The official BlackBerry Blog has published a post addressing the extraneous reviews by the top investment bank analysts. To keep it brief, BlackBerry is calling their bluff ever since their public praising of Mobiliron went awry. Or as the writer puts it, the company is "presenting the facts, as they see them." Lastly BlackBerry PR have provided key highlights about the direction the company is taking as they move forward. This is a much needed response we are looking for. IMO.
The official BlackBerry Blog has published a post addressing the extraneous reviews by the top investment bank analysts. To keep it brief, BlackBerry is calling their bluff ever since their public praising of Mobiliron went awry. Or as the writer puts it, the company is "presenting the facts, as they see them." Lastly BlackBerry PR have provided key highlights about the direction the company is taking as they move forward. This is a much needed response we are looking for. IMO.
Posted via CB10
They were just waiting for the right situation...
MOBILE Iron (MOBL) tanking... How do you spin that now GS and MS? .... lawsuits forthcoming indeed
Yes, I think we can honestly say there was another agenda at play with Morgan Stanley and Goldman. They clearly screwed up with pricing mobile iron which tells you one last two things. Either they are in bed with Mobile Iron or they are too stupid to understand that mobile iron's CEO was lying to them.
In regards to Mobile Iron's quarterly report, there are two things that are of interesting. First, the revenue miss was due to the fact that they are losing long term clients to other competitors (i.e BlackBerry). Second, those clients that do remain are opting for month-to-month billing and don't want to be locked into a long term contract. Doesn't look good.
It's good for BlackBerry to start to stand up for itself in the public arena. Factcheck is genius.. just needs the publicity for common knowledge and swinging back might just get it there and rid of the 'old age' stigma..
Yes, I think we can honestly say there was another agenda at play with Morgan Stanley and Goldman. They clearly screwed up with pricing mobile iron which tells you one last two things. Either they are in bed with Mobile Iron or they are too stupid to understand that mobile iron's CEO was lying to them.
In regards to Mobile Iron's quarterly report, there are two things that are of interesting. First, the revenue miss was due to the fact that they are losing long term clients to other competitors (i.e BlackBerry). Second, those clients that do remain are opting for month-to-month billing and don't want to be locked into a long term contract. Doesn't look good.
Posted via CB10
At the end of the day, Goldman and ms will do whatever they think brings them in the most money. If the ceo was lying to them, they probably saw through it right away anyway. Both of these companies are highly experienced and have motivations outside of just making sure the ipo is priced fairly. Even if they lost tens of millions of dollars in the recent fall, I guarantee you they already had bets against the company in some form or another, especially after ms covered their *** by changing the target price and recommendation the day after the guidance was changed.
MobileIron was feeding off "investor story time", and hoped they could jump in the gap left by BlackBerry's demise. Didn't work out due to involvement of the ChenFu Master... :-)
If you'd like to read a little about investor story time, here's some interesting reading material (also about advertising on the web).
Investors are told "we need more money, we're nearly there, etc. ...", and the IPO is just the dollop of cream on top that seals the deal and dumps the responsibility (making it, yeah, public - that is, the risk)...
«:-\
• Passposted while waiting for the Z-lider.... •
Not sure what you did differently, but your link got "..." added and broke the link. mad_mdx's link was good, despite looking the same in the browser with the "..."'s.
At the end of the day, Goldman and ms will do whatever they think brings them in the most money. If the ceo was lying to them, they probably saw through it right away anyway. Both of these companies are highly experienced and have motivations outside of just making sure the ipo is priced fairly. Even if they lost tens of millions of dollars in the recent fall, I guarantee you they already had bets against the company in some form or another, especially after ms covered their *** by changing the target price and recommendation the day after the guidance was changed.
Sure seems like that FactCheck... fell flat on it's facts.
At least Mobile Irons Revenues are increasing... and Chen didn't really want to offer any real numbers other than some vague "wins". Until BIS is all gone, it will be hard to know how BES is really doing.
The really sad thing is BES is for the most part irrelevant today. Go do a search for EMM or MDM and see what vendors come up first. Or check out some of the reviews that come up "10 BYOD mobile device management suites you need to know". I'm sure big companies know about BES... but BlackBerry just isn't a visible as they should be in the EMM market for smaller companies.