BlackBerry's Q2 earnings report as bad as it said it would be
posted by Alan F. / Sep 27, 2013, 5:26 PM
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
That picture of Heins is worth a thousand words.
posted on Sep 27, 2013, 5:42 PM 3
Posts: 459; Member since: Sep 14, 2013
Apple will be the next Blackberry.
posted on Sep 27, 2013, 6:39 PM 7
Posts: 44; Member since: Jan 10, 2013
following nokia's footsteps..
posted on Sep 27, 2013, 7:52 PM 2
Posts: 407; Member since: Jul 13, 2012
It's over You don't need to tell me I hope you're with someone who makes you feel safe in your sleeping tonight I won't kill myself, trying to stay in your life I got no distance left to run When you see me Please turn your back and walk away I don't want to see you Cos i know the dreams that you keep is wearing me When your coming down, think of me here I got no distance left to run It's over, I knew it would end this way I hope you're with someone who makes you feel That this life is the night And it settles down, stays around Spends more time with you I got no distance left to run
posted on Sep 28, 2013, 3:53 AM 0
Posts: 182; Member since: Oct 31, 2011
It is crazy how these companies operate totally blinded by their past grandeur. Adopt android already. You would sell more than you are already. Stockholders are to blame just as much as the CEO. Stockholders should demand more.
posted on Sep 28, 2013, 6:54 AM 0
Blackberry phones are nice. I hope they can survive this situation
posted on Sep 29, 2013, 5:53 AM 0
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