[Mr BBRY]

Boeing on bes12! Nice!

[Reed Richards]

Did Chen just say that Boeing is going with BES12?

[Signhere]

Yup, maybe try desktop mode




Posted via CB10

[Superfly_FR]

NA and Europe account for 61% of Passport sales. No specific sale numbers though.

[spiller]

revenue bottom in.

Believe Chen said one more quarter lower rev (Q4)

[Superfly_FR]

Boeing like the "blackphone company" ? #haha #sweet

[helopilot06]

Jeez im hoping for a crazy rally later... I expected down but not 9.31$ down.

[StormieTwo]

They are ending the EZpass program early after a 100% increase in license turn ins (1/3 from competitors).

Nice!

[ZayDub]

Yup, maybe try desktop mode




Posted via CB10

Unfortunately, still no luck. When I put in desktop mode I got this screen:




Tour 9630 > Bold 9650 > Q10 > Classic or Passport???

[Dunt Dunt Dunt]

Sorry but the company is still shrinking.... less revenue and fewer sales of devices. And on devices, the have been discounting them and they launched a new device, yet sales fell almost 30%. It's apparent that those EZ Pass licenses are not converting over to hardware sales as of yet.

[morganplus8]

Guys and gals, let the webcast end before you worry about the price of the stock!!!!

[helopilot06]

Sorry but the company is still shrinking.... less revenue and fewer sales of devices. And on devices, the have been discounting them and they launched a new device, yet sales fell almost 30%. It's apparent that those EZ Pass licenses are not converting over to hardware sales as of yet.

I'll take a smaller company that is profitable and can ramp up over time to a reflection of its former self any day. One of the biggest downfalls of large companies is the inability to shirk to a size suitable for the business that they are fielding when needed and then to expand as needed. Want an example... the us auto makers that had well over grown and over spent their support base. I like the shape bbry is in and will be adding some of these discounted stocks.

Posted via crackberry10 on my new Z30!

[spiller]

So only 200K passports sold and still trying to catch up for shipping them out?

So they cleared out old inventory models.

Only Classic and Passport and maybe a few of the Zs left. Will be interesting to see how many Classics they can sell this Q.

Classic by Foxconn confirmed. I guess Mexico is the only plant making the Passport (and if they still do any manufacturing in Waterloo...)

Classic revenue for Q = 400M; but loss of SAF against this. Not sure if this was an example or target.

[helopilot06]

So only 200K passports sold and still trying to catch up for shipping them out?

Id love to have better supply quantities, but its not a terrible thing to have some fodder in the pipeline that we are still trying to meet the demand for the passport. Great phone, Great margins on them, and Great to hear that we have such great sell through compared to the Z10 lol

[Superfly_FR]

Sorry but the company is still shrinking.... less revenue and fewer sales of devices. And on devices, the have been discounting them and they launched a new device, yet sales fell almost 30%. It's apparent that those EZ Pass licenses are not converting over to hardware sales as of yet.

You have to take the sell-trough point. Most passport were'nt shipped so, not in the figures.
Flush of BBOS inventory (93%) has also been pushed by strong incentives.
Let's see how it goes next Q ... End of fiscal 2015 (Feb).

That's not a financial problem, that's a supply chain one.

[morganplus8]

So only 200K passports sold and still trying to catch up for shipping them out?

Far more sold but only LESS than 200,000 recognised in the Q3 quarter. The majority of Passports are in the Q4 period.

[Superfly_FR]

So only 200K passports sold and still trying to catch up for shipping them out?

Nope, initial lot was 200K and has been (mostly) shipped during Q.
Back-log only got cleared a few days ago (i.e not in Q figures)

[bbjdog]

UPDATE 1-BlackBerry reports adjusted profit, but revenue disappoints (Thomson Reuters)

(Adds analyst estimates and analyst comment, adjusted earnings, stock reaction)

By Allison Martell

TORONTO, Dec 19 (Reuters) - BlackBerry Ltd on Friday reported a small adjusted third-quarter profit and returned to positive cash flow, but shares fell as revenue declined more than expected.

Revenue fell to $793 million from $1.19 billion a year earlier, falling short of expectations. Analysts expected $931.5 million.

BlackBerry's Nasdaq-listed shares fell 5.6 percent to $9.50 in premarket trading.

Cash flow was positive $43 million in the third quarter, while the company had negative cash flow of $36 million in the second quarter. BlackBerry had said it was targeting break-even cash flow by the end of the fiscal year in February 2015.

Colin Gillis, tech analyst at BGC Partners in New York, said BlackBerry Chief Executive Officer John Chen did a good job controlling expenses to boost the company's cash pile.

"The fact that he overachieved by turning cash flow positive this quarter. That's a great milestone," said Gillis. "It gets easier from here."

Excluding, a one-time non-cash debenture charge and restructuring charges, the company reported a profit of 1 cent a share. Analysts polled by Thomson Reuters I/B/E/S expected a loss of 5 cents.

The Waterloo, Ontario-based company reported a net loss of $148 million, or 28 cents a share, in the quarter ended Nov. 29. That compared with a year-earlier loss of $4.4 billion, or $8.37 a share.

BlackBerry launched its long-awaited Classic smartphone on Wednesday, hoping to help win back market share and woo customers still using older versions of its physical keyboard devices. The phone resembles its once wildly popular Bold and Curve handsets. (Reporting by Euan Rocha, Allison Martell, Jeffrey Hodgson and Alastair Sharp; Editing by W Simon and J Benkoe)

Posted using my Z10 or BlackBerry passport.

[Superfly_FR]

@Morgan: what is the approx. bottom we should look at ? (sry to ask that)

[morganplus8]

@Morgan: what is the approx. bottom we should look at ? (sry to ask that)

I think you are seeing it right now in pre-market, the $ 9.30 - $ 9.40 level is a steal with those numbers. Starting low and rallying is better to me, then starting high and selling off all day. Love the questions so far, the webcast is really interesting stuff. Not happy that less than 200,000 passports included in Q3 though, that's the only black mark on this report, the numbers are solid. Why they didn't see those numbers not making it to Q3 is a disappointment to me but not worth a drop in the price of the stock.

[W Hoa]

Chen has the opposite problem to Heins....in one case too many Z10's in the other too few Passports.

BES 12 subs up to 6.8 from 5.1 previous quarter.

[ZayDub]

http://mobile.bloomberg.com/video/bl...tml?cmpid=yhoo

Reminder: Like John said, breakeven + positive cash flow....we will break even/make money, and then GROW! seems to be right on track...

Tour 9630 > Bold 9650 > Q10 > Classic or Passport???

[notafanofyou]

If I only could buy now in the $9.30-$9.40. Come on shorts keep this price or lower til open. What a steal.

Posted via CB10

[CDM76]

http://www.cbc.ca/news/canada/kitche...down-1.2878518

"BlackBerry narrowed its net loss*to $148-million US in its third quarter and did better with adjusted* earnings than expected, as the company pushed ahead with a*turnaround plan aimed at becoming profitable again.

The Waterloo, Ont.-based company's net loss was equivalent to 28*cents per share, compared with a loss of $207 million or 39 cents*per share in the same period a year ago."

Typical CBC. Always a negative spin on all things Canadian.

Posted via CB10

[bspence87]

I think you are seeing it right now in pre-market, the $ 9.30 - $ 9.40 level is a steal with those numbers. Starting low and rallying is better to me, then starting high and selling off all day. Love the questions so far, the webcast is really interesting stuff. Not happy that less than 200,000 passports included in Q3 though, that's the only black mark on this report, the numbers are solid. Why they didn't see those numbers not making it to Q3 is a disappointment to me but not worth a drop in the price of the stock.

This is how I'm seeing it. Imagine 300k were backordered, average price $600. Puts us at $968mil revs, bigger profit...

On a plus side, we will see them next quarter + Classic!

Posted via CB10