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BlackBerry files complaints with the SEC and OSC

BlackBerry has a lot riding on its new BB10 operating system, the recently released Z10 smartphone, and the upcoming Q10 QWERTY smartphone. Late last month, BlackBerry showed some signs of life when it announced that it had shipped one million Z10 smartphones and reported Q4 2012 profit of $94 million USD.
 
With its turnaround well underway, it should come as no surprise that the folks at BlackBerry were none too pleased at recent analyst reports that cast a bad light on its flagship Z10. According to Joe Fersedi, an analyst for ITG, the Z10 launched started off "poorly and weakened significantly as the days passed." He also noted that sales were barely ahead of BlackBerry's decrepit BlackBerry 7.x devices.
 
But while Fersedi's comments were damaging, Detwiler analyst Jeff Johnston went for the jugular, stating, “We believe key retail partners have seen a significant increase in Z10 returns to the point where, in several cases, returns are now exceeding sales, a phenomenon we have never seen before."


Blackberry Z10
 
BlackBerry was quick to respond, with CEO Thorsten Heins stating:
 
Sales of the BlackBerry Z10 are meeting expectations and the data we have collected from our retail and carrier partners demonstrates that customers are satisfied with their devices. Return rate statistics show that we are at or below our forecasts and right in line with the industry. To suggest otherwise is either a gross misreading of the data or a willful manipulation. Such a conclusion is absolutely without basis and BlackBerry will not leave it unchallenged.
 
BlackBerry isn't taking these "false and misleading" statements made by these analysts lightly, and today is filing an official complaint with the Security and Exchange Commission (SEC) and the Ontario Securities Commission.
 
"Everyone is entitled to their opinion about the merits of the many competing products in the smartphone industry, but when false statements of material fact are deliberately purveyed for the purpose of influencing the markets a red line has been crossed," exclaimed BlackBerry Chief Legal Officer Steve Zipperstein.

Sources: BlackBerry, The Wall Street Journal



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RE: Nice phone but...
By Shadowself on 4/12/2013 7:21:50 PM , Rating: 1
quote:
I was referring to regularly available phones, not special runs...
You were the one who brought up TS and nuclear information. So called "regular people" don't discuss the classified details of those things. In the context of those kinds of discussions -- which you brought up -- this phone (or any other like it) is not a special run. It is a requirement. It does exist, and it does work.

Again, you have no experience with these matters and have no idea about what you are typing. This phone does not work the way you are trying to describe it.

Further, there are preset ways to "zeroize" the phone and everything in it. Yet even further, the phone includes all protections required by the NSA for "data at rest". Information within the phone is protected at NSA approved levels. Go ahead and steal it, the information within it would take a State Actor years to get the information out, assuming the information does not get destroyed by built in means during the attempted extraction process.

Besides, if they put a gun to your head they might as well get all the information out of your head. They don't need the phone which will be deactivated moments after they take it.

The reality is that mobile products have been used to secure and transport and transmit secure information for many years.


RE: Nice phone but...
By retrospooty on 4/12/2013 7:46:34 PM , Rating: 1
OK, whatever... My point is std phones are not secure. If you work in a highly security driven profession, whether you use a Blackberry with BES, or an iPhone/Android/WP8 with EAS is irrelevant because none of them are secure... That is all I was saying.


“And I don't know why [Apple is] acting like it’s superior. I don't even get it. What are they trying to say?” -- Bill Gates on the Mac ads














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