Only twelve days ago BlackBerry pre-announced weak Q2 results, followed by a weekend deal with Fairfax Financial ahead of the normally scheduled financial results conference call that was to take place this past Friday. As followers of the stock are well aware, BlackBerry canceled its conference call and published it’s results without giving analysts a chance to ask questions.
As happens every quarter, BlackBerry has now followed up its press release with a full SEC filing, including the “Management’s Discussion and Analysis” section, which makes for very dry reading, but is necessary to dig through if you want to know what’s happening in the business.
Note that the NYT online contributor Ian Austen called this a “delayed regulatory filing”, which is factually incorrect. They always file with the SEC within a few days of the quarterly results press release. The best case is a same-day filing with public availability of the filing later that day, and often it’s not available until at least the next business day. I still think the company made a mistake by canceling its conference call, but it’s absolutely wrong to say a regulatory filing was delayed.