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JC gave a guidance of 15 cents operating loss per share for F17. But Q1 is already break even. So it will still lose more in next 3 quarters. What are your guys' thoughts on this?
Posted from my trusted Passport06-25-16 07:16 AMLike 0 - Theory/hunch: BlackBerry is licencing their android features/apps to Samsung for the Note 7 launch, including a more advanced Hub. Samsung went with dual edge screen because of this. And someone buying Aug 9 calls when this phone launches Aug 2. Chen is confident he can say hardware is profitable by the Sept 20ish ER after phone unit sales are reported by samsung. Say $1 per device (this is the number Chen used on the CC yesterday and makes sense), and Samsung also brings this to their other devices as differentiator. That's a ton of revenue. Now...if Samsung has built their own 'FOCUS' then Chen mush have another OEM lined up to be so confident in hardware by September when it looks like the next phone won't launch until August.
Posted via CB10
Posted via CB1006-25-16 09:47 AMLike 0 - I think this type of licensing is now counted in their devices business, not software. Chen is annoyingly imprecise with his language, but piecing together his CNBC appearance with the earning call, I think he's aiming for profitability for the device business as a whole. So that would include licensing of the Hub, for example.ZayDub likes this.06-25-16 10:11 AMLike 1
- I think this type of licensing is now counted in their devices business, not software. Chen is annoyingly imprecise with his language, but piecing together his CNBC appearance with the earning call, I think he's aiming for profitability for the device business as a whole. So that would include licensing of the Hub, for example.
BBM Channel: C002165D3 Tour 9630 > Bold 9650 > Q10 > Playbook > Classic AND Passport SE!!!06-25-16 10:28 AMLike 0 - http://www.zdnet.com/article/blackbe...to-turnaround/
"Radar is currently in trials with three companies. TD Securities analyst Daniel Chan said on of those companies may be Wal-Mart. If Chan is correct, Radar would have an instant reference customer that operates at scale."
"According to Chan, Radar's total addressable market is $2.1 billion in hardware and $1.7 billion in annual recurring. Should Wal-Mart be a Radar customer, other industries would follow."
Posted Via blackberry passport.06-25-16 11:27 AMLike 7 -
We are seeing analysts use different criteria to valuate BB, some, who don't like the company use declining revenues to figure out a target, others, use margins, growth and a variety of numbers to get to a number. On operating gains/losses alone, we should be valued much higher today, Chen knows that and made a point of saying it to them directly.
He also stated that - $ .15/shr excludes IP licensing, RADAR, and HW going to break-even so he leaves a huge door open for a substantial improvement to their operating income number for this Fiscal Year. On top of that, he told us that HUB software revenue goes into Mobility and that they design phones not make them any more so the future losses from HW are behind us. We have seen HW write-downs drop from the billions to just $ 41 MM this quarter and we lost only $ 20 MM on HW at that. Still we talk about hardware as if it matters today. Chen will turn HW around and no one sees it coming but we still have to endure one more losing quarter before we launch new products and at little to zero risk. Chen wants to see the company be profitable and I believe if you take into consideration all of the improvements that he stated, which are coming soon, we will easily get there. Heck, not one analyst even asked what the retirement of Convertible debt will do to the bottom line this year. That's $ 75 MM in interest that BB won't be paying or more than it costs to carry HW for the year. The company is doing so well that you have to use revenue drops in your forecast now to make it look worse than it really is. Expect pleasant surprises in the Fall.Last edited by morganplus8; 06-25-16 at 12:39 PM.
06-25-16 12:14 PMLike 19 -
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- update from Morningstar analyst, price tgt remains at $8
Analyst Note
Brian Colello, CPA, Sector Director, 23 June 2016
BlackBerry reported respectable fiscal first-quarter results, essentially breaking even on an adjusted EPS
basis, and we applaud the firm’s improved financial disclosures, which include both segment reporting and a
BlackBerry Remains Focused on Profitability, Reports Solid Q1 Results; concrete adjusted EPS target of a $0.15 loss (ahead of prior Street estimates) for fiscal 2017. When combined with CEO John Chen’s recent statements, these disclosures lead us to suspect that BlackBerry’s disclosures are helping to set the stage for insight into the business if and when the firm shuts down its hardware business. Although hardware cost-cutting efforts have been impressive, we’re skeptical that BlackBerry can drum up enough demand for devices (which will likely include two midrange Android-based models later this year) to save this business. We maintain our $8 fair value estimate and no-moat rating for the firm. Shares in this turnaround story appear undervalued to us, but we reiterate our very high uncertainty rating on this volatile stock. BlackBerry’s adjusted revenue in the May quarter was $424 million, down 13% sequentially and 36% year-over-year. Besides the ongoing winding-down of service-access fee revenue (down 25% sequentially), the firm’s hardware sales again weighed on the firm, down 20% sequentially, as the company sold only 500,000 units despite the recent launch of the BlackBerry PRIV. Software remains the bright spot, with revenue up 8% sequentially and 21% year over year. We weren’t especially surprised by BlackBerry’s profitability in each of its three segments, which the firm disclosed for the first time, but 81% gross margins and 22% adjusted operating margins for the software segment are encouraging. Hardware generated only an 8% gross margin and a $21 million adjusted operating loss, despite minimal operating expenses ($33 million) in this group, so the firm still has further to go to reach profitability, in our view. However, the firm did indicate plans to license its mobile operating system.
and update from S&P Capital IQ price tgt remains at $9
June 23, 2016
09:52 am ET ... S&P GLOBAL MAINTAINS HOLD RECOMMENDATION ON SHARES
OF BLACKBERRY LIMITED (BBRY 6.74***): We keep our 12-month target price at
$9.00, on near peers price-to-sales. We narrow our FY 17 (Feb.) operating loss per
share estimate by $0.20 to $0.15 and FY 18 by $0.19 to a $0.26 loss. BBRY posts
May-Q per share estimate of breakeven vs. $0.04 EPS, beating the $0.08 Capital IQ
loss view. Sales fell 39%, more than expected, on lower hardware devices. We
are encouraged by tight cost controls, but are wary of co.'s ability to achieve
sustainable profitability in Mobility Solutions. We see software growth led by
enterprise
➤ Our 12-month target price of $9.00 is based on a
price-to-sales of 2.8X to our FY 17 sales per
share estimate, near peers.06-25-16 06:07 PMLike 10 - Bla1ze's take on the above-mentioned Alcatel DTEK 50:
TCL-built BlackBerry Hamburg turns up Wi-Fi certification filings | CrackBerry.com
+ this:
http://www.phonearena.com/news/Wi-Fi...Idol-4_id82600Last edited by Corbu; 06-25-16 at 06:47 PM.
06-25-16 06:35 PMLike 5 - Rumours about upcoming devices... FWIW!
(?????) BlackBerry Argon ? BlackBerry Mercury ? ????? ?????????? ? ?? ????????????
Argon
Form factor - Candy bar
Display 5.5 inches with a resolution of 2560 x 1440 pixels
8996 Chipset Qualcomm (Snapdragon 820 �lite�)
4 GB of RAM, 32 GB of internal memory
Main camera 21 megapixel and an 8 MP front camera
Built-in fingerprint scanner module
Battery 3000 mAh with support for fast charging function Quick Charge 3
USB Type-c
Mercury
Form factor - Classic 4-row keyboard, aluminum housing
4.5 inch LCD display with a ratio of 3:2
8953 Chipset Qualcomm (Snapdragon 625)
3 GB of RAM, 32 GB of internal memory
Main camera 18 megapixel and an 8 MP front camera
Battery 3400 mAh with support for fast charging function Quick Charge 3
BlackBerry Argon will be available this fall (approximately October) and the cost is expected to reach $ 200-250. BlackBerry Mercury Classic device can be expected only in the first quarter of 2017, the unit will target the corporate segment. Cost is not currently known.06-26-16 08:08 AMLike 10 - So, just thinking now that Chen has basically completed the transformation of BlackBerry to a software company, since he said as far as hardware is considered, they are now a 'design house'
In that case, has BlackBerry become a target for a buyout?
I love their hardware and would do anything for a passport 2, but I see that the way BlackBerry is currently structured, that it really doesn't matter who the owner is. It can continue on as is and or be integrated into another company
So, does anyone else feel they are more of a buyout target now?
Posted via CB10Last edited by farmwersteve; 06-26-16 at 11:28 PM.
06-26-16 09:56 PMLike 0 - 1. I've heard about mid-priced device coming out soon. Would they also be mid-spec'd? You (BlackBerry) have already admitted to overpricing PRIV. But now if you release a mid-priced device and bump-down specs, then it'd fail (same as Priv) because then it'd be an "OVERPRICED" device among mid-spec'd devices. I hope that is being considered by your pricing team.
Please do NOT say that your pricing team is aware. Time and again, your pricing team has made pricing disasters. So, make sure you make them aware of these things. If the device is going to be mid-priced but also mid-spec'd then you are repeating the same mistake. $500 device should have flagship specs (comparable to OnePlus3, S7 etc)
2. You release devices after devices but spend close to ZERO on marketing (advertising) these products. Perhaps you do spend a size-able amount but you spread that amount all over the world and so each 'city' ends up receiving little to no marketing. You need to significantly increase advertising-spend in your major cities. Instead of spending $100M in 100 cities (meaning, $1M per city), perhaps you should spend $100M in 10 cities so $10M per city. 10x the previous amount.tinochiko likes this.06-26-16 11:51 PMLike 1 - Just as a summary/reminder:
Published on May 2, 2016
May 2 -- BlackBerry CEO John Chen talks about plans for new smartphones and the company's earnings. He speaks from the Milken Institute Global Conference on "Bloomberg Markets."06-27-16 07:40 AMLike 7 - http://www.marketwired.com/press-rel...ry-2137680.htm
BlackBerry and Emtek Forge Partnership to Accelerate and Advance BBM's Consumer Business Globally
June 27, 2016 09:15 ET
Alliance to transform BBM's cross-platform offerings through new content-rich features and innovative BBM services
WATERLOO, ONTARIO and JAKARTA, INDONESIA--(Marketwired - June 27, 2016) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), a global leader in secure mobile communications, announced a strategic alliance with PT Elang Mahkota Teknologi Tbk. (Emtek) (IDX:EMTK)(JSX:EMTK) that will provide cross-platform BBM users with access to enriched content and services. This landmark partnership accelerates BlackBerry's vision to advance BBM for the consumer market through a licensing agreement with Emtek Group that enables the company to develop new BBM applications and services for Android, iOS and Windows Phones.
To strengthen the alliance, Emtek's digital content arm KMK Online will establish an office in the Toronto area to work closely with BlackBerry. KMK Online has a wide breadth of media assets that will be combined with more than 20 of Emtek's businesses and investments to bring significant value and services to BBM. These investments span across broadcast television, Web properties, content production and artists. This means, in the coming months, users will have access to a plethora of content such as national free-to-air (FTA) television stations, one of the leading online video platforms, three exclusive production houses and a library of more than 100,000 hours of TV and premium content, just to name a few.
BlackBerry will also extend its open mobility ecosystem by making the BBM application program interface (API) available to Emtek in order to accelerate the growth of partners and service providers. Integrating BBM's social, chat, commerce and content capabilities with Emtek's substantial portfolio of assets and ecosystem will help maximize the potential of BBM to give customers access to new:
Content - music and video streaming, games, sports and news channels, celebrity blogs and more
Commerce - shopping, gifting and coupons/vouchers
Online to Offline Commerce - booking movies, travel, health services or job postings
Finance - payment processing, money transfer, mobile phone re-charge, and utilities billing
As one of the leading messaging services, BBM cross-platform has seen significant popularity in Indonesia, growing to nearly 60 million monthly active users. Emtek, as Indonesia's leading media content company, is an ideal partner to advance the innovation and capabilities of the BBM platform.
Licensing BlackBerry software and IP is part of the company's strategy to increase revenue and improve margins. Not only does the alliance with Emtek facilitate this goal, it achieves operational and cost efficiencies while driving growth in the BBM business as Emtek will invest in people, infrastructure, technology development and the ecosystem.
"Emtek's impressive background and pedigree in entertainment, content and technology makes them the perfect partner to maximize the potential of BlackBerry's messaging platform while meeting our financial and operational goals," said John Chen, Executive Chairman and CEO, BlackBerry. "Our BBM users are passionate people that truly value BBM as the best way to share and connect with each other. We wanted to continue to offer our users even more with the most content-rich media and new services such as e-commerce, video, music and games."
"Our partnership with BlackBerry will allow BBM users to access exclusive content from some of Emtek's most sought-after entertainment, technology and digital products and services," said Alvin Sariaatmadja, CEO of Emtek. "We see significant opportunity to grow the consumer BBM business globally and are excited to invest in research and development to further advance BBM."
Partnering with Emtek enables the growth of both consumer and enterprise BBM. As Emtek advances the platform for the consumer market, BlackBerry will continue to advance the platform for enterprise with BBM Protected, the world's most secure cross-platform messaging service. BBM Protected provides enterprise-grade messaging for Android, iOS, BB10 and BBOS, and enables users to stay connected and engaged with each other through real time messaging, voice and video communications.06-27-16 08:22 AMLike 12 - Superfly_FRRetired ModeratorYou beat me at it again Corbu !
Nice to see BBM is not a "past-topic" and they're going forward to enhance its capabilities !06-27-16 09:21 AMLike 4 - On the Emtek alliance:
Investing in the Right Partner to Accelerate and Advance BBM Globally | Inside BlackBerry06-27-16 10:30 AMLike 5 - More on the Emtek deal, FWIW:
Indonesian media giant Emtek acquires Blackberry social messaging app BBM - Mumbrella Asia
Indonesian media giant Emtek has acquired the brand, IP and technology licensing rights of social messaging app Blackberry Messenger, fondly known in the archipelago as BBM.
The deal, worth US$207.5m over six years, sees the owner of three of the country’s biggest free-to-air TV stations join forces with the 11 year-old messaging app, which remains hugely popular in Indonesia, its biggest market globally.
The agreement, which does not include Blackberry’s enterprise business, will see Emtek’s digital content arm KMK Online set up an office in the Toronto area.
BBM has an estimated 200m users globally, and around 60m of them are in Indonesia, where the messaging app is the most popular social platform with a higher of share media time than Facebook, Whatsapp or Line. BBM has become so popular in Indonesia because it offers unlimited messaging at a much lower cost than carrier SMS pricing.
The deal will give BBM users access to Emtek content, and Emtek the opportunity to build an eco-system that combines messaging, social media, content, entertainment and – arguably the biggest prize – e-commerce, a sector that is growing as quickly in Indonesia as anywhere in Southeast Asia.
The news comes just a month after Emtek acquired a stake in Iflix, the internet television company that has just entered Indonesia.
BBM was exclusive to Blackberry devices until 2013, when the struggling Canadian smartphone made the app available on rival platforms Android, iOS and Microsoft.06-27-16 11:23 AMLike 7 - More on the Emtek deal, FWIW:
Indonesian media giant Emtek acquires Blackberry social messaging app BBM - Mumbrella Asia
What can CEO chen do to change this?
Posted via CB10Last edited by world traveler and former ceo; 06-28-16 at 09:30 AM.
06-27-16 11:50 AMLike 0 - Great news for BlackBerry, yet the stock continues to get pounded!... shorts?...WS manipulators? Is CEO Chen and the BlackBerry Brand viewed so skeptically?... so negatively? ... stock is so undervalued yet.... wft?!! Talk about a manipulated stock
What can CEO chen do to change this?
Posted via CB10
Posted via Overheating Z1006-27-16 12:25 PMLike 5 -
- Chalk up 8.65 MM per quarter for the next 6 yrs under the Mobility Services category!
Posted via CB1006-27-16 12:57 PMLike 6
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