Feeling a bit more comfortable about this company but is still not ready to take a position. Results were better than expected. Built up their cash by reducing inventories during the quarter so with the introduction of BB10, they are going to have to start building those inventories back up again so the cash drain you are going to see in the upcoming quarter is what he had anticipated for the previous quarter. Worth watching. Would also like to have tax loss season behind him first.
Shares have fallen to a level that has not been seen since 2003. Have had a series of disappointments, one after another. Announced they are lowering 2013 guidance. This company has always gotten itself in its way. Further proof that they are falling behind times. There is a lack of new product development.