“Short sellers aren’t showing much faith in Research In Motion’s [sic: RIM is no longer; read: “BlackBerry’s”] turnaround story,” Steven Russolillo reports for The Wall Street Journal. “As the stock has more than doubled in price since September, short sellers have been piling in, betting the company’s fortunes will again fade. With earnings scheduled for before the opening bell Thursday morning, BlackBerry bears are in for an important test.”
“The percentage of [BBRY] shares on loan — a proxy for short-selling activity — stands at about 30% of the combined Canadian and New York stock listings. That’s nearly a record high for the BlackBerry maker, data from securities financing tracker Markit show. Short sellers borrow shares in hopes of buying them back cheaper at a later date, aiming to profit from a price decline,” Russolillo reports. “Last Friday’s launch of the newest BlackBerry device underwhelmed investors, prompting a downgrade from Goldman Sachs which weighed on the stock.”
Read more in the full article here.
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Beleaguered BlackBerry shares drop 7% as Z10′s U.S. launch gets subdued reception – March 22, 2013
Gartner: Beleaguered BlackBerry in an ‘extremely difficult’ spot – March 19, 2013
Why the Z10 won’t save beleaguered Blackberry – March 11, 2013
I’d rather see blackberry survive than android thrive…
This is about making money and not the company’s technology or management. Buy PUTs and join it.
I dont think the market can be profitable for more than 3 OSes. As we see in a PC market, there is only OS X and Windows winning. In Smartphone – I think that only Windows Phone, iOS and Android will be winning. Forget about Tizen, no one will license the SDK from Samsung, just like no one uses Exynos chips, except Samsung itself. The BB I think it will die in near future.
While I agree that blackberry will die, it’s not inevitable that only 2 or players can compete in the handset space, it is orders of magnitude larger than computers with more people in the world having access to cell phones than toilets.
Let’s not forget Linux. Total domination of the server market and in my office, which is large, it is on about 75% of the desktop machines (Ubuntu).
Also, the mobile OS dynamic is very different from the PC market. Also it is a different era. Remember back in the day people were both awed and afraid of their computers. The fact that a Mac didn’t have a Start menu was confusing. Now nobody cares about the little differences in the OS. As long as it works, it’s fine. Brains have adjusted. Children use phones and iPads. It’s really all about features now, and often this is manifested through app selection.
Also, compatibility is not really an issue anymore. Remember when people felt they couldn’t live without Word. The idea that a Mac (or Unix) computer didn’t run Word was a huge deal. Much of that has faded into the background now.
People are more technical and dives less technical.
So just trying to say, that the mobile OS race is nothing like the PC OS wars of the past – in my opinion!
Mac computers ran Word before Windows ran it. MS first produced Word for Mac, then ported it to Windows.
Likewise for Excel (which MS bought) and PowerPoint (which MS also bought). For that matter, MS bought what they re-labled as MS-DOS.
Come on Blackberry, keep at it and feed these ney-sayers crow. We need another horse in this race. Obviously Apple is untouchable, and rightly so as they blew up the lame mobile phone market 2007. But the Android and non-existent Windows phone market are ripe for the plundering. Make Blackberry cool (or at least not laughable) again!