BlackBerry's Q2 earnings report as bad as it said it would be
After taking a $935 million hit (right in the solar plexus) to write down inventory of the BlackBerry Z10, the company reported a second quarter GAAP loss from continuing operations of $965 million. The massive non-cash charge obviously made up the majority of the operating loss for the period. Instead of having a cash flow into the company, which BlackBerry did to the tune of $630 million for the prior quarter, the company ate up $136 million in the second quarter as cash on hand dropped to $2.6 billion from $3.1 billion.
The company canceled the conference call that it usually holds after its quarterly earnings report. The company has agreed to a $4.7 billion purchase from a consortium led by its largest shareholder, Fairfax Financial Holdings. Should BlackBerry find a better deal, it can pull out of the current transaction and pay Fairfax a break-up fee of $157 million.
- Display 4.2" 768 x 1280 pixels
- Camera 8 MP / 2 MP front
- Processor Qualcomm Snapdragon S4 Plus, Dual-core, 1500 MHz
- Storage 16 GB + microSDXC
- Battery 1800 mAh(10h 3G talk time)
Posts: 331; Member since: Oct 16, 2012
posted on Sep 27, 2013, 5:42 PM 3
Posts: 459; Member since: Sep 14, 2013
posted on Sep 27, 2013, 6:39 PM 7
Posts: 44; Member since: Jan 10, 2013
posted on Sep 27, 2013, 7:52 PM 2
Posts: 407; Member since: Jul 13, 2012
posted on Sep 28, 2013, 3:53 AM 0
Posts: 183; Member since: Oct 31, 2011
posted on Sep 28, 2013, 6:54 AM 0
posted on Sep 29, 2013, 5:53 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):