BlackBerry’s long, hard slog back to respectability

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/1O4PgTeDZxanA7sSmzptGQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/blackberry-hq.jpg (http://news.yahoo.com/blackberry-long-hard-slog-back-respectability-163655401.html)BlackBerry’s fourth-quarter earnings were markedly better than expected, with its loss of $0.08 per share-a share significantly better than the consensus estimate of a $0.67 loss per share. At first glance, that would be a huge improvement, but when you drill down further, the company still has a long way to go towards getting anywhere close to where it once was in the mid-2000s. For the fourth quarter, BlackBerry only generated $976 million in revenue, a far cry from the $1.13 billion analysts were expecting. To make matters worse, that’s down 18% sequentially, and 64% year over year. Those aren’t exactly numbers that would make anyone brag about. To make matters worse, the company is still spending cash, having drawn



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