Blackberry on the Way Out

[nuvistors]

BlackBerry announces $ 4.4 billion loss,

TORONTO - BlackBerry is reporting a massive $4.4 billion loss in the third quarter and 56 per cent drop in revenue.

The results are the Blackberry's first under new chairman and interim chief executive John Chen.

This is due to the lack of innovation and technical advancement.

[pierrelebel]

I am not sure why you reached your conclusion.

At the opening of trading this morning, it appears investors like the news and the shares of Blackberry were up 2% in the first few minutes of trading in New York (NASDAQ).

http://money.cnn.com/quote/quote.html?symb=BBRY

[pierrelebel]

Now UP 11% in the first 80 minutes of trading.

Obviously investors and financial experts like what they saw and do not see Blackberry "on the way out".

[nuvistors]

It is difficult to see why investors are buying into a company that is bleeding money like  RIM.

They must know something we do not.