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   Technology StocksBB: BlackBerry (fka RIMM: Research in Motion)


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To: Sultan who wrote (1159)6/23/2017 7:27:23 AM
From: kidl
   of 1227
 
BlackBerry's Q1 earnings rise to $671-million (U.S.)

BlackBerry Ltd (C:BB)
Shares Issued 531,475,629
Last Close 6/22/2017 $14.66
Friday June 23 2017 - News Release

Mr. John Chen reports

BLACKBERRY REPORTS PROFITABILITY IN FISCAL 2018 FIRST QUARTER

BlackBerry Ltd. has released financial results for the three months ended May 31, 2017 (all figures in U.S. dollars and U.S. generally accepted accounting principles, except where otherwise indicated).

Q1 Highlights

Q1 non-GAAP total revenue of $244 million; GAAP total revenue of $235 million Q1 non-GAAP Company total software and services revenues of $169 million; GAAP Company total software and services revenues of $160 million Q1 non-GAAP gross margin of 67%; GAAP gross margin of 64% Total cash balance increased to $2.6 billion at the end of the fiscal first quarterAwarded $940 million from the positive outcome of the Qualcomm arbitration Launched AtHoc ACCOUNT, a new FedRAMP-authorized solution that enables government agencies and large organizations to account for personnel in real time; BlackBerry AtHoc is the only platform to achieve FedRAMP authorization for crisis communications TCL initiated shipments of the BlackBerry KEYone, as part of the Company's licensing program BB Merah Putih initiated shipments of the BlackBerry Aurora, as part of the Company's licensing programLaunched BlackBerry SHIELD, an assessment tool for cybersecurity risk management; partnered with Allied World to make the tool available to its cyber insurance policyholders After the quarter, launched QNX Hypervisor 2.0, which enables the partitioning and isolation of safety critical environments in connected cars After the quarter, announced that Qualcomm is adopting QNX Hypervisor 2.0 in support of its digital cockpit solutions After the quarter, BlackBerry named a "Leader" in the Gartner Magic Quadrant for Enterprise Mobility Management Suites After the quarter, announced the general availability of BBM Enterprise SDK to address the Communications Platform as a Service (CPaaS) market; more than 60 ISVs are using the tool to develop mobile apps for iOS and Android Q1 Results

Non-GAAP revenue for the first quarter of fiscal 2018 was $244 million with GAAP revenue of $235 million. Approximately 79% of first quarter software and services revenue (excluding IP licensing and professional services) was recurring. BlackBerry had over 3,000 enterprise customer orders in the quarter.

Non-GAAP operating income was $14 million, and non-GAAP earnings per share was $0.02. GAAP operating income was $536 million. GAAP net income for the quarter was $671 million, or $1.23 per fully diluted share. GAAP net income includes $25 million in amortization of acquired intangibles, $17 million in restructuring charges, $218 million of fair value adjustment related to the debentures, $815 million in expense recovery and $139 million in investment income related to the positive outcome of the Qualcomm arbitration, and other amounts as summarized in a table below.

Total cash, cash equivalents, short-term and long-term investments increased by $855 million to approximately $2.6 billion as of May 31, 2017. This reflects free cash flow of $860 million, which includes cash flow from operations of $863 million. Excluding $605 million in the face value of the Company's debt, the net cash balance at the end of the quarter was approximately $1.9 billion. There were no purchase orders with contract manufacturers at the end of the first quarter, or at the end of the fourth quarter of fiscal 2017, down from $150 million a year ago.

"In Q1, we made great progress strengthening our strategic position in emerging growth markets, most notably in cybersecurity and the Enterprise of Things," said John Chen, Executive Chairman and CEO, BlackBerry. "We secured key design wins in high growth segments of automotive technology, including advanced driver assist, digital instrument cluster and our hypervisor solution. Our ecosystem is growing with Qualcomm and NVIDIA adopting BlackBerry technology for their automotive platforms. Furthermore, we have been recognized once again as a leader in Gartner's Magic Quadrant on the strength of our BlackBerry Secure platform."

"Our financial foundation is solid," continued Chen. "We reported non-GAAP profitability for the third consecutive quarter, and our balance sheet continues to strengthen. More importantly, we are better positioned to invest in our strategic areas of focus to drive long-term sustainable growth, while returning capital through share repurchases to further enhance shareholder value."

"Our outlook for fiscal 2018 is unchanged. We expect growth at or above the overall market in software and services. We also expect to be profitable on a non-GAAP basis and to generate positive free cash flow for the full year, excluding the benefit of the Qualcomm arbitration award."

Conference Call and Webcast

A conference call and live webcast will be held beginning at 8 a.m. ET, which can be accessed by dialing 1-844-309-0607 or by logging on at ca.blackberry.com. A replay of the conference call will also be available at approximately 11 a.m. ET by dialing 1-855-859-2056 or 1-404-537-3406 and entering Conference ID #23915085 or by clicking the link above.

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To: kidl who wrote (1160)6/23/2017 7:28:17 AM
From: kidl
   of 1227
 
BlackBerry to buy back up to 31 million shares

BlackBerry Ltd (C:BB)
Shares Issued 531,475,629
Last Close 6/22/2017 $14.66
Friday June 23 2017 - News Release

Mr. John Chen reports

BLACKBERRY ANNOUNCES COMMON SHARE PURCHASE PROGRAM

BlackBerry Ltd. has received acceptance from the Toronto Stock Exchange with respect to a normal course issuer bid to purchase for cancellation up to 31 million BlackBerry common shares, representing approximately 6.4 per cent of the outstanding public float as at May 31, 2017. BlackBerry can purchase the common shares pursuant to the NCIB through the facilities of the TSX, over the Nasdaq Stock Market or through alternative trading systems. Any BlackBerry common shares purchased through the NCIB will be cancelled.

As of May 31, 2017, BlackBerry had 531,475,629 common shares outstanding and the public float was 481,212,321 common shares, and the average daily trading volume on the TSX for the six months prior to June 1, 2017, was 1,378,965. Daily purchases through the facilities of the TSX will be limited to 344,741 common shares, other than block purchases. BlackBerry has entered into an automatic repurchase plan dated as of June 22, 2017, with TD Securities Inc. to allow for the repurchase of common shares at times when BlackBerry ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Purchases under the NCIB may commence on June 27, 2017, and will terminate on June 26, 2018, or on such earlier date as BlackBerry has repurchased the maximum number of common shares permitted under the NCIB.

In the past 12 months, BlackBerry repurchased for cancellation $5,036,000 (U.S.) principal amount of its then-outstanding 6 per cent unsecured convertible debentures at a weighted average price of $105.26 (U.S.) per $100 (U.S.) principal amount of 6 per cent debentures. In September, 2016, BlackBerry redeemed all of the remaining 6 per cent debentures and completed a private placement of new 3.75 per cent unsecured convertible debentures.

On June 21, 2017, the shareholders of BlackBerry approved an increase in the number of shares available under BlackBerry's equity incentive plan. "The purpose of this repurchase program is to offset a portion of the expected dilution from our equity incentive plan and from conversion of our 3.75 per cent debentures," said BlackBerry executive chairman and chief executive officer John Chen. "We intend to take advantage of our strong cash position to purchase our shares when the market price does not reflect what we view to be the underlying value and future prospects of our business, without adversely affecting our strategic initiatives."

The price that BlackBerry will pay for any shares under the share repurchase program will be the prevailing market price at the time of purchase. The share repurchase program will be effected in accordance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934 and the TSX's normal course issuer bid rules, which contain restrictions on the number of shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the average daily trading volumes of BlackBerry's shares on the applicable exchange. In addition, subject to TSX approval, BlackBerry may enter into forward purchase or swap contracts in connection with common shares which may be settled by physical settlement, cash settlement or a combination thereof. The forward price will be based on market price, dividend yield and market interest rates.

The actual number of shares to be purchased, and the timing and pricing of any purchases, under the share repurchase program will depend on future market conditions and upon potential alternative uses for cash resources. There is no assurance that any shares will be purchased under the share repurchase program and BlackBerry may elect to modify, suspend or discontinue the program at any time without prior notice.

The TSX has not reviewed nor does it accept responsibility for the adequacy or accuracy of this news release.

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To: kidl who wrote (1161)6/24/2017 2:30:26 AM
From: Sultan
   of 1227
 
Why BlackBerry's Earnings Weren't as Rough as They Looked

thestreet.com

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From: Sultan6/26/2017 3:38:11 PM
   of 1227
 
This is an old article but since the bet here is on the CEO, worth a look..

Sybase CEO John Chen: Tale of a Turnaround

itworld.com

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From: Sultan6/26/2017 3:41:18 PM
   of 1227
 
TD Securities Raises BlackBerry Limited (BBRY) Price Target to $11.50

americanbankingnews.com

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From: Sultan6/27/2017 1:52:21 PM
   of 1227
 
Keep Your Calls and Texts Safe from SS7 and Other Surveillance Tactics with BlackBerry SecuSUITE
blogs.blackberry.com

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From: Sultan6/27/2017 4:59:22 PM
   of 1227
 
BlackBerry seeks sales force to match software focus

reuters.com

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From: Sultan6/28/2017 1:05:26 PM
   of 1227
 

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From: Sultan7/6/2017 3:28:33 PM
   of 1227
 



global.blackberry.com

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From: Sultan7/7/2017 9:47:37 PM
   of 1227
 
Top 8 things to love about the BlackBerry KEYone

The BlackBerry KEYone is a workhorse, and it's proving more popular than even we thought it would be. Here's why.


androidcentral.com

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