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I’ve carried a blackberry for 12 years.
Why?
First off it was the phone my previous company told us we had to use when we entered the email age in the late 90s (yea we were a little slow rolling out technology).
But now I work for a different company and for the last 5 years I’ve still carried one because of all the other PDA/ Smart phones I’ve ever tried, it’s the only one that I can bang out a 3 sentence e-mail on in less than 5 minutes. That’s important to me and the 80 million other people still carrying blackberries around the world ( at least that’s what RIMM says the user base is in this article)
And the reason I can actually type a message on a berry is the ingenious little QWERTY pad that they invented and perfected. (If you ever wondered why it’s called a QWERTY just read the top row of letters on the berry or your keyboard). I’ve tried Apple and Android (Samsung and HTC) touch screens but never felt close to being able to work it like that stupid little keyboard. It’s why I have a love hate relationship with my Berry – I love it as an e-mail device (which is Job #1) but it sucks balls as a smartphone.
So it was with hope and trepidation and read that article – on the release of the new Blackberry 10 slated for early next year. Did they get it right? or will it be yet another piece of shit that does e-mail very, very well? – I don’t know but I’m willing to give it a try
Since this is IBC the Mother of all Stock sites, I should mention RIMM as an investment, or maybe more accurately a trade. There’s going to be buzz about BB10, and add in the rumors of IBM or amazon acquiring the enterprise services group .
It’s currently a dollar (14%) off it’s 52 week / 3 yr. low at $7.56. and the overhead supply of money losers is staggering. On the flip side, 18% of the float is short so if BB10 actually is something I could see a nice squeeze developing quickly.
First things first it would have to bust through that 17 week EMA and it’s acted as a ceiling throughout the entire 15 month avalanche that saw it shed 90% of it’s value
3 Responses to “RIMM Buyout Rumors – New Blackberry 10 / Dead Money or Comeback Kid? Chart”
zenhunter
Good thesis. I’ll keep an eye on RIMM chart pattern. Thanks for the head up.
The Equalizer
Why yes, the volume pattern in RIMM during 3Q10 and 1Q11 is fascinating, and while it’s hardly a climactic blow-off top, it does correspond with peak investor interest in the name. Why do you ask?
MX2101
I have a personal Samsung Android and a employer provided Blackberry. The BB feels like a solid piece of hardware. It has excellent cell phone audio quality. Very easy to use, intuitive menu for business and phone calls. The Internet browsing experience is, of course horrible.
As I understand it, BB uses the Verizon Wireless infrastructure. If this is correct, they are provisioned differently. When I was clinging to my Verizon clamshell phone, signal strength degraded down to nothing, while the BB remained solid at 3 to 4 bars. The same radio network…
My take on this is Verizon had no problem manipulating me off the clamshell platform, but they did not mess with the service provided to their BB client.