time to buy. Probably just worth the risk at this point.

Others say if you haven't sold yet, do it now. RIM has dumped about 70% of its market value this year and they have a shit load of product just sitting on shelves

*sigh*

Time for co-CEO's and a good OS. The market for the commercial sector is still their to take if they fix things. I love the hardware, it's great. But the software is shit.

Teh One Who Knocks
12-17-2011, 11:52 AM
You still own RIM stock??? :shock:


http://i.imgur.com/uHxVh.gif

PorkChopSandwiches
12-17-2011, 03:01 PM
You still own RIM stock??? :shock:


http://i.imgur.com/uHxVh.gif

Lol. And you want to buy more :facepalm:

Teh One Who Knocks
12-17-2011, 03:16 PM
Disappointment mounts for Research In Motion
4:43p ET December 16, 2011 (MarketWatch)


SAN FRANCISCO -- Research In Motion Ltd. shares fell to a 52-week-low Friday as investors showed their displeasure with the BlackBerry smartphone maker's latest quarterly results and forecast.

RIM gave up $1.69, or more than 11%, to close at $13.44, after earlier falling to as low as $13.12 in the wake of the company's third-quarter results. Late Thursday, RIM said it earned $265 million, or 51 cents a share, on revenue of $5.17 billion. During the same period a year ago, RIM earned $911 million, or $1.74 a share, on $5.5 billion in sales.

Excluding one-time items, RIM would have earned $667 million, or $1.27 a share, in the three months ended Nov. 26. The results were in line with a pre-announcement from Dec. 2.

Analysts surveyed by Thomson Reuters had forecast that RIM would earn $1.19 a share on revenue of $5.27 billion, on average, for the latest quarter.

The company shipped 14.1 million smartphones during the quarter, in which it also launched new smartphones using the refreshed BlackBerry 7 operating system, including the BlackBerry Bold 9900. RIM said it ended the quarter with nearly 75 million BlackBerry subscribers globally.

For the fourth quarter ending in February, RIM said it expects earnings to come in the range of 80 to 90 cents a share on revenue between $4.6 billion and $4.9 billion. Analysts had earlier forecast RIM to earn $1.18 a share on $5.12 billion in revenue.

RIM said it expects to ship 11 million to 12 million smartphones during the current quarter, while analysts had forecast shipments of 13.1 million smartphone units.

RIM also said it wouldn't release its first smartphone running on the BlackBerry 10 operating system until late in 2012, after previously saying the phones would come out in the early part of the year.

Analysts were quick to slam RIM following its report and forecast. Tim Long of BMO Capital Markets cut his rating on RIM to market perform, or neutral, from outperform, and lowered his target price on RIM's shares to $15 from $26.

In a research note, Long said, "While we clearly waited too long to downgrade, we are more concerned that management's new strategic moves will likely destroy even more value."

Long went on to say that delaying the release of BlackBerry 10 smartphones, which will run on a new fourth-generation wireless network, "makes no sense to us as we estimate that 80% of RIM's devices are sold outside the U.S., where there is no 4G [infrastructure]."

PorkChopSandwiches
12-17-2011, 03:23 PM
When was the last time BlackBerry forecasted properly

Godfather
12-17-2011, 04:31 PM
They hit 60$ a share after a big report last September. I sold most of what I had not too long after that. And I've done that once before. Overall I'm probably around even or up a bit on RIM investments.

Just had to hold onto some though didn't I :lol: Selling now would probably be stupid, as their share value is less than than the companies actual valuation. I'm certainly not buying more myself. Leave that to the high-risk investors.

Teh One Who Knocks
12-17-2011, 04:50 PM
Sell what you have before it becomes a Penny Stock :lol:

Godfather
12-17-2011, 04:55 PM
:lol: FML

PorkChopSandwiches
12-17-2011, 04:55 PM
He's better off holding it. When the company gets bought out he will get more back then selling now.

Teh One Who Knocks
12-17-2011, 04:57 PM
Who's gonna buy RIM? They don't have anything that anybody wants :confused:

Godfather
12-17-2011, 04:57 PM
That's probably true porky... really it can only get so much worse :lol: Investors are going to rise up and demand changes.

Godfather
12-17-2011, 04:58 PM
Who's gonna buy RIM? They don't have anything that anybody wants :confused:

Sure they do... big companies are still sticking with RIM. All of the big 5 banks up here only use Blackberry devices. Can't see that changing, a lot of businesses don't want toys for their employees.

PorkChopSandwiches
12-17-2011, 05:00 PM
The only thing they have that consumers want is secure email. But they own patents and other holdings someone will want

Godfather
12-17-2011, 05:02 PM
The only thing they have that consumers want is secure email. But they own patents and other holdings someone will want

For sure :lol:

I'm not sure how the culture is down there at major financial and similar big businesses, but the culture up here is that BB is the device you use if you're professional. Some of it is because of the security and how geared they are towards email and communication, but some is just because they're what the big boys use.

But they're losing the consumer market all together, almost no doubt about that.

PorkChopSandwiches
12-17-2011, 05:07 PM
My company and where my brother works were all BlackBerry users. We both switched away from BlackBerry. With there constant email outages they can't even properly handle their bread and butter. They have become a mockery among anyone I talk with.

Godfather
12-17-2011, 05:11 PM
We're talking small companies here though right?

Look at the big ones: RBC and TD Bank employee probably 150,000 people put together, just in Canada. They're exclusively Blackberry, that's not going to change. It's all about security and being professional, and App stores even on the BB are blocked for their employees. They're not going to be switching away from that any time soon. I've had friends with old blackberrys be asked to upgrade to new ones just so they don't look bush-league in front of clients.

Any company that services as many people as Blackberry continues really shouldn't be dropping 70% of its value in 8 months.

PorkChopSandwiches
12-17-2011, 05:13 PM
People are leaving them in droves. Big companies can't support 2-3 day email outages for to long.

PorkChopSandwiches
12-17-2011, 05:18 PM
You can currently go into gmail and set it up as secured. All that needs to happen is for Google to release a management server for android and rim will be finished

Teh One Who Knocks
12-17-2011, 05:24 PM
You can currently go into gmail and set it up as secured. All that needs to happen is for Google to release a management server for android and rim will be finished

I wouldn't put it past Google to be working on something like that right now considering how weak BB is

Teh One Who Knocks
12-17-2011, 05:25 PM
For sure :lol:

I'm not sure how the culture is down there at major financial and similar big businesses, but the culture up here is that BB is the device you use if you're professional. Some of it is because of the security and how geared they are towards email and communication, but some is just because they're what the big boys use.

But they're losing the consumer market all together, almost no doubt about that.

Maybe....maybe the big companies are still using BB, but I don't know anyone I work with, customers or vendors, that use a Blackberry. They are all on Apple or Android devices.

PorkChopSandwiches
12-17-2011, 05:29 PM
The BlackBerry management server allows the company full control over the endusers phone. You can add/remove apps and remotely wipe lost phones. With Google buying Motorola I can see it as their next step in world domination

Godfather
12-17-2011, 05:32 PM
:lol: Whatever. I just want that sexy new thin Blackberry Bold with the touch screen and full keyboard, running Android but still holding onto Blackberry Messenger.

Why is that so f'ing much to ask... we've been hearing rumors forever. The big one is it'll happen in February. If that comes and goes, you can hold me to it in this thread that I'll shop elsewhere.

Teh One Who Knocks
12-17-2011, 05:33 PM
The BlackBerry management server allows the company full control over the endusers phone. You can add/remove apps and remotely wipe lost phones. With Google buying Motorola I can see it as their next step in world domination

Seriously? They can do all that? :shock:

Wait, you mean RIM can do all that or the company someone work for supplying the Blackberry?

Teh One Who Knocks
12-17-2011, 05:34 PM
:lol: Whatever. I just want a Blackberry Bold running Android but still holding onto Blackberry Messenger

Why is that so f'ing much to ask... we've been hearing rumors about RIM supporting Droid forever. The big one is February. If that comes and goes, you can hold me to it in this thread that I'll shop elsewhere.

http://i.imgur.com/jensE.jpg

Godfather
12-17-2011, 05:35 PM
You should try typing on it a bit. So awesome. And navigating the device is seemless. Now it just needs some aps to navigate it.

PorkChopSandwiches
12-17-2011, 05:40 PM
Seriously? They can do all that? :shock:

Wait, you mean RIM can do all that or the company someone work for supplying the Blackberry?

The BlackBerry server is leased to the enduser for $20 a month per device :shock: its a total shakedown

Teh One Who Knocks
12-17-2011, 05:41 PM
You should try typing on it a bit. So awesome. And navigating the device is seemless. Now it just needs some aps to navigate it.

Swype > Any physical keyboard period



Sorry, I'm a convert and it's the truth after you use one

PorkChopSandwiches
12-17-2011, 05:42 PM
:lol: Whatever. I just want that sexy new thin Blackberry Bold with the touch screen and full keyboard, running Android but still holding onto Blackberry Messenger.

Why is that so f'ing much to ask... we've been hearing rumors forever. The big one is it'll happen in February. If that comes and goes, you can hold me to it in this thread that I'll shop elsewhere.

This article says they won't release until late next year.....if ever ;)