21 January 2014

Typical DoD stupidity


Hugo Miller has a Bloomberg article about the latest dummheit by the DoD:
BlackBerry Ltd. stock surged the most in a month after the Department of Defense said the company’s smartphones will account for 98 percent of devices in one of its new networks.
About eighty thousand BlackBerrys and eighteen hundred phones and tablets based on Apple’s iOS software and Google’s Android operating system will start being hooked up to the Department of Defense’s management system at the end of January 2014, the Defense Information Systems Agency said in a recent statement.
BlackBerry rose 8.2 percent in Toronto, its biggest gain since 20 December 2013. After tumbling 33 percent last year, the stock has gained 37 percent this year.
The Waterloo, Ontario-based company has been losing market share to Apple and Android devices for years, as its devices failed to carry the same features and range of consumer-focused applications as the iPhone or Samsung Galaxy range. John Chen, who took over as chief executive officer in November, is reorienting the company toward its core of business and government users, pledging to predominantly make models fitted with BlackBerry’s traditional physical keyboard in the future.
The report shows that Samsung, the biggest maker of Android devices, and Apple are not making the inroads into military smartphone procurement that many expected, because they can’t always meet the security specifications the Pentagon wants.
“It’s a challenging specification and other vendors are having a tough time meeting it,” said Pollitt, whose brokerage owns shares of BlackBerry. “BlackBerry has already has got it.”
The defense agency known as DISA, which implements the US military’s information technology policies, will introduce the first phase of a new system on 31 January 2014 to make it easier for personnel to work on unclassified documents from wireless devices. A military app store will be included in the first phase and the program currently supports sixteen mobile apps, according to DISA’s statement.
Adam Emery, a spokesman for BlackBerry, is looking into DISA’s statement and didn’t have any immediate comment.
Today’s gain follows a nearly seven percent advance on 17 January 2014, after Citron Research published a report calling for the stock to climb to $15 on the Nasdaq. Trading was closed in New York City for Martin Luther King Day.
BlackBerry has a healthy balance sheet, with ample liquidity to execute its turnaround strategy and make the necessary investments for growth,” according to the report. Citron added that, while it more typically makes short-selling bets against a stock rather than a long position, this was not a time to bet against BlackBerry. “It is suicidal to bet against well-capitalized strong management in the enterprise mobile space,” Citron said.
Of all the smartphones they could've picked, they picked the Crackberry... (You wait; Rico says it won't take a month before the DoD is being besieged by people demanding one of those Apple iPhones...)

No comments:

 

Casino Deposit Bonus