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09-20-13 03:29 PM
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  1. robsteve's Avatar
    Just noticed that BlackBerry's stock is halted.
    09-20-13 03:04 PM
  2. randall2580's Avatar
    Just noticed that BlackBerry's stock is halted.
    Just saw on Bloomberg TV confirmation stock is halted pending news
    09-20-13 03:05 PM
  3. SK122387's Avatar
    What does this mean?
    09-20-13 03:06 PM
  4. Knightcrawler's Avatar
    Interesting...any ideas why? It wouldn't be a financial update with the ER next week, and we a;ready know about bbm and the Z30.

    Could there be a development in the "strategic analysis"?
    09-20-13 03:07 PM
  5. wafguy's Avatar
    Interesting...any ideas why? It wouldn't be a financial update with the ER next week, and we a;ready know about bbm and the Z30.

    Could there be a development in the "strategic analysis"?
    Or an announcement of a writedown...
    richardat likes this.
    09-20-13 03:09 PM
  6. tickerguy's Avatar
    It's OpEx today folks -- this is a very NASTY time to release news that moves the stock as anyone on the wrong side of an options position has exactly nothing they can do about it.

    If you really wanted to burn short-sellers this would be the time to release something that is GOOD news -- on purpose -- to bury them.

    I have no idea what it is; releasing BAD news today will also have a severely-exaggerated move for the same reason, but the company has little reason to do that at a time like this for obvious reasons.

    We'll see what it is when it comes out.....

    (What would make it even worse -- a LOT worse -- would be if they kept it halted through the end of the day! That could easily wind up with people getting assigned on options without anything they can do about it, depending on exactly how it's handled.)
    rocmon likes this.
    09-20-13 03:09 PM
  7. blackberry-pimp's Avatar
    Here's the tweet from CNBC....was just about to post about this!

    https://twitter.com/CNBC/status/381131063638372352
    09-20-13 03:10 PM
  8. phinsphan's Avatar
    Or an announcement of a writedown...
    I don't think it makes sense to announce a balance sheet issue when the conference call is a week away.
    09-20-13 03:13 PM
  9. gophia's Avatar
    Please let it be good news
    rocmon and Alphax45 like this.
    09-20-13 03:14 PM
  10. dtarin's Avatar
    Didn't the stock already get halted once before in the recent past for news that really turned out to be non news? Anyway, I really wouldn't jump to any conclusions right now.

    Posted via CB10
    09-20-13 03:14 PM
  11. OldSkoolVWLover's Avatar
    Also

    09-20-13 03:15 PM
  12. koolrosh's Avatar
    Oh man. Now I'm scared...

    Play Starcraft? Join our Channel: C001242DE
    Alphax45 likes this.
    09-20-13 03:15 PM
  13. trinipoco's Avatar
    Who cares, we got BBM on playbook.

    Posted via CB10
    rocmon and Alphax45 like this.
    09-20-13 03:16 PM
  14. vgorous's Avatar
    Oh snap

    Posted via CB10
    09-20-13 03:18 PM
  15. johnenglish's Avatar
    Preliminary Q2 Results

    -- Company expects GAAP net operating loss of approximately $950 million to
    $995 million; loss includes a primarily non-cash, pre-tax inventory
    charge of approximately $930 million to $960 million resulting from the
    increasingly competitive business environment impacting BlackBerry
    smartphone volumes, and a pre-tax restructuring charge of $72 million

    -- Company expects to report revenue for the second quarter of
    approximately $1.6 billion; recognizes sales of approximately 3.7
    million smartphones in the second quarter

    -- Company to refocus on enterprise and prosumer market, offering end-to-
    end solutions, including hardware, software and services

    -- Future smartphone portfolio will transition from 6 devices to 4;
    focusing on enterprise and prosumer-centric devices, including 2 high-
    end devices and 2 entry-level devices

    -- Company announces restructuring plans, including reduction of
    approximately 4,500 employees; targets reduction of its operating
    expenditures by approximately 50% by end of Q1 Fiscal 2015

    -- Company sees increasing penetration of BlackBerry Enterprise Service 10
    (BES 10) with more than 25,000 commercial and test servers installed to
    date, up from 19,000 in July 2013

    -- Special Committee of the Board continues to evaluate strategic
    alternatives
    VJMotz, h20work, richardat and 2 others like this.
    09-20-13 03:18 PM
  16. stabstabdie's Avatar
    wait, you can buy stock in blackberry?
    lol jk
    just breaking the tension.
    09-20-13 03:18 PM
  17. Cobrajett's Avatar
    Hopefully, it will be news that will stop all of the postulation and assumption. What a busy few days, tech wise!!
    09-20-13 03:19 PM
  18. mikeo007's Avatar
    Ouch...this place is about to explode with that news. See y'all in a couple days when things maybe calm down.
    09-20-13 03:20 PM
  19. randall2580's Avatar
    Bloomberg says preannouncement on earnings and job cuts
    09-20-13 03:20 PM
  20. blackberrymight's Avatar
    What is the deal? When will we find out what is going on ?
    09-20-13 03:21 PM
  21. koolrosh's Avatar
    Ouch!


    Play Starcraft? Join our Channel: C001242DE
    09-20-13 03:21 PM
  22. tlegend2012's Avatar
    Sale in the works?
    09-20-13 03:21 PM
  23. ankush77's Avatar
    have to wait and watch what it indicates
    09-20-13 03:21 PM
  24. Thunderbuck's Avatar
    Preliminary Q2 Results

    -- Company expects GAAP net operating loss of approximately $950 million to
    $995 million; loss includes a primarily non-cash, pre-tax inventory
    charge of approximately $930 million to $960 million resulting from the
    increasingly competitive business environment impacting BlackBerry
    smartphone volumes, and a pre-tax restructuring charge of $72 million

    -- Company expects to report revenue for the second quarter of
    approximately $1.6 billion; recognizes sales of approximately 3.7
    million smartphones in the second quarter

    -- Company to refocus on enterprise and prosumer market, offering end-to-
    end solutions, including hardware, software and services

    -- Future smartphone portfolio will transition from 6 devices to 4;
    focusing on enterprise and prosumer-centric devices, including 2 high-
    end devices and 2 entry-level devices

    -- Company announces restructuring plans, including reduction of
    approximately 4,500 employees; targets reduction of its operating
    expenditures by approximately 50% by end of Q1 Fiscal 2015

    -- Company sees increasing penetration of BlackBerry Enterprise Service 10
    (BES 10) with more than 25,000 commercial and test servers installed to
    date, up from 19,000 in July 2013

    -- Special Committee of the Board continues to evaluate strategic
    alternatives
    Source? And if this is accurate it still wouldn't prompt a halt in trading.

    ETA Saw the post on the blog with the preliminary report. Wonder why they issued this today instead of waiting until the 27th?
    Last edited by Thunderbuck; 09-20-13 at 03:26 PM. Reason: New info
    09-20-13 03:22 PM
  25. tickerguy's Avatar
    BIG revenue miss (like by HALF), cutting the firm basically in half. Layoffs confirmed.
    09-20-13 03:22 PM
42 12

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