BlackBerry may have burned through $800 million last quarter alone

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/YMvY1mV5wm0HcM0ITkMEVg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/blackberry-10-sign-bgr.jpg (http://news.yahoo.com/blackberry-may-burned-800-million-last-quarter-alone-184555279.html)Just about everyone expects BlackBerry’s next earnings report to be a complete horror show, as the company’s fruitless effort to take itself private scared away potential customers and drove its share price to lows not seen in more than a decade. StreetInsider points us to a new research note from Bernstein analyst-Pierre Ferragu, who projects that BlackBerry burned through $800 million of its cash pile over the last quarter alone. Or put another way,-Ferragu projects that it took BlackBerry only three months to burn through 80% of the $1 billion cash injection it received from Fairfax Financial. That said, there’s a silver lining here for BlackBerry:-Ferragu thinks that things should get better for the company because, as Lennon and McCartney



More... (http://news.yahoo.com/blackberry-may-burned-800-million-last-quarter-alone-184555279.html)