Not according to Heins, CEO of RIM.
Share price continues to fall, 5,000 layoffs coming (30% of the workforce), delaying the latest Blackberry and analysts saying RIM is dying doesn't mean a death spiral?
The question is not if, but when. 2020 is the year RIM disappears according to Nomura Equity Research.
I suspect he is being conservative.
Tuesday, July 3, 2012
Wednesday, May 30, 2012
Facebook Continues to Fall
Facebook loses over $20 billion
Facebook shares continue to fall as nervous investors question Facebook's ability to translate a billion user profiles into actual revenue.
The question is how to generate sufficient revenue to justify the astronomical market cap. Ad space alone won't do it, even with close to 1 billion users. GM recently pulled $10 million in advertising from Facebook. Presumably the ads weren't generating sufficient return.
The real gold is the amount of personal data that Facebook has. But, how they can use it is the question. Privacy has been a major concern for Facebook users and they likely will not take kindly to any sudden moves to sell personal information to marketers.
Facebook has a tough road ahead.
Facebook shares continue to fall as nervous investors question Facebook's ability to translate a billion user profiles into actual revenue.
The question is how to generate sufficient revenue to justify the astronomical market cap. Ad space alone won't do it, even with close to 1 billion users. GM recently pulled $10 million in advertising from Facebook. Presumably the ads weren't generating sufficient return.
The real gold is the amount of personal data that Facebook has. But, how they can use it is the question. Privacy has been a major concern for Facebook users and they likely will not take kindly to any sudden moves to sell personal information to marketers.
Facebook has a tough road ahead.
Tuesday, May 8, 2012
Market Uncertainty Over Greece and France
Markets decline over French and Greek voter rejection of austerity measures.
With Europe, the largest economy in the world, effectively in recession, and with voters rejecting more austerity measures (Sarkozy is the 11th European leader ousted since 2008), markets around the world have tumbled.
Previous good news about increased U.S. demand for goods has been shrugged off by investors.
With Europe, the largest economy in the world, effectively in recession, and with voters rejecting more austerity measures (Sarkozy is the 11th European leader ousted since 2008), markets around the world have tumbled.
Previous good news about increased U.S. demand for goods has been shrugged off by investors.
Tuesday, May 1, 2012
Canadian Manufacturing Exports Improve
Purchasing Managers Index
Increased U.S. demand is helping drive Canadian exports, which is good news for manufacturers.
New hiring continued although at a slower pace. There is cautious optimism in the manufacturing sectors with an increase in new contracts with (primarily) U.S. clients.
While the news is good, manufacturers are not out of the woods yet and must remain focused on cost management while sales begin a slow (but not steady) increase.
Increased U.S. demand is helping drive Canadian exports, which is good news for manufacturers.
New hiring continued although at a slower pace. There is cautious optimism in the manufacturing sectors with an increase in new contracts with (primarily) U.S. clients.
While the news is good, manufacturers are not out of the woods yet and must remain focused on cost management while sales begin a slow (but not steady) increase.
Monday, March 5, 2012
What it Takes to Be an Entrepreneur
Many people fantasize about running their own business. The idea of being your own boss, setting your own hours, doing what you love and, hopefully, making a lot of money, is hard to resist. Of course, the reality of not only leaving a current (likely safe) job, setting up a business, and actually succeeding is quite different.
Leaving the security of a job to strike out on one's own is not for the faint of heart. The more you have to risk, the more you have to lose. It's no surprise that many people begin running their own businesses when young and with relatively limited assets.
As I note in the Blooberg article (see link - click title): If you have been thinking about starting your own business for years but have never taken the leap "you may have to face the reality that you aren’t cut out for entrepreneurship."
Leaving the security of a job to strike out on one's own is not for the faint of heart. The more you have to risk, the more you have to lose. It's no surprise that many people begin running their own businesses when young and with relatively limited assets.
As I note in the Blooberg article (see link - click title): If you have been thinking about starting your own business for years but have never taken the leap "you may have to face the reality that you aren’t cut out for entrepreneurship."
Monday, January 16, 2012
Tough Year Ahead
To no one's surprise, 2012 is predicted to be a difficult year. Unemployment is up, deficits are huge and political dithering over austerity measures in Europe is likely to continue.
Few are holding their breath that the U.S. can get unemployment down or reduce the deficit by any meaningful amount. Factor in the continuing crisis in Greece and Italy and it is going to be a rough year for everyone.
Even Canada, which has weathered the storm relatively well, is not likely to escape unscathed. Prime Minister Harper has warned that 2012 will require 'tough economic choices'.
The economic recovery is looking less like a recovery and more like a Global Recession.
Few are holding their breath that the U.S. can get unemployment down or reduce the deficit by any meaningful amount. Factor in the continuing crisis in Greece and Italy and it is going to be a rough year for everyone.
Even Canada, which has weathered the storm relatively well, is not likely to escape unscathed. Prime Minister Harper has warned that 2012 will require 'tough economic choices'.
The economic recovery is looking less like a recovery and more like a Global Recession.
Friday, November 18, 2011
The L-Shaped Economic Recovery
Last month the White House indicated that, due to policy mistakes, the U.S. is in an L-Shaped economic recovery instead of a V-shaped economic recovery.
I had indicated in April 2009 in a comment on a Wall Street Journal article that we might be facing an L-shaped recovery rather than a U or V Shaped recovery.
http://blogs.wsj.com/economics/2009/04/23/green-shoots-dont-come-cheap/tab/comments/
In response to an initial comment regarding the economy and how we were facing a U-Shaped economic recovery as opposed to a V-Shaped economic recovery I stated:
The real concern should not be whether it is a U shape or a V shape, but whether or not it is a L shape. Note the IIF mentions the concerns about the high debts and deficits of many governments (not to mention many corporations). Concerns about recovery in the medium term might mean slow growth for years as governments struggle with a mountain of debt.
2 and a half years later it looks like my statement is bang on. I'll admit I did use the word 'might' but overall, this is correct today as acknowledged by the White House last month.
I had indicated in April 2009 in a comment on a Wall Street Journal article that we might be facing an L-shaped recovery rather than a U or V Shaped recovery.
http://blogs.wsj.com/economics/2009/04/23/green-shoots-dont-come-cheap/tab/comments/
In response to an initial comment regarding the economy and how we were facing a U-Shaped economic recovery as opposed to a V-Shaped economic recovery I stated:
The real concern should not be whether it is a U shape or a V shape, but whether or not it is a L shape. Note the IIF mentions the concerns about the high debts and deficits of many governments (not to mention many corporations). Concerns about recovery in the medium term might mean slow growth for years as governments struggle with a mountain of debt.
2 and a half years later it looks like my statement is bang on. I'll admit I did use the word 'might' but overall, this is correct today as acknowledged by the White House last month.
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