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Prospects Dim for BlackBerry Maker
The Wall Street Journal ^ | May 29, 2012 | CHIP CUMMINS

Posted on 05/29/2012 7:39:13 PM PDT by MinorityRepublican

Research In Motion Ltd. RIMM +2.09% warned its business is deteriorating and will likely lose money for the second straight quarter, underscoring the uphill battle to turn around its flagging BlackBerry smartphone business.

The dire outlook comes as RIM scrambles to cut costs ahead of the rollout of its next BlackBerry expected this year. RIM is depending on this phone and a new mobile operating system to rescue the business, yet it still hasn't provided a date for the debut.

Analysts have been marking down their earnings estimate for the quarter for weeks, but most had still figured RIM would turn a small profit in the period. The company posted a $930 million profit in the year-earlier quarter, and it has maintained an annual profit since fiscal 2004.

RIM also said Tuesday it had hired outside advisers to help its board to figure out how to salvage—or possibly sell parts of—its business.

The company said it hired bankers at J.P. Morgan Securities and RBC Capital to assist in a previously announced strategic review of options. Representatives at RBC and J.P. Morgan declined to comment.

The banks are helping executives "evaluate the relative merits and feasibility of various financial strategies, including opportunities to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives," said Chief Executive Thorsten Heins in a statement.

(Excerpt) Read more at online.wsj.com ...


TOPICS: News/Current Events
KEYWORDS: blackberry; smartphones; telecom

1 posted on 05/29/2012 7:39:16 PM PDT by MinorityRepublican
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To: MinorityRepublican
they sure milked the blackberry.

creative-destruction alert.

2 posted on 05/29/2012 7:41:46 PM PDT by the invisib1e hand (they have no god but caesar)
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To: MinorityRepublican

My old Curve is a wonderful alarm clock.


3 posted on 05/29/2012 7:42:52 PM PDT by Jeff Chandler (Skiddle arink a dink a dink, Skiddle arink a doo)
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To: MinorityRepublican
Not long ago that Blackberry was state of the art...oh well, live by innovation,...
4 posted on 05/29/2012 7:54:54 PM PDT by hinckley buzzard
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To: MinorityRepublican

BETA


5 posted on 05/29/2012 8:00:16 PM PDT by 23 Everest (When seconds count. The police are just 23 minutes away. 831 Bonnie)
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To: the invisib1e hand

They stubbornly kept their heads in the sand until they’ve apparently reached the point of no return. I used to carry a BB, but they dismissed the complaints of their users.


6 posted on 05/29/2012 8:02:38 PM PDT by catbertz
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To: the invisib1e hand
I'm abandoning the Blackberry family in less than a week.

They simply didn't keep up.

7 posted on 05/29/2012 8:05:43 PM PDT by Lazamataz (People who resort to Godwin's Law are just like Hitler.)
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To: All

They were hit by an utter game changer, black swan. I don’t see any way out for them. A Sony can come back because it’s not tied to one type of a product, but Blackberry means a physical keyboard. If they can somehow make that sexy, they can remain a niche player.


8 posted on 05/29/2012 8:10:01 PM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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To: Jeff Chandler

The Blackberry is probably the best alarm clock, ever.

It could awake me from across the house.

Now I own a Windows phone and am impressed.


9 posted on 05/29/2012 8:11:56 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: catbertz

Still love my BB. Even have the Playbook. It is a damn powerful business tablet. Apple and Android have yet to address security issues. I am able to run Android apps but because of a fully functional browser, don’t need Apps to do everything. Wifi plus can bridge to the BB and use my existing data plan. Had a 4s for 13 days and returned it. Outside the United States BB still dominates.


10 posted on 05/29/2012 8:12:45 PM PDT by nurees (Oh...there is a NEW Mexico (Homer Simpson))
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To: Cronos

Check out the BB10 phones...very sleek and BB already has a touchscreen phone.


11 posted on 05/29/2012 8:14:59 PM PDT by nurees (Oh...there is a NEW Mexico (Homer Simpson))
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To: MinorityRepublican

I missed the crackBerry fad, but I did once own a hula hoop.


12 posted on 05/29/2012 8:16:29 PM PDT by Joe Miner
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To: MinorityRepublican
Work-supplied Android phone has been giving me fits.

Was seriesly considering tonight just tossing the Android phone out the window and going back to the BB Bold. < |:(~

13 posted on 05/29/2012 8:33:31 PM PDT by martin_fierro (< |:)~)
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To: nurees

My co-worker returned 4s in less than a week. Upgraded to a new BB afterwards. I like my BB. I haven’t had an affair with a droid or apple yet but in general, I’m not a fan of touchscreen.


14 posted on 05/29/2012 8:38:41 PM PDT by MinorityRepublican
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To: MinorityRepublican

My company once furnished me with a BB. It was not user friendly and the one time I needed it OCONUS, it failed miserably.

So I’m still using my 1.264G MOTO 9Q. When I want to talk to someone, I turn it on, dial the number, and presto, it works like a phone.


15 posted on 05/29/2012 8:43:26 PM PDT by 2nd Bn, 11th Mar (The "p" in Democrat stands for patriotism.)
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To: 2nd Bn, 11th Mar

As someone who messed with telephony a fair amount a decade or so ago, it amazes me how many people fail at making a device that is at least a really good phone, just to get started.


16 posted on 05/29/2012 8:47:56 PM PDT by FreedomPoster (Islam delenda est)
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To: MinorityRepublican

Like my BB Torch except can’t do voice searches.

Had Droid Galaxy2 and IPhone 4G - they were like spoiled women.

Hope BB hangs in


17 posted on 05/29/2012 8:53:48 PM PDT by jcon40
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To: MinorityRepublican

Blackberry is a great email client, but a lousy cell phone. No screen link to ordinary voice mail, and none of the standard cell phone keystrokes work. Hold down a non-logical key and you get voice mail. What idiot designed that?


18 posted on 05/29/2012 8:53:58 PM PDT by PAR35
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To: jcon40

I abandoned my Torch in favor of an HTC One X. It was like going from a Vega to a Bugatti Veyron.


19 posted on 05/29/2012 9:36:55 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: nurees
Still love my BB. Even have the Playbook.

Me, too!! Why should I pay for those extra apps if I would never use them? I had a Blackberry Curve for two years and never had a minute's trouble with it. When it was time for me to get a new phone, the salesman tried to interest me in an Android, but I had just bought my Playbook and wanted another BB so I could use the Blackberry Bridge feature of my Playbook. My family members have other phones and are constantly (it seems) having trouble with them. My provider is Verizon and they do not even support the 4G technology in my area. You can not beat BB's QWERTY keyboard!

20 posted on 05/29/2012 10:04:47 PM PDT by srmorton (Deut. 30 19: "..I have set before you life and death,....therefore, choose life..")
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To: Jeff Chandler

My old curve was traded in for an iPhone. Love my iPhone. How much I like it has kinda blown me away.


21 posted on 05/29/2012 11:45:28 PM PDT by Conservative4Ever (Waiting for the new tagline to download)
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To: MinorityRepublican

The irony here is that RIMM is not the only company about to hit the skids. All of the facades of companies “doing well” are about to come falling down.


22 posted on 05/30/2012 5:01:35 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Lazamataz

RIM will lose another customer (Mrs. Bustard) in August ... probably to Samsung. They lost me two years ago.


23 posted on 05/30/2012 5:05:27 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: MinorityRepublican

I am getting rid of my blackberry in September when i am due for an upgrade.

They took what used to be a reliable good phone and turned it into a mess of bugs, lockups, etc.

Using the internet on the phone is BRUTAL. Seriously brutal.


24 posted on 05/30/2012 5:07:12 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: ArrogantBustard

I applied for a job at Research In Motion, but on the way to the interview, I turned the car around.

I realized I did NOT want a R.I.M. jo.... no, I better not.


25 posted on 05/30/2012 5:31:27 AM PDT by Lazamataz (People who resort to Godwin's Law are just like Hitler.)
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To: Lazamataz

Don’t knock it until you try it. It all depends on who is doing the “hiring”.


26 posted on 05/30/2012 5:44:59 AM PDT by SW6906 (6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
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To: srmorton

“You can not beat BB’s QWERTY keyboard!”

BUMP.

My wife has a Droid, kids have IPhones; I wouldn’t trade my BB Bold for all of them.


27 posted on 05/30/2012 6:09:37 AM PDT by SharpRightTurn ( White, black, and red all over--America's affirmative action, metrosexual president.)
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