09-16-11 10:59 AM
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  1. boldman4's Avatar
    Anyone else sense a fire sale in the future?
    09-15-11 03:24 PM
  2. bb-bandit's Avatar
    Anyone else sense a fire sale in the future?
    Can u say HP Touchpad?
    09-15-11 03:27 PM
  3. boldman4's Avatar
    Can u say HP Touchpad?
    For reference, they had shipped 500,000 during the launch quarter.
    09-15-11 03:29 PM
  4. djdnz's Avatar
    What's your source for this information, since they haven't released it yet?
    Last edited by djdnz; 09-15-11 at 03:34 PM.
    09-15-11 03:30 PM
  5. Economist101's Avatar
    What's your source for this information, since they haven't released it yet?
    RIM released it ten minutes ago.

    EPS was $0.80 versus expectations of $0.88
    Revenue was $4.2 billion versus estimates of $4.5 billion
    It shipped 10.6 million BlackBerrys versus expectations of 11.9 million
    RIM shipped 200,000 PlayBooks versus expectations of 562,000
    Cash on hand declined to $1.4 billion from $2.9 billion in the quarter before ($780 million on the Nortel patents, $285 million in capital expenditures, etc).

    Read more: http://www.businessinsider.com/resea...#ixzz1Y3VZo879


    Read more: LIVE: RIM MISSES BIG
    Last edited by Economist101; 09-15-11 at 03:37 PM. Reason: Clarity
    09-15-11 03:33 PM
  6. robsteve's Avatar
    What's your source for this information, since they haven't released it yet?
    The Stock Market, Canadian Stock Exchange | TMX Group
    09-15-11 03:33 PM
  7. papped's Avatar
    Hoping for some big losses tomorrow for a limit order.
    09-15-11 03:34 PM
  8. djdnz's Avatar
    My bad, I assumed it would be released during the call at 5PM EST.
    09-15-11 03:35 PM
  9. MPLexus301's Avatar
    Not a good day in Waterloo...nor for anyone who owns RIM stock.
    09-15-11 03:35 PM
  10. Darlaten's Avatar
    Disappointing but not unexpected.
    09-15-11 03:36 PM
  11. papped's Avatar
    Can u say HP Touchpad?
    For the last time, the Touchpad was not killed simply because of poor Touchpad sales...
    09-15-11 03:39 PM
  12. boldman4's Avatar
    Scariest news is that RIM burned through half of their stash of cash ($2.9 billion) during one quarter. There's a strong possibility of running out of it within the next couple of quarters. Imagine if they had manufactured more playbooks. They would barely have any cash left.
    09-15-11 03:39 PM
  13. Economist101's Avatar
    Scariest news is that RIM burned through half of their stash of cash ($2.9 billion) during one quarter. There's a strong possibility of running out of it within the next couple of quarters. Imagine if they had manufactured more playbooks. They would barely have any cash left.
    Remember that a significant portion of the cash drop was the Nortel patent purchase; they won't be making any similar purchases in the future.
    09-15-11 03:43 PM
  14. Darlaten's Avatar
    Does this mean the Playbook is a failure and should be dropped? This plus the Exec departures very not good!
    Yes, it does mean the Playbook has failed - really this should not come as a surprise to anyone. As to your question concerning should it be dropped - that is a little less unclear.

    There is still time for RIM to turn it around regarding the Playbook - updating features, providing features that consumers actually want, being more visible in terms of marketing and communicating with the tech community, developers, and consumers.

    The Playbook does not have to be the #1 tablet - and in all honesty, it never would have - all it needs to do is be successful for RIM.

    The question is whether or not RIM has the resources and wherewithal to truly support the device and carry it through. There is nothing wrong with providing a solid niche product. But will RIM see it that way is anyone's guess.
    JAGWIRE likes this.
    09-15-11 03:45 PM
  15. papped's Avatar
    Scariest news is that RIM burned through half of their stash of cash ($2.9 billion) during one quarter. There's a strong possibility of running out of it within the next couple of quarters. Imagine if they had manufactured more playbooks. They would barely have any cash left.
    Do you honestly think they did or would spend a large portion of their cash reserves on day-to-day manufacturing costs for a single product in a quarter...
    09-15-11 03:45 PM
  16. MPLexus301's Avatar
    When you cannot even build a tablet with native email...what do you expect? Add to that weak app offerings and it's no wonder that it has done so poorly.

    We all love our PlayBooks and know it's a great device, but to someone who doesn't own a BB phone, this tablet makes no sense. Consider the shrinking volume of BB phone users in this country as well...


    In FIVE MONTHS we have had nothing but minor revisions and updates, and aside from video chat, not really ANYTHING that we were originally promised or asked for.


    So...IMO, these numbers are exactly what they should be.
    09-15-11 03:47 PM
  17. boldman4's Avatar
    Remember that a significant portion of the cash drop was the Nortel patent purchase; they won't be making any similar purchases in the future.
    They burned through 1.4 billion, half of which was for the patents. Considering other companies are adding to their cash piles, dropping 700 million in a quarter is cause for alarm.
    09-15-11 03:49 PM
  18. boldman4's Avatar
    Do you honestly think they did or would spend a large portion of their cash reserves on day-to-day manufacturing costs for a single product in a quarter...
    No company on solid ground decreases their pile of cash. Especially not by half in 3 months.
    09-15-11 03:50 PM
  19. papped's Avatar
    No company on solid ground decreases their pile of cash. Especially not by half in 3 months.
    What? Where do you think patent purchases come out of? The air?
    09-15-11 03:52 PM
  20. Economist101's Avatar
    They burned through 1.4 billion, half of which was for the patents. Considering other companies are adding to their cash piles, dropping 700 million in a quarter is cause for alarm.
    I'm not claiming it isn't, just that cash expenditures during the quarter were not typical for the company.

    Posted from my CrackBerry at wapforums.crackberry.com
    09-15-11 03:54 PM
  21. papped's Avatar
    Also who exactly is claiming RIM is on solid ground during a transitional phase where most companies fail to come out of? Nobody...

    Cash expenditure with patent purchases during transition = expected cash loss....
    09-15-11 03:55 PM
  22. boldman4's Avatar
    I think it's fair to say that RIM needs to drop the Playbook and move to kickass smartphones. Playbook success is just not gonna happen.
    Chrisy likes this.
    09-15-11 04:04 PM
  23. moe1up's Avatar
    its amazing that im listening to the webcast and posting this from a device thats about to get nixed.

    Posted from my CrackBerry at wapforums.crackberry.com
    09-15-11 04:07 PM
  24. boldman4's Avatar
    its amazing that im listening to the webcast and posting this from a device thats about to get nixed.

    Posted from my CrackBerry at wapforums.crackberry.com
    Why the heck is Jim going on about in store displays and accessories and crap like they will save his company. This dude is a joke. He needs to visit a Best Buy and see how those in-store displays are.
    09-15-11 04:13 PM
  25. moe1up's Avatar
    playbook lives on!!!!!! atleast through December. lol

    Posted from my CrackBerry at wapforums.crackberry.com
    Last edited by moe1up; 09-15-11 at 04:16 PM.
    09-15-11 04:13 PM
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