Archive for RIM

RIM Drops The Word “App” From Their App Store

Posted in Commentary with tags , on January 21, 2013 by itnerd

I’m guessing that the fact that the word “app” isn’t part of the BlackBerry App World is part of the upcoming BlackBerry 10 rollout. Let’s see what this blog post has to say:

Hey #TeamBlackBerry, if you were up at the wee hours of the morning today, you may have noticed a change to the BlackBerry App World web store. It is now simply called BlackBerry World. The naming change reflects a shift in the type of things you can purchase from the store as we transition to BlackBerry 10 and beyond.

As we mentioned back at BlackBerry Jam Americas, BlackBerry World will have much more than just apps – it will now be home to Videos and Music as well. BlackBerry World is going to be the one-stop shop for all of your mobile entertainment needs.

So, they’re taking an Apple like approach to try to be a “one stop shop.” Interesting strategy. I wonder if it will pay off? I guess we’ll find out at the end of the month when their media event is scheduled to take place.

RIM Has Good News And Bad News

Posted in Commentary with tags , on December 21, 2012 by itnerd

RIM released their Q3 results [Warning: PDF] yesterday. The good news is that RIM reported numbers that beat revenue expectations. Here’s the highlights:

• Cash increase of approximately $600 million to $2.9 billion
• Cash flow from operations was approximately $950 million
• Revenue of $2.7 billion
• GAAP net income from continuing operations of $14 million, or $0.03 per share diluted, including a $166 million favorable tax settlement
• Adjusted net loss of $114 million, or $0.22 per share diluted
• Shipments of 6.9 million smartphones and 255,000 PlayBooks

One thing about the last item. Those are shipments to carriers and retailers and NOT sales.

Here’s the bad news. Actually two pieces of bad news. RIM’s chief information officer Robin Bienfait is leaving the company at the end of this year. Hmmmm….. Read into that what you will. Here’s the second piece of bad news. The user base has shrunk to 79 million users. That’s going to hurt as it is possible that even with BB10 that these users have moved on to other smartphones.

The true test will be to see what happens at the end of January. That’s when RIM will stage a stunning comeback, or become another Palm.

Rogers Starts Taking BlackBerry 10 Pre Orders

Posted in Commentary with tags , , on December 17, 2012 by itnerd

If you’re looking to be first in line to get a BlackBerry 10 device, Rogers can help you with that. Rogers announced today that all you have to do is surf to www.rogers.com/reserve and make your reservation there. Full details about pricing, availability, and specifications will be announced in 2013. Likely around the time that RIM has its media event.

So, will you be reserving a BlackBerry 10 device? Please leave a comment and let us know.

Good And Bad News For RIM

Posted in Commentary with tags , on December 3, 2012 by itnerd

RIM has had more ups and downs than a roller coaster ride lately. Here’s an up for RIM:

Donald Yacktman, whose US$19 billion mutual-fund firm has outperformed peers by picking undervalued stocks, is leading a rush of investors betting Research In Motion Ltd. and its BlackBerry smartphone can recover.

Yacktman Asset Management bought 12.2 million RIM shares last quarter, doubling the firm’s stake to about US$252 million, according to data compiled by Bloomberg. Yacktman sees value in the BlackBerry’s 80 million users worldwide, its physical keyboard and the promise of a new operating system, even as the phone’s U.S. market share drops to less than 2% from 8.5% a year ago.

Clearly they see something that a lot of people don’t. That’s good for RIM. Here’s another up for RIM:

Goldman Sachs GS -0.79% is the latest to jump on the bullish train, boosting its rating to buy from neutral and lifting its price target to $16 from $9. The firm, as others have, cited growing optimism around RIM’s new smartphones, which are expected next year.

“For the first time in three years, we think out-year Street estimates are too low,” Goldman analysts wrote in a note to clients Thursday morning.

Okay. So more than one person feels that RIM has a pulse. But here’s something that’s a down for RIM:

For years, CIOs have watched iPhones force their way onto corporate networks. Now IDC reports that iPhone shipments will surpass BlackBerry shipments in the enterprise this year, noting that companies are buying iPhones “in droves.”

The report states: “By the end of 2012, Apple iOS will be the number one corporate-liable operating system device by volumes shipped. It is expected to hold onto this position throughout 2016.”

If you read the rest of the article, you’ll see the number 1 reason for this. Many employers are allowing employees to bring their own device to work. Those devices aren’t BlackBerries. Unless RIM can make the BlackBerry sexy again, then they’re doomed. It’s as simple as that.

This rollercoaster I suspect will continue until January 30th. That’s when RIM’s media event happens and that will define whether RIM lives or dies.

Yahoo CEO Upgrades Employees From BlackBerries To “Smartphones”

Posted in Commentary with tags , , on November 28, 2012 by itnerd

Here’s something that RIM will be desperately trying to spin. in an interview with Fortune on Tuesday, Yahoo CEO Marissa Mayer made this comment:

“One of the really important things for Yahoo’s strategy moving forward is mobile. So it was really important that our engineers, our salespeople, really everyone throughout our whole organization really understand Android, iPhones, and, you know, Windows 8 and really get a sense of what’s happening there and how to create an amazing experience… so we decided we wanted to get everyone upgraded to smartphones.”

Ouch.

To her BlackBerry products aren’t smartphones. That’s going to rub a few people in Waterloo ON the wrong way. But other companies are considering products other than RIM. I know because I’m helping some of them to do it. I have several customers who are now in whole or in part using something other than BlackBerries.

It really sucks to be RIM.

RIM Shares Drop As Morgan Stanley Declares BB10 To Be “Too Late”

Posted in Commentary with tags , on November 27, 2012 by itnerd

Well, so much for the rally for RIM stock. Morgan Stanley popped up and put an end to that in a hurry:

Investors appear to be taking the advice of Morgan Stanley analyst Ehud Gelblum, who this morning suggested they take profits because he believes the much-hyped BlackBerry 10 is doomed to failure. CNBC’s Jim Cramer did his part, reiterating his sell recommendation on Monday. The actions bring into focus that despite the recent bullish analyst reports grabbing investors’ attention, the Street is still overwhelmingly negative on RIM’s turnaround story.

The bad news didn’t end there:

But the biggest drag on the stock today appears to be a report from Kantar Worldpanel ComTech that found the BlackBerry’s market share in the U.S. has fallen to a tiny 1.6 per cent, as Apple Inc.’s iPhone continued to win over consumers with its new models.

The result? Predictable. The stock on the Toronto Stock Exchange is down 10%. It’s down a similar amount on the NASDAQ where RIM shares also trade.

Is it time for the fat lady to start singing? No. But whatever RIM has to show on January 30th better be stellar because the fat lady is warming up.

 

Another Analyst Likes RIM….. Stock Surges Again

Posted in Commentary with tags , on November 25, 2012 by itnerd

Fresh off the this analyst saying that RIM might have a pulse, comes another report that says something similar. National Bank Financial analyst Kris Thompson has joined the fray to say this:

“We think there is more money to be made ahead of the C2013 launch of BB10,” the analyst said in a note to clients. “The new management team is executing by maintaining the BlackBerry subscriber base, managing costs and cash, and seemingly readying a February 2013 BB10 global platform launch.”

This caused the stock the to rise on the TSX. So I guess that those who hold out hope for RIM have hopped onto the bandwagon. Now I’ve been very critical of RIM but I have to say that what I have seen of BlackBerry 10 looks good. But the question is this, is it too little too late? Clearly investors don’t think so. But we shall see very shortly.

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