35 Burst results for "Blackberry"
Qualcomms incoming CEO on what he really thinks about Apples M1 Macs
"Welcome cristiano. Thanks for joining us on the podcast today. Very happy to be here. Obviously you had some big personal news. You renamed the new. Ceo starting to stummer congrats on that wall. Thank you so much. Incredible privilege for me to be named seal. I'm very honored butter. Yeah we'd love to hear a little bit about What are your first priorities. Going to be as the incoming ceo. Weren't you begin. A lot of people. Ask me this question. Would i like about about this transition. We're doing a qualcomm. This is a story of continuity and it's about keeping qualcomm. You know technology. I company company continue to lead the pace of innovation but having said that We have been doing over the past few years really transforming the company into beyond mobile in oh always had a very strong in mobile business our core business also the licensing business but we started to grow into automotive starting to grow into analog with our ephron sorta grow into the beginning of that so the priorities will be continued to execute on this incredible opportunity. We have ahead of us. Which is five g which is also making telecommunications or communications in general no longer unique to the mobile space but across every other industry and really capitalized on that opportunity. Cristiano to that as you take on this role what are some of the biggest challenges facing qualcomm. Wh what keeps you up at night. The number one challenge we always said in. Our businesses is very unique. We have to reinvent ourselves every year. We have to win the flagship. You know over and over again every year so you know i think all of us qualcomm. It's about making sure hours was focused in driving technology roadmap to become complacent continued to drive the roma ford. And you know right now. If asked me what keeps me up at night right now is supply chain grads as having the semiconductor industry. I think it's the result of a lot of success in general about an acceleration of digital transformation across a number of industries. But this is causing a lot of stress as the supply ching was not prepared to deal with the growth. And but you know we're navigating a very happy to the position we have right now. When is the supply chain issue going to end like. Is this something that gets resolved. Pretty quickly or is it something. That's going to take a long time until like samsung and tsmc. Some of these other companies can build mark factories. No look if will get better at the end of this year we have line of sight and even our scale We're very fortunate very well position. And we have line of sight of this going to get result with entity or but you're correct Part of solving this problem is to a celebrates didn't build out more capacity and that is about building buildings in new clean rooms in new equipment. The way to think about that shara is When depend hits There was an assumption made in general across the industry that that the capacity for semiconductor. You know for if especially if there will be recession given pandemic mike you know was it was good in the reality. What we saw was the opposite the enterprise. Transformation of the home people buy new computers by new printers. New wi fi systems upgrading broadband companies had to connect their assets. So we saw celebration of. I'm not in digital transformation across the board Paper money disappear. That's people started digitize. You know everything payments Even a small business and we always said the mobile has been very resilient five g we said Into very beginning we state our five g numbers even the beginning of the pandemic said. If i've transition is still going it's important. We ended the year the high end so all those things happen for a capacity that was not put in play for growth. And i think we're just seeing you know the effects of of demand in supply. But the manda will catch up with Supply supplier vice versa towards the end of this calendar year one area. I'm really interested to hear about is the pc market You know obviously this is an area that had tons of demands over the past year for laptops and other devices report working from home call comes made a big push in putting your mobile chips in. pc's We saw apple. Come out with. Its m one powered max which proved to be extremely popular How is demand for those m one devices. Impacted your focus on pc chips. Hasn't your computers more and demands like what sort of impact has the m one had on akam pc. This days is one of my favorite topics. Conversations finger for discussion look rented and talk about the specific demand. For 'em one. This is a great opportunity to talk about the trend so the pc was being transformed and we always believe welcome that you know. They'll be conversions between mobile nbc and mobile became the bigger platform. They're more smartphones. Abc's to develop. Our eco-system is driven on the mobile side. And we believe in that convergence. That's where we started. You know several years ago. I think more than four years ago with microsoft on this journey of windows on snapdragon in now recently with starting to see snapdragon on chrome os in chromebooks then the pandemic hits and would have been hit. It change certain things forever. And i am super excited about this because like if you're talking to me from a pc right now. And i'm sure you are you. And roger. b. C became a communicator device. And as people make phone calls they started make a teams called zoom. Zoom became a verb in many languages in c. now is connected became a communicator device. Camera become really important. I'll do a multimedia became important. You doing you take a break. Watch netflix the future. With five g connected disease are going gonna watch Not only video but gonna play stream games with ex cloud an amazon luna luna or google stadia and all of that and then on top of it people. That had a workstation are home. They don't have a workstation to have their laptop but using five on demand computing. You'll get access to any application that you can run on the cloud computing platform of the cloud so the pc's completely transformed in apple switching to a m one with an arm instruction set just validated at transformation. Start moving developer as fast paced. So we're more convinced an ever. Conversions is going to happen b. C's going to be a great opportunity for expansion on snapdragon and it's that's one of the first things i did after being announced to co elect was to do the acquisition of nubia s. We believe there's an opportunity for us to lead into cpu performance as well as we start to think about this complete transitions of pc to associate. So let me let me ask gonna fall on that. Because i think we might have a new but one thought on this question about apple versus talk about the long-term opportunity but were you frustrated by the fact that you have been pushing snapdragon power laptops for a couple years now. That have really gained a lot. Traction while attention than apple comes in with the san juan and one powered mac guy huge buzz postal raving about these things whereas the other snapdragon laptops will ask. We have not really gone. The best to reviews was some frustration. That did you get to go back to your team coverage thick how you do this. I'm just curious your thoughts. On the the the different reactions that though snapdragon lockups had versus those and one. Max no no not at all i. Here's how answer this question roger. We knew that we started this journey. And this journey about a windows for example which is being running on x eighty six. You know Forever when needed to introduce arm extraction sets to windows and we work with microsoft and we knew that we're still building this journey as an example for example In this summer we're gonna now. We're celebrating that you know that next latest update for microsoft windows which announced support a sixty four. Bit emulation on orm in wish starting to see the very first time the enterprise ice laptops. Hp just launch commercial. Enterprise laptop with into snapdragon. So we're at the beginning of the ramp in the way we see the apple lounge. It's a great tailwind. Because what apple did by lounging does not only validated that transition but you know moved developer ecosystem the difficulty that you have when you try to introduce a new instruction set on the pc and this is not new to to apple. I think they've been to those that. That transition twice if you look at their history and then maybe have tried in the past trying to pass the longtime ago with a windows rt and and that really only works. When you're no longer have a second class you know a platform is just the great windows. Experience in every application is gonna run in. You're going to be able to keep everything you had a windows. Any wedded new coming from mobile platform in in. We believe we're now getting to the end of this journey in what what apple did which really help brother ecosystem. Apps apple helps microsoft basically create the resolve within developer system to start doing arm native apps going forward so my answer to a question is super. Please we're super excited invalidates. You know that bats. And i think that's going to happen Not only within. You know the apple wicca system but within windows as well as google and no question when we announced a new via acquisition if you look a press release was incredible as a parade of everybody to mobile nbc segment including microsoft in google in the saint press releasing. This is great. You know so. We're excited about that. Yeah i wanted to dive a little bit more into nubia You know you guys pay. I think one point four billion for this company started by former apple engineers. Basically you know why. Why do you need nubia okay. I'll you know i'll tell you. The story in this has a lot to do with the conversation we just had about. How welcome see some. The industry transitions in how we execute on them. So the story is if you remember back in tweet g. into feature phone days and the blackberry we knew as we brought four g and mobile broadband to the seller space. The will have to become computer. She's gonna have a broadband so you need to have a computer in your hand to make use of the broadband and you're going to have a prosser we're gonna run of have an application and In we knew at that point that you didn't have a high-performance processor for battery powered device we could not get that from the arm roadmap to so so we basically put together a cpu team and we build if you remember. Scorpion was very first. Gigahertz clock. cpu in a battery powered device After that crate in debt drove the absolutely majori of the smartphone platform across. You know that time you know indoor it was growing to other oh s.'s. At the time and clearly it was squawking was the forefront really creating a mobile computing platform with our own. Cpu
Unity, And Gamestonks
"All right. Welcome back to say what needs saying. I'm zac. I'm seeing to brandon and we are coming back with season. Two of say what needs saying. We are excited. We're gonna jump into everything that we missed everything that's happened since the last time that we talked with everyone and there is quite a bit. That's gone on and the things have been kinda crazy these last couple of weeks. And when you say crazy what exactly do you mean like what is probably besides the end a twenty twenty two where we're at right now on the six of black history month. What exactly is the craziest thing has happened in your eyes. Craziest thing. I mean crazy. Things got to be the game. Stop stocks The not wall street bets versus wall street and everything that happened with that. So explain to me. Whoever's listening what exactly happened with with wall street bench game stop. Why two people care about a blockbuster all of a sudden who's blackberry since it's been eleven years since anybody's used blackberry messenger. What exactly happened. And i also can time to just know so i mean basically a bunch of people. Shorted game stop stock. So that's when you borrow stock to pay back at a later date and actually before we jump in. I'm gonna admit some people that just jumped in on the zoom chat and we go all right now. Everyone's in Yeah woke member onto the season two. I live episode but anyway so yet shorting a stock you know you borrow stock so that you can sell it when it's high and then pay back the debt of that share later when you believe that the price will be lower so everyone did this with game stop and did it immensely Shorted it too. I believe they shorted hundred forty percent of the available stock and so the Read it wound up finding out that it was heavily. Shorted and decided to call their bluff and bought a ton of game stock game stock stock game stop stock and improve the priming through the roof but yeah it was not. It costs the hedge funds. A ton of money back you. What sounds like you got. Hit by ricky ralph. I don't know what happened on. How can you hear me now a bit. Yeah i kid you knocking at you now. I'll let you know. I was just saying it's just crazy because you know they. They cost the hedge funds so much money in they. Basically it was unprecedented right. It was something that had never really happened before. At least not in the near the near past. I mean what do you expect when you tell when you when when you have billions of dollars and you laugh at the common person and say you know we'll give you two hundred dollars. You're not going to do anything with you need it. We're going to give you six hundred thousand and you. You don't need it and what they did is a lot of people out of you know jen next. Gen z millennial said. Yeah we believe in game stop you know they china on empathetic side and we believe in these comes. We're going to make it big and rid a stick it to you so a lot of people but those stocks in unison in solidarity to what. This was how we know what this was causing on wall street. The headaches and the seven point some odd billion dollars. They lost to sell their goods stocks. Are there good options. Or whatever to remake up or recoup from the losses from their expert station so yeah no. It's it's i think is necessary on one end some. I have heard some people say it was irresponsible of the people on. Read it so. Go ahead and do this but i don't know i'm kind of not anarchist but i'm on the side of the people who's always been given the season the state.
Robinhood to allow buying fractional shares of GameStop, AMC
"But we start off with game stopped or game on check. Today's price action on wall. Street's hottest stock maybe one out of stock game. Stop gaining more than two percent while other heavily shorter names like costs. Amc and blackberry also posted gains robinhood easing trading restrictions today allowing users to buy fractional shares in game stop and amc but these socks are still down big for the week. So what is the current state of this read rebellion that has captured wall street's attention let's bring him back bassani so we got a couple of big questions for you number one here. Can we actually say that. The rebellion is over based on what we've seen over the past couple of days when we know that restrictions have still been in place on trading the stock. I found a the main is over. But it's found a level and. I think it's subsided. I mean just look at the the volatility today remarkably low and i know you mentioned restrictions but what restrictions there's someone robin hood but trade. It almost fifty million shares. I mean heck of a lot of people are trading robin woodstock. It's not a bunch of russian sitting out there so there's very few restrictions out there and i don't think that's a big inhibition for the stock right now has short interest. Come down enough to the point where we say that short-squeezes over we know that it's dropped significantly over the past week or so down by more than fifty percent or something like that but it's still pretty high. It's it's a moving target. I see different numbers every day. And it's actually fairly difficult to get a real accurate number. Clearly we can say it's way down. Now here's my bet. Bet see new shorts on this story coming in. I wouldn't be surprised if we gotta level at fifty percent and it stayed there for a long time because a lot of people still feel even ninety dollars this thing. This is ridiculously over-priced. There are plenty of people who had ten dollar bloat numbers on this just a few months ago. So it's a moving target. But i wouldn't be surprised if there were new shorts coming in in the weeks ahead last question we have for you tonight. Regulation where would it come from. Who would be the target. Yellen really being smart here. She's being a leader. She's going to channel all this energy and she just knows what she's doing. I'll tell you what the concern the street has is. This could morphine. Do some kind of broader investigation. So finra has always been there the regulators of the brokers finres already said. We're looking at game of vacation of trading that's a hornets nest because immediately you can start saying it's the site you have suitable for your investors. Do you have a balloons going off. Or when people make a trade you have hot trades of the day at the top with this induce people. Who would not normally make these trays to do that. And engage in behavior. That is not suitable for their type of investing. That's a real hornets nest. Melissa i know the sec is looking at mark manipulation. That's a different story. I think that's going to be a very tough case to prove. I'm not sure that what happened here with red confines with the normal indications of some kind of pump and dump operation. I think they're gonna have a hard time proving that particular one. Yeah thank you.
Robinhood Reduces the Number of Stocks With Restricted Trading
"Over the weekend. Robinhood announce it reduced the number of companies with trading restrictions from fifty two eight opening new positions on game stop. Amc entertainment blackberry express. Genius brands costs naked. Brand group and nokia shares is still limited. Robin hood said it. Put the limits in place. Efforts clearinghouse deposit requirements for equities increased last
The Battle of Wall Street
"Aim retailer game. Stop has been having quite the week on wall street. Thousands of small investors were buying up stock and driving up the market value of the company. These investors were gathering in places like the wall street bet sub reddit and targeting shortsellers by buying with calling meam stocks while game stop was a current beneficiary of this plan. Other companies like blackberry and. Amc have also been brought up. Sending shares soaring the ups and downs continued even as some trading sites and apps had restricted transactions of and. Amc robin hood. Which is a popular investor. App prevented customers from purchasing more shares of a lot of companies but because of the backlash they're allowing limited buys now for more on the crazy week. That game stop has been having on wall street will speak to james sarah wicky columnists for the online business magazine. Marker just see provide some context that game. Stop fifty two week. Low was to fifty seven cents. So you can do the math there. Perhaps even more mazing ingley gauged up ended. Twenty twenty. I think the stock was at eighteen. Eighty four. so that means is I think around nineteen hundred percent this month and gain has come in the last in the last week it really kinda exploded beginning last friday so as you said the core of the community that has kind of driven. The stock upward is centered on a sub. Reddit called wall street debt which is actually a huge it so it. Now i think has more than two million subscribers. Obviously it's got a lot more subscribers this started but even before that it was it was very big and it's a very sort of read it like community. It's a point of people talking to each other telling jokes making fun and one of the kind of stock that they've been very interested and over the last. Let's say six months to a year. They've tended to focus on chief stocks so stuff that oftentimes the price and the single digits but that they have relatively small overall market capitalizations and then oftentimes stocks. That are being down stocks that you could theoretically make a lot of money. And if they sort. Of rebound i mean. They're obviously interested in tesla and the some of the more hype stocks. And they're buying like blackberry and amc movie theaters which there have been suffering throughout the pandemic. So these are just some of the other ones that they've been getting in on his well exactly and so idea means of mean. Stock is pretty new. I think the term really only emerged less than a couple years ago. And i started off left summer when we saw some really crazy movements in hertz. Which even though. It was bankrupt. Suddenly site stock skyrocket last summer and then kodak with another example. I don't know if you remember. But there was this sort of weird moment when i honestly can't even remember the details of the story but there was this news that kodak was somehow going to be involved in making cova drugs and sex talk when sorta spike as well and the mean. Nothing really started to take off in sort of the end of twenty twenty. And now obviously this month is really when it sorta come into. Its own as you said he didn't stop is by far the most prominent of them because of just how crazy the action in that stock has been. There are now a host of other ones. So as you said. Amc theaters which today was up three hundred percent blackberry which was up like thirty percent today. Which money by these standards is a tiny game but if you think about thirty percent that's pretty huge nokia so a lot of these things so the key to this story i think is that what's happening in me. Stocks and. let's talk about game stuff the keys that what's happening is it's not like a kind of traditional stock market bubble where people are just kinda rushing in to buy stocks because they see other people that are buying them and they think oh. Those stocks are going to go up or they think i'll be able to dump the stock on a greater fool or they become sort of hypnotized by the promise of the internet like happened in the late. Nineteen nineties or there have been many little bubbles in wall street history. My favorite one is in the early nineteen sixties. Investors became convinced that every american was going to end up going bowling like three or four times a week and so there was this huge in bowling stocks. This is very different from that. What happened on this. It on the sub reddit was that people recognize. That game was not just very cheap and had a relatively small flow in other words. There aren't that many shares outstanding but they also realize that a huge percentage of that float so by some accounts all of the shares plus them. We're being sold short by shortsellers. So short sellers were basically betting the game stops stock was going to continue to fall. And the reason that's important is that when a stock starts rising sharply if it's been heavily. Shorted what oftentimes will happen. Is that short. Sellers will have to buy the stock back in order to the phrase on wall. Street is cover their shorts. 'cause they don't necessarily want to keep their short as that stock. He's rising because if they do every dollar rises another dollar they've lost and so if shortsellers can't take the pain they buy the stock well when shortsellers vice stock that obviously helps push the price higher so if there are more people shorting higher above them. Who maybe don't you know that sends the price higher that there are four shortsellers were getting pain inflicted. They say okay. I can't take the pain. They buy the stock
GameStop shares surge after Robinhood eases restrictions
"The Bay Area have caused their financial partner to change its mind. The stock trading at Robin Hood says it will again allow investors to start trading Gamestop shares, a small group of investors have protested outside Robin Hood's headquarters in Menlo Park and outside the New York Stock Exchange. Robin Hood had blocked users from buying up shares of stocks and companies like Gamestop, AMC and BlackBerry Robin Hood restricted buying when Reddit users caused the stock prices to soar. Ah lawsuit filed in New York claims the APP deprived retail investors of The ability to invest in manipulate the open market. Rob Newton
Robinhood restricts trading in GameStop, other names involved in frenzy
"A war of words raging between big and small Wall Street investors sparked this week by that game stop trading hold that seemed to squeeze out the little guy on the trading platform. Robin Hood. Robin Hood put restrictions on Thursday. So that means the people weren't able to buy those volatile stocks like Nokia. Like AMC like BlackBerry, They've eased those restrictions. Not completely but they have since then. And yet so many people are furious. People are so angry that there's two class action complaints filed against Robin Hood. You have two probes coming from Texas and New York. They're looking into those massive market swings. The SEC just yesterday issued a stern warning, and they said that they would be looking into the swings and checking for any type of market manipulation. Fox business is Kristina Prints Annapolis reporting. Robin Hood says the decision to hold the purchasing of game stops stock will Based on market
Robinhood blocks purchase of GameStop, AMC, and BlackBerry stock
"By security researchers at qualis two weeks ago. The bug would allow attackers who've gained access to a low privileged account to gain root access. Even if not listed in the apps can fig file the bug impacts almost all pseudo installs and was introduced into the apps code july twenty eleven into launched. Its first z. Desktop graphics offering three four k display outputs with hdr support and support for decoding eighty one content these cards will have four gigabytes of memory and eighty execution units available on prebuilt systems from system integrators. This is intel's first desktop graphics card. Since the intel i seven forty series released in one thousand nine hundred ninety eight. The stock trading app robinhood plays trading restrictions on several stocks this week including game stop. Amc blackberry cost nokia letting users close or sell positions but not by new shares on january
AMC, Nokia and other "meme stocks" targeted by Wallstreetbets
"On Wall Street, and you know, for example, stocks like game stops, stock and and BlackBerry stock. And what is an AMC stock? All these different companies? There are $5 a share and then they're explode. I think Gamestop got upto like border and $80 a share. Now it's among their among a handful off previously. Wow. Unloved companies. Maybe you could put it that way is the New York Post. Put it today. Prices, air fuel, Then you've got these big hedge funds. The big hedge funds they charge for every trade if you buy or you sell this those commissions associated with those trades, But there are other places where people trade read, it would be one of them. And so what? They have figured out there's a process on Wall Street, and I'll let Steve Moore explain it more detail and more articulately than I can, where it's part of the process of Wall Street, where the shortest stock And that is that they're going to predict him. Bet that the stock is going to go to a lower price anyway. Long story short to do that you actually borrow somebody's real stock, and they get a piece of the action so that you can then short it and then at some point If, in fact it goes down. You get the difference in the price and other words, you're betting on it going down big big practice on Wall Street, especially used by the hedge funds anyway. So these independent small guys got hip to what has been going on in the millions of millions of dollars being made by these big hedge funds. Billions actually. And they figured out that they were actually shorting stocks that weren't even like phantom numbers. Like for example, they were shorting well beyond 100%. Of all the stocks that were ever even available in some cases, 140% And the idea is is when the call comes for these big hedge funds that had shorted the stocks because the little guys have banded together. And coordinated an attack against them. It all backfires and they've got to cover. They've gotta cover massive amounts of money that they never thought. What happened. It's pretty fascinating. Anyway, Um, my buddy
An Attempt at Breaking Down the GameStop Situation
"I'm the dreams as the Esports minute for me Sports Network. So a lot smarter people than me have explained the situation, but I'm going to give it a pretty short explanation. But please go look for better ones. And first of all, I'm not a financial advisor. I just like the stock. I think most people have seen the meme GameStop stock. Oh absolutely nuclear and value along with some other stocks that had big short positions taken out on them a short Mission put simply is the ability to borrow a stock and sell it with the goal of buying the stock back later with the cost reduce and then returning the borrowed stock. It's effectively a bet on companies a going-out-of-business or at least continuing to decline. That's why the names being thrown out today are companies on the decline GameStop AMC Theaters Nokia Blackberry Etc wage. Some hedge funds would absolutely stupid with these short positions. Sometimes taking out a larger position than actual stocks available. You know classic Wall Street stuff one. Such firm was Melvin Capital took out a massive short position primarily on GameStop, then Wall Street bets erratic Community filled with people from a wide variety of backgrounds. Each independently made the choice to invest in GameStop orchestrating what's known as a short squeeze from there. The stock price goes up as firms like Melvin Capital have to cover their losses by buying more stock and the end result is a staring contest of sorts with both sides trying to out hold the other one. This is again super over simplified, please go search out better explanations of what's going on to the one I'm giving right now. This has been happening over the course of the week. But yesterday on Thursday it became even more complicated when Robin Hood decided to freeze trading Robinhood is an app that brand itself as a place to democratize Trading. Bring in retail Traders and allow everybody to get a little piece of the stock market. They even named themselves Robin Hood after the famous character that stole from the rich to give back to the poor. Well, one of the big backers of Robin Hood is Citadel who's also a backer of Melvin capital and when push came to shove Citadel forced Robin Hood 2008 trades Robin Hood still claimed his allegedly. Allegedly Robin Hood still claims. They did this because of the volatility and to protect their users, but it's pretty clear that out of the stocks all froze at a pretty suspicious time to the point where even and Ted Cruz two completely opposite sides of the American political Spectrum both were calling out Robin Hood and calling us today. She's into it. So there's some shady stuff going on here. But what happened yesterday with people unable to buy it the price started dipping, although not really back to Earth. It didn't crater like one would expect. Free this entire ordeal as I write this with markets closing on Friday afternoon. GameStop is right around $300 a share AMC is around $13 and blackberry is 14000 of those numbers represent massive jumps from where the stock was a few weeks ago, but solid declines from Peaks reached over the last week right now. We are in basically a three-way standoff with hedge funds retail investors and then the giant question mark of government regulations and trading platforms. If Government Regulators decide to step in if trading platforms decide to shut down even more true that's going to have massive impact on what happens here. We really don't know how this is going to play out. And anybody who says they do take them with a grain of salt. I say that as someone who has some am seeing a little bit of gme and some Dogecoin in his portfolio. But still please be careful. Don't invest any money you aren't able to lose also another word of caution. Don't fool. This is entirely a David V Goliath situation here. Wall Street is very smart. And there are a lot of firms not named Melvin capital or Citadel some of those firms were already long on GameStop many others saw what was happening and took out big positions. So while this has often been framed as Wall Street vs. Reddit that's not entirely accurate but for retail investors their choice might actually be a bit of a silver lining because what it means that the deck is not entirely stacked against you plenty of uber rich people have a lot to gain from this short squeeze as well. If it was all about money versus a bunch of people on Reddit. Well, I think history tells us who's going to win that but there's a lot of money on the GameStop side too. So who knows how this is going to play out wage. It's important to recognize that all the billionaires who are tweeting out their support. I'm looking at you Elon Musk and Mark Cuban might not be doing that entirely for altruistic
Markets Hit Amid Reddit Rebellion
"S. and p. five hundred tumbling just under two percent today. The dow down more than two percent today was the first time the dow is lost more than two percent on a friday all the way back in early june of last year overall. This was the worst week for the markets since october. Many of the biggest of the big getting just a little bit smaller today investors selling. What's salable maybe to raise cash apple losing nearly four percent today. Download and five percents. This week tesla microsoft. Facebook others also getting sold off. Perhaps the reason smaller trader banding together online bidding up from the stocks that big hedge funds or betting will fall and though this is largely being sold as the little guy taking down big bad hedge funds. Steve grasso there is of course some of that but like most stories. It is not quite that simple because it appears what began as this reddit. Rebellion against a few. Highly shorted stocks. Now might be infecting other more macro parts of the market that mom and pop invested in wondering what the heck is going on brian. It's a that's a great way to put it because if you look at it. We're talking about a handful of stocks with high short interest and the rest of the market has fallen out of bed but think about how many people own stocks think about the pension funds. Think about the teachers pension funds. Think about police officers. Think about firemen think about the average joes out there who i consider myself an average joe. I just happened to be in the market. Think about all those people that have their money. That aren't on wall street. That aren't making money at a big bang. That are making money in an institution not a wall street institution. They own stocks too. So i have to figure that their pension funds and the way that they are in the market whether it's a mutual fund or pension fund is not top. Heavy in game. Stop is not top heavy. Amc so this is the average person in america that is probably getting the majority of the brunt of this hit when we see a handful of names create margin calls air. Think about this brian. If you're a short seller right so a hedge fund has shorts. they have longs and they're hedged. So if you have to take down your short then you have to sell your long. If you're selling your long it could be apple. It could be facebook. It could be microsoft. It could be any one of those bracket names. Because as brian again. I'll go back to you. Steve before barbara. That's how this is playing out in the broader market. This is why it matters. It began as sort of a curious little corner of the market where we're looking at game. Stop an amc and even blockbuster and blackberry and nokia and these stocks but to your point and sort of explain it steve. Since you are an average joe in an average joe way which is if you're wack in the hedge funds which by the way. Nobody's feeling sorry for him. Because they all stupidly piled into the same stocks that appears with one hundred and thirty percent short float margin on at least gain stock if not others but now to raise money. They may be forced to sell what they can. And also steve. I want you to come on this. We got to be very careful of how he framed. This robin hood started limiting orders on a couple of stocks as we just heard. They're limiting purchases to one share. One share what a joke on and e- starbucks and others. It is not just these heavily. Shorted names this is starting to bubble up as a bigger market story and one wonders where it goes.
GameStop, AMC End a Wild Week
"It's been a roller coaster. Ride for game. Stop an amc stocks this week and shares shot up again today. After some brokers loosened restrictions they'd placed on trading game stop. An amc both bounced back more than fifty percent closing at three hundred twenty five dollars a share and thirteen dollars and twenty six cents a share respectively. Meanwhile broader markets were down for the day and for the week the dow and the s&p five hundred each fell more than three percent their sharpest weekly decline since but the nasdaq had the worst week of all three indexes down three and a half percent our markets reporter kanatani has more. This was a weird week for markets. Maybe one of the most bizarre weeks we've seen in quite some time because while there was a fair amount of volatility in the overall stock market. All of the attention was really just fixated on a handful of stocks that have been just absolutely ripping higher. Thanks to sort of promotional campaign on social media So things like game stop. Amc nokia blackberry. You know really businesses that a lot of people have thought about seriously in quite some time. I'm they've all been doing incredibly well. And that's been in large part due to this sort of social media campaign we've been seeing on places accredits wall street beds and on tiktok and and on twitter and you know of course. There was a lot of drama involved with that. I mean even in the last forty eight hours we saw increasing number regulators and lawmakers expressed concerns about brokerages installing some trading curbs briefly and there were questions about whether what was going on. Rented a amounted to market manipulation. Questions about whether what we were seeing was a sign of just you fauria and potentially dangerous for the broader market. So i think it's going to be very interesting to see how these developments continue to play out in the next week because it has only been a couple of days and in a sense We could see a lot more developments unfold.
Robinhood CEO speaks out after GameStop stock chaos
"Robin hoods roller coaster ride and a new interview from the company's ceo. Trying to slow things down. The popular free brokerage app has experienced unprecedented high volume of trading as well read it reading retail traders pile into a few highly. Shorted stocks in a move organized. In part on the irreverent wall street bet sub reddit. The volume was so overwhelming and companies. You've been hearing about maybe again after a few years game stop. Amc blackberry and nokia but robin hood suspended trading in those stocks on thursday. Wow the reaction to this move was swift and surprising both congresswoman out of cossio. Cortez and senator. Ted cruz found themselves on the same side of an issue. Both tweeting that robin hoods moves were unacceptable and at the expense of the little guy investor over the hedge funds feeling the squeeze when stocks they shorted suddenly shot up a thousand percent in the legend. Robin hood stole from the rich to give to the poor so this was a confusing metaphor yesterday for everybody. Robin hood said it was a risk management decision to protect investors the markets and the firm. The company has to deposit money to a clearinghouse based on the volume of trades. And they feared they'd be unable to meet the anticipating deposit requirements now. The company's ceo joined our andrew. Ross sorkin of squawk box just earlier this week on the power of retail investors. It is a huge time for retail investors. Check your feed for that conversation and then take a listen to this one done just two days later. When the company was dealing with the anger of the robin hoodies they're typically younger users and trying to raise money through credit lines to ensure it had enough capital to resume trading on these volatile stocks. Here's andrew flat. Ten of is with us right now and we appreciate you joining us on a day where there are so many questions there are frankly as you know a lot of angry customers out there and a lot of questions about what took place in the decisions that you made to limit so many your customers ability to buy stocks like game. Stop questions about whether you have a liquidity problem. Whether you're trying to protect them from themselves whether citadel did this explain what happened today. Thank you for having me on the show again andrew. So what happened. Today was as you pointed out. We had to make a very difficult decision. It's been a it's been a challenging day. We made the decision in the morning to limit the buying of about thirteen securities on our platform so to be clear customers could still sell those securities if they had positions in them and they could also trade in the thousands of other security is on our platform so it was a difficult decision. And that's what we had to do as part of normal operations but explain. Why did you do this. What did the call you and tell you you had to do this. Was there a problem inside. The company in terms of liquidity in terms of the demand deposits. The you had to put it in front to the exchanges. What led to this sure and let me let me explain exactly how this works. First of all i want to address some of the misinformation. That's been out there. There's a lot of a. We absolutely did not do this. At the direction of a market maker or hedge fund or anyone we row to or other market participants. The reason we did it was because Robin a brokerage firm. We have lots of financial requirements including sec net capital requirements and clearinghouse deposits. So that's money that we have to deposit burying clearing-houses so some of these requirements fluctuate bid based on volatility in the markets and they can be substantial in the current environment where there's a lot of volatility and a lot of concentrated activity in In these names that have been going viral on social media so we're really in unprecedented times and in order to protect the firm in protect our customers. We had to limit by in these in these stocks in to be absolutely. It's ahead but it sounds to me though that you're suggesting that there was a liquidity problem inside the firm and my question about that then raises all sorts of new questions about whether there's a systemic issue underneath the system and underneath the company unto itself. No there was no liquidity problem and to be clear this was done preemptively so we did this. Proactively in thousands of whether securities remain tradable on the platform customers that held these positions. Were able to seldom in. We're doing what we can to allow a buying 'em to remove these restrictions in the morning but also You might have seen robin hood has been the number one app in the in the store overall so we have seen unprecedented interest due to the fact that finance has been culturally irrelevant in a way that hasn't been before and these stocks are going viral on social media. And i think it's really interesting to juxtapose against some of the other questions that we've been having a before this of course robin For everyday investors from the very beginning with stood for investors opening up access and giving them the ability to trade commission. Free in whatever they want a in. We've gotten a lot of criticism that you know. Maybe there should be more restrictions so it pains us to have had to these restrictions and we're gonna do what we can to enable trading test. How concerned should customers be though about the robustness of the system. If in fact what ultimately had to happen was you had to shut down. Access to buying these securities because of the deposit required. Well to be clear. This was the system working. We have the ability to restrict buying in symbols for a unprecedented market conditions. Such as this in to be clear we didn't shut down the system. We shut down by four of these thirteen stocks for the thirteen securities but customers that position could still sell and customers still could buy and sell the thousands of other securities on the robin hood platform. But when you look at the precipitous fall for example of game stop. Do you think that robinhood bears any responsibility for that. I can't comment on price. Action of of securities and probably would be inappropriate for me to do that in also. I should know rodman wasn't the only firm to restrain buying other. Brokerages have been restricting the buying and trading of these types of securities all week. And even today. Of course we get the lion's share of the attention since we've been the cognitive referring for retail investing in america but other other people are dealing with these challenges as well
Robinhood Lifts Some Stock Restrictions, Adds Restrictions on Crypto
"The stock trading up robin hood said it would allow limited buys the stocks previously restricted including game. Stop amc blackberry and nokia. Although it did not specify how buys would be limited robinhood. Spokesperson also said that claims that robin hood proactively sold customers. Shares outside of our standard margin related sellouts or option assignment. Procedures are false robinhood also announced it restricted trading on currencies on the platform halting instant deposits although customers can buy cryptocurrency using funds e in their accounts at the time of this recording. Bitcoin prices have spiked over twenty percent. In the last twenty four hours and does point prices jumped over three hundred percent.
Lawmakers call for regulation after Robinhood halts trading
"The trading apple robin hood restricted trading on game stop. Amc nokia blackberry and a few other ninety s favorite brands that have been targeted for boosting by the reddit forum. Wall street bets. It is allowing users to buy limited quantities again today other brokers ltd traits as well but at least one retail investor sued robin hood claiming the company manipulated the market to protect the hedge funds. Who have lost a lot of money. Placing short bets on game. Stop over the past several months. Those funds of course are able to keep trading where and whenever they like of democratic lawmakers are also calling for regulation including congressman roque connor who present silicon valley the biggest challenge in my view as you listed with technology and more to do with the financial regulations. I mean the fact that we have hedge funds that can go short stock and then go on. Television and tell people to sell is appalling. We need regulations on that and a financial transaction tax now. What technology did is it gave ordinary people the ability to stand up because we don't have the regulations they said. Well we're going to do something to beat the hedge funds and it did give individuals the opportunity to do that but we really need is a regulatory framework provin has restricted trading on certain stocks for certain traders and that does seem to upset the narrative that this app has come along and decentralized and democratized trading for all exactly i mean that was the hope but then went when you first see the retail traders winning which is such a rarity the next day they come out and they say that they're going to stop trading for ordering individuals but hedge funds can still trade off hours that's inexcusable and that's why i've called a along with representative ocasio cortez and several others for a hearing in the financial services committee to investigate. Why robin hood made that decision. Whether they had any institutional investors influence that decision so there should be rules about what can trigger site like robin hood. Inapt like robin hood to stop trading. It shouldn't just be up their discretion and it should apply equally to everyone. There's no question. Though that absent regulation we have seen pretty profound changes in the financial industry because of intech and because of an app like robin hood coming along and forcing everybody else to make trading free and easy this is disruption right. This is the kind of disruption that your district has produced over and over. Yes and i think to the extent that there's disruption that is healthy is to be applauded. I'm glad that ordinary people actually got to stand up to hedge. Fund shorting but technology is not sufficient without proper regulations tended. Big miss here is what hedge funds are doing on a daily basis that gives them comparative advantage and these apps apparently are not being fair. I mean they're not giving equal access and that's the role for regulation. You have written that. We need to have a system that incentivizes crowdsourcing for making things and building things as opposed to driving up stocks. That aren't actually worth hundreds of dollars. What are your plans to do that. One of the things. I've been looking at is that the treasury department has a institution called federal financing bank. They ought to be lending and having debt in building. Factories across this country have electric vehicle. Factories have a new auto factories have solar plants. Were you lend hundreds of millions of dollars in conjunction with the private sector to re industrialize. America that would be productive investment. And we've seen that. When the government partners with the private sector in that kind of investment it actually initiates incentivize private investment and crowdsourcing. I think we've had an over financial ization of our economy and we need to think about how we're going to have productive capacity of leads to good jobs. I will say though a lot of the people who are on this wall street beth's forum who are participating in this movement i guess are saying this is crowdsourcing. That actually gets us paid in a way that we can't in our economy because wages are stagnant. Or we've lost our jobs or they're just you know that certainly not everybody but is there value in crowdsourcing that makes up for gaps in the american economy. There's definitely value that These folks have made money and my concern is that that shouldn't be the alternative to structural economic reform higher minimum wage. Actually good paying jobs. I mean it would be sad to me if this is the only way. They're working class middle class. Americans can make money. So i support on the side of the ready traders in this dispute but i think that we need regulations for their fairness. We need to make sure that they're not being taken advantage of in the future. A lot of people you know the more people trade. The economic studies show that they actually lose money if you trade a lot and so we need to have regulations on that and we have to have structural reform in the economy so people have options for getting good jobs and don't feel this is the only way they can make ends meet congressman. Ro khanna represents california's seventeenth district robinhood denied that any hedge funds pressured it to limit
The GameStop Saga Explained
"Have now. It seems entered the lawsuit phase of the game stop frenzy that is ticker symbol g. m. e. by the way as the volatility and the company's shares and those of amc movie chain blackberry. B b and nokia n. Okay continue to pace this morning. Robin hood platform of choice for a lot of what's been happening and smother retail brokerage firms as well started restricting trading on those shares lawyers have gotten involved in what has been started with. These trades is nowhere near over but we thought it might be a good idea to recap what we know. Look at why it's happening and trying to figure out where it might lead marketplace's refinish is going to do that for us all in two minutes here. You go so game stop. The video game store has not been doing so well. You've got some big investors who are shorting the stock meaning. They are betting. The sock is going to go down like they will make money. If it goes down ed's funds and other investors and other traders believe the game stop is overvalued because it's a brick and mortar chain. John jacobs direct georgetown center for financial markets in policy. And then you've got people who are betting game stop. Stock is going to go up and a lot of these people are non wall street people lots of small day traders who are coming in the marketplace sometimes for the first time these two groups are fighting millions of small day traders chatting with each other on reddit egging each other on to buy more hold onto the stock. Don't value drop make those wall street guys lose their bet that it's movement rising against big bolstered interests guillaume keller is one of those day traders on read it. He's actually based in paris and for him. It's become something more than winning a bed over a random video game store. The retaliation or around the android old rules treats greed for the best years. Keller doesn't actually mind losing a little bit of money in the end. If it costs a wall street hedge fund a lot which it has people keller of driven game stock shares up dramatically in the higher. They go the more a short selling hedge fund loses. James angel is an associate professor of finance at georgetown spikes in prices before. And we'll see them again and usually when they occur they end badly and badly as in the price eventually comes tumbling back down and small traders who had invested their savings hoping to make a quick buck might lose out but finance. Authors zachary care about says. Maybe we shouldn't assume that retail traders don't know what they're doing maybe they do. Rose might lose money. May maybe they said. If if i lose five hundred dollars during this but i could make five thousand. I'll all take that risk. And maybe for them. It's worth it
Robinhood Takes Stock
"All right. Let's talk a little bit more about the game. Stop saga which has really evolved quite a bit. Since we talked about it yesterday we had marketplace tech. Molly would to tell us a little bit more about short selling stocks and what was really going on with the game. Stop situation how. A sub reddit had driven a lot of retail investors to try to kind of take on the old hedge fund community and it's messy. It's messy so years where we are at least recorded at this point today. The stock trading app robin hood confirmed that it plays trading restrictions on several stocks included game. Stop also amc amc theaters blackberry costs and nokia letting users close or sell positions but not by new shares. So it effectively. Kind of made the whole thing plateau which might not have organically otherwise a pop up on robin hoods homepage said fifty six percent of its users own. At least some game stops stock. Which gives you a sense of how many folks were actually participating in this In other robinhood news. A class action lawsuit. This is probably the first of many has been filed against robin hood in the southern district of new york and it reads robin hood purposely willfully and knowingly removing the stock m. e. from its trading platform in the midst of an unprecedented stock thereby deprived retail investors of the ability to invest in the open market and manipulating. The open market justin. I know you've been following the story. It's a wild one. What do you make of this will. The there is no doubt that this is an absolute seismic change in terms of how a retail investors are going to treat themselves. But the big change here is that we've seen punitive action. Come in not only from robin hood but also from weibo which was another trading platform. That people left robin hood to go to when they made this decision and the larger question is exactly why they made this decision. A lot of questions. On exactly a whether or not robin hoods parent. Company has some financial stake in this game and whether or not they were protecting their own interests here. This is a meam that liquidated so much money from hedge fund that now we're seeing what happens when those folks who by the way are not only billionaires that run things like that but those are. That's billionaire money. That goes into the hedge. Funds that are making that are that people are trading for. Were going to see. Exactly how loud day can rattle these chains and and what we've seen over the past couple of days is pretty loud. What's interesting to me is seeing this go from being a red it story to kind of because of the amount of money. That's that's at stake seeing this kind of reverberate. Obviously there were numerous affected hedge fund. You know And molly we talked about that yesterday on the show and and kind of that the financial impact side of this boat seeing the tech platforms. React to this. I think has been really interesting. An how robinhood goes forward from this. We already saw. I even hesitate to call it a losing a ton of goodwill but they file a settlement early this year effectively deceiving a they probably something with jesse about deceiving customers about you know what they were charging for transactions and stuff like that. Obviously this is several orders of magnitude bigger. A problem for their imaging for an app called robin hood two seemingly a b. halting trading on on something like on these you know mean stocks. Or whatever you want to call them. I also i don't understand all the other ones but costs is a weird one to make just on a personal side. All of these are shorted stock. So this is where all of this all of this began was on a list of the most shorted stocks on the market Stop was number one and it was insane short. I'm sure there's a few people who had loved game stop to come back and like change their business model it'd be successful but mostly it was. Hey this is a great way for us to make money. There is not an also. There was not enough stock for the hedge funds to buy back and so if everybody bought the stock it was going to rise and that was there was no way for it to stop all those other companies. That you've seen blackberry. Nokia cost tootsie roll. They are all there because they were also on that list of the most shorted stocks. That's the only connection between all these things. I thought it just a coincidence. These are all style. Gic brands big emphasis on nostalgic. As in. yes you have you know. Maybe the heyday has been over for some time. It's interesting watching the Spirited debate online about robin hood but about you know any d- trading institutions that have halted trading of all the stuff saying. hey listen. Things are too volatile. We don't know what's going on. This is a little too crazy Nobody can participate for at least in the way that they want to make quick buck and so we figure out what's going on. you know. a lot of people are saying well. Who's who's who's leaning into robin hood what's going on here. Does do the hedge hedge fund people. And i'm using hedge fund just as the people who have a lot more money and have been doing this for a while. Do they just win. Because that's the way that it's been thus far and just more powerful And then other people saying thank you know robin hood's a start up you know you you you're using it for free i mean. Would you expect like this is easy. You didn't think it was just going to be this easy did you. So i think that story is just beginning because if the market can be manipulated so easily and read it is read. It is a very powerful thing when it wants to be but this happened all sorts of other
Robinhood Freezes Stonks!
"Robin hood says that due to quote recent volatility it is restricting trading in some stocks including game stop. Amc blackberry and nokia to position closing. Only that means. If i can translate you can only sell not by those stocks for the time being those last three stocks by the way stunks guess our stocks that people think the wall street bets folks will be targeting next quote free stock trading pioneer robin hood and interactive brokers both made efforts to curb the wild trading activity in heavily. Shorted names like game. Stop amc blackberry and costs on thursday. Initially shares up game stop reverse course and slid quickly in a negative territory as the word of the trading restrictions spread the stock which traded above five hundred dollars at one point in pre market trading was below two hundred ninety dollars per share shortly after the opening bell the steps by robin hood and interactive brokers taken thursday. Even more drastic than wet brokers did earlier in the week td ameritrade and charles schwab raised margin requirements on wednesday robin hood. Customers took to twitter to express their outrage surrounding the decision. Robin hood has made a name for itself through. Its mission to democratize investing for everyone the silicon valley startup with more than thirteen million pioneered free trading forcing the entire brokerage industry to drop commissions in late. Twenty nineteen and quote.
"blackberry" Discussed on TechStuff
"I'm getting or incoming message. I maybe I could read the whole message or it could at least see who's calling me and I could determine, oh, maybe I should pull over to the side take this phone call or no, I can let this go voicemail that actually led him to go back to his room that night, and he started tinkering. Around with basic electron. It components to see if he could build something that could do what he was thinking though, this was not meant to be like a finished product. This was just a proof of concept, but that led him down the path toward this idea of. Yeah. This is possible. I'm gonna make a device that can pair with a phone and give you notifications. And you don't have to take your phone out to look at you just glance at your wrist. And hey, what the heck I'm gonna lead tell time to which makes total sense because you already used to looking at your wrist for time. An also coming up with a small device to take care of your phone needs is not a bad line of logic because computers over history have been getting smaller and smaller until recently when they're kinda getting big again. Right. And I think this is sort of what spurred his imagination was this idea of if you look at the history of computers than you see them going from the size of a floor of a building to the size of a room to the size of desk or filing cabinet to the size of a desktop computer to a laptop. Up to smartphones tablets and the trend is going from specific purpose where it's really good at doing very specific things. But it can't do anything else to general purpose and smaller and eventually mobile and he thought well with this trend which has been going on since computer starting. Let's look at what's the next logical step, and that's where abo- computers. And so that's why I was thinking was that. Let's see if we can I think the world is ready for it. As it turns out that was an assumption that I think has yet to bear out. We can talk more about that hasn't quite panned out yet toward the end of this episode. But that was the premise. Yes. It was now unfortunately for him this started. This whole story comes about at a time where he was just slightly ahead of his time. Yes. Because he made a company called alert, and he decided to make a product called impulse which was a watch that did all the things that we previously talked about specifically with the black operating system. You know, it wasn't fun for a while. Well, and and again to be fair like he he started really working on this in two thousand eight in two thousand eight the iphone was not even a year old yet. Yeah. The iphone had come out in the summer of two thousand seven I mean, blackberries were still in popular use. And even if you wanted to develop for the iphone you couldn't because they had not introduced the app store yet that didn't get introduced till the summer of two thousand eight Android was not ready for public release until two thousand eight. So he developed a prototype of the impulse that worked only with blackberry. And but it it did all the things he wanted it to do it. If you've got a blackberry message, which blackberry has their own encrypted version of messaging, you could actually display it on the watch. And it was a cool companion piece of technology. It wasn't actually from research in motion, which is the the company that made blackberry. Yeah. I know a lot of people who own blackberries, and I know a lot. Who did own blackberries and a lot of people who do have smart watches, despite the iffy -ness of its popularity and in a big company meeting, libraries were largely business phones. You know, it's a lot more polite to glance at your watch than it is to pick up your phone and look at it not good that has stopped in still do..
"blackberry" Discussed on WBT Charlotte News Talk
"Blackberry pie for sale as well as blackberry jams jellies blackberry everything you can imagine we'll we'll be there i don't think i ever met a blackberry i didn't like this is this is sounding like the place that we've got to be today and tomorrow saturday and sunday for the conclusion of the blackberry finishers saturday night so don't come sunday 'cause we won't be there oh it's saturday night tried to protein saturday night all right so you got today and today only christopher show up on sunday road trip road trip during going to be any leftovers on sunday and it is definitely worth the drive it definitely is worth the drive so you know there is something here for everyone we also have a blackberry eating contest on saturday ooh it is so fun to watch if he don't wanna participate we have some great bands that we're bringing in and then saturday night we've got a lady named sandra hall who is in the blues hall of fame he's going to bring down the whole town on saturday night she's gonna be playing with the king be backing her up that'd be from six to nine and of course we'll have the full food trucks the wine and beer garden as well as very margaritas cider i like i said just about anything you can think of so you can bring your chairs at downtown listen to some great music or still visit your vendors they'll.
"blackberry" Discussed on WBT Charlotte News Talk
"Our chickfila kids blackberry patch complete with blackberry milkshakes and women made and whoa whoa whoa whoa black berry milkshakes oh yes it's everything black mary have not had a blackberry now when i was when i was a kid my grandfather made blackberry wine matter of fact my grandfather made wine out of about any kind of a bear let me tell you what us kids were allowed about a weed ram of that on any special occasion and that was some fine stuff but i've gotta ask personally blackberry or blackberry pie ooh oh and we have the world's largest blackberry patchwork cobbler that marches down with our parade at twelve thirty and we serve about three hundred servings free to firstcomefirstserved right there and then what time does that happen christopher and i will be in line so we have what we call the blackberry brigade parade the carolina panther percussion drumline starts that parade for us at one end of the town we marched through the downtown which is complete with our master of ceremony we have local people with their drums and noisemakers we have the live size new orleans puppets followed by the children and their instruments and then the cobbler and it's carried in on probably about eight huge pallets take six people per pallet bakary and we marched that into the town center and we set it up on tables and our volunteers began serving to all of our attendees and as i said i come i serve it doesn't take too long for that to get distributed i wouldn't say so i would be eating some in a heartbeat now will guinness book of world records will they be there on hand what we've asked them we we asked them this year in and they took an interest but they they are not coming but we will get one of these years we are these state sanction blackberry festival so they're going to have to take notice what i don't mind telling you i feel like pavlov's dog right now i am following that blackberry cobbler down the parade route as we speak in my mind and i can i can smell it right out of the yes holy cow that's that sounds so good and.
"blackberry" Discussed on KBOI 670AM
"It is a gorgeous day outside is just absolutely beautiful so i'm sure everybody's out in the yard doing stuff i would be yeah exactly i would much rather be watering some plants i got to put my tomatoes in i put some tomatoes and peppers in last week on mother's day i got my wife her berries that she was asking for so i got we went to the nampa store the franklin are not franklin the boulevard store and they had a nice store enlists blackberry i don't remember the variety it was but it was a ruin ice blackberry compact blackberry bush so it's not supposed to get huge and then we got a blueberry little blueberry bush right i'm hoping that i can keep those alive and actually get something from so my daughters my my oldest daughter actually was super excited about all of it she was like oh yeah i want to go do it and every day now she's when i go pick her up from play rehearsal she says did you water the plants does your water and because she wants to know if i did it so that she because she wants to do it she's like don't do it because i'll do it when i get home now that you probably did and you were saying i've had you were having an issue with your your.
"blackberry" Discussed on Recode Decode
"Hi i'm kerry swisher executive editor of recode you may know me as someone who actually had a blackberry in my hand when i was having my son sixteen years ago which was really problematic thing for the doctors but in my spare time i talked tech and you're listening to rico decode from the boss media podcast network today in the red chair is john chen the ceo of blackberry before joining blackberry in two thousand thirteen he was the ceo of sybase he also serves on the boards of disney wells fargo and the national committee on us china relations will have a lot to talk about their john welcome to rico deco thank you so we talked on the stage at the code conference or all things d i guess back then when you got there when you first got there let's like review review your background really quickly for for people who don't know you and then talk about what you've been doing a blackberry since okay my background well i i was born in hong kong in hong kong came over to united states with schooling went to brown university that's junior and degree went to caltech for my master engineering pretty ship places decent schools and and i started working in the united states and as an engineer designing microchips microelectronics company called boroughs i remember an became unisys identity left and went to a company called pyramid technology as it went those stays with a eunuch spock's of supposed to replace all the ibm mainframe that was at the time i the downsizing rightsizing movement the open systems and all that so i went there and then i sold that company to siemens being part of the siemensnixdorf board stay for a couple of years and worked out at munich most of the time that's where my office was actually pretty i always like to tell people my i have the longest commute centers cisco san jose to munich i which i did travel back before a lot at a time anyway nineteen ninetyseven decided to return back to the bay area.
"blackberry" Discussed on Vector Podcast
"No they still leverage their cloudbased services for things like ext you don't making the set up of your email accounts or easier by by leveraging that the connection to the knocking all the back and heavy lifting they can do but active sank as the protocol used for her doing all the email and in and all that same as an android phone same as naipaul um so that part of blackberries magic is is gone right there yeah you look at the extent even that blackberries relying on android apps that have been hoarded over to become blackberry ten apps and you'll think a a big chunk of the blackberry world abc catalogue is it for bb ten is comprised of android apps se happens device which is kind of losing its blackberry dna in picking up other pieces totes at put it all together which is interesting because they didn't license android produce android device is to begin with because they wanted to control their own stack and now they're stack is heavily leveraging parts that are not nasal so again if we go back to that decision a few years ago raid pat the on what i said is kind of problem to number three when they could have made the decision okay but cisco android you know we know we're going to lose some control we know we're going to get a little bit more into the hardware game but if we really focus on her software differentiation on top of android y'all maybe there's a long lifespan hair now when you look at it and you look at by greece biggest problems were blackberry ten the most of which the biggest one which in my opinion is apps a lack of this complete ecosystem they would probably be further ahead right now because you know their challenges they try to really really hard to get developers on board said to make the the ecosystem story worked for bb ten and i really feel it just didn't and if you go back to launch a black returned phones people for the most part like the uri they liked the multitasking experienced in lake things like the hub like they they don't like the feature set amid a say thought perfect they're still some things that it was a little too complicated for for some users you know it's not as easy.
"blackberry" Discussed on Vector Podcast
"Our full in the beginning were sort of coming to an end and it would be really hard to transition beyond those like god's again very fair assessments yeah let's let's speak specifically to the infrastructure side right i think you're right i mean even on a handset side one of the things we've always said was that specs kind of don't matter on a blackberry because y'all off like the whole thing was the designed to get the max speed and efficiency of whatever specs he threw at it so it all blackberry running six hundred megahertz to me the the experience on the device was faster than a euro android phone were running one point two gigahertz it wasn't an applestoapples comparison is like having one gig of ramses is good as and with having two gigs yeah exactly an end of course people focus on specs all the thompson felt like blackberry was falling behind yet again in arguably they were on specs but in terms of performance overall speed in that was very good for the proudly hand was as blackberry through horse more specs into the device because they knew they have to write and and also knew chipsets come out you know qualcomm in these companies don't miss keep selling you don't four year old things they want to move their production cycle in the new hardware also yeah blackberry steps up one point two gigahertz on the b b o s and you know the problem there is you use it and you're like well it's still fast rate it wasn't really slow at the basic things like navigating uri and opening closing this but it's still also chokes rate you could still see our blasting you can still see leggett at weird moments and it was down at the architecture levels so yeah you throw more performance into the hardware but it was never designed to soak the performance better and better specs right was kinda like once it had appointed to us as fast as he was going to get an more wasn't necessarily doing anything it still had problems like hey you're talking about apple with with the you know they get eleven one gig of of uh ram it you need to remember at least you could install apps in that onto the memory wrath of it's a sixteen.
"blackberry" Discussed on Vector Podcast
"Croatians and also development expectations for blackberry because the ac they'd be saying we're not launching with this thing half day it's fully bates but but maybe not so the feature set you wanted to see but it's fully bait instead they positioned as a brick in full or tablets missing features which now distracts the company for the next year to try to fix with miss and so they had to like jimbo also he goes on tv and says lab made of email and sixty days do you think they even started writing that app at that point no you know late like that was news to the engineering teams they're going to have a saint sixty days was obviously something they were going to get done but it wasn't it wasn't going to be done in time solve a sudden they're pulling resources together to try to commit to what deliver on what the ceos promised unsee beats stories like that which are a distraction for the company but but important to note at this time is you're still selling blackberry phones at that point blackberry six phones were still on the mark it looked the first torch on a woman you know the bold ninety seven hundred ninety seven eighty and people are waiting for another generation of blackberry phones because now it's been a long time since we've had one and what happens is blacker has to pull a bunch of their b b o s resources onto the playbook a west helped solve that at in the meantime blackberry seven phones get delayed and get the late and get the laid in this becomes kind of the turning point on even the cash vote not not the cat yet did all the castle on sale side for the company because now you know we're waiting several quarters it's like well black reforms are supposed to be here first quarter twenty a levin i think it is or or even last quarter 2010 and instead on their noughts and then it's the second quarter and then it's the third quarter and so i think finally august twenty eleven that the bull ninety nine hundred comes out in in all of a sudden we had no the bull by the 900 the new torch and the the big.
"blackberry" Discussed on Vector Podcast
"The company even bv i'm going cross platform rate it might be claimed the word aga labs but what do they do they get on stage would say idioms were cross cloth were you'll see it in you know by the end of summer and they've been doing this year after year after year where you know you could argue wants us the timing of their shows the not not hind the specifically to product announcements but when the ready to announce though but it it just the fact they don't do that makes it always feel like they're doing these things in a very public catch up tashchian link back for a second the playbook was interesting to me because at when it was first announced it seemed to me at least like a distraction like blackberries core theme was phones and that all the time and effort they were putting into the playbook would probably but you'd be better for them to use to make the phones go faster but that's easy to say from the outside i don't know what was going on with their engineering department now that the playbook thing sort of came and went do you think it helped them in any way or was it a distraction well glad you brought that up slid talked about black raise first big mistake it was not taking the iphone seriously it up and and at that point since two thousand seven starring rebuilt so the playbook is kind of their second and third mistake combined his that became their chance to make a decision prayed that that was blackberries realization to say okay were going to need a new platform here now the story goes that that you don't blake mike lazaridis may be to noon wanna make the playbook gasintensive a product as it became at launch where the initial conception for the playbook was to have sort of an accessory for your blackberry phone that was sort of like a any e reader picture like a bigger screen for your blackberry basically like would ever do my blackberry i can just viewed bigger on a playbook so it was sort of like a window that made it a night nicer for picture you don't browse you'd like a companion delays electrocom folio was supposed to be kind that yet which again i think that was announced.
"blackberry" Discussed on Vector Podcast
"You know they they find new revenue streams and it's kind of the never bowled that technology was going to build out so i think blackberry y'all for carriers to make that kind of investment in their infrastructure and develop those sorts of networks they need the products to sell that are going up hopefully recoup that investment and blackberry was the company at that time that was the basically the one the carriers could take advantage of an end what's interesting was those data that works were not very uh advice you'd say it's other that weren't sufficient they just didn't have a lotta band with other hugely expensive hugely expensive so blackberry built up and infrastructure that was year it being extremely efficient trade so i know we've talked about the knock before the network operations center and you know that was blacker his way of okay you'll rid take the data your boat the sand compressed the heck out of it so that instead of sending heavy amounts of data across these networks will send data that has an extremely small what print to it that some that helps concern the the integrity of these networks very fledgling at the time by the carriers were able to get experience in this seed how people use these types devices and really learnt worn on the back what blackberry was doing because they were taking i think they were using the networks more than anybody else the did have looks more than anybody else at that time i remember i had a friend who worked on networks and a carrier he's like oh my god blackberries so hard on our networks and i remember telling him oh just wait until you see iowa said android because literally hadn't hit canada yet and who can hit you like a freight train but if the the interesting thing and i wonder if this is true blackberry messenger bpm is off the you've joked that put the cracking crack perry but it's the running gag on that was if you worked in wall street or you worked in big corporate sales you had to have a blackberry and if you want it to date somebody who did that you want to be be 'em so that you could talk to them and then if you were friends and family with those people they insisted you have bpm to and as such.
"blackberry" Discussed on Vector Podcast
"People rogge longawaited they may have a lotta people you know heat along the way also while they're doing those changes but the abilities there and we if you look crowded business success stories you'll see examples of that but a common like black period you don't at a time when they shifted from enterprise to the consumer market you don't there was a lot of hesitancy within the company people were hesitant to make that change and and also they didn't hamper core competencies that you need you know as a as an enterprise companies specially one us so look securityfocus like blackberry too i mean different used to talking to the market i mean they would do the things they had to do as a as a publicly traded company right so when the ceos would have to get on a called that they would reluctantly do it's they were very good at it added under the old management but they could do it but i remember the first blackberry conference i went to the other price three hundred employees at this thing but blacker that time was you know darts boots they didn't really know how to treat clogged with pr and and you know media that much they didn't really want to remember being told by a vitamin plea that they were literally reached before the trade show started to watch out for these socalled bloggers don't say anything to them because what you say could end up all the inner at and we were viewed as evil you know any that marketing blocker never had a chief marketing officer for a couple of years it was it was sort of a function of the ceos who knew nothing about marketing with tight oversee and because blacker was being so successful in sales because the carriers need them successful you're you gotta remember above this time and yet ongoing away windows mobile wasn't very consumerfriendly people like the blackberry phones and and they built devices like the pearl of curve and that was it right there was nothing else there was no apple iphone there was no android at the time there is nothing else so blackberry really road a massive wave propelled.
"blackberry" Discussed on Vector Podcast
"No i think they were a bit of a company that came out of nowhere and and i mean if you think about the big technology companies most of them tend to have long histories of of being a round because it takes a lot of capital a lot of talent to make it in this world and also it's very hard to grow to a big size without some big incumbent acquiring you along the way so the fact that a company like blackberry did sort of pop up relatively out of nowhere neil started by a couple of guys and road to become the size it did uh and and keep it to themselves have become one of the big players in the market is actually a fairly remarkable story you don't see that often in this space especially not coming from canada eddie most of his or either traditional japanese companies or american companies exactly so what was it that at least t what was it that me blackberry so successful you people joe can actually move your site crockery dot com that it became an addict two uh sort of a thing became part of people's lives what was at a national poll for you i mean i think a couple things right i think blackberry in the beginning in the early days the solve problems for people and they did start off may gang the blackberries smartphones of today notes amman wilde's were rival that product they started doing other things right they made these by they made these they were building like billboards systems for car companies i think for factories to use like micheals rita says the smart guy he was an engineer and he was trying to to run a small business and and try to make way for himself in your own by by falling into a couple of areas you know one was like studying up on wireless technology and everything else and in radio systems uh they developed the core competency in that and then as kinda the technology emerged with a wireless networks and carriers having some band with the play with it is and something they help.
"blackberry" Discussed on Revision Path
"One of our founders has a background in something pretty close to hci is an industrial design and so hd iso thing that's actually pretty important to us so the the you know the cross between design usability and engineering in all of those things coming together is just pretty unique in part of our special sauce how did you first find out about mail champ oh this is my favorite story semiorganised orient milch i had known of them just before i became a customer okay so i was running a consulting business and we basically did staff augmentation new super small was me in one other fulltime person maybe a couple other part time folks in as it happens with most consulting businesses i would look around and realized that the only thing we had a value is our time and so i thought well i really want to get past that and start to build products and have something a little more cans of all that's of value so i decided to start building products i know new that i'm a terrible marketer so i decided to start building products by following a system called lake in as a business model okay that basically means find a gigantic host and find something that they need for their customers that you can serve so what i did i was using a company called fresh books for invoicing and it turned out my specialty and software at the time was building blackberry applications you may remember things called blackberries this was two thousand nine so i built a blackberry application for fresh books oca end to market that application a used milch in an along the way i realised milch didn't have a blackberry application so i built one and december two thousand nine i sent an email asking for permission i basically said i mean engineering by myself i am terrible at design so i'm going to just take all of milch hymns colors and styles and i hope.
"blackberry" Discussed on Pocket Now Weekly
"Like i i met i met the tcl guys back in or the blackberry mobil you know president tcl president nicklaus adel them back gets up a world congress herds here guy bumped into them at berlin in that eddie and i said them when i first met of an y'all kevin being very ah uh just not thinking what's politically correct and proper manner at all i've just like you guys got some balls because like if i read your copy i don't know if i were taken on the secre epa uh you know so i'm like i tell ya experiment is the experiment for that is signing that deal a judge had and blackberry that is a huge frick in raskin at i think it's at all i just look at the way this year's unfolded and and obviously you know they're they're still plugging away they're building momentum it seems yale they started out saying they're gonna launch an five countries with the key one and i think by the end of this year it's going to be thirty plus yeah so what started off as a very small team i think pretty modest ambitions they're seeing the traction and they are response from carriers you know countries around the world to keep you know to literally bring this thing that and yelp blackberry blackberry they pretty much lost all that right like once once bb tended and take everything condensed down and they went to like directselling only online carry relationships gone slight everything this your beatty mobile has been from scratch rebuilding i mean even if you look at the things like their social channels you die blackberry has twenty five million facebook likes but you'll blackberry mobile had to start brand new and i guess it'll blackberries telling the story of where a software company so bb mobile has to rebuild everything around phones again and it's going to take time.
"blackberry" Discussed on The CyberWire
"This is how to read it from right to left we haven't seen that to be very effective um what we recommend is trying to get people to recognize the patterns any emotional triggers that an attacker are going to use in order to get you at that moment of susceptibility when you are for it worked in the morning when you are going through those emails so from can get you to recognize these trigger slight fear award curiosity urgency than we can get you better equipped to deal with that when you get a real fishing now that's aaron hague be from fish me a number of patches that didn't make it out last week have now been issued oracles quarterly patch addresses 250 bugs and people soft closed a remote code execution vulnerability this patch was one of those included in oracles update blackberry has updated its workspaces server to close to vulnerabilities one of those cv e 2017 93 68 fixes a file server api that could respond to a specially crafted get request by allowing an attacker to view file servers source code the other blackberry issue cv e 2017 93 sixty seven is rated crucial it's a directory transversal that permits a web shell to be uploaded to the servers web route where it could be used for code execution lenovo sfor patches threat post says they were quietly rolled out address android flaws in the company's mobile devices both phones and tablets that could permit remote code execution.
"blackberry" Discussed on 77WABC Radio
"To my business life with breakfast meetings no we don't i get this walking home the other night from the studios in a good mood i happened to look to the left of the notice the store and honored that said breakfast but right and in there it hit me that's what i want to talk to you about tonight now let's slow this down before we go anywhere from route ready get started who says it's okay to extend my business stay with breakfast donor work hard enough as it is i think i do i got an idea i wanna sturrup some here okay let's call this hm it's cool this segment the breakfast in the blackberry what is the breakfast than the blackberry have a common i'll tell you what for a guy like me who loves change i have to admit i was the only one of the few that resisted the blackberry for the ons said i was computerliterate amid it my business to under stay in the company software emails email systems lotusnotes all are tracking systems i was a student and i was an ardent supporter of the it function in our company i was laptop literate before anyone and i carried my laptop everywhere i was the tekee no one would look at me and ever think i was turkey but i'll tell you what i was very competent nor technology they'll speaking fun one of my favorite is this pastimes was and is being underestimated i have been underestimated my entire career people of judge me on the way i look rather than the substance but i'll tell you about that another time i hope you don't mind me ramble than a bit but i'm evan fog tonight let's go back left up i have the ability to play cds on my laptop stole my photos contained my personal information business emails dress whereas of blackberry started out simply as this email device i was happy i was detained noil had one device the digital with the exception of my cell phone which was on a smartphone at the time which in the beginning was just the phone but a very cool looking phone but then blackberry showed up not necessarily the first smartphone actually the.
"blackberry" Discussed on Tech News Today
"You can pick one up for yourself at blackberries website amazon and best buy online or at select best buy stores it's going to be something that you add to your collection of android phones all probably nakal window to promote for myself though i have the habit handson within a week ago um on all about android or gust of brought it on then josh verdadero from andhra to thirty and he had spent almost a month with a he will like he's like this is my new phone it's an awesome device just last night we had matteo doni on his repeat a guest on all but android and hip later around with it for a month in he says the same thing he's like this is this is blackberry running android done right and what's so weird about that is that hmd it was not blackberry that's doing the hardware anymore blackberry kind of exited from that and so yoga holding company hmd and so they got what they needed to get right right out of a blackberry device which is very appealing to a longtime blackberry users there are certain things that they loved about their devices they got the keyboard right in this case and that's a that's been a a big failing in any of the previous um tries even coming from actual blackberry and not hmd so it's pre pretty remarkable that they came out of the gate with this and made so many of those users super happy with how they they integrated everything did you swipe on the keyboard i didn't i actually i mean handson with it was very brief i didn't actually get a chance to super dive into it i just got a chance to get a feel the keyboard and because i had had blackberry years ago when when i was working at cnet and you got very used to kind of the feel of the keys and then some of the later blackberries that they released um running android the very first ones just didn't have the same feeling like if if if you're going to pull people back into this hard.