RIM death watch

[lothar]

http://www.theverge.com/2013/9/21/4...der-mike-lazaridis-reportedly-considering-bid
What do BlackBerry investors think about this?

 

[Pheran]

The dumbasses bought a jet 2 months ago and are now selling it along with their other jets.

BlackBerry unloading corporate jets in addition to 4,700 employees

 

[Doppel]

Ihatemyjob2004 is using this recent news as a great opportunity to buy more stock!

Blackberry is flailing and has been for years. Getting out of consumer market now is yet another worthless and desperate move. They should sell what they have, divy up the cash, and stop throwing good money after bad. The company is dead. Dead dead dead. The enterprise only model is idiotic in this day and age.

 

[AyashiKaibutsu]

The type of organizations that would have a major problem with a camera-equipped are the same type of organizations that wouldn't find a mere software lockout an acceptable compromise.

I don't know the type of organizations I've worked for would have a problem with you bringing any personal electronic device whether it had a camera on it or not.

 

[mmntech]

They've found a buyer for RIM/Blackberry. A Toronto based company called Fairfax Financial is offering $9/share, a deal valued at $4.7 billion. Trading of BB stock is currently on hold at NASDAQ.
http://www.680news.com/2013/09/23/blackberry-receives-offer-from-group-led-by-fairfax/

 

[Imp]

Isn't Fairfax a realty corporation......

$9 a share?

No pop, but at least no major dump. They could have just bought all the shares over a few weeks for cheaper (hostile takeover?).

 

[lothar]

Isn't Fairfax a realty corporation......

Not sure if serious...
Fairfax is as much a realty corporation as Berkshire Hathaway, Leucadia National, and Markel Corp are.

 

[Centauri]

Seeing the company bought by another for the sole purpose of ROI basically means that BB is still a dead company, but its death is gonna be more drawn out than it would have been had it occurred more naturally - as one piece of the company after another is sold off until there's nothing of value left.

 

[luv2liv]

can we expect a firesale on its phones/tablets soon?

 

[ultimatebob]

can we expect a firesale on its phones/tablets soon?

Probably, not that I would want one. You'll probably get six months max of support before everyone on the software team gets shitcanned

Maybe they'll open source the OS someday... not that it helped MeeGo or WebOS much.

I'm not sure if their patents and the brand name are really still worth 4.7 billion.... are they?

 

[RaistlinZ]

I'm sure their patents are worth a good deal, not so much that Apple, Samsung, etc would use much of it, but simply so they could keep the other company from having them.

 

[Imp]

Not sure if serious...
Fairfax is as much a realty corporation as Berkshire Hathaway, Leucadia National, and Markel Corp are.

Total serious, yo. Seriously, I've only seen the Fairfax sign attached to the word "realty" before. If they're buying RIM, they're obviously just some investment firm.

 

[Imp]

This is hilarious... Reading some comments on websites from BB/BBRY shareholders yelling and screaming about how their shares are worth at least $12, $14, no, $16!

Now they just need to find a buyer willing to pay that much with the market price at $9...

 

[Doppel]

This is hilarious... Reading some comments on websites from BB/BBRY shareholders yelling and screaming about how their shares are worth at least $12, $14, no, $16!

Now they just need to find a buyer willing to pay that much with the market price at $9...

Denial is a strong influence. We have seen it with a couple of the bb faithful in this very thread. Up until the end they insisted they saw some magical world nobody else did and that the rest of us were fools. To admit to themselves now how wrong they were is too bitter a pill to swallow.

 

[Murloc]

so what happens now?
a few months pass and everyone gets terminated and patents sold off?

 

[AViking]

This might be a stupid question but what exactly do these patents hold? I had a few blackberries back in the states through my work and they WERE great since you got instant email. However now that we have smart phones I don't understand what makes a blackberry special at all. Don't get me wrong I really liked mine but $4.7B seems like a pretty sweet deal for Blackberry considering they don't hold a competitive advantage anywhere that I'm aware of. Security and encryption seem to be some keywords thrown around but what does that really entail?

 

[Bryophyte]

Pliablemoose is laughing his ass off at IHMJ.

 

[PimpJuice]

Its funny how IHateMyJob is nowhere to be found.

He said that if people had done their research that RIM was going to revolutionize the industry because of a thing called HTML5. He said it would kill app stores.

Even funnier because I'm a software developer and he was acting like he was the first to hear about this new technology which was already a few years old by that time.

What a moron

 

[Hugo Drax]

so what happens now?
a few months pass and everyone gets terminated and patents sold off?

They liquidate the assets ala Bluestar in the movie Wallstreet.

 

[Hugo Drax]

Its funny how IHateMyJob is nowhere to be found.

He said that if people had done their research that RIM was going to revolutionize the industry because of a thing called HTML5. He said it would kill app stores.

Even funnier because I'm a software developer and he was acting like he was the first to hear about this new technology which was already a few years old by that time.

What a moron

He was holding long call positions with strikes way OTM on RIMM that expire in a few months.

He actually had a big profit opportunity when there was an IV spike on those contracts a few months ago, a real nice quick return but he chose to hold instead of making a profit.

Now he is holding worthless paper.

And his long stock position is locked into a loss now that the buyout is 9 a share.

 

[vi edit]

Sad to see an iconic player in the mobile market go down in flames, but it's about time somebody took them behind the barn and put them out of their misery. That was an overly long and drawn out death flailing.

Next question is, will the same thing happen in a year or two to Windows Phone? If MS fumbles the Nokia handoff they are sunk too.

Then it's down to basically Samsung vs. Apple. The only other players in the mobile market actually making money.

 

[Doppel]

You have admitted multiple times I. This tread that you don't know what you are talking about and don't even care to.

How about you try taking the opinion of someone who has actually sat down and used a BB10 device:

http://techcrunch.com/2012/10/11/rim-bb10-video-hands-on/

This post from last October is just one of the many, many beautiful examples of head in the sand.

Now that BB is well and truly finished it is a great time to go back to around post 700 and read some of the posts by the blind followers of BB. And why should this be rubbed in? Because without contrition we do not learn. We must confront our past failings to become better people. It is no great surprise that Canadians seemed less able to see it as the moribund company it was, for it was a Canadian tech darling for so long.

 

[Imp]

I sought out the elusive post 700... it was from last summer. BB10 just got delayed. Holy shit, this thread has 50 pages. And I could have doubled my money if I bought some stock at $7 and sold around $17 (when I actually bought in).

 

[lothar]

Pliablemoose is laughing his ass off at IHMJ.

Proof?
Or is this on the site that shall not be named?

 

[Dirigible]

Or is this on the site that shall not be named?

Bingo.