The good news is that BlackBerry (BBRY) finally reported that revenues are finally flattening out. The mobile company reported a very small sequential decline, a decline nonetheless. Excluding the $11 million revenue reported from acquired software, North American revenue was actually up sequentially. While this is an interesting first step, a valuation of $4.2 billion and enterprise value of $3.1 billion isn't very exciting. FQ1 ending in May will be seasonally weak so BlackBerry isn't very appealing until one gets closer to FQ2 and signs actually exist that results will improve. Disclosure: No position