RE: "All I care about is cash" Yasch, you are a halfway intelligent person so I am going to put something to you to consider. Thor stated that there will be a loss, but cash will increase. Most seem to automatically assume that means the loss will be due to intangible writedowns...Where did he say that the loss will be due to intangible writedowns and net tangible assets will increase? He didn't...He just said "Cash will increase". Note the following numbers.
| Cash and Equivalents | 1,504 |
| Restrictable Cash | - |
| Marketable Securities | 243 |
| Receivables | 3,637 |
| Inventories | 1,012
|
Marketable Securities can be sold, payment timelines can be reduced, which put moneys due (Receivables) into "Cash" a lot sooner, and Inventories can be reduced with a tighter "Just on time" policy.
To use the word "Cash" the way he did leaves it wide open. It may be a true loss, which to me is tangible shareholder equity will decrease, but his statement of "Cash will increase" may just mean that other tangible assets have been converted to cash, and/or tightening of the way they do business (Receivables and Inventory) put a greater percentage of those assets into the cash column a lot sooner.
Oh well, tis the day before the day. Tomorrow you shall know whether this loss is a tangible or intangible one. If it is tangible and the loss in greater than the market consensus , and he is still vague about the release date of BB10...Then God help you....Spin about "Key initiatives" and "A brighter tomorrow" will not cut it.