RIM death watch

[The-Noid]

7.70 @ 30s into the afterhours session.

 

[The-Noid]

I've said it once. I'll say it again. there are markets beyond the USA. *cough* India *cough*

BB 10 not out till Q1 2013 (that's calender year, not fiscal year). That s a total F up by RIMM. Unacceptable.

What is the average revenue per subscriber? It has to have taken a huge drop based on the metrics shown, given they say subscriber growth is up...

BB10 coming out in Q1 puts them behind a new iphone and another milestone version of android. That has to be the biggest killer. When does the $4 a share in cash and $4 patent portfolio with no premium come into play though?

Sell it now, take the $10 and be on with your day board.

I can't see anyway BB10 comes to fruition. Company will be sold by then.

 

[theevilsharpie]

BB10 delayed until Q1 2013

Good lord.

 

[The-Noid]

A conference call and live webcast will be held beginning at 5 pm ET, June 28,
2012, which can be accessed by dialing 1-800-814-4859 (North America),
(+1)416-644-3414 (outside North America), or through your personal computer or
BlackBerry(R) PlayBook(TM) tablet at www.rim.com/investors/events/index.shtml.
A replay of the conference call will also be available at approximately 7 pm
ET by dialing (+1)416-640-1917 and entering pass code 4501363#.

Big drop in acct's receivable added to net cash, otherwise CFO looks decidedly worse. +395 from working capital adjustments.

 

[Krazy4Real]

I bet BB10 will be delayed again next year. Rim is dying a long and horrible death.

 

[Deeko]

The PlayBook OS 2.0 was released in February. How can it take them a full year to put it in smartphone form factor, especially considering they inevitably were already working on it with that in mind.

 

[SAWYER]

They are the Terri Schiavo of tech companies

 

[The-Noid]

They are the Terri Schiavo of tech companies

If I actually thought they would sell the company and not do something stupid like carry on, I would jump in here in a second...

Unfortunately, management puts risk/reward somewhere in the 2:1 to 2.5:1. Donut to $11 price target. Too much for me.

 

[NFS4]

They are the Terri Schiavo of tech companies

Damn, that's cold!

 

[Hugo Drax]

I wonder what has happened to the guy who put his entire savings into RIMM and tried to Martingale themselves into a profit. He kept hyping about how RIMM is a great bargain.

 

[The-Noid]

I wonder what has happened to the guy who put his entire savings into RIMM and tried to Martingale themselves into a profit. He kept hyping about how RIMM is a great bargain.

He sold vol against it?

I really thought the ATM straddles at .90 going in where pricey. RIMM never disappoints though. Even straddle buyers make money...

 

[Dari]

What are you talking about? It doesn't support every EAS policy for corporate users, but it certainly supports ActiveSync.

http://en.wikipedia.org/wiki/ActiveSync

http://pocketnow.com/windows-phone/how-to-sync-windows-phone-7-with-outlook

http://en.wikipedia.org/wiki/Windows_Phone_7

Unfortunately, Windows Phone 7 only syncs with Exchange ActiveSync. So that means you’ll need an Exchange ActiveSync compatible email account to get your contacts and calendar info on there. Luckily, there’s a free and easy way to get your current Outlook installation and Windows Phone 7 to sync with the same Exchange ActiveSync account.

First, you’ll need a Windows Live Hotmail email account. Next you’ll need to install the Outlook Hotmail Connector (64bit version is here). After the Hotmail Connector is installed, you can add your Windows Live Hotmail account to Outlook and you’ll get a full folder listing with sections for Contacts, Calendars, as well as email. Now transferring contacts and appointments from your stand-alone Outlook PST file to the Windows Live account is just a matter of drag and drop. Hold down the Ctrl key to copy items instead of moving them.

 

[Hugo Drax]

He sold vol against it?

I really thought the ATM straddles at .90 going in where pricey. RIMM never disappoints though. Even straddle buyers make money...

Some poster here was going long equity position. No hedging, just long stock.

 

[Deeko]

http://en.wikipedia.org/wiki/ActiveSync

http://pocketnow.com/windows-phone/how-to-sync-windows-phone-7-with-outlook

http://en.wikipedia.org/wiki/Windows_Phone_7

Oh - syncing with desktop Outlook, not EAS? I didn't know that was still a use case, considering the vast majority of email systems out there support EAS.

 

[Imp]

Oh you dead RIM... You ded.

Down 16% afterhours trading... 25 minutes of bleeding left. Now at $7.66. Not too bad. Let's see where it is tomorrow. Excitement.

 

[Ichinisan]

http://en.wikipedia.org/wiki/ActiveSync

http://pocketnow.com/windows-phone/how-to-sync-windows-phone-7-with-outlook

http://en.wikipedia.org/wiki/Windows_Phone_7

Who the hell wants to sync contacts with a single computer anyway? Get those contacts in the cloud on an Exchange server or Live Mail / Gmail account...then sync w/ Exchange ActiveSync.

 

[theevilsharpie]

Who the hell wants to sync a smartphone with a single computer anyway? Get those contacts in the cloud on an Exchange server or Live Mail / Gmail account...then sync w/ Exchange ActiveSync.

Windows Mobile used to support syncing directly with Outlook via ActiveSync, whereas the newer Windows Phone does not. If you're using a traditional POP3 mailbox and download your mail to Outlook, I could see how this would be annoying.

In Microsoft's defense, the number of people who still get mail this way is probably pretty small, and I don't think any other modern smartphone platform supports syncing directly with Outlook.

Edit: The ninja edit screwed up my quote and doesn't make sense anymore. Bottom line: legacy ActiveSync is dead.

 

[Ichinisan]

Windows Mobile used to support syncing directly with Outlook via ActiveSync, whereas the newer Windows Phone does not. If you're using a traditional POP3 mailbox and download your mail to Outlook, I could see how this would be annoying.

In Microsoft's defense, the number of people who still get mail is probably pretty small, and I don't think any other modern smartphone platform supports syncing with Outlook.

Edit: The ninja edit screwed up my quote and doesn't make sense anymore. Bottom line: legacy ActiveSync [sync] is dead.

Agreed. I never wanted to try that because I knew stuff wouldn't work right. For example, Outlook and iOS contacts each have data fields that the others do not.

My contacts in iOS are synchronized with iCloud, Gmail, Hotmail, and an Exchange server. Duplicate contacts are dynamically linked and Apple-specific extra data is stored in iCloud.

 

[mmntech]

On a technological front, RIM failed for a couple of reasons. They were very late to the touchscreen phone party for one. Secondly, they tried to market their phone to people they shouldn't have. Rode high on selling it to teens and college students who didn't need it. They lost a lot of loyalty from the young adult and business demos as a result. When Apple came in and sniped the business demo, that was it. Apple doesn't necessarily do it better but it's a more flexible platform. Especially with companies who want their own internal apps.

 

[theevilsharpie]

On a technological front, RIM failed for a couple of reasons.

While everyone that's not a die-hard RIM fanboy already knows how this movie's going to end, RIM's not dead quite yet

 

[Dari]

Who the hell wants to sync contacts with a single computer anyway? Get those contacts in the cloud on an Exchange server or Live Mail / Gmail account...then sync w/ Exchange ActiveSync.

I do. I have emails going back 20 years from when I was in the 5th grade. I have archived all of them in Outlook. I use Gmail but who knows what's going to happen in the future. I've gone from AOL to Yahoo to road runner to university emails to corporate and military returning to corporate and Gmail. Outlook has been there through it all. It has its problems but I mitigate with multiple backups and all the tags are there.

 

[The-Noid]

On a technological front, RIM failed for a couple of reasons. They were very late to the touchscreen phone party for one. Secondly, they tried to market their phone to people they shouldn't have. Rode high on selling it to teens and college students who didn't need it. They lost a lot of loyalty from the young adult and business demos as a result. When Apple came in and sniped the business demo, that was it. Apple doesn't necessarily do it better but it's a more flexible platform. Especially with companies who want their own internal apps.

I think management (dual CEO and concentrated ownership decision structure) was just awful. There was a lot of intellectual property as well as cash generating ability and synergies even 12 months ago. RIMM should have been actively being shopped to MSFT and AAPL, instead they attempted to stay on the 'going concern' train, when obviously they probably aren't.

I can't think of any unlevered company in recent times that has done more to destroy shareholder wealth than RIMM.

 

[Ichinisan]

I do. I have emails going back 20 years from when I was in the 5th grade. I have archived all of them in Outlook. I use Gmail but who knows what's going to happen in the future. I've gone from AOL to Yahoo to road runner to university emails to corporate and military returning to corporate and Gmail. Outlook has been there through it all. It has its problems but I mitigate with multiple backups and all the tags are there.

How hard would it be to add a Gmail account to Outlook using IMAP and move your messages onto the server? Gmail's "label" system makes me never want to go back to Outlook. I created an extra Gmail account just to download my work emails so I can manage them better.

Gmail HTTP >>>> Outlook Exchange

 

[Dari]

How hard would it be to add a Gmail account to Outlook using IMAP and move your messages onto the server? Gmail's "label" system makes me never want to go back to Outlook. I created an extra Gmail account just to download my work emails so I can manage them better.

Gmail HTTP >>>> Outlook Exchange

I did that. But Gmail takes a backseat to Outlook.

 

[silverpig]

5,000 jobs axed
$512M loss
BB10 delayed until Q1 2013

RIM is dead. Lack of innovation, piss-poor management, shitty phones. So long suckas!

Pretty much. The 9900 is a good phone but the OS is old as hell.

Sad story as RIM has all the pieces needed in order to do well, they just suck at execution.