CEO is on the BlackBerry board. This ex-CEO is also a big backer of another company working closely on the "Internet of Things." A few months ago, BlackBerry decided to pull out of Japan entirely, perhaps setting the stage to return with Sony as a partner. Finally, Sony has already indicated that it would support three mobile OSs: Android,
and another. BlackBerry is the next most popular. Therefore, BlackBerry could likely benefit from this kind of licensing relationship.
I'm not sure that Papageorgiou is correct that BlackBerry will ship four million BB7s this quarter. This won't affect his EPS estimate, though, since he's expecting no contribution from these phones. If it is light, though, it would mean it would be unlikely the company could hit $4.1 billion for the quarter.
However, I agree with Papageorgiou much more than I disagree with him on this quarter. Some of the other sell-side reports on BlackBerry make bold predictions on device sales but have a difficult time explaining where they came up with that number and how it trickles through to lead to an EPS estimate.
Papageorgiou may be way "out of consensus" on his call for BlackBerry this quarter, but I expect him to be closer to the mark than anyone else.
At the time of publication the author was long BBRY.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.