09-20-13 02:29 PM
42 12
tools
  1. blackberrymight's Avatar
    TOES ON THE NOSE....


    What be the Drill?
    09-20-13 02:22 PM
  2. qpro's Avatar
    Is this why the @BBM twitter account shows as suspended, too?
    09-20-13 02:23 PM
  3. nquyen's Avatar
    Jeeze even worse than I thought wish they held off until the er so I could gave sold -.-

    Sent from my SGH-T999 using CB Forums mobile app
    Knightcrawler likes this.
    09-20-13 02:23 PM
  4. shabbs's Avatar
    /// 680News BREAKING NEWS ALERT \\\
    ___________________________________

    BlackBerry cutting 4,500 jobs

    BlackBerry is cutting 4,500 jobs, roughly about 40 per cent of its workforce, confirming a media report earlier this week. The company also says its taking a pre-tax charge of $930-million to $960-million.
    09-20-13 02:24 PM
  5. SK122387's Avatar
    Is this why the @BBM twitter account shows as suspended, too?

    Yeah wtf... why is that suspended? Hopefully it means it's being verified or something.
    09-20-13 02:24 PM
  6. chern's Avatar
    why bad news a day before BBM multiplatform release?

    unless good news or no news at all?

    Posted via CB10
    09-20-13 02:25 PM
  7. blackberrymight's Avatar
    BlackBerry Announces Preliminary Second Quarter Fiscal 2014 Results and Provides Business Update
    WATERLOO, ONTARIO--(Marketwired - Sept. 20, 2013) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) -


    -- 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
    09-20-13 02:25 PM
  8. phinsphan's Avatar
    Well my foot is in my mouth on the inventory side...

    Not good, game over. As a shareholder I still have to wonder if this means anything to the stock. It is already priced for liquidation.

    Retrenching and living to fight another war in 5-10 years on the internet of things side. Guess it was bound to happen. Just didn't want it to.
    09-20-13 02:26 PM
  9. Ironkidz's Avatar
    They are reopening in about 6 minutes.

    sent from HTC One
    09-20-13 02:26 PM
  10. SparkyBC's Avatar
    Watch the stocks dive.
    09-20-13 02:26 PM
  11. dawolfen's Avatar
    What a bizarre time to do this. Surely they knew about this at the beginning of the week, why at 3pm on Friday? Usually pre announcements occur more than 5 business days before you are going to release earnings...
    09-20-13 02:26 PM
  12. chern's Avatar
    why bad news a day before BBM multiplatform release?

    unless good news or no news at all?

    Posted via CB10
    never mind....

    Posted via CB10
    09-20-13 02:27 PM
  13. johnenglish's Avatar
    BlackBerry Announces Preliminary Second Quarter Fiscal 2014 Results and Provides Business Update
    WATERLOO, ONTARIO--(Marketwired - Sept. 20, 2013) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) -
    Posted on Page 1
    09-20-13 02:27 PM
  14. Thunderbuck's Avatar
    Watch the stocks dive.
    So they cut costs and cut BB10 prices to get units out. Might actually kickstart the platform.
    Cashgap likes this.
    09-20-13 02:28 PM
  15. koolrosh's Avatar
    This is bad!!!!!


    Play Starcraft? Join our Channel: C001242DE
    09-20-13 02:28 PM
  16. k8bushlover's Avatar
    Puts an end to any speculation about the WSJ article, I suppose.
    09-20-13 02:28 PM
  17. OldSkoolVWLover's Avatar
    Hey folks, lets take it over to this thread that has the complete report with source in first post...

    http://forums.crackberry.com/news-ru...2014-a-851568/
    09-20-13 02:29 PM
42 12

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