Analyst: BlackBerry has already run through $800 million of the $1 billion it received
With its next earnings report due on December 20th one analyst expects to see that BlackBerry spilled a ton of red ink in the period. Bernstein analyst Pierre Ferragu forecasts that BlackBerry will report that it ran through $800 million in the period alone. The money comes from the $1 billion cash infusion that BlackBerry received from Fairfax after the privatization deal failed.
But Ferragu sees the skies brightening and the clouds dissipating for BlackBerry. Things have to get better, the analyst believes, because "they can’t get no worse." He slaps a value of $6 billion to as much as $13 billion on BlackBerry, which means that the company is far from dead. But if it burns through $800 million every quarter, BlackBerry might not have that much time left.
This is why it is important that rumored handsets like the BlackBerry Z50 turn out to be true. The speculation is that this model will have a 1080 x 1920 resolution, which would be a first for the manufacturer, and would be powered by a quad-core processor. No BlackBerry model has ever had a quad-core CPU under the hood. If the company is going to challenge iOS and Android, not to mention Windows Phone, there is one simple thing it needs to do. BlackBerry needs to start producing handsets that the public wants.
source: StreetInsider via BGR
Posts: 620; Member since: Apr 20, 2010
posted on Dec 17, 2013, 10:40 AM 0
Posts: 26; Member since: Nov 15, 2013
posted on Dec 17, 2013, 2:57 AM 0
Posts: 40; Member since: Oct 03, 2013
posted on Dec 17, 2013, 2:02 AM 0
Posts: 110; Member since: Feb 04, 2013
posted on Dec 17, 2013, 12:07 AM 1
Posts: 10457; Member since: May 14, 2012
posted on Dec 16, 2013, 11:12 PM 3
Posts: 258; Member since: Nov 10, 2011
posted on Dec 17, 2013, 1:17 AM 0
Posts: 832; Member since: Mar 08, 2009
posted on Dec 17, 2013, 5:29 PM 0
Posts: 3718; Member since: Nov 03, 2012
posted on Dec 16, 2013, 11:02 PM 0
Posts: 1693; Member since: Aug 18, 2013
posted on Dec 17, 2013, 12:19 PM 0
Posts: 254; Member since: Nov 24, 2013
posted on Dec 16, 2013, 10:45 PM 2
Posts: 42; Member since: Mar 10, 2012
posted on Dec 17, 2013, 11:11 AM 0
PhoneArena Comments Rules
A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
- Off-topic talk - you must stick to the subject of discussion
- Trolling - see a description
- Flame wars
- Offensive, hate speech - if you want to say something, say it politely
- Spam/Advertisements - these posts are deleted
- Multiple accounts - one person can have only one account
- Impersonations and offensive nicknames - these accounts get banned
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please, contact us.
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):