RIM operating at a loss as fiscal 1Q 2013 earnings far worse than expected

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Comments

  • Reply 21 of 34
    aaarrrggghaaarrrgggh Posts: 1,609member
    asdasd wrote: »
    The blackberry won't go away because some people want the keyboard. They will just be a smaller company. As it happens they have some loyalty amongst BBM users.

    Unfortunately, RIM survives on the BES licensing and not the handset sales. So, becoming a smaller company really isn't an option, since the BES revenue would be gone without the critical mass.
  • Reply 22 of 34
    alfiejralfiejr Posts: 1,524member

    Quote:

    Originally Posted by Quadra 610 View Post


     


    QNX has to completely and utterly redefine the entire mobile paradigm for it to actually matter to anyone anymore. 


     


    RIM needs to change the game, Apple-style. 


     


    Seems like an unfair requirement, but this isn't 15 years ago. 



    i beg to differ. all the major OEM's must have realized by now that both MS and Google are going to dump them and copy Apple by building their own hardware. first tablets this year, then smartphones next year (ignore all the BS denials from MS and Google), and finally notebooks. leaving nothing but cheap whitebox PC's for OEM licensing. they are all being hung out to dry.


     


    the only way for these OEM's to save their butts is by having their own proprietary OS too. HP was stupid to give up on WebOS. Nokia committed suicide by giving up on MeeGo. Samsung is smart, working hard on Bada. i bet most of the rest are taking a good hard look at QNX right now and thinking about buying up RIM cheap. so QNX matters to them. Sony in particular is doomed if it sticks with Android and Windows to the bitter end.

  • Reply 23 of 34
    SpamSandwichSpamSandwich Posts: 33,407member

    Quote:

    Originally Posted by Gazoobee View Post


     


    No. It's far beyond that.  


     


    People were expecting them to do badly today and that it wold lead almost certainly to a collapse or a buy out.  Then the news is announced that they did 12 times worse than even that expectation.  


     


    RIM is completely dead. Period.  


     


    They will be bought out or simply close the door before the end of the year.  


    "BB10 delayed until 2013" is just polite code for "you will never see BB10"



     


    Wow. It's happening even sooner than I predicted.

  • Reply 24 of 34
    mac.worldmac.world Posts: 340member
    Why in the hell would anyone buy this stock now, except if they have a little "pre-knowledge" that the stock will drop immediately following the bell and short it.

    SEC might see a problem with that though.

    Anyway, wasn't RIMM relisted as junk last week? Within the month it is likely to be dropped completely from the NASDAQ and become what? A penny stock?
  • Reply 25 of 34
    dennyldennyl Posts: 28member

    Quote:

    Originally Posted by Alfiejr View Post


     


    the only way for these OEM's to save their butts is by having their own proprietary OS too. HP was stupid to give up on WebOS. Nokia committed suicide by giving up on MeeGo. Samsung is smart, working hard on Bada. i bet most of the rest are taking a good hard look at QNX right now and thinking about buying up RIM cheap. so QNX matters to them. Sony in particular is doomed if it sticks with Android and Windows to the bitter end.



     


    The only problem is the market could never have supported all those ecosystems - iOS, Android, WebOS, MeeGo, Bada, QNX - so whichever way it was hacked there was always going to be a bloodbath. Most of the Android OEMs are small fish but it is simpy amazing that a corporation the size of Sony should depend on a freeby operating system in such an important market, or that Nokia should put all its eggs in an unproven OS. Apple is obviously in an unassailable position, collecting most of the profits, until either Google/Motorola or Microsoft/Nokia can find a way past them. It's hard to imagine how they will do that. Maybe Samsung could pick up QNX, but I don't think the market would support even four OSs, and the survivors would be the ones with the most developers and apps.

  • Reply 26 of 34
    island hermitisland hermit Posts: 6,217member


    Dead company walking.


     


    Sadly...

     

  • Reply 27 of 34
    island hermitisland hermit Posts: 6,217member

    Quote:

    Originally Posted by DennyL View Post


     


    The only problem is the market could never have supported all those ecosystems - iOS, Android, WebOS, MeeGo, Bada, QNX - so whichever way it was hacked there was always going to be a bloodbath. Most of the Android OEMs are small fish but it is simpy amazing that a corporation the size of Sony should depend on a freeby operating system in such an important market, or that Nokia should put all its eggs in an unproven OS. Apple is obviously in an unassailable position, collecting most of the profits, until either Google/Motorola or Microsoft/Nokia can find a way past them. It's hard to imagine how they will do that. Maybe Samsung could pick up QNX, but I don't think the market would support even four OSs, and the survivors would be the ones with the most developers and apps.



     


    Android would most likely have been the one that was toast had the co-CEOs of RIM been less arrogant. The writing was on the wall when Apple unveiled the iPhone in 2007. RIM was told to reverse course, just as Google did. RIM decided to bury its head in the sand. This is the result.

  • Reply 28 of 34
    galaxytabgalaxytab Posts: 122member
    wovel wrote: »
    Only because they held their hands over their eyes screaming "Nah, Nah, Nah Can't See You".  They got sideswiped because they had no vision.  Even when the path was shown to them, they dismissed it (see below).

    DAYM! Someone pulled a Ballmer. :p
  • Reply 29 of 34
    alfiejralfiejr Posts: 1,524member

    Quote:

    Originally Posted by island hermit View Post


    Dead company walking.


     


    Sadly...

     



    yeah, it's time to start the Official Death Watch.

  • Reply 30 of 34


    Too bad. 5 years ago, RIM stock was sitting at about $140. Today, $7.80+. What were they thinking? I remember in 2007 Steve Jobs low-balling how many iPhones they would sell -- he was "hoping" for 10M, he said. I'm sure he didn't really know how revolutionary the iPhone would be, though I'm sure he was lying. But my guess is RIM believed his 10M figure and simply ignored the evidence as it developed. Apple may have started out as a low-grade infection of RIM's corporate base, but necrosis has set in. 


     


    RIM is dead and this talk of resurrection is not believable to anyone, including RIM investors, management or employees. BB10 will never see the light of day. Like Nokia, RIM will reach junk status within a couple of weeks, then life support before the end of summer. 

  • Reply 31 of 34
    wizard69wizard69 Posts: 13,377member
    At this point it isn't about what people want, it is about RIMs bility to at its bills. Companies go under very very fast, if you don't have cash to pay your bills your ability to operate is extremely curtailed. Further if you can't meet payroll you have no choice but to lay off people, in the states not meeting payroll brings the state in real fast to clear things up.

    In a nut shell if you have expenses built around rather large revenues and all of a sudden those revenues dry up you are screwed. Everything ends up on the chopping block, that includes employees, real estate, salaries, capital of all sorts and whatever else can go. Of course when you loose all of those resources your ability to execute just gets worst. RIM is in big trouble.
    asdasd wrote: »
    The blackberry won't go away because some people want the keyboard. They will just be a smaller company. As it happens they have some loyalty amongst BBM users.
  • Reply 32 of 34
    wizard69wizard69 Posts: 13,377member
    The problem with that is that many penny stocks are actually worth something or have potential.

    mac.world wrote: »
    Why in the hell would anyone buy this stock now, except if they have a little "pre-knowledge" that the stock will drop immediately following the bell and short it.
    SEC might see a problem with that though.
    Anyway, wasn't RIMM relisted as junk last week? Within the month it is likely to be dropped completely from the NASDAQ and become what? A penny stock?
  • Reply 33 of 34
    maestro64maestro64 Posts: 5,043member


    IP for sale, come all and bid on RIM's IP, that is all that is left with any value.

  • Reply 34 of 34

    Quote:

    Originally Posted by Maestro64 View Post


    IP for sale, come all and bid on RIM's IP, that is all that is left with any value.





    don't look now but Apple might just jump on that IP. While RIM might be failing, Apple can make use of that IP in ways no other can

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