Newspaper Digest (Blog)
Is Blackberry About To Announce a Smart Watch?
March 28, 2015
by Newspaper Digest at Newsrip
UPDATE: Blackberry reported earnings for Qrtr 4 ending February 28, yesterday. They suprised on earnings, but revenues were down.
JP Morgan last week poured ice water on hopes for a hot 4th quarter for Blackberry even though the report only covers the first couple of weeks of the 1st quarter of the year ending 2016. The 4th quarter 2015 ended February 28. Traders have been watching Blackberry (nasdaq:BBRY) closely. BBRY closed at about $9.30 on Thursday. 'Turn around stocks', as Peter Lynch famously labeled them in his book, One Up On Wall Street, attract speculation and emotion, even on Wall Street, where trading on emotion is shunned, but where even some traders get excited about an underdog trying to get back on its feet. The potential rewards for investing in a turn around stock are great. Back in the 1990's another company named after a fruit was a brand on it's way out. Any one who invested in Apple before it began designing and building ipads and iphones has done very well.
In the glare of the turn around spotlight, is Blackberry about to announce a watch?
Blackberry CEO John Chen has a good poker face. At times he grins merrily, chuckling almost. At the same time, when grilled for info, he is succinct and doesn't waste words. He has launched several new phones, the Passport, Classic and Leap. According to JP Morgan's note last week, wherein Morgan reiterated a price target of $7, Blackberry has sold only 8000 Passports and Classics in the current quarter 1, 2016. Morgan's analyst reminded us that the company quickly sold 200,000 Passports when they first went on sale at shopblackberry.com and at amazon.com at the end of September, 2014. Blackberry continues to sell some of its older phone models at reduced prices, especially overseas, and begins selling the Classic in Indonesia this week at $430. The Classic began selling in the U.S. December 17th. At the end of February 2015, ATT and Verizon began selling the new handsets with contracted service in the typical way. I went into a Verizon outlet and an ATT outlet last week and asked to see a Blackberry. The Verizon outlet didn't have any but said they could order the Classic (but not the Passport). The ATT dealer didn't have any and couldn't order one. "Why?" I asked. "Its an ATT thing." she said. I'm assuming I have to order it myself at att.com. Morgan's numbers, which only depict about fifteen days, are disturbing if they mean the phones aren't selling bundled with service at a low initial cost. Is it possible the Passport hasn't sold because there aren't any? Is it an inventory thing? Based on the numbers for the most recently reported quarter (ended November) the company is no longer bleeding cash. Which is bullish, but could change. Chen is betting the company's future on enterprise (business and government customers) software sales and services, and on the firm's solid record in network security. But JP's comments two days ago went so far as to cast doubt about Blackberry's supremacy in enterprise and security, at least amongst enterprise customers it spoke to. Some analysts like Apple, partnered with IBM, in the enterprise space.
In 2014 Blackberry acquired Secusmart, a German internet security firm. Blackberry obtained about 27 new patents in 2014. A report in January that Samsung was buying Blackberry launched the stock to $12.50 for a couple of hours. The rumor coincided, almost to the minute, with the stock ... Full Article
Will Twitter Buy Yahoo?
Will Twitter Be Bought?
Due mostly to statements January 6 by former interim Yahoo CEO, Ross Levinsohn, claiming Twitter should buy Yahoo, and why it would be a good marriage, speculation about a Twitter and Yahoo union has grown recently, . Newsrip speculated about this possibility back in August, 2014 in a Special Report. At the time, we considered Yahoo buying Twitter a more likely scenario, especially if Twitter's stock price and capitalization did not appreciate to the $50 or $60 range, a range some analysts have been airing for awhile. Either way, by whatever name, a union might resemble a merger more than a sale, with Twitter paying stock and some cash for what's left of Yahoo, absent it's lucrative Alibaba stake.
One area Twitter with Yahoo might be mutually beneficial is in search, especially news search. A few days ago, Statcounter, a web usage analytics firm, said Yahoo's share of internet search rose from 8.6 percent in November to 10.4 percent in December.
The Soul of Hopper:
"Here I am, a Hopper subject, alone in a hotel room. Near a window. A common Hopper set up."
HP Sprout PC:
The protruding projector on Hewlett Packard's Sprout PC is exciting for a number of reasons. PC sales (remember them?) were the only revenue segment that grew in Hewlett Packard's third quarter. HP reported earnings on November 25. CEO Meg Whitman said the company, which is splitting into two companies in 2015, will benefit from a predictable cycle of existing PC replacements in 2015-2016. PC industry watchers have been predicting flat or slowly declining PC sales worldwide, indefinitely, for sometime. The company touted its Sprout PC as well. ... So far, reviewers are impressed, though they've experienced a few fixable bugs. The unit comes with several apps and that number will grow. The projection technology seems a game changer and heralds in an array of future possibilities not just for PCs but for mobile devices and smart watches. ... Full Article..
Bill Cosby's Accusers Grow
This time press coverage follows.
Traditional news media and legacy newspapers failed Bill Cosby's accusers a decade ago and there may only be hollow vindication for them now, catching up with him at age 77 when he is old and tired. As a performer, however, Bill Cosby is still active and his almost heroic patriarchal persona was on the verge of resurrection in an upcoming NBC sitcom when he was sucked up in the media storm he's in now. There's power in numbers and in pattern and his accusers and their accounts of what they say he did to them have both. Then there's this: 'Spanish Fly', a mysterious concoction Cosby discusses in comic routines and in an interview in the past is slang for rape drug, according to unofficial sources we've unearthed.
Alibaba Website Traffic Down, But...
Website traffic to Alibaba.com recently dipped heading into Alibaba's IPO tomorrow, after rising in July, August, and early September, according to Alexa.com. Full Article..
Newsrip Special Report:
I Want My Smart TV
Twitter, Facebook, Google, Yahoo
The race for video gold.
Is Ronaldo Really Injured?
World Cup, Brazil
U.S. Home Market Heats Up
A Manhunt on Twitter
Hackers for Hire
Breaking News Worldwide:
Tweets about "#breaking news"
Home    About    Policies    Contact
Copyright 2005-2014 by Newsrip.com. All Rights Reserved