[world traveler and former ceo]

I'd like to see BlackBerry buy some of their stock back right now.... send a signal

Posted via CB10

[JonCBK]

Could one of our brilliant specialist explain in simple words GAAP/ Non-GAAP significance ?
I mean they're accounting rules, but at the end of the day, which is relevant for company health measurement ?

I've always felt neither are very useful and that cash flow is the real answer. That is why I've been bullish on BBRY since they continue to have positive cash flow.
But generally I've thought that you deviate from GAAP because you want to show something that GAAP doesn't allow you to and you think that thing is the correct way to present something. So in general I'd follow non-GAAP. However when market analyst consensus is reported I don't know if they always make their estimates toward the GAAP number. So I have no idea how to compare this to the analysts predictions of 9 cents per share of losses.

[DaSchwantz]

I'm not sure why pre-market is down. I would think wall street is paying attention to the quarter over quarter comparison as a first metric of a successful turnaround. When the report is forecasting sequential growth, that should means no more operating losses on increasing revenues. Yes, revenues had a significant QOQ decline, but it's in black and white that revenues will not go below $491MM. Shouldn't the valuation of a growing company increase? This market continues to make no sense to me and I will be a buyer today if we open in the red if I like what Mr. Chen has to say.

Here is the direct comparison for reference:

Q1 Results
Revenue for the first quarter of fiscal 2016 was $658 million. The revenue breakdown for the quarter was approximately 40% for hardware, 38% for services and 21% for software and technology licensing. BlackBerry had 2,600 enterprise customer wins in the quarter. Approximately 45% of the licenses associated with these deals are cross-platform. During the first quarter, the Company recognized hardware revenue on approximately 1.1 million BlackBerry smartphones with an ASP of $240.

Q2 Results
Non-GAAP revenue for the second quarter of fiscal 2016 was $491 million with GAAP revenue of $490 million. GAAP revenue reflects a purchase accounting write down of deferred revenue associated with the acquisition of WatchDox. The revenue breakdown for the quarter was approximately 15% for software and services, 41% for hardware, and 43% for service access fees (SAF). BlackBerry had 2,400 enterprise customer wins in the quarter. Approximately 60% of the licenses associated with these deals are cross-platform. During the second quarter, the Company recognized hardware revenue on over 800,000 BlackBerry smartphones with an ASP of approximately $240.

Often the first move is a head fake.

Posted via CB10

[jeffydude05]

"Second, the company will continue to develop and enhance the BlackBerry 10 operating system and is confirming plans to release platform updates focused on security and privacy enhancements, with version 10.3.3 scheduled to be available in March 2016."


Sounds like maintenance mode....

[JonCBK]

There might be new BB10 devices but there will be no slider simply because it's pretty clear they don't want to pay Qualcomm for new drivers - so if you see a new BB10 device it will be a rehash based on existing chipsets and the like.

That is okay. At some point I'd like to see a new Z10. The classic covers the qwerty keyboard set. But next year there should be a new all touch screen BB10 device. The peek and flow operation just works so well on it.

[snaponsly]

"First, the company will launch a flagship slider device, Priv, which will run on the Android operating system, bringing together the best of BlackBerry security and productivity with the expansive mobile application ecosystem available on the Android platform. In combination with BlackBerry's efforts to support Android for Work on the BES12 platform, the new device will offer best in class security for enterprise customers. BlackBerry expects the device to be available late in the calendar year in major markets in-store and online, and will release further details in the coming weeks. While the new device will provide a choice in OS to new and existing customers, the company remains committed to the BlackBerry 10 operating system, which enables industry-leading security and productivity benefits


Did I read that right??

[Superfly_FR]

I'd like to see BlackBerry buy some of their stock back right now.... send a signal

Posted via CB10

Thay bought $47Millon already

Cash and investments balance of $3.35 billion at the end of the fiscal quarter, an increase of $37 million over Q1 FY16 after using $47 million on share repurchases

If I take $7 as a "magic number" then say they're +/- half way of the 12Mil shares (?)

[jeffydude05]

"First, the company will launch a flagship slider device, Priv, which will run on the Android operating system, bringing together the best of BlackBerry security and productivity with the expansive mobile application ecosystem available on the Android platform. In combination with BlackBerry's efforts to support Android for Work on the BES12 platform, the new device will offer best in class security for enterprise customers. BlackBerry expects the device to be available late in the calendar year in major markets in-store and online, and will release further details in the coming weeks. While the new device will provide a choice in OS to new and existing customers, the company remains committed to the BlackBerry 10 operating system, which enables industry-leading security and productivity benefits


Did I read that right??

Yeah...android on Priv....bb10 on the passport..classic..etc..

[world traveler and former ceo]

Thay bought $47Millon already

If I take $7 as a "magic number" then say they're +/- half way of the 12Mil shares (?)

Yes I know they purchased some already.. but I'd like them to buy much more right now!!

Posted via CB10

[Bilaal]

I know Morgan tell us to not pay attention to PM, but it's stabilizing from almost 8% decline to just under 3.5%

[Superfly_FR]

Given the current dive ... that may be a good opportunity to buy a large block, you're right.
FTR


(edit - added)

[Superfly_FR]

The revenue breakdown for the quarter was approximately 15% for software and services, 41% for hardware, and 43% for service access fees (SAF)

I want that number to raise ...

[DaSchwantz]

Thay bought $47Millon already

If I take $7 as a "magic number" then say they're +/- half way of the 12Mil shares (?)

They should double the total buyback allowance...dont have to use it but would send a signal to shorts.

Posted via CB10

[Bilaal]

I want that number to raise ...

And it will, slowly, but surely.

[bizzarothor]

How do we get in on the call by phoning in? They are asking me for a conference code...

Posted via CB10

[bbjdog]

"First, the company will launch a flagship slider device, Priv, which will run on the Android operating system, bringing together the best of BlackBerry security and productivity with the expansive mobile application ecosystem available on the Android platform. In combination with BlackBerry's efforts to support Android for Work on the BES12 platform, the new device will offer best in class security for enterprise customers. BlackBerry expects the device to be available late in the calendar year in major markets in-store and online, and will release further details in the coming weeks. While the new device will provide a choice in OS to new and existing customers, the company remains committed to the BlackBerry 10 operating system, which enables industry-leading security and productivity benefits


Did I read that right??

That highlighted quote is what I wanted to hear!

[cgk]

That highlighted quote is what I wanted to hear!

He just means you can buy that or get a passport or a classic - he's pretty clear about this "it will run on Android".

Seriously - it's over, give the fantasy up.

[Superfly_FR]

I'll make some snapshots during the E.R of the SP on this particular post (so you'll have to refresh it).
Mind the date/time stamp on captures.

Going Live

After Disclaimers

J.C talks the global figures "two digits growth "

J.C : "I'm not satisfied" re: handsets / slider / Android (and BES12 + QNX bigger growth drivers)
Priv announcement

J.C re: licensing and recurring revenues / releases / Knox / M&A / Good Tech -
"Good / BlackBerry are on non overlapping segments" "limited infrastructure costs"
AtHoc

J.C: "Free cash flow positive and profitable in Q4 and further" "continue double digits" "offset decline in sales"
"Continue M&A strategy" "ADD 15 mil. Shares to the buyback program"

J.C off

Revenue breakdown
operating expenses : almost 50% V.S last year same period !
(will only post at the end)
Just before Q&A

Q&A (post after answer)
Threw the BB10 towel ?


Android V.S BB10 costs+ inventory arrangements

Guidance includes Good Tech ?
Priv distribution / ASP ?
"Working with Google"
Pricing : we do have choices
New BB10 : NO PLAN BY THIS YEAR

EZ Pass "sales NOT motivated by EZ pass, driving very hard by Subscriptions"

Competitors Discounts / subscriptions

AtHoc (?) revenues / OPEX / Focussin on cash flow / stabilize revenue /
"Q3 : up Q4 : up. Key Psy win : SW growth offset decline in Q4"
08:36 - GREEEN 1% !!!! (no more images allowed !)

JP Morgan Strategic taking "still plan A" ?
Acquisitions will help - Yet to see returns on investments re: IoT
08:40 0.28%
BBM/ Automotive
J.C evokes BBM protected starting getting interest
08: 43 -0.43%
Devices margins / BES/ GOOD / Synergies
08:46 0.14%

Movirtu / broader enterprise security market ?
J.C : "targeting different modes of communication : it is all about mobiles"
08:49 0.14%

EMM : pricing is all ?
"EMM is the next monetizable space" "Much broader strategy than just EMM" "where IoT and QNX get in" "pay for the applications within EMM"
08:52 0.71%

AAAANNNNND FINISH GREEN !!!

[Corbu]

How do we get in on the call by phoning in? They are asking me for a conference code...

Am told it is 3790672#

GL

[Christophe Piquemal]

I don't know, but your can follow it here : Investor Events - Canada

[sixaxis_ms]

Blackberry Priv name confirmed, Priv as in Privacy

Posted via CB10

[bizzarothor]

Am told it is 3790672#

GL

Thank you! I am so mad they make it so hard for investors to follow the call form their balckberrys. Their website is unclear as to the way to dial in.

Posted via CB10

[cgk]

I did'nt need a code - I'm listening to

Investor Events - Canada


There was no IP licensing activity at all this quarter according to Chen.

[cgk]

Says that good and BES are complementary rather than overlapping but there are cost-saving from eliminating back office.

[W Hoa]

Almost 7000 enterprise customer wins in the last 3 quarters