[Superfly_FR]

Found some money under the mattress, so will buy if we drop below $9.

Hey, nice to see you back in the game BTW
(it's no game, I know lol)

[morganplus8]

Hi Morgan!

Hope all is well

I remember you claimed their real estate to be worth more than is currently reflected in their books (?) What price range do you believe we're looking at? Thanks!

_dimi_

It's difficult to say what that number would be but they have been in business for over 20 years and when you apply 5% depreciation to hard assets, I would think that they are understating their real assets by as much as $ 600 million. They have some fantastic properties in Waterloo alone.

Looks like BBRY has finally closed that gap down to $ 9.10/shr and the DOW is now close to its 200-dma so we should be finished on the downside for now.

[BThunderW]

No specific targets, scaling into the trade, small adds on drops.

Where do you see in next few days ? looks like 8 to me, market is not gonna get better soon

[Dunt Dunt Dunt]

_dimi_

It's difficult to say what that number would be but they have been in business for over 20 years and when you apply 5% depreciation to hard assets, I would think that they are understating their real assets by as much as $ 600 million. They have some fantastic properties in Waterloo alone.

Looks like BBRY has finally closed that gap down to $ 9.10/shr and the DOW is now close to its 200-dma so we should be finished on the downside for now.

And if BlackBerry were to close their doors... what is in Waterloo? As with BlackBerry themself, something is only worth what someone is willing to pay for it. Doesn't matter what BlackBerry paid for the property, the buildings and improvements or what it might have been worth back in BlackBerry's heyday when property everywhere was worth a lot more. Maybe University of Waterloo's would be willing to buy some of those properties.... of course much would depend on their needs in the future. How much does BlackBerry's existences in the area affect enrollment at that University? Then again there may already be a deal in works for these properties?

As for the downside... that is only going to be finished when BlackBerry starts making a profit.

[DREXcb]

The University of Waterloo has purchased five buildings and land from BlackBerry Ltd. for $41-million.

The deal, which is expected to close Feb. 14, will add an additional 300,000 square feet and more than 1,000 parking spaces to the school?s property holdings.

The University already agreed to buy some buildings
Copied from the globe article

Posted via CB10

[jake simmons3]

This Market is sucking right now lol plus no news from BBRY in awhile

[rarsen]

Heard that Dell expects 15,000 layoffs this week...

Added:
Dell layoffs this week: 15,000 to be hit: report | ZDNet
As part of the company revamp, founder Michael Dell is trying to focus on enterprise-related services including cloud and mobile systems -- but this means that staff in sectors unrelated to the new business focus are at risk.

Posted via CB10

[Corbu]

Feds to decide on car-to-car communications - The Washington Post

[jake simmons3]

looks like we are heading back down to 8 in this market

[sailpgd]

Morgan,

Do you expect HALO to bounce off the $14.80 number as it has so many times in the past or is greater market weakness going to likely drive the SP down further? Thanks!

[morganplus8]

Morgan,

Do you expect HALO to bounce off the $14.80 number as it has so many times in the past or is greater market weakness going to likely drive the SP down further? Thanks!

The DOW is over-sold today with an RSI = 27.7 and just below the 200-dma. HALO is back down to it's 50-dma and ready to bounce again too. I bought back all of my written Calls on HALO today and I'm ready for the next pop up from here. There isn't much wrong with any of these stocks, BBRY dropped back to fill in that gap today and the downside is limited from here. The DOW is down 1,200 pts from the high too. I could see us regain the 200-dma for the DOW tomorrow and end the correction at 7 - 8% here. The volumes tell you this isn't a serious sell-off. Your best bets are going back up first and that includes BBRY and HALO.

[_dimi_]

BlackBerry Ltd (BBRY) news: BlackBerry's Next Phone Code Named 'Jakarta' - Seeking Alpha

Confirmed reports over the past several days have revealed that the first phone device to be rolled out under the new BlackBerry (BBRY) - Foxconn (OTC:FXCOF) relationship, will be named Jakarta and will debut at Mobile World Congress tech fair in Spain on February.

This according to FocusTaiwan, which had an interview with the Chairman of the Hon Hai / Foxconn Technology Group, who said the following:

We are working with them to design a new device, and we will showcase multiple devices at the trade show in Barcelona in February

He did not specifying how many devices or what type of BlackBerry devices will be showcased. What is interesting however is that he used plural. However the word on the street is that Jakarta will be a low end device, and will primarily be sold in Indonesia. This is not a surprise, for as I have said before, Indonesia is a BlackBerry Nation.

But I would not be surprised if Jakarta would also be marketed in South Africa, where research firm World Wide Worx recently reported that BlackBerry's market share in South Africa recently increased from 18% to 23%, while Samsung (OTC:SSNLF) was flat at 19%, with Apple (AAPL) only enjoying a 2% market share. In addition to the fact that South Africa is one of the few nations that have not dumped BlackBerry for Google's (GOOG) Android OS, in South Africa, BlackBerry is by far the coolest brand.

Also interesting (again according to rumors) is that Jakarta will run on BlackBerry's new 10.2 OS, which means that BlackBerry is finally phasing out the old 7.0 OS. And while no one has seen the specifications or the actual device yet, rumor has it that Jakarta is expected to house a full touch display and it will not come with a QWERTY keyboard.

This is also not surprising, since the QWERTY keyboard is primarily loved by enterprise users, but the average consumer prefers a full touch display. As such, I think I will agree with BlackBerry's strategy in this regard.

From the looks of things, it seems that BlackBerry is not abandoning the retail customer as many thought it might. There are still many emerging markets where BlackBerry still has a very respected market share, and I will have to agree with the company that these markets should not be lost without a fight. Especially now that Foxconn will handle inventory and production, with BlackBerry having very little risk.

Another unknown is what the retail price for the Jakarta model will be. While BlackBerry can probably sell this device at a small premium compared to the many Chinese devices sold in these markets, $150 for the Jakarta model is probably the upper limit of what consumers would be willing to pay for a BlackBerry. This is because Chinese device makers keep rolling out cheaper and better devices that are hard to beat. Not only that, but most can be delivered to your doorstep with free international shipping.

As I have said before, BlackBerry is a different company today and will mainly be catering to large corporations, government organizations and the military. However that does not mean that it cannot take another shot at the retail segment, especially in markets that the BlackBerry brand still means something.

I think we will have to wait and see the specifications of this phone, as well as pricing, before we can even begin to guess what chances of success BlackBerry has, and if the Jakarta device can even get to first base.

My guess is that first base will be simple, but in order for BlackBerry to hit a home run, the new management team still needs some coaching. But depending on the specifications, who knows, BlackBerry might even hit a grand slam at the bottom of the night.

[Corbu]

This being a slow (and red) day, I hope SF won't mind some OT stuff, which is not totally foreign to BBRY's business. I'll post the (long) WSJ article since it's being a wall:

SEOUL—An ambitious effort by Samsung Electronics Co. 005930.SE -0.63% to roll out smartphones powered by a new operating system is on shaky ground.

The world's largest smartphone maker is investing a large amount of resources on an operating system called Tizen to challenge the mobile software duopoly of Apple Inc. AAPL 0.00% and Google Inc. GOOG -3.98%

But some of the world's major wireless carriers are beginning to pull their support of phones slated to run the platform.

Tizen (pronounced TAI-zen) also has had trouble attracting large developers of applications that are increasingly at the center of the user experience. That is leaving the fledgling platform in the hands of tiny, relatively unknown players, like Daniel Escobar, a 34-year-old developer in Atlanta.

The South Korean company is supporting Mr. Escobar's Maestro music-sharing service, which has about 30,000 subscribers, with tens of thousands of dollars in cash incentives and technical support to develop an app for Tizen.

The imperative for Samsung to figure out a mobile software and services strategy is critical.

Chinese smartphone makers—including a potentially strengthened Lenovo Group Ltd. 0992.HK -8.21% following its planned acquisition of Google's Motorola Mobility handset unit—threaten to push down handset prices and squeeze hardware margins. That would make software and services the industry's primary profit engine.

"Consumer needs are changing along with the changing times," Samsung co-Chief Executive Boo-Keun Yoon said last month. "I don't feel you can lead the market by focusing solely on software or hardware."

Samsung's best-selling smartphones currently run on Google's Android operating system and come preloaded with Google mail, mapping functions and mobile-ad searches. As a result, it is the Mountain View, Calif., company that is taking a cut of every purchase made on its app store.

If Tizen were to succeed, it would give Samsung its own stream of revenue from sales of third-party apps, software and services on its devices.

The potential is enormous. In its most recent fiscal year, Apple generated $16 billion in sales from software and services, including the iTunes and App stores.

Samsung, which has been developing Tizen with help from Intel Corp. INTC -2.44% and others, is pouring billions of dollars a year into software development more generally and devoting about 60% of its 67,000 research and development engineers to software innovation, with plans to hire another 800 engineers a year.

Samsung's longer-term aim is for Tizen—named to evoke a Zen-like "tying together" of different devices and functions—to serve as a unified operating system that can coordinate functions on every device a consumer owns, including a smartphone, refrigerator, television set and washing machine, all of which the company makes.

Prototype Tizen devices, one of which has been reviewed by The Wall Street Journal, look and feel similar to those running Android, with which it shares a common programming code base. But those involved in the project say the prototypes can't be judged as final products, and Tizen's central appeal is that it allows for more customization of the interface by carriers and manufacturers than are possible with Android.

Yet industry executives and analysts say it has been difficult to get Tizen off the ground.

NTT DoCoMo Inc., 9437.TO -3.49% Japan's biggest telecommunications operator and a close partner on Tizen, had been gearing up to announce its first Tizen smartphone in mid-January, with President Kaoru Kato rehearsing his presentation a month in advance, a person familiar with the matter said.

But on the day DoCoMo was set to release its device, it instead shelved its plans, citing a lack of demand in its home market for an alternative to Android and Apple's iOS operating system.

Two weeks later, Mr. Kato said at a news conference for DoCoMo's quarterly earnings that "Tizen continues to be extremely important." But, he added, "we will watch global market trends to decide on a launch."

DoCoMo's sudden about-face was the latest setback to the much-delayed Tizen project, which has its roots in another homegrown Samsung platform, Bada, that eventually was shut down. Tizen originally was slated for commercial release in 2012.

In the U.S., Sprint Corp. S -5.31% joined the Tizen Association in May 2012, saying it welcomed the broader consumer choice offered by a new operating system. But Sprint left last year and now is focusing its resources "on more immediate product launches," a person familiar with the matter said.

Spain's Telef�nica SA TEF.MC -1.88% also exited the association, which oversees development of the operating system, and last year released the first commercially available mobile phone running on Mozilla's Firefox, another upstart operating system. Telef�nica saw Firefox as a better way to make inroads in the low-end Latin American phone market, a person familiar with the matter said.

France's Orange SA, ORA.FR -2.57% another partner that had planned to release its first commercial Tizen smartphone alongside DoCoMo, said the speed of development at Tizen "is not as mature as we may have expected at this point." The carrier doesn't have a Tizen device in its current smartphone road map, an Orange spokesman said.

Samsung responded that it would evaluate product offerings in Japan and France with the mobile operators. Samsung said the company and its partners would offer a "sneak preview" of the newest Tizen devices this month on the sidelines of Mobile World Congress, an annual exposition in Barcelona for the global mobile industry.

Samsung's difficulty in introducing its own operating system comes amid a series of moves that appear to have improved an increasingly strained relationship with Google. While Google and Samsung continue to talk up the strength of their partnership in public, the two companies increasingly were stepping on each other's toes, pushing Samsung to accelerate its efforts to develop Tizen.

"Samsung can't have a future where Google owns the experience and Samsung becomes the dumb screen company," said Rajeev Chand, managing director at Rutberg & Co., a San Francisco-based investment bank that focuses on the mobile industry.

Samsung and Google last week said they had signed a wide-ranging cross-licensing deal on technology patents that covers the companies' existing patents, as well as those filed over the next 10 years.

Three days later, Google said it would sell its Motorola Mobility unit to Lenovo for $2.9 billion, ridding itself of a direct competitor to Samsung's Android-powered smartphones.

It was unclear whether Samsung's recent rapprochement with Google was driven by its struggles with Tizen.

"With Google we have a close relationship and we will continue to be an important strategic partner and collaborate together," a Samsung spokesman said. Samsung will continue to support multiple operating systems, he said.

Samsung's software pitch to third-party app developers, meanwhile, has been built around two of its biggest assets: its clout and its hefty cash reserve of $50 billion.

To attract interest in Tizen among third-party app developers, Samsung in October held its first developers' conference, at a hotel in San Francisco, where executives stressed Samsung's size and commitment to software. In November, the company held a Tizen developers' conference in Seoul.

Samsung and Intel also are sponsoring a contest that will dole out $4 million in prizes for Tizen app developers, a strategy employed with limited success by Microsoft Corp. MSFT -3.46% and BlackBerry Ltd. BB.T -5.31% —two other big names that struggled to break into the market with alternative operating systems.

But for some of the biggest, most established app makers—the ones most critical to Tizen's success—even cash incentives haven't been enough to stir interest in the fledgling platform.

Several months ago, Samsung offered the developers of one of Android's most popular apps, which has been downloaded more than 50 million times, more than $100,000, in line with similar incentives from Microsoft, to adapt its app for Tizen, according to a top executive at the app developer.

The company, which had collaborated with Samsung closely in the past, turned the Korean company down, concluding that Samsung's previous track record in software made it unlikely that Tizen could gather an audience, the person said.

"Software developers just care about the number of mobile phones on the market," Tizen Association Chairman Roy Sugimura said in an interview.

Mr. Sugimura said Tizen had about 6,000 apps as of December, a far cry from the nearly one million apps on Apple's iOS. "Such an attitude makes it very difficult for Tizen to get approval because right now there are no users."

So far, Samsung has had more success wooing smaller developers, such as Mr. Escobar in Atlanta.

Mr. Escobar said Samsung first approached him in late 2012 with a proposal that he create an app for his Maestro music-streaming service on a new operating system that it was developing. Mr. Escobar, who had already built a Maestro app for iOS and Android, said he was skeptical at first. He hadn't even heard of Tizen.

But Samsung agreed to cover his company's development costs, "and then some," he said. He said he also was impressed by Samsung's size and commitment to making Tizen succeed.

"At least in our case, there's far more to gain than there is to lose," Mr. Escobar said.

"We're not talking about a small company. We're talking about a company with hundreds of millions of phones being sold.…You can't walk away from those eyeballs."

[Mr BBRY]

There are two words that sum up today's SP movement for BBRY: "Buying Opportunity".

I, for one, took advantage of it!

Posted via CB10

[cgk]

BlackBerry Ltd (BBRY) news: BlackBerry's Next Phone Code Named 'Jakarta' - Seeking Alpha

That is a terrible article in terms of fact checking - it presents as rumour things that we already know as fact - we know that the foxconn will run BB10 - how do we know this mysterious fact? Because they explicitly told us in the earnings call.

I thought George was an 'expert' on Blackberry and he doesn't know or forgets an ER that is less than eight weeks old?

[cjcampbell]

That is a terrible article in terms of fact checking - it presents as rumour things that we already know as fact - we know that the foxconn will run BB10 - how do we know this mysterious fact? Because they explicitly told us in the earnings call.

I thought George was an 'expert' on Blackberry and he doesn't know or forgets an ER that is less than eight weeks old?

Lol. My thoughts exactly. It's also not a rumour about it being an all touch device. Chen confirmed that as well.

Posted via CB10

[Corbu]

Hi Morgan,
If you see fit answering (since it is OT), I'd be curious to know what you think of this, concerning HALO, that was just announced:
Halozyme Therapeutics Announces Public Offering Of Common Stock - Yahoo Finance
And thanks again for sharing your insights with all of us! I hope you are feeling better, by the way.

[morganplus8]

Hi Morgan,
If you see fit answering (since it is OT), I'd be curious to know what you think of this, concerning HALO, that was just announced:
Halozyme Therapeutics Announces Public Offering Of Common Stock - Yahoo Finance
And thanks again for sharing your insights with all of us! I hope you are feeling better, by the way.

I think it is great news, I prefer companies to have a ton of cash on hand and they'll have that after it gets over subscribed. The price of those shares will set the floor for the stock and over the next couple of months they will be pumped and dumped at much higher prices. Look at ACAD, they rallied to $ 14.00/shr, the company then issued a block of stock at $ 12.00 and it went to $ 30.00 right after that. In AH, the stock is down on light trades and "even" on larger trades, nothing much to worry about here. The general market is much more interesting as we closed at a new low at the end of the day. BBRY bounced right back to support at the close. Tomorrow should be interesting for the general market and to see what the underwriters do to support HALO. The take-away from a share issue is the bullish fact that investors are willing to shell out $ 115 million for HALO stock!

[Komoto]

See different faces around here on a down day...

Posted via CB10

[sidhuk]

Lol

Posted using Z30. Best of the best Smart phone in the world.

[cjcampbell]

See different faces around here on a down day...

Posted via CB10

I didn't notice any negative content so not sure why it should matter if we see new participants regardless of being a positive day or negative.

[bungaboy]

See different faces around here on a down day...

Posted via CB10

Yes, its always been like that. There was a 4 letter abbreviation for them but I shan't repeat it for fear of ANOTHER warning. LoL

[bungaboy]

Feds to decide on car-to-car communications - The Washington Post

Now won't the NSA et al have a field day with this.

And, heaven forbid, it's an Android system think of all the fun the hackers could have "faking" locations, directions, speed , etc. LoL

What a crazy world!

[sidhuk]

BBM Is Giving Away Movie Tickets for a Year Just for Sharing BBM (US & Canada) http://www.berryreview.com/2014/02/0...bbm-us-canada/
Posted using Z30. Best of the best Smart phone in the world.

[FunktasticLucky]

Maine girl's cellphone catches fire in her pocket - News Nation - Boston.com

"Her mother had given her the Apple iPhone 5C two months earlier."

I just did some digging. An update says that girl sat down with the phone in her back pocket and she heard a pop and then shortly after it caught fire. The fire department thinks she sat on the phone and caused it to short. I hate apple but I hate the spread of misinformation just to discredit a company or product more. Not saying you're needlessly bashing. Just stopping the spread is all.

Antenna gate is legit though. Especially how Apple wouldn't admit there was a problem and blamed it on software calibration. Then handed out free cases to those who already purchased the phone.

Or when they blamed Adobe for a security flaw that allowed hackers to brick your iOS device. Apple holds its reputation in the highest regard. Which is probably why their customer service is supposedly so good. Attack their reputation and see how violently apple reacts. Which is why they pay so many tech sites and you see so much apple bias in the media.

Posted via CB10