Articles by Chris Umiastowski

Will BlackBerry see a massive short squeeze when the Q10 is in full swing?

Will BlackBerry see a massive short squeeze when the Q10 is in full swing?

Chris Umiastowski 190

Despite BlackBerry doing a pretty solid job of rescuing itself from what would otherwise be inescapable death with the launch of BlackBerry 10, the stock market continues to bet against the company in larger numbers. As of mid-May, a grand total of 170.6 million shares of BlackBerry were sold short out of a total share count of 515 million. Shares that are sold short have been sold by...

Will Q10 demand drive a huge turnaround in BlackBerry’s financial results?

Will Q10 demand drive a huge turnaround in BlackBerry’s financial results?

Chris Umiastowski 121

Last quarter, with only one month worth of Z10 shipments, BlackBerry shipped one million devices running the new BlackBerry 10 platform and posted better than expected results - particularly gross margin.  Now that the Q10 has hit a few markets, could things get even better? Could BlackBerry return to a level of profitability worth of Wall Street respect in the next couple of quarters?...

What’s really going on with Detwiler’s false accusations, and how BlackBerry is handling it beautifully

What’s really going on with Detwiler’s false accusations, and how BlackBerry is handling it beautifully

Chris Umiastowski 232

BlackBerry’s stock was hammered yesterday due to a report by research firm Detwiler Fenton, who claimed that Z10 devices were being returned in unusually high numbers.  From Wednesday’s closing price to the lows on Thursday, BlackBerry lost over $1.25 per share.  It closed at $13.55, down from $14.69 the day before, for a loss of nearly 8%.   The claim seemed absurd, essentially saying...