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Our eight shares of Research in Motion are actually plummeting almost 70%.
Since last year -- their lowest level.
It over eight years this after it posted a quarterly loss of more than 500 million dollars and delay the laziness next Blackberry -- -- JP securities -- Los Angeles what -- outlook let's talk about what a black guy who was this is in your opinion -- -- It was another embarrassment the company seems continually find new and innovative ways to embarrass itself I think.
One of the big big damages that was done on the quarter was the CEO but Thorsten -- having only recently said the Blackberry ten was on schedule.
Now wreaking acting on that and saying it's going to miss this year's holiday season -- next year.
So a lot of trouble -- for the Blackberry maker I think that the company itself.
Won't be around.
As Blackberry and and a few years that the but I do think that there is something intrinsic value still left in shares of Research in Motion if you can find ways to harvest -- Yeah did you hold on the -- and I wanna ask you about that also the fact that why did they -- that the Blackberry ten I mean we know what's going -- the company does not worry you a little bit of their making promises in the kind of backing off.
Execution has been one of the perennial problems for this company is coming home to roost again.
And I think that that's why the company can't go it alone that it needs to find a strategic out either an outright acquire.
Or somebody to come in and help that lever its IP you know the company still has its network infrastructure -- -- system.
Still has the best push mail technology in the market place has great security features so there is some value still left in research and.
You're not the first analysts had to bring up that idea of somebody coming in and buying Research in Motion and how do you think we'll be the most.
Likely candidate to -- the company.
I think there -- a number of potential acquires -- -- first and foremost I think corporate raider could come in at these levels.
And make money off just just harvesting what's left of the Blackberry brand and it's you know still selling about ten million units a quarter.
But I think if we look -- -- it OEM such as a Lenovo.
Could derive some value from the company you think about the android community the new Blackberry ten system is a Linux kernel.
Android you know for for Google it would be a rounding error in the balance sheet to take out Blackberry right now and then have access to that push mail service -- -- -- number of strategic.
Potential partners out there.
-- -- -- problems risen promotion and this is been brought up for upfront frankly especially the last year is that many companies now are switching to the iPhone even the iPad.
And at risk of a -- the other bread and water other cake if you will.
What was US companies you know Canadian companies in particular what happens at these companies begin to make this -- -- masked because they see the weakness of -- promotion.
And they're worried about the company's -- And Sheryl I don't think it's what happens its what's happening so.
The BE YOD phenomenon is already in full force in the companies feeling the pain of that.
That's why it's laying off some 5000 people almost a third of its workforce so that's already a foregone conclusion.
I think what you do bring up it's interesting is that success of apple.
I don't know it's so much what.
What Research in Motion has.
Done itself that's more what it's failed to do what it's competition's -- and think about some of those other OEMs.
They could be next so if you think about a Lenovo that's already trying to compete with you know -- books that they could use some help.
From the IP that Research in Motion has so that's that's another facet of the story.
Alex Scott thank you very much for via analysis Alex thank you for -- Earlier.