The Market Ticker
Commentary on The Capital Markets- Category [Earnings]
2015-03-29 11:28 by Karl Denninger
in Earnings , 178 references
 

So to answer the questions on what I think of the firm's earnings report: Nice, in a word.

Let's remember one thing right up front: BlackBerry's CEO has said one thing about the firm's forward guidance -- they would be earnings-positive in this (now) fiscal year.

Now in context: They achieved a profit instead of a loss this last (last quarter of previous fiscal year) reporting period.

At least as important, they did so on a cash-flow basis -- not "after items."  Companies that have positive cash flow are not in financial trouble and this was confirmed by the company's cash balance, which increased.

Further the hardware sales are profitable, so there's nothing to whack off that is losing money.

I want those of you who have taken shots at this firm over the last several years to answer one question: Chen has now put forward several statements as to what he would do, and he has done them.  When do you stop attacking a guy who says "I'm going to do X" and then he does it -- ahead of or on schedule?

As for the firm's hardware prospects I believe that the first time a truly ugly security breach is traced to either Android or IOS on a mobile device, and I firmly believe this will happen in due course, you're going to see an utterly-enormous and immediate move in the corporate space to the only secure alternative that can also run Android apps.

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