Hacker News new | past | comments | ask | show | jobs | submit login

The company appears to have the financial wherewithal to last for quite a while as it attempts a turn-around.[1] So I expect them to continue trying with the existing business model for at least a few more quarters before they give up and join the Android bandwagon or sell their soul to Microsoft like Nokia.

[1] The latest financial statements at http://press.rim.com/content/dam/rim/press/PDF/Financial/FY2... show that the company ended the quarter with close to $1,467 million in cold hard cash and $780 million in investments, and no debt (page 8). Moreover, all of the reported loss came from non-cash accounting write-offs and accelerated amortization; the company's combined cash and investments actually increased during the quarter, from $2,111 million to $2,247 million (page 9) -- that's right: they ended the quarter with more money than they started!

The market is pricing the company with the expectation that the cash will be gone in the future. It sounds like the cash position may start to decrease in the next quarter.

Their subscriber base also grew from 77 M to 78 M. Their market share dropped, but isn't that because the market grew?

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact