It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Blackberry rises from its grave Blackberry rises from its grave
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Blackberry rises from its grave
Thread Tools
Old 15th March 2013, 06:35   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 114,469
Stefan Mileschin Freshly Registered
Default Blackberry rises from its grave

It is starting to look like Blackberry might have pulled itself from the brink of ruin after all.

The company's share price has surged after an established partner had placed an order for 1 million BlackBerry 10 smartphones, with shipments set to begin immediately.

The smartphone maker, formally known as RIM, said it is the largest ever single purchase order in its history. It is the sort of news the company needed after a couple of years of failing to do anything positive in a market it once owned completely.

In a last roll of the dice, Blackberry rolled out a a new line of smartphones powered by its BlackBerry 10 operating system.

BlackBerry did not say where its "established partner" was based or the time frame for the device sales. It also did not say if the order is for just Z10 devices or both Z10 and Q10 devices.

According to Reuters, analysts view the announcement as a positive, especially since it comes close on the heels of announcements from Verizon Communications and AT&T confirming that they will be selling the Z10 device later this month.

Wells Fargo analyst Maynard Um said that the three announcements provide comfort in the May quarter forecast.

Um hit the headlines when he claimed that the stock will outperform as Blackberry sells 2.5 million Blackberry 10 devices in the quarter ending 1 June.

Blackberry's stock ended the day up 8.2 percent and you can pick up a second hand share for $15.65 on the Nasdaq. Its value went up further and was trading at $16.07 in the US last night.

Other analysts were less optimistic, saying that it was too early to read too much into the single sales order.

Last week, Blackberry chief executive Thorsten Heins said the company was very encouraged by the traction that the Z10 was gaining.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
BlackBerry 10 launched, BlackBerry Z10 and Q10 to lead the charge Stefan Mileschin WebNews 0 31st January 2013 07:28
Android malware rises threefold in second quarter Stefan Mileschin WebNews 0 17th August 2012 07:57
The Dark Knight Rises triumphs once again Stefan Mileschin WebNews 0 13th August 2012 07:30
Steve Jobs' ghost in grave contempt Stefan Mileschin WebNews 0 20th July 2012 06:30
Nintendo prepares to kill off Aqua Blue 3DS, dump it in a watery grave Stefan Mileschin WebNews 0 14th May 2012 07:59
Steve Jobs controls Apple from beyond the grave Stefan Mileschin WebNews 0 11th October 2011 06:44
Noctua NH-C12P: A Top-Down Cooler Rises Up jmke WebNews 0 17th June 2008 08:52
Microsoft profit rises on PC demand Sidney WebNews 1 25th October 2007 21:21
AMD readies some price rises jmke WebNews 0 24th March 2006 10:17

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 04:31.

Powered by vBulletin® - Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO