Let us be crystal clear here: survival of Research In Motion as a going interest is turning out to be a sketchy idea. Is RIM trying to survive?
The BlackBerry maker today publicized a whole lot of undesirable announcement. The business created a much larger than anticipated reduction for that fiscal first quarter completed May possibly 31. RIM is cutting 5,000 jobs, concerning 30% in the current personnel. It wishes additional failures in the second quarter, so you should feel there will be no less than one more quarter of red ink right after that. Worst of all, the firm proclaimed that BlackBerry 10, the company's next generation mobile phone Operating system, might be detained until eventually the 1st quarter of 2013.
That is very, really undesirable headlines for RIM bulls. The issue is simple. The business is staying mashed by more skillful Apple, Google Android and thus Windows Phone 7 (and soon Phone 8products. RIM CEO Thorsten Heins to the company's post-report convention call discussed greatly about how BlackBerry 10 is usually a innovative new platform. Nevertheless that only appears like an enormous lengthy chance.
Forester professional Charles Golvin resolved that point in feedback this afternoon.
"The window for BlackBerry to continue to be a system with realistic improvement potential is closing, and also this advancement illustrates the tempo from which it truly is closing," he says. "In the approaching period prior to the BlackBerry 10 introduction we anticipate a fresh iPhone, much more Android gadgets operating Google's newest variant, and also a substantial push from Microsoft behind the many subsequent variations of Windows. For the first BlackBerry 10 gadget to secure the awareness of customers and builder at its all new launch date it will should verify itself better than the choices by leaps and bounds - the probability of that is very, quite very low.
Golvin nails it. Indeed, the business has greater than $2 billion in money. The corporation has a potentially important patent portfolio. And it's 78 million energetic consumers. But how on earth does any person conclude that this corporation has a decent probability to outlive that has a flood of iOS6, Windows Phone 8 or Android 4.1 gadgets all anticipated to demonstrate up available ahead of BB 10 will get here - though brand new affordable Android devices carry on to distributed into the low end of the industry, the company's sole remaining supply of power.
Down the road, there is going to be a whole new round of talk about precisely how low the company's stock can go, but they are asset value calculations. It truly is surely feasible that someone purchases a few of the items, in particular the patent portfolio, which along with the cash now accounts for most of RIM's remaining value. However the heart in the matter is that the company's performance are nonetheless decreasing rapidly, and there exists not considerably purpose to assume a BB 10-based rebirth.
In late investing, RIMM is down $1.38, or 15.1%, to $7.75. Did NYT abandons BB app?
The BlackBerry maker today publicized a whole lot of undesirable announcement. The business created a much larger than anticipated reduction for that fiscal first quarter completed May possibly 31. RIM is cutting 5,000 jobs, concerning 30% in the current personnel. It wishes additional failures in the second quarter, so you should feel there will be no less than one more quarter of red ink right after that. Worst of all, the firm proclaimed that BlackBerry 10, the company's next generation mobile phone Operating system, might be detained until eventually the 1st quarter of 2013.
That is very, really undesirable headlines for RIM bulls. The issue is simple. The business is staying mashed by more skillful Apple, Google Android and thus Windows Phone 7 (and soon Phone 8products. RIM CEO Thorsten Heins to the company's post-report convention call discussed greatly about how BlackBerry 10 is usually a innovative new platform. Nevertheless that only appears like an enormous lengthy chance.
Forester professional Charles Golvin resolved that point in feedback this afternoon.
"The window for BlackBerry to continue to be a system with realistic improvement potential is closing, and also this advancement illustrates the tempo from which it truly is closing," he says. "In the approaching period prior to the BlackBerry 10 introduction we anticipate a fresh iPhone, much more Android gadgets operating Google's newest variant, and also a substantial push from Microsoft behind the many subsequent variations of Windows. For the first BlackBerry 10 gadget to secure the awareness of customers and builder at its all new launch date it will should verify itself better than the choices by leaps and bounds - the probability of that is very, quite very low.
Golvin nails it. Indeed, the business has greater than $2 billion in money. The corporation has a potentially important patent portfolio. And it's 78 million energetic consumers. But how on earth does any person conclude that this corporation has a decent probability to outlive that has a flood of iOS6, Windows Phone 8 or Android 4.1 gadgets all anticipated to demonstrate up available ahead of BB 10 will get here - though brand new affordable Android devices carry on to distributed into the low end of the industry, the company's sole remaining supply of power.
Down the road, there is going to be a whole new round of talk about precisely how low the company's stock can go, but they are asset value calculations. It truly is surely feasible that someone purchases a few of the items, in particular the patent portfolio, which along with the cash now accounts for most of RIM's remaining value. However the heart in the matter is that the company's performance are nonetheless decreasing rapidly, and there exists not considerably purpose to assume a BB 10-based rebirth.
In late investing, RIMM is down $1.38, or 15.1%, to $7.75. Did NYT abandons BB app?
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