If people hadn't boycotted Balsillie for trying to move a warm-weather hockey team, none of this would have happened.
Quite possible. It's the reason I didn't get a Blackberry (back when they were cool).
If people hadn't boycotted Balsillie for trying to move a warm-weather hockey team, none of this would have happened.
Can we get a better board. This layout sucks.
Quite possible. It's the reason I didn't get a Blackberry (back when they were cool).
I think what he's saying though is that very few companies have actually abandoned or switched over from BB. Almost everyone I know in several industries still use Blackberries. There's no talk yet of a massive changeover.
that's the biggest issue though. RIM has totally failed at recognizing a consumer market exists for smart phones. Yes, they are far more prominent in a business setting, however, that is but a small part of the smart phone market now.
She owns a graphics company, I'd say she's a small part...You weren't part of their target market. They sell to corporate clients and service providers.
It's funny to listen to everybody doom & gloom RIM. You forget they're vertically integrated. Despite the success of the Android platform, there are tons of manufacturers of android devices. RIM build their own stuff. In addition, Android is open source. There are tons of products and apps they don't make a dime on. BB on the other hand owns their marketplace and pipeline. On top of all that their earnings per share are strong, just not as strong as analysts projected. Their market share has taken a hit, but BB isn't going under.
Companies that are doing quite well generally don't see their stock drop almost sixty-percent in three months...
Yes.I'm curious how this has anything to do with Hockey...even to be an 'OT' thread.
Can somebody tie it together for me? Is the angle that Balsillie is now broke and no longer a potential NHL Owner because......he can't afford to be???
Yes.
I'm curious how this has anything to do with Hockey...even to be an 'OT' thread.
Can somebody tie it together for me? Is the angle that Balsillie is now broke and no longer a potential NHL Owner because......he can't afford to be???
Again, RIM is a major, prominent sponsor of the NHL. RIM's financial future could be directly relevant to the business of the NHL. Sponsorships and marketing are often the first on the chopping block when a company hits hard times.
This is relevant to the business of the league, even apart from Balsillie's personal ownership ambitions.
Actually they do. It is caused by the company not doing as well as expected. They didn't meet their targets....they still did well. By not meeting those targets their stock drops. That doesn't mean the company is in rough shape...it means they aren't doing as well as they figured (and their shareholders believed) they would be.
I have seen many companies report solid revenues and profits...and their stock plummets. Because the revenues and profits weren't what the company said they would be.
Well then....I need to say how absolutely and incredibly ridiculous that is.
Actually they do. It is caused by the company not doing as well as expected. They didn't meet their targets....they still did well. By not meeting those targets their stock drops. That doesn't mean the company is in rough shape...it means they aren't doing as well as they figured (and their shareholders believed) they would be.
I have seen many companies report solid revenues and profits...and their stock plummets. Because the revenues and profits weren't what the company said they would be.
It goes well beyond that. They fell well short of even their own lowered expectations.
They fell short of their guidance that they had already set significantly lower just 6 weeks ago (4/29) - which caused a 15% drop back then.
It is a very bad sign when a company doesn't have the visibility to project earnings even a half a quarter out.
When a company's market share in sales drops 2/3s in 9 months and it loses 15% of its subscriber base in just 3 months and analysts still have it as a "Sell" despite a P/E of 4.3 - indicating the expectation of significant revenue (and earnings) decline - it has more fundamental problems than one blown quarter.
And today, as shares took an additional hit of 5%, Boy Genius Report received information that the rest of the year will be even rougher than expected.
According to a source familiar with the matter, RIM has been "strong-arming several carriers" to approve half-baked BlackBerry devices to fill the embarrassing void until the next-generation platform debuts. (This, of course, won't occur until 2012.) The company has been forcing smartphones like the BlackBerry Bold 9900 down the throats of carriers, ensuring that the devices are approved "no matter what -- with bugs and problems."
Geller adds that this isn't anything new for BlackBerry releases. The BlackBerry Torch and BlackBerry Storm notwithstanding, several RIM devices have been plagued with glitches, unpolished software, and random reboots. Geller writes:
"There have been multiple devices, we have been told, that have been forced through the Technical Acceptance process with multiple carriers, and it's one of the reasons some carriers launch devices sooner than others (barring any exclusivity arrangements) -- some play ball but others won't. Remember how Rogers was one of the first carriers to launch the BlackBerry Bold 9000 while AT&T didn't launch the device until November? The device constantly failed Technical Acceptance on AT&T, but Rogers pushed the device out anyway as a result of pressure from RIM. And Rogers is most certainly not the only carrier that has found itself in that position."
So what does this mean?
Well, rather than having a 2011 lineup completely bare of new products, RIM is peppering the next few months with buggy, glitchy, subpar devices. The company is no longer allowing customers to flock over to Apple, Google, and -- hell, why not? -- Microsoft because of a lack of devices and limited app development. It's forcing customers to flock over to Apple, Google, and Microsoft because the released devices are so unpolished and bug-addled -- thus ensuring that nobody will ever return.
Launching new products is always difficult. Launching new products with hundreds of different carriers is exponentially more difficult. Apparently there is an easy way and a hard way to do things, however, and RIM has been making carriers offers they can’t refuse. BGR has learned from a trusted source that RIM has been strong-arming several carriers, essentially forcing them to approve devices they normally would not move through the Technical Acceptance phase.
Here is how it works: once an OS software build (bundle) has been tested internally at RIM, and the OS performs well, it moves up to be a Technical Acceptance candidate. The OS is then sent to the carrier to test and approve, or test and reject. If a carrier rejects a build, it can take weeks to get a new build tested and approved, and it can slow down a device’s release by months — as evidenced many times with different BlackBerry products in the past.
What’s the problem, then? We have been informed by a very reliable source at a major carrier that RIM has been putting an enormous amount of pressure on carriers to approve the upcoming BlackBerry smartphones like the BlackBerry Bold 9900 — phones that have to hold RIM over until its next-generation platform launch in 2012 — and that certain carriers will be approving the devices, “no matter what — with bugs and problems.†Additionally, RIM is putting huge pressure on its internal engineers to deliver Technical Acceptance bundles even when there are serious problems with the OS. In short, RIM is pushing unfinished OS builds from its engineers to the carriers, and demanding that the carriers approve them.
The thing is, this isn’t something new, and it’s part of the reason your BlackBerry is so buggy, reboots randomly, and there are possible signal and connection issues. There have been multiple devices, we have been told, that have been forced through the Technical Acceptance process with multiple carriers, and it’s one of the reasons some carriers launch devices sooner than others (barring any exclusivity arrangements) — some play ball but others won’t. Remember how Rogers was one of the first carriers to launch the BlackBerry Bold 9000 while AT&T didn’t launch the device until November? The device constantly failed Technical Acceptance on AT&T, but Rogers pushed the device out anyway as a result of pressure from RIM. And Rogers is most certainly not the only carrier that has found itself in that position.
She owns a graphics company, I'd say she's a small part...
It's funny to listen to everybody doom & gloom RIM. You forget they're vertically integrated. Despite the success of the Android platform, there are tons of manufacturers of android devices. RIM build their own stuff. In addition, Android is open source. There are tons of products and apps they don't make a dime on. BB on the other hand owns their marketplace and pipeline. On top of all that their earnings per share are strong, just not as strong as analysts projected. Their market share has taken a hit, but BB isn't going under.
Example of this with a company as large as RIM please?..
This isn't plummeting, this is disaster...stocks as owned as RIM don't fall that hard, I can see up to 10% because of slightly missed targets, but 60% is a different beast...
Yet he could still buy like 6 NHL franchises...To be fair, the guy has lost hundreds of millions in the last few months...
As much as he's not broke, there aren't too many examples of such a public fall from glory for a prospective owner...
You can't be serious.
I work in downtown Toronto and every second person I see has a BB, and they're not all government employees and politicians. BB's are huge in the financial sector - it's my company's preferred device (due to security) and we have around 100,000 employees worldwide. The same scenario plays out for other companies where my friends work. I'm actually surprised at how many kids I see with BB's.
Karma doesn't get you during high growth. Karma pays you back when there are alternatives. MSFT is getting payback as we speak.