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BlackBerry just can’t win

31
Mar
2014

BlackBerry’s fourth-quarter earnings were better than expected, losing $0.08 per share, compared to the $0.67 loss most analysts were expecting. The company continues to make cost improvements as it tries to turn the company around, something Wall Street has asked for time and time again from the Waterloo, Ontario-based company. However, it’s not good enough, apparently. Credit Suisse analyst Kulbinder Garcha downgraded shares of BlackBerry to underperform, following the results, noting that the continued weakness in cash burn and concerns about service revenues don’t exactly imply hope is around the corner. “While this is to be applauded we are concerned by the level of FCF burn and the ongoing pressure in services revenues and believe visibility on a turnaround is

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