go to Bloomberg TV
or my Facebook page has the video : Jack Bass – placed on Facebook today)
Aug. 12 (Bloomberg) — Antivirus Pioneer John McAfee discusses his internet privacy concerns on “Bloomberg West.” (Source: Bloomberg)
go to Bloomberg TV
or my Facebook page has the video : Jack Bass – placed on Facebook today)
Aug. 12 (Bloomberg) — Antivirus Pioneer John McAfee discusses his internet privacy concerns on “Bloomberg West.” (Source: Bloomberg)
Posted by jackbassteam on August 13, 2014
Stocks to Hold Forever
Buy them, forget about them, and never sell them
Three months ago, Marketocracy Master Mike Koza told us what Blackberry (NASDAQ:BBRY) needs to do to deliver a double. The following week, I published the second half of the the article and included the Marketocracy community’s thoughts on how Blackberry can produce the double within the next 2 years. Since our last article, Blackberry has been volatile but the stock has risen appreciably, a bit over 28%, and Mike is not selling.
. In a press release dated June 19, included these highlights:
• Cash and investments balance of $3.1 billion at the end of the fiscal first quarter, up from $2.7 billion in the prior quarter
• Adjusted Q1 gross margin of 48%, up from 43% in the prior quarter
• Reduced adjusted operating expenses by 57% year over year and 13% quarter over quarter
John Chen, Blackberry’s CEO, seems to have stemmed the negative cash flow and thereby reduced the risk that the company would have to accept a bad deal for shareholders in order to raise cash. Stabilizing the company’s cash flow is a great first step on the way to a double and in my view justifies the increase in the stock price we’ve seen so far.
The next item on Mike’s list is for the company to start growing again by focusing on the services that a security conscious professional needs in order to conduct real business.
Blackberry will never sell as many phones as Apple (NASDAQ:AAPL) because its products are not geared for users whose mobile messaging needs are mostly 3 character text messages or 140 character tweets. But while Blackberry’s core users are not as numerous as Apple’s, they value their mobile messaging service highly and are willing to pay a premium for it because it enhances their ability to conduct business.
Apple recognizes the attractiveness of the security conscious professional market because they recently announced a joint venture with IBM (NYSE:IBM) to go after it. The threat of Apple and IBM taking market share away from Blackberry in their core market is a new development that needs to be monitored.
It is too early to tell if John Chen will be successful in growing the business, but he is already taking some needed steps. On July 21, Chen hired Marty Beard (who he worked with at Sybase) to be his new COO. John Chen can’t rebuild Blackberry on his own. His success depends on getting great people to join his team. The fact that someone with Marty Beard’s background and credibility would risk his career to join Blackberry at this time is a big vote of confidence for John Chen’s plans for Blackberry.
When a stock moves up 28% in a few months, it is tempting to sell it and lock-in a gain. But the stock market does not offer many opportunities for doubles so routinely selling stocks just when the market is starting to agree with your investment thesis is a sure way to cut your winners off before they come to fruition thereby generating a poor long-term investment track record.
Great value investors like Mike Koza do their homework so when events start to play out in their favor they have the confidence to hold on for bigger gains, and the track record to back up their confidence.
Posted by jackbassteam on August 1, 2014
BlackBerry Ltd. (BBRY), pushing further into security services, agreed to buy Secusmart GmbH, a provider of anti-eavesdropping technology whose clients include German officials such as Chancellor Angela Merkel.
Secusmart, a Dusseldorf, Germany-based company that already had a partnership with BlackBerry, makes voice and data encryption for mobile phones. Financial terms weren’t disclosed. The acquisition is BlackBerry’s first since the hiring last November of Chief Executive Officer John Chen, who vowed to cut losses by focusing on services to corporations and governments.
Now, having stabilized the Waterloo, Ontario-based company, Chen said in an interview yesterday that he’s laying the groundwork for hiring and sales growth. With Secusmart, BlackBerry aims to capitalize on demand for spy-proofing technology in the wake of revelations about U.S. government surveillance tactics, including allegations that Merkel’s mobile phone was tapped.
The deal is still subject to regulatory approval. Chen said he’s confident Germany will approve the sale, especially since the government already uses BlackBerry phones and software.
At a time of backlash against U.S. companies, including the German government’s decision not to renew a Verizon Communications Inc. contract, Chen said it doesn’t hurt being a Canadian company.
“Canadians are very neutral, as you know,” said Chen, who grew up in Hong Kong and is a naturalized U.S. citizen. “Canadians always do business with everybody else and it’s fine.”
Germany’s government has already distributed about 3,000 encrypted smartphones made by BlackBerry to federal officials, and has plans to order more such devices, Tobias Plate, a spokesman for the Interior Ministry, said yesterday at a news conference in Berlin.
Last month, Germany’s top prosecutor said it would start a formal investigation into whether U.S. intelligence agents tapped Merkel’s phone. The White House has said agents aren’t spying on Merkel and has pledged not to do so in the future.
Chen’s goal is to return BlackBerry to profitability by the company’s next fiscal year, which ends in March 2016. The company is seeking to counter declining demand for its phones by focusing on supplying software and hardware to customers in regulated industries such as finance, government, health care and law, which have higher standards for security and risk management.
BlackBerry announced plans to fire 4,500 employees, or a third of its workforce, less than two months before Chen took over as it tried to streamline the business for a buyout deal that eventually fell through. As the turnaround plan unfolds, Chen said he’s ready to start hiring again, with a focus on sales, software development and customer care.
“I have a plan to start slowly adding headcount into the company, and now we’re in that phase,” Chen said.
While BlackBerry shares are up 34 percent this year through yesterday with Chen at the helm, other technology companies are eyeing the same corporate niche he’s going after. BlackBerry fell less than 1 percent to $9.91 at 10:33 a.m. New York time.
This month, Apple Inc. and International Business Machines Corp. said they would work together to develop mobile applications for businesses. BlackBerry dropped 12 percent the day of the announcement.
“I’m paying a lot of attention” to the partnership, Chen said. “I’m giving them due respect that they could get something done, although they’re going to have to come from way behind,” he said.
Part of his plan to stay ahead might include acquisitions, he said. Areas BlackBerry is interested in include server technology and identity management, Chen said.
Still, he said he’s being careful not to risk too much in potential deals.
“It’s not, ‘Because the future is so bright, I’ve got to bet the farm,'” he said. “I’m a very safe, conservative guy.”
Posted by jackbassteam on July 29, 2014
Looking for a stock that might be in a good position to beat earnings at its next report? Consider BlackBerry Limited (BBRY), a firm in the Wireless Industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, BBRY has beaten estimates by at least 55.0% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, BBRY expected to post a loss per share of 56 cents per share, while the company posted loss per share of 8 cents, a significant beat. Meanwhile, for the most recent quarter, the company looked to deliver loss per share of 27 cents, when it actually saw loss per share of 11 cents instead, representing a 59.3% positive surprise.
Thanks in part to this history, estimates have been moving higher for BlackBerry. In fact, the Earnings ESP for BBRY is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for BBRY, as the firm currently has a Zacks Earnings ESP of 59.9 %, so another beat could be around the corner.
This is particularly true when you consider that BBRY has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that BBRY could see another beat at its next report, especially if recent trends are any guide.
Posted by jackbassteam on July 25, 2014
” In Talks ” drives the market players back into BBRY.
Please share this article with others
By Daniel Thomas, Financial Times Telecoms Correspondent
ll almost five per cent last week after IBM said it would work with Apple to sell iPhones and iPads loaded with applications for business users. The tie-up was seen by analysts as a direct challenge for customers that use BlackBerry’s enterprise services.
IBM is planning more than 100 apps targeting industries such as retail, healthcare, banking, travel, transportation and telecommunications, with a focus on security and mobile device management.
Mr Chen has also focused BlackBerry on driving enterprise sales in similar areas since joining as chief executive last year, using its market leading security software combined with devices, servers and messaging services.
Mr Chen said that the partnership between Apple and IBM was both good and bad news for BlackBerry. He likened the tie-up to when “two elephants start dancing”, adding that it would be interesting to see how they worked together given both companies “are used to taking charge”.
“The IBM-Apple tie-up validates what is a huge market,” he said. “[But] the bad news is that you are waking up two giants. It’s competition but it’s good competition and we are going to be more nimble. You don’t want to be a strong guy in a market that is not growing.”
Mr Chen said that BlackBerry was in talks about its own partnerships. “I am working on some, and maybe we will collaborate with others. If I focus on security and identity management then we will be a good solid partner in this enterprise world.
“I am not afraid of competing when I know I am more nimble. I never think [that] going alone is the right strategy. But we have a value add that no one else can do.”
Mr Chen said that BlackBerry was out of danger having almost completed its restructuring. BlackBerry will focus on enterprise customers rather than the consumer business for now, said Mr Chen.
Consumer sales of BlackBerry phones for have fallen, with less than 2 per cent market share in many Western markets, according to Kantar, the research group.
Mr Chen said that even forthcoming handsets such as the square-shaped Passport – which is expected to be released in September – were geared towards being used by enterprise customers in core “regulated industries” such as financial services and healthcare.
Posted by jackbassteam on July 24, 2014
The upcoming BlackBerry Passport is certainly one of the most unorthodox devices currently in the rumor mill. Packing a square screen with a resolution of 1440 x 1440 pixels, the Passport is probably the last chance for the troubled company to save itself.
The smartphone was already showcased by BlackBerry’s CEO himself, but outside of some live shots and vague specs info we didn’t get to learn much about it back then. Now however, a leaked video shows the BlackBerry Passport in action, demonstrating its UI and some of its cool new features.
A particularly impressive feature is the touch-sensitive three-row QWERTY keyboard that doubles as a trackpad. It gets its time in the spotlight towards the end of the video.
The BlackBerry Passport will launch in September at an yet unknown price.
BlackBerry Passport discussions are flooding the web, and now a new hands-on video reveals the specifications and features of the upcoming device.
BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)’s much talked Passport smartphone video has surfaced online following the multiple pictures that stormed earlier revealing specs and form factor of the phone. The video, also, shows the specs and features of the device in action.
The hands-on video has been uploaded by YouTube by an Arabic source. As per the video, the new device is designed using plastic and metal. On the USP front, the video reveals that the Passport is the first BB10 device with a three-row keyboard, which has a touch-sensitive input support. The source, also, revealed that apart from the personal voice assistant, the new device could also have improved video player and browser.
The new smartphone from the house of BlackBerry is expected to launch in September with an updated version of BlackBerry mobile OS, BlackBerry 10.3. Other specifications of the phone are 4.5 inches square display with a resolution of 1440×1440 pixels along with a three-row QWERTYkeyboard.
BlackBerry Passport will be powered by a quad-core Qualcomm Snapdragon 801 processor with a clock speed to 2.5GHz. The new device will have 3GB of RAM and 32GB included storage. The device will sport a front camera of 3.7 megapixel, and rear camera is expected to be of 8 megapixels. The handset will sit on 3450 mAh battery, 200,000 Android apps through the Amazon app store with over
BlackBerry 10 is touch friendly, but Passport is a step ahead with a slim keyboard for alternate keys and shortcuts, as well as trackpad/mouse for toggling and controls. With the help high resolution track-pad user will be able to offer better movement, precise control compared to only touchscreen phones.
Passport smartphone will be able to show 60 characters in a line, in comparison to most academic textbooks that show 66 characters in line and rectangular phones show just 40 characters in a line. So, the Passport can be easily used for reading e-books and surfing the web. Also, there is no such thing like optimizing the view by tilting the screen as Passport can offer optimum view of the content displayed horizontally or vertically.
CEO John Chen notes that Passport is made specifically for the businessmen keeping in mind what they want from a phone.
Posted by jackbassteam on July 21, 2014
The recent news that Blackberry quickly sold a 25,000 allotment in India hardly seems significant – but it is significant to the future of Blackberry.
It seems that the Indian smartphone industry will continue to outperform globally. With the introduction of several low-cost smartphones and discounted data tariffs, smartphone shipments in the country surged 244% during fiscal year 2014, according to India-based Manufacturer’s Association of Information Technology.
The industry body, going forward, estimates the Indian smartphone industry will double in size during fiscal year 2015; gradually increasing 3G penetration rate and the introduction of next-gen 4G network will compel consumers to upgrade their smartphones. Let’s see what Apple(NASDAQ: AAPL ) , Blackberry (NASDAQ: BBRY ) , and Nokia (NYSE: NOK ) are doing to capture this explosive expected growth.
Long-standing premium smartphone vendor Apple is globally known for its expensive but high-quality products. And to grab a substantial market share in India, Apple is trying to boost its affordability-factor among middle-income Indians.
For instance, Deutsche Bank recently found that iPhone 5s has been priced — in terms of U.S dollars — lower in India than several other international markets. Plus, the 8GB iPhone 5c variant, under a promotional buyback scheme, is currently available for about $490 in the country — down from its launch price of $625.
This kind of strategic pricing, along with Apple’s aggressive advertising campaigns in popular Indian media outlets, seems to have contributed immensely toward the smartphone vendor’s growth in the country.
Tim Cook recently noted, “[During the second quarter of fiscal year 2014] iPhone sales grew by strong double-digits year-over-year, and in India and Vietnam sales more than doubled.”
Needless to say, Apple India is doing a commendable job. Going forward, if speculative reports are to be believed, the upcoming iPhone 6 will be priced lower than the current iPhone 5s. In that case, the increased affordability factor might as well contribute in boosting Apple’s growth in the country.
Apple India had a 1.7% volume-based market share in the quarter ended December, according to IDC.
Expanding product line
Nokia, on the other hand, is aiming to reach a broad spectrum of consumers. For instance, its Lumia range consists 14 smartphones within a price band of $140-$700. Its latest Android-based X series currently offers three smartphone variants priced between $120-$190.
The Finnish giant recently added Lumia 630, 635, 930, and Nokia X2 to its already diversified product portfolio.
Market tracker CMR estimates that smartphones selling within a price band of $250-$330, represent about 8% of the total smartphone sales in India. This suggests that Nokia’s wide range of smartphone offerings are favorably priced and well-positioned to lure a huge base of budget-conscious Indian consumers.
Nokia India enjoyed a healthy 17.5% volume-based market share during the first quarter of fiscal year 2014, according to CMR India.
Entering the budget-friendly territory
Even Blackberry appears to be showing some promise lately. The Canadian smartphone vendor had slashed its Z10 prices by 60% in past February, under a 60-day limited-period offer. Shortly after, the company ran out of Z10 stock. But now that the promotional period is over, Blackberry hasn’t rolled back its prices.
The financially troubled smartphone giant also slashed its Z30 prices by 15% last month under a limited 60-day promotional offer. Gauging by Z10’s recent pricing history, however, it is highly unlikely that the smartphone vendor will roll back its prices.
In addition, Blackberry recently introduced its latest OS 10-based Z3 in India. Priced at about $250, the Z3 provides competitive hardware and a phablet-experience to budget-conscious consumers.
This kind of strategic pricing should, in theory, contribute in winning back some of Blackberry India’s lost market share — which stood at 0.83% during 2013.
Foolish final thoughts
India is the third largest and the fastest growing smartphone market. And to capture this explosive growth potential, Apple, Nokia, and Blackberry are competing on price. Investors, therefore, might want to keep a close eye on how their marketing campaigns contribute in boosting their market share.
Leaked: Apple’s next smart device (warning, it may shock you)
Apple recently recruited a secret-development “dream team” to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple’s gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors.
Posted by jackbassteam on July 15, 2014
With a 4.5-in square display, the new BlackBerry (BBRY) Passport doesn’t look much like other smartphones. The company unveiled the new device this week, hyping up its suitability for reading spreadsheets, e-books and other documents. It is expected to debut in Sept. In other news, Apple (AAPL) patented a method for building seamless all-glass devices using glass-fusing technology. BlackBerry shares rose 4.2% to 11.40. Apple rose 0.04% to 95.39
BlackBerry officially unveiled a new phone this week with a very unusual screen shape — it’s perfectly square.
The BlackBerry Passport features a “unique 4.5-inch square screen with full HD capabilities,” said a post on the company’s official Inside BlackBerry blog earlier this week, which included photos of the device.
It has a separate keyboard below the screen, like traditional BlackBerry smartphones, but it contains only letters, not numbers or punctuation.
The square screen gives it similar viewing space to a phone with a rectangular screen that measures five inches across the diagonal, and allows it to show 60 characters on each line, instead of the 40 on most rectangular smartphone screens, wrote Matt Young, author of the blog post.
“Academic research has shown that the optimal number of characters on a line in a book is 66 characters,” he said.
He added that users will also no longer have to worry about whether the phone is in portrait or landscape orientation for optimal viewing of documents, spreadsheets or images, making it ideal for professional users such as architects or doctors.
The Passport was first announced by CEO John Chen during an earnings report in June, when he said there would be an official launch in London in September, the technology blog MobileSyrup reported at the time. Since then, various photos of the device have been floating around the internet.
At least some tech watchers seemed open to the idea.
“The Passport could help BlackBerry reconnect with its traditional business and government customer,” wrote Ben Fox Rubin of the technology news site CNET, “though some may still be wondering whether a square phone will fit in their pockets.”
Those commenting on the official blog post had mixed responses.
“In my mind this could quite possibly the best phone design ever,” gushed a user named Roy Whitney.
Another user called OWC wrote, “No thanks. I miss the alt and shift key!
Investors Reaction – with the DOW off 100 points :
|Open||11.09||P/E Ratio (TTM)||–|
|Last Bid/Size||11.58 / 69||EPS (TTM)||-11.39|
|Last Ask/Size||11.59 / 24||Next Earnings||26 Sep 2014|
|Average Volume||22,350,378||Dividend Yield||0.00%|
|Day High||11.60||Ex-Dividend Date||–|
|Day Low||11.02||Shares Outstanding||526.9M|
|52 Week High||12.18||# of Floating Shares||500.0557M|
|52 Week Low||5.44||Short Interest as % of Float||19.19%|
Posted by jackbassteam on July 10, 2014