Maybe I can move the theme along after desert here:
"With a Strong Earnings Report, BlackBerry Shows Signs of Stabilizing" New York Times Syndicate June 20, 2014
OTTAWA — For BlackBerry, the announcement of a smaller-than-expected quarterly loss counts as good news. Although management stopped short of declaring a turnaround, the results suggest that severe cost-cutting and efforts to refocus might at least be stabilizing the smartphone maker.
Yeah, there is still water coming into the boat, just not as much as the ship sinks. It's amazing what delusion on the bridge can do when combined with a bu$ine$$ bullhorn pre$$.
“We feel pretty good about where we are,” chief executive John Chen told analysts.
He must have made it to a lifeboat.
Accounting adjustments let BlackBerry report a $23 million or 4 cents per share profit. Without those noncash changes, it lost $60 million, or 11 cents a share. Revenue, which had been in free fall, declined 1 percent from with the previous quarter, to $966 million.
Like a WTC tower on 9/11? Three went down you know.
Late last year, some analysts speculated the company could run out of cash before it could be revived.
Chen said during a call with analysts that he expected to end the cash drain, or even add to the company’s cash holdings, by the end of the current fiscal year.
I don't know how when you are losing money, but I'm not a financier.
Some of the biggest questions facing BlackBerry surround its phone business. Wholesale phone sales by the company rose to 1.6 million handsets, from 1.3 million in the previous quarter. But during the same period a year earlier, it shipped 6.8 million phones. Apple, by comparison, sold 43.7 million iPhones during its most recent quarter.
But is not only not a good word for a report, businesses never like hearing it in any context.
--more--"
They are obsolete, but you know....
Related: Blackberry Blue$
Can you tell I have them when it comes to this daily ritual regarding the Boston Globe?
