View Poll Results: Did you buy shares ?

Voters
1129. You may not vote on this poll
  • Yes, I'm acting now !

    702 62.18%
  • No

    427 37.82%
  1. morganplus8's Avatar

    The thing that concerns me there however is that everyone has always gone on about how dangerous options are, and no one ever makes money. I've read a lot about it, *think* I understand them, and frankly they don't seem that complicated. Perhaps the certain instances of people going into situations with potentially unlimited loss and getting screwed sit heavier than the alternatives, but from my end it seems like a pretty safe play.

    You also mentioned before about different ways of accounting for options into your average cost basis, and that everyone who trades options gets audited - this too concerns me and was wondering if you could elaborate a bit on both the tax and auditing consequences.
    Hi Seadog83,

    Sorry for the delay, I haven't been able to keep up with this thread the past few days. To your point, buying Put/Call options is extremely risky simply because over 90% of option buyers lose their funds. That should tell you that buying puts/calls has to be done in a very disciplined way. Using technical analysis as well many other means to determine whether a stock price is extended, or bear market cheap, helps. Take BB for instance, at today's price, the valuation looks very compeling indeed. The TA on the stock is currently Bullish and the period of time that we are entering into is often bullish too. With all of this information in hand, you can now make a move. Selling naked puts is a great first move if your account allows this. I use this strategy all the time and it saves me a fortune regarding impulsive moves. In fact I buy BlackBerry all the time using the naked put writing strategy.

    You can also just buy calls and despite that risk, you can do very well by giving yourself an extraordinary amount of time premium to make sure you make it past a bear market and are still in the trade long enough to benefit from the leverage of the ensuing rally. And we all know that options give you leverage so the fact that you control someone else's block of stock for a period in time is great news. Don't be afraid to consider the high risk ownership of options when the trade is screaming a move in the right direction. Most traders want to be in the trade "all the time" so they dismiss most of the caveates that I have mentioned above.

    To summarize, you are right, owning puts/calls are extremely risky, so you need to be on your game there.

    Now writing puts/calls is a whole different matter. I do this all the time knowing that 94% of buyers lose their money. I want to be that person that receives those funds so when I think a stock is at its premium price level, as it was earlier this year at $ 14.50/shr/US, I sell covered calls like I'm in a race to the finish. I write calls on all of my position simply becasue I'm all or nothing in these trades. That's me. At the beginning of this year, I sold calls against everything, sold some stock too, then I went short the actual stock for another big block. I was all in so to speak. It paid off for me and the final trade was to get back into BB by writing naked puts. Selling puts and calls will generate money 90% of the time. You need to understand the direction/value of the stock and know where the market is and is going too. With all of this information, you will continue to make money in BB and actually grow to love this trade while doing so. Today BB is a price/valuation gift and most will sit on their hands and watch it reverse and go higher.

    You mentioned margin too, I rarely use margin because I don't have to now. In the day, I felt I had to use it to gain leverage in a trade and it paid off for me. I have a great deal of experience and would never use more than say 30% of my net worth even in those days while trying to rapidly build my net worth. Some food for thought, a covered call option writing program can yield you 40% per year for many years. That's a superior return to all of the largest Fund managers in the world. Warren B has nothing on you when it comes to making money.

    Best of luck and let us know what you decide.
    12-18-18 11:25 AM
  2. morganplus8's Avatar

    You also mentioned before about different ways of accounting for options into your average cost basis, and that everyone who trades options gets audited - this too concerns me and was wondering if you could elaborate a bit on both the tax and auditing consequences.
    I get audited all the time because I have not only been in the trade as an options/commodities specialist, I continue to trade in a very big way now. The main thing with trading is to report consistently, if you claim option premiums as a deduction against the physical ownership of the underlying stock, do this consistently. If you claim option premiums as a capital gain make sure to do this the same way. For instance, if I hold 100,000 shares of BB, I can sell calls against that postion and if those calls expire worthless, I have the option to claim the profits so to speak as a call option capital gain or a reduction in the adjusted cost base of the underlying stock that I own. At some point, the ACB of my holdings might approach zero! So there is a discipline here where you do the same thing all the time and the CRA will allow it. You have to know that Revenue Canada in my case, has no rules for how these things are done. You need to get them onside with your way of thinking and then follow up on it. The moment you mess this rule up they'll flag you forever and that's a long time. Even after you are dead, they'll be there to scan that trading process.

    I don't believe others get audited like me and I can safely say this as I do handle several other accounts for some close friends of mine. Not one other person has been subject to my scutiny. I was hired by an accounting firm for one year while I making my transition to engineering, and my job was to deal with complex investment transactions made by their clients. I did nothing else, just figured out a way to handle some crazy trading programs from others. At no time did I ever come across anyone in that group that were audited like me!

    Don't worry about the consequences of my personal experiences with the CRA. They look at me because I'm flagged for reporting unique strategies and nothing else. Hope that helps.
    12-18-18 11:49 AM
  3. morganplus8's Avatar
    Morgan mate, I would really appreciate your insight into SPHS !! Not my field at all mate!!!
    Hi bbjdog!

    I will comment on SPHS even though I haven't listened to the companies' webcast yet. The news on the second dose is not great on the surface but if you take into consideration the fact that there were no ill side-effects it is still very important data. The whole point of the Ph2B study was to establish dosage and tolerance. I think they got what they wanted out of that study and from what I have read, they will deal with a single dose now which costs less and focuses on getting the drug out there. Perhaps they might look at fast tracking this drug and/or applying for orphan status. For these reasons I'll listen to the webcast before I declare this a bust. It might be a blessing in disguise to apply a second dose as another avenue for them down the road and uncomplicate the final study going forward. Please let me listen to that webcast before I give you my insight.

    As for the stock, I'm holding my breath here as I have wanted to buy a huge amount of this while it is under pressure and todays trading fits that bill! My wife owns a pile of it and she doesn't care about short term trading games so I'm not in the spare bedrooom just yet. I'll get back to you on this.
    12-18-18 12:06 PM
  4. morganplus8's Avatar
    At least BlackBerry is mentioned on the list and yes, I am part of those who made a Xmas gift from me to me called KEY2:

    The 10 Best Smartphones for Last-Minute Gifts
    https://www.nasdaq.com/article/the-1...ifts-cm1070639
    "A BlackBerry (NYSE: BB ) on a best-of smartphone list in 2018? This isn't a time warp and technically, the $649 KEY2 isn't really a BlackBerry. It's a licensed product made by China's TCL However, if you're shopping for someone who's hanging onto an old BlackBerry device, desperately trying to avoid being forced to type with a virtual keyboard, the BlackBerry KEY2 is the best option for a modern upgrade. Unlike BlackBerries of old, it runs Android with access to all those Android Apps. In addition, it rocks a 4.5-inch high resolution touchscreen display, two-day battery life and it has a dual-camera system with optical zoom. But most importantly of all, the KEY2 has a physical keyboard."
    Congratulations on that! You will have to give us your opinion of the phone when you log some hours on it. I purchased the Keyone Black Edition as a backup plan if the Key 2 wasn't worth its improvements. Turns out I'm no good at waitng for a Black Friday deal and opened the box. I love this phone so much that I'll put off buying the Key2 for a few months. The best part of the Keyone is the way it handles dual SIMs. I use two phones with 4 SIMs now because I boat into the US all the time. I hand a phone off to someone if they take my boat or Seadoo out onto the lake for the day. No one gets into trouble on the water while on my shift. The Key2 phone has great reviews so I would like to know what I'm missing with the Key2. I realize that's not a fair question for you given that you might not know that much about the original phone. It would be nice to hear about your experience just the same.
    12-18-18 12:18 PM
  5. Corbu's Avatar
    Good to hear from you, Morgan. Thanks for taking the time.

    Best,
    12-18-18 12:18 PM
  6. rarsen's Avatar
    Thks Morgan, only purchased the black KEY2 recently and have had limited time to get to know it with the year end work load. So will get to test things in early January, as I wanted to pass this business expense in 2018 -- never know what goodies may show up in 2019. Thoroughly enjoyed the BB Z-10 (now used by the wife), the BB Z-30 and the original black BB Passport, and slowly transitioning to BB Android. Yes I did a lot of comparison shopping and for my needs the KEY2 will be my choice for now. Not saying that I was not briefly interested in some other brands and models, but business and security where my top priorities. And the Passport (with Blend) permanently hooked up to the home-office Wi-Fi, with the option of moving the SIM card in between KEY2 to Passport for any specific needs. An excellent opportunity for me to compare and continue to learn (as if I didn't already have several hobbies) the various options of both, when I am able to find some time availability. So yes I can report back on my usage, but it may have to wait several weeks. I include a comparison video between KEYone and KEY2, but I took the option of paying a little more just in case later I have buyer's remorse that I should of paid the extra bucks. The dual SIM's are not available on my KEY2, but I have started following what is being said about Wi-Fi calling (eventual use for travelling overseas), Voice over LTE, LTE video calling, etc. So if you enjoy your KEYone so much you may want to wait a little longer to upgrade, to when possibly 5G becomes also available. Changes in technologies never stops and I'm having fun

    Blackberry KeyOne vs Blackberry Key 2: 5 Quick Reasons to Upgrade!
    https://www.youtube.com/watch?time_c...&v=17OusK9voIQ

    Blackberry KEY2 Review: The Best PHONE of 2018!
    Last edited by rarsen; 12-18-18 at 05:30 PM. Reason: Added second article
    12-18-18 03:47 PM
  7. bbjdog's Avatar
    Morgan mate thanks for everything you contribute to this thread, but your wife is the investor I want to fallow!. I'm sure her portfolio is in better shape. Lol. I truly hope your health is great mate!!!!!!! Prayers mate and Merry Christmas to you and the family!!!!!

    Let's go Mrs Morgan!!!!!!!!!!!!
    Corbu, Greened, JLagoon and 1 others like this.
    12-18-18 05:25 PM
  8. BanffMoose's Avatar
    <SNIP> so I'm not in the spare bedrooom just yet. I'll get back to you on this.
    Good that the potential is just the spare bedroom and not an apartment. LOL
    Corbu, Greened, rarsen and 1 others like this.
    12-18-18 05:28 PM
  9. Corbu's Avatar
    Short audio:
    https://www.marketplace.org/2018/12/...t-analysts-say
    Blackberry users don't care what analysts say

    rarsen, morganplus8 and Greened like this.
    12-19-18 07:26 AM
  10. Dunt Dunt Dunt's Avatar
    Short audio:
    https://www.marketplace.org/2018/12/...t-analysts-say
    Blackberry users don't care what analysts say
    Are smartphone users even quantifiable to BlackBerry Limited new business model?
    drobbie likes this.
    12-19-18 08:09 AM
  11. bbjdog's Avatar
    Reading material from my TD alerts

    UPDATE 1-Facebook says companies got access to data only after user permission2018-12-19 10:09:47 AM ET (Reuters)

    (Adds response from Netflix)

    Dec 19 (Reuters) - Facebook Inc said it did not give companies access to personal data of users without their permission, after the New York Times reported on Tuesday that the social network allowed some tech giants far greater access to data than it had disclosed.

    The paper reported that Facebook allowed Microsoft's Bing search engine to see the names of virtually all Facebook users' friends without their consent, citing internal records that describe data-sharing deals that benefited more than 150 companies.

    "None of these partnerships or features gave companies access to information without people's permission, nor did they violate our 2012 settlement with the FTC," Konstantinos Papamiltiadis, Facebook's director of developer platforms and programs, said in a blog post https://newsroom.fb.com/news/2018/12/facebooks-partners.

    Facebook settled with the U.S. Federal Trade Commission in 2012 over charges that the company was deceiving consumers and forcing them to share more personal information than they had intended.

    The NYT report also said Facebook gave companies like Netflix and Spotify the ability to read users' private messages and permitted Amazon to obtain users' names and contact information through their friends.

    "At no time did we access people's private messages on Facebook or ask for the ability to do so," a Netflix spokesperson said in response to the story.

    Netflix had launched a feature in 2014 that enabled members to recommend TV shows and movies to their Facebook friends via Messenger or Netflix. The spokesperson said Netflix shut the feature in 2015 as it was not popular.

    Facebook said the access to these companies, known as integration partners, was aimed at helping users access their Facebook accounts or specific features on devices and platforms built by other companies like Apple, Amazon, Blackberry and Yahoo.

    The feature could also help users see recommendations from their Facebook friends on other popular apps and websites like Netflix and Spotify.

    Facebook said the users needed to sign in with their Facebook account to use these features offered by the likes of Apple and Amazon.

    The social network said it shut down nearly all of these partnerships over the past several months, except those with Apple and Amazon, which people continue to find useful and which are covered by active contracts.

    Earlier this month, a British lawmaker released documents that revealed Facebook offered some companies, including Netflix and Airbnb, access to data about users' friends it did not make available to most other apps in 2015. (Reporting by Philip George in Bengaluru and Gwenaelle Barzic in Paris; Editing by Gopakumar Warrier and Saumyadeb Chakrabarty)
    rarsen, morganplus8, Corbu and 1 others like this.
    12-19-18 10:36 AM
  12. morganplus8's Avatar
    Morgan mate thanks for everything you contribute to this thread, but your wife is the investor I want to fallow!. I'm sure her portfolio is in better shape. Lol. I truly hope your health is great mate!!!!!!! Prayers mate and Merry Christmas to you and the family!!!!!

    Let's go Mrs Morgan!!!!!!!!!!!!
    Come on!!!!!! The only "investment" my wife makes is in the gas tank of her car! She tries to work the prices for the best deal. So if you like her portfolio of energy investments so be it.

    I'm blessed that she doesn't look at her holdings each day, I would be in so much trouble! Okay, follow her if you dare!
    12-19-18 11:49 AM
  13. morganplus8's Avatar
    Thks Morgan, only purchased the black KEY2 recently and have had limited time to get to know it with the year end work load. So will get to test things in early January, as I wanted to pass this business expense in 2018 -- never know what goodies may show up in 2019. Thoroughly enjoyed the BB Z-10 (now used by the wife), the BB Z-30 and the original black BB Passport, and slowly transitioning to BB Android. Yes I did a lot of comparison shopping and for my needs the KEY2 will be my choice for now. Not saying that I was not briefly interested in some other brands and models, but business and security where my top priorities. And the Passport (with Blend) permanently hooked up to the home-office Wi-Fi, with the option of moving the SIM card in between KEY2 to Passport for any specific needs. An excellent opportunity for me to compare and continue to learn (as if I didn't already have several hobbies) the various options of both, when I am able to find some time availability. So yes I can report back on my usage, but it may have to wait several weeks. I include a comparison video between KEYone and KEY2, but I took the option of paying a little more just in case later I have buyer's remorse that I should of paid the extra bucks. The dual SIM's are not available on my KEY2, but I have started following what is being said about Wi-Fi calling (eventual use for travelling overseas), Voice over LTE, LTE video calling, etc. So if you enjoy your KEYone so much you may want to wait a little longer to upgrade, to when possibly 5G becomes also available. Changes in technologies never stops and I'm having fun
    I will be watching for your review! I listened to the video again and I think I would like to hold a Key2 next to Key1 just to see how the new keyboard feels. To tell the truth, the pluses of the Key series of phones far outway the minuses so much that I continue to rave about them. Over the holidays I'll get to know more about my Black Edition. As for WiFi use, I'm using Voip.ms on all 4 SIM cards so calling/messaging is so cheap there. If only I could get my wife to understand Voip better, we would save a bundle. Have a great holiday if I don't hear from you soon!
    Corbu and rarsen like this.
    12-19-18 11:57 AM
  14. Corbu's Avatar
    12-19-18 12:35 PM
  15. morganplus8's Avatar
    It did it, fighting thru my ADD, I was able to listen to the entire SPHS audio webcast!!! It took 4 tries but I think I got all the information I need now. I came away with mixed feelings. The current price of the stock is giving me pain right now even thought its a great op to get into a very promising investment at an amazing price. The fact that is is sub $ 1.00 ticks me off.

    The pros - the drug still looks great, they are extremely positive about it and it might have been investors that expected too much from that 2B study. All of the data on that study will be presented in the Spring. They are working towards a Ph3 exit study now, it should be materially defined early next year.

    I also came away thinking they will try to up the dosage for that study, and to try to target the tumour more closely.

    The data for the 10 patients on the second dosing was abrupt meaning that it either made a significant change in the size of the tumour or it was dismissed entirely. At the same time, they feel they can improve single dosing with slightly more drug.

    You have to read between the lines for most of the comments to get the feelings of the scientific staff. It is clear that they believe their Ph3 will yield better results. Their added excitement is the fact that all dosage levels were well tolerated.

    Finally the negative - the price of the stock of course! I get that funds might NOT want to show this investment in their portfolio (unlike my wife here) so they dump it now. I get that. But this data; no matter how well they would/could have presented it, moved us no closer to the end-game of taking it to market, as a Ph3 was always going to happen.

    Having said that, I would like to see them get orphan status for this drug today. It should be fast tracked and they should get 7-years of non-competition. So now I have to admit that we are going to have to treat this as a longer term investment. I'll buy it knowing I need to hold it like my wife plans on doing.

    Listen to the audio from the 20 min. mark onward and you'll see how promising things are and where they are heading now. I think we have to keep in mine that they always wanted to do a PH3 on this one which concludes with more time waiting for results from that. Its the investors that got it wrong, not SPHS management. These are MY own thoughts of course.

    To compare to EYPT, we wanted SPHS to be at the same place as EYPT today, going to market of course. Imagine a company taking its product to market with a 30M share float? After all, EYPT is taking its drug to market with a 94M float so that would have been shocking for us to get there at 30M. Now, SPHS will be taking its drug to market at a 60M share float, twice their current level in the end, but less than EYPT. So what can we take from that? Follow EYPT as your example as to what can likely happen to SPHS going forward. Lets see how high the stock goes in the coming year with a 94M share float up against rapidly raising revs. Then dream about something great happening to SPHS if it gets orphan status. As we all assume, the FDA would like to stop cancer if at all possible, right? Well it is 27% possible right now!

    That's it!!
    12-19-18 12:43 PM
  16. bbjdog's Avatar
    Come on!!!!!! The only "investment" my wife makes is in the gas tank of her car! She tries to work the prices for the best deal. So if you like her portfolio of energy investments so be it.

    I'm blessed that she doesn't look at her holdings each day, I would be in so much trouble! Okay, follow her if you dare!
    After Mrs Morgan conversation with me, I understand what I did wrong. Sorry Morgan for hurting your feelings! I will never do it again. You are way better then she is,! Your portfolio is in better shape then Mrs Morgan. I will never make that that mistake again. SORRY!!!

    Corbu and morganplus8 like this.
    12-19-18 05:18 PM
  17. W Hoa's Avatar
    beats on revs 228 vs street 212 million
    earnings .05 vs street .02

    non-gaap revs 228 million and GAAP revs 226 million

    we have a winner
    andyk350, Corbu, smithm565 and 8 others like this.
    12-20-18 06:05 AM
  18. W Hoa's Avatar
    88 per cent recurring revenue
    12-20-18 06:06 AM
  19. Corbu's Avatar
    https://www.prnewswire.com/news-rele...300769317.html
    BlackBerry Reports Fiscal Year 2019 Third Quarter Results

    - Non-GAAP total company revenue of $228 million; GAAP total company revenue of $226 million

    - Record high non-GAAP total software and services revenue of $219 million; GAAP total software and services revenue of $217 million

    - Continued strong double-digit revenue growth year-over-year for BlackBerry Technology Solutions, driven by the automotive vertical

    - Non-GAAP earnings per basic and diluted share of $0.05; GAAP earnings per basic share of $0.11and GAAP loss per diluted share of $0.01

    - Free cash flow of $39 million, before considering the impact of restructuring and legal proceedings; free cash flow of $57 million, as reported

    WATERLOO, Ontario, Dec. 20, 2018 /PRNewswire/ -- BlackBerry Limited (NYSE: BB;TSX: BB) today reported financial results for the three months ended November 30, 2018 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

    Third Quarter Fiscal 2019 Results

    • Total company non-GAAP revenue for the third quarter of fiscal 2019 was $228 million with GAAP revenue of $226 million. Total non-GAAP software and services revenue of $219 million, up 10% year-over-year. Total GAAP software and services revenue was $217 million, up 14% year-over-year. Approximately 88% of third quarter software and services revenue (excluding IP licensing and professional services) was recurring after including perpetual licenses that are now recognized ratably. Non-GAAP gross margin was 76% and GAAP gross margin was 75%.
    • Non-GAAP operating income was $27 million, and positive for the eleventh consecutive quarter. GAAP operating income was $58 million. Non-GAAP earnings per share was $0.05(basic and diluted). GAAP net income for the quarter was $0.11 per basic share and a GAAP net loss of $0.01 per diluted share. GAAP net income includes $20 million for acquired intangibles amortization expense, $15 million in stock compensation expense, $1 million in restructuring charges, a benefit of $69 million related to the fair value adjustment on the debentures, and other amounts as summarized in a table below.
    • Total cash, cash equivalents, short-term and long-term investments was $2.4 billion as of November 30, 2018. Free cash flow, before considering the impact of restructuring and legal proceedings, was positive $39 million. Cash generated from operations was $62 million and capital expenditures were $5 million. Excluding $605 million in the face value of the company's debt, the net cash balance at the end of the quarter was $1.8 billion.

    "We delivered another solid quarter of performance, resulting in year-over-year double-digit percentage growth for total software and services revenue, earnings per share, and free cash flow" said John Chen, Executive Chairman and CEO, BlackBerry. "I'm excited about the pending Cylance acquisition as it will extend our strategy with cutting-edge AI cybersecurity capabilities and, combined with BlackBerry's capabilities, present the opportunity for revenue acceleration in our businesses, including UEM, QNX and Spark."

    Outlook

    BlackBerry re-affirms its outlook for fiscal 2019 with software and services billings and revenue growth, profitability and positive cash flow, as follows:


    • Total company software and services billings growth is expected to be double-digits
    • Total software and services revenue growth of between 8% to 10% year-over-year
    • Non-GAAP earnings per share is expected to be positive
    • Free cash flow is expected to be positive for the full year
    12-20-18 06:13 AM
  20. Corbu's Avatar
    FeitaInc, masterful, W Hoa and 6 others like this.
    12-20-18 07:57 AM
  21. EchoTango's Avatar
    As I expected, another lukewarm quarter.

    The $226M revenue is material as it puts them on track to break $1B in revenue, which is great for BB but a small victory in scale with their corporate peers. Chen seems to want to play the turtle and not the hare with a consistent stream of steady but unspectacular results, which means I might be dead before the stock recovers to a portion of its former valuation.

    Still, we could be going the other way.
    elfabio80 and techvisor like this.
    12-20-18 09:17 AM
  22. morganplus8's Avatar
    Wow, Chen /BB delivered on this Q, simply great numbers. If most of the market wasn't in bear market territory we would be much higher today. For as long as we have been coming to this thread none of us have had to witness or deal with a bear market. I do think this one will end once the books are closed on 2018 though.

    Back to the numbers, if you extrapolate the earnings from this Q and generate a go forward 4 Q scenario, then EPS is projected to look very good for next year. We'll easily clear that $ 1B revs mark with consecutive, positive Revs , CF & Net Earnings. Great little company now and Chen kept his word.

    Hard to believe we are bouncing from such a low level but we are staring at a weak general market today, a hint of a recession and possibly harder times for the stock market ahead.
    12-20-18 09:52 AM
  23. Corbu's Avatar
    G&F:
    https://www.theglobeandmail.com/busi...solid-results/

    With handsets out of the picture, BlackBerry sees solid results

    BlackBerry Ltd. has hit an inevitable milestone in its transformation to a secure enterprise data-transmission company: it recorded negligible handset revenue in its last quarter.

    The smartphone pioneer, knocked from its historic perch over the past decade as Apple Inc.’s iPhones and Alphabet Inc.’s Android OS-powered devices took over the market, has spent the past five years under chief executive officer John Chen undergoing a company-wide strategic shift. BlackBerry now focuses on security for the “enterprise of things,” using its reputation as a secure smartphone leader to focus on securing data transmission across the ever-expanding number of connected devices in large organizations and in vehicles.

    While BlackBerry recorded US$62-million in quarterly handheld-device revenue two years ago, and US$9-million last year, handsets did not factor into BlackBerry’s reported revenue for the quarter ended last Nov. 30.

    The company’s total revenue was flat at US$226-million, held up by growth in its “technology solutions” segment, which includes its connected-car QNX software, and through licensing and intellectual property (IP). But even while BlackBerry’s handset legacy lives on by licensing the brand to other manufacturers – such as TCL Corp.’s BlackBerry KEY2 – the licensing revenue is buoyed by BlackBerry’s broader IP licensing. Mr. Chen told an analyst conference call Thursday morning that a recent legal settlement with Nokia Corp. contributed to the IP revenue boost this quarter.

    Investors now tend to key into BlackBerry’s enterprise software-and-services income for signs of success in its Mr.-Chen-led turnaround. The last few quarters have delivered mixed results, in part because of a shift to a new standard for sales reporting and accounting practices – called ASC 606, which accounts for certain enterprise licensing revenue over the life of contracts, rather than recognizing it up front. The shift shocked investors two quarters ago as enterprise revenue fell by nearly a fifth from the year prior; as it stabilized last quarter, investors sent the stock up nearly 12 per cent.

    Enterprise software-and-services revenue fell 1 per cent to US$96-million in the most recent quarter, the company’s third of fiscal 2019. “If we were to account for the third quarter of last year under ASC 606 in the same way this fiscal year, on that basis, enterprise software and services revenue would have experienced approximately 6 per cent growth year over year this quarter,” said chief financial officer Steven Capelli on the analyst call. Analyst Tim Long of Bank of Montreal Capital Markets said this week that he expects the accounting change to smooth out revenue over time, but still warned of bumpy near-term quarters.

    The share price rose more than 5 per cent to US$7.74 just after markets opened on the New York Stock Exchange, with results above analyst expectations. This includes total non-generally-accepted-accounting-principles revenue of US$228-million, which beat the analyst consensus estimate of US$214-million.

    The company posted a profit of US$59-million, which translated to a profit of US$0.11 per basic share and a loss of US$0.01 per diluted share. That’s compared to a total loss of US$275-million a year earlier, which was in large part due to a one-time payment to Nokia as part of the companies’ dispute.

    The company made its biggest acquisition ever in November as it bought the California artificial-intelligence firm Cylance Inc. for US$1.4-billion. Cylance claims it can determine cybersecurity threats an average of 25 months before they become public knowledge; it will operate as an independent business unit within BlackBerry. “These cybersecurity capabilities will fit nicely with everything we do,” Mr. Chen said on the conference call Thursday, noting that its use cases within BlackBerry will be revealed at an analyst meeting in April.
    12-20-18 09:53 AM
  24. Corbu's Avatar
    https://www.zdnet.com/article/blackb...ract-momentum/

    BlackBerry Q3 gets boost from government contract momentum

    BlackBerry's Q3 highlights how the company's shift to the Internet of things and enterprise software is paying off

    Larry Dignan
    12-20-18 09:54 AM
  25. morganplus8's Avatar
    Let's take that $ 58M in profit and buy back some shares BlackBerry!!! Great numbers coming off last Q. Chen must have known that when he spent all of our money. Now if we can get Trump to keep the Gov. open, build a 3 foot high wall for only $ 1B and take a holiday away from his 2009 iPhone, we would be much better off. Please Trump shut-up!
    Hazo, Corbu, W Hoa and 7 others like this.
    12-20-18 10:30 AM
113,256 ... 42974298429943004301 ...

Similar Threads

  1. The importance of a removable battery.
    By krzyabn in forum BlackBerry KEY2
    Replies: 45
    Last Post: 04-15-19, 10:12 PM
  2. Motion support - Vibration no longer working and I need advice!
    By bunnyraider in forum BlackBerry Motion
    Replies: 1
    Last Post: 04-12-19, 09:42 PM
  3. Will BlackBerry Launcher ever give us the option to swipe up?
    By ikeike859 in forum BlackBerry Android OS
    Replies: 8
    Last Post: 04-12-19, 06:27 PM
  4. In MIXplorer, what is the "archive?"
    By RLeeSimon in forum Android Apps
    Replies: 3
    Last Post: 04-12-19, 05:00 PM
  5. Skype Preview brings screen sharing to Android and iOS
    By CrackBerry News in forum CrackBerry.com News Discussion & Contests
    Replies: 0
    Last Post: 04-12-19, 01:51 PM

Tags for this Thread

LINK TO POST COPIED TO CLIPBOARD