BlackBerry asks regulators to investigate analyst's claim
0. phoneArena 12 Apr 2013, 16:41 posted on
As we told you on Thursday, an analyst for Detwiler Fenton has claimed that returns of the BlackBerry Z10 by key U.S.retail partners are now exceeding sales; as we've pointed out before, this investment firm has been bearish on BlackBerry months before BlackBerry 10 was launched; now, BlackBerry is filing a dispute with the Ontario Securities Commission and the SEC claiming that the analyst either mis-read the data or willfully tried to manipulate the data...
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1. Penny (Posts: 1476; Member since: 04 Feb 2011)
My first thought when I saw the article the other day was "Oh, another report by an analyst. I completely trust analysts for their news reporting."
Let the numbers be counted by whomever is supposed to count the numbers. Don't get your info from a person whose firm has something to gain by releasing false advice to affect share prices.
If this claim is indeed investigated and the SEC finds the report from Detwiler Fenton to be falsified, then kudos to BlackBerry for calling out their bluff.
9. jroc74 (Posts: 5595; Member since: 30 Dec 2010)
Whatever the case is...this is the first time I have ever heard of a company doing this.
Might be a sign of desperation.
Like you said, if it does turn out to be bad for Fenton, kudos to BB.
10. Whodaboss (Posts: 176; Member since: 18 Nov 2011)
This is not a sign of desperation. Do you invest?! It obvious you don't! And if you do, then you certainly have no concept of how these type of statements can devalue a company.
Personally I wish all these tech sites would stop reporting anything analyst have to say! STOP! These analyst release these statements with malicious intent. To devalue while trying to create more value elsewhere. Let the damn buying public make those decision. Stop trying to sway people because you don't like a company.
12. jroc74 (Posts: 5595; Member since: 30 Dec 2010)
Invest with BB, did you now? Its not that serious.
Why so serious?
For your information...I ...used to...invest. Have you every heard of a company asking for an analyst to be investigated?
Every hear of HTC or Motorola asking for an analyst to be investigated? What about Zynga, or Facebook?
Exactly. Thats my point. Who in the general public pays attention to stock news?
Thats my point. Take the emotion out of it and step back n look at the bigger picture.
30. donfem (Posts: 579; Member since: 30 Mar 2011)
What bigger picture are you looking at? Analysts are humans with personal interests in affecting the outcome in the stock market (as in this case). These reports are most of the time, inaccurate. A shame that armchair analysts are still respected in the USA
13. jroc74 (Posts: 5595; Member since: 30 Dec 2010)
I sold my Zynga and Apple stock right before they both started declining. But thanks for your concern. :-)
Apple didnt hurt too bad, I bought it when it was high already. Zynga was a good move. I would probably be in the red overall if I still had Apple stock.
I decided to close my account. I had enough stress in my life. Might try to get another 401k again. New job doesnt have any benefits, so I gotta do everything by myself. Pays real, real good, but no benefits.
2. Johnnokia (Posts: 866; Member since: 27 May 2012)
No smoke without fire.
The analysts have their own data to trust.
18. sam_tek (Posts: 101; Member since: 18 Feb 2011)
not if the statement has an ulterior motive
19. No_Nonsense (Posts: 826; Member since: 17 Aug 2012)
Funny that its not applicable when it comes to Nokia or samsung or whoever else that you like here. Majority of the times analysts have ulterior motives while making such statements/
3. downphoenix (Posts: 2816; Member since: 19 Jun 2010)
Sprint has yet to release the device and has been mum on it. Probably won't at this point, Q10 maybe. A shame really, Sprint was the first US carrier to speak in support of BB10, now they turn their backs, typical.
AT&T, T-Mobile, and Verizon have released it though.
6. HASHTAG (unregistered)
It's very clear that Sprint is bounded to just iOS and Android. Look how long it took for them to support WP8, now they're taking their time with BB10.
4. Johnnokia (Posts: 866; Member since: 27 May 2012)
It seems that Americans don't want BlackBerry to success.
5. Penny (Posts: 1476; Member since: 04 Feb 2011)
I, for one, do. I like the BB10 OS a lot, just don't know if the overall package is enough for me to commit to for a 2 year contract.
Every platform has its strengths right now. The more platforms are out there competing, the faster each company will have to continue to move, and the easier it will be to find the features you want from the platform that you want. I would love to have some of BB10's features in WP8, and some of the Lumia 920's features in the Z10. The better each of these two platforms do, the more they will have to match each other's strengths.
31. donfem (Posts: 579; Member since: 30 Mar 2011)
Tht's why you have the option of switching to T-mobile with no contract.
7. Boxdgm (Posts: 2; Member since: 30 Mar 2013)
We sell them at my work and sales and returns have been equal, zero sales zero returns.
8. Dion25 (Posts: 42; Member since: 25 Jul 2012)
Bb should go open source. Partner with Samsung, Htc, Lg, Sony, and other hardware companies. This is really their best options. Go the Google route for their survival. The hardware would sell their software.
11. Penny (Posts: 1476; Member since: 04 Feb 2011)
That's not a bad idea actually. While the potential for profit when you produce your own hardware can be much greater, the cost of producing your own hardware can be prohibitive. They could save a lot of money and stay more focused if their only concern is with software. And let's face it, aside from their physical keyboards, BlackBerry has never been the type to really produce advanced hardware.
Interestingly though, if they were to turn into an OS/software based business, they would then largely have to live off of the profits of their app ecosystems and advertising distributions, and I don't know if they are strong in either category. But that BB10 OS is very nice, and it would be much more likely to gain in popularity if people saw it on multiple devices.
24. Xtasy (Posts: 284; Member since: 13 Jan 2013)
A very bad idea. I like the hardware coming from Blackberry. I like the materials they use and how the phone looks. Much better than some cheap ugly looking samsung device. The phone does what it needs to do and faster than any android device. Plus the phone works a lot better cuz the software was made for the hardware...
14. InspectorGadget80 (Posts: 7043; Member since: 26 Mar 2011)
analyst are a bunch of idiots thats what i have too say bout them
33. Rydsmith (Posts: 325; Member since: 20 Jun 2012)
That's a little bit of the pot calling the kettle black.
15. Sniggly (Posts: 7291; Member since: 05 Dec 2009)
We haven't really sold any Z10s at work.
I aim to change that.
A coworker volunteered to lend me the Z10 that she received for free from the company since it's on AT&T and she uses Sprint, and the beta ROM I've been using on my Atrix has bugs which are not being resolved since Jokersax fell off the face of the Earth.
(For those of you who remember that I had a Galaxy Note, the charging port is busted from being yanked by the charging cord off the shelf when our chair wheels catch on it).
ANYWAY, so I've been using a Z10 for about a week and I actually quite like it. It's not perfect, not even close, and I sorely miss the inclusion of a lot of apps (and some apps I do have, like Scorecenter from ESPN, don't work properly). However, the Z10 is light fu.cking years ahead of anything Blackberry's done before, and I daresay it's about as easy to use as Android or iOS.
This is, without a doubt, the first Blackberry I've ever felt I could recommend to someone who's willing to try it.
22. ardent1 (Posts: 2000; Member since: 16 Apr 2011)
The screen size is small versus the current generation of android devices.
BB should have aimed for 4.5" to remain competitive.
25. Xtasy (Posts: 284; Member since: 13 Jan 2013)
No the screen size is perfect. I don't need a huge phone. It's made so that u can use it easily with one or 2 hands. I always hated the look and feel of the S3...too big
35. ardent1 (Posts: 2000; Member since: 16 Apr 2011)
If BB got rid of the logo on the bottome and used some of the dead space above the screen, there IS ALREADY enough room for a 4.5" screen.
My point is they don't have to make a bigger phone, they had to include more display real estate on the EXISTING device.
My point is they could have shoe-horned a 4.5" screen on that device. I rather have more display area than a worthless corporate logo.
16. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)
That's why I hate analyst, they always talk crap and they didn't use the device before and they said something bad about devices, they always have their own "imagination"......... :(
17. DigitalJedi_X2 (banned) (Posts: 346; Member since: 30 Jan 2012)
ANAL-ysts like this dude usually make these types of stories up to short sell a stock. There have already been reports out that there is $2 Billion on the line in short selling Blackberry stock. Its all over Seeking Alpha(www.seeking alpha.com). Most US tech sites(iPhonearena included) seem to put out story after story about how "bad" Blackberry is doing with absolutely no evidence to back it up, save the original site they copy & pasted the story from. Kudos indeed to Heins for calling for an investigation into this dude. The negative and bogus stories he and others are putting out is already hurting BB stock. I hope he gets exactly what's coming to him(either a huge fine, jail time or preferably BOTH).
28. downphoenix (Posts: 2816; Member since: 19 Jun 2010)
This is all politics. There are people that will profit by the demise of Blackberry. Reducing the competition will be good for their bottom lines. Fishy stuff indeed that BB's stock is doing so bad despite taking all the necessary measures to cut costs and go from bleeding loses to actual profits. Mismanagement got them in the position they were like Nokia did, but unlike Nokia they are back in black of their own accord, despite the analysts. After all, why pay heed to analysts, first 4 letters are anal.
20. jibraihimi (Posts: 718; Member since: 29 Nov 2011)
It's good to see company like RIM waking up to these analysts, whose study and predictions are more in line with Astrology than with the real facts....... They just sit in there AC office, making reports which are mostly their assumption, it was high time that somebody did something about it............
26. lubba (Posts: 1313; Member since: 17 Jan 2011)
Good for BB. Every anal-lyst should be investigated. When these manipulators of society come out and make claims, their claims should be put through the ringer, brought forth to public, and if untrue, they should be jailed with no bail! God I hate analyst and fanboys!!
27. JojoGo101 (Posts: 211; Member since: 17 Dec 2012)
Why do I hate Blackberry 10?
-Just like iOS and WP.. CLOSED!
-Lack of Apps
-Q10 and Z10 WAAY too EXPENSIVE!
-Crappy Camera Software to go with the crappy Camera
-CRAPPY BATTERY! I mean.. COME ON!
-For price, the choice of materials is WEAK!
-Uses Outdated GPU's!
-Too late in the smartphone game, comes with a 1 year old GPU and 720p screen for 2013!
-BB's CEO is just a greedy man like Steve Jobs.. but atleast Steve Jobs was kinda nice to people(HE ACTUALLY SMILED AND MADE JOKES!). I bet BB never even contributed to charity when they were popular...
32. lubba (Posts: 1313; Member since: 17 Jan 2011)
I respect every OS. They all have their merits. But for ease of use and integration, I prefer WP. Its stock, its bold, its different, secure, and simply beautiful.