CEO: BlackBerry has ‘financial strength for the long haul’
BlackBerry intervening time CEO John Chen
Stories of BlackBerry’s death have been very much exaggerated, as a minimum in line with its period in-between CEO. In a weblog posted Wednesday and aimed at the BlackBerry community, govt Chairman John Chen said the company is taking a look towards the long run rather than living on the prior. He acknowledged that BlackBerry’s effort to remake itself would require time, discipline, and hard choices. But he said he was once assured the corporate would recapture its previous success.
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“We have now begun moving the corporate to embody a multi-platform, BYOD world using adopting a new mobility management platform and a new instrument strategy,” Chen stated. “we’re additionally leveraging our excellent property, together with BBM, our community, and QNX. whereas we’re pleased with these accomplishments, we all know there’s extra work to be carried out.”
Chen brought that the company has “vital monetary potential for the long haul” and promised to keep delivering the services relied on by using its buyers. As CEO, Chen has to reassure shareholders and clients that BlackBerry has a powerful future ahead of it. But reaching that future can be a problem. A $4.7 billion deal with Fairfax financial to take the company private was once nearly useless on arrival. Presently, Chen himself, the manager chairman, is simply the intervening time CEO as BlackBerry searches for a permanent alternative for Thorsten Heins.
For now, BlackBerry plans to boost $1 billion through a sale of convertible notes to investors. That money must help keep it moving. But the firm still wants to figure out how you can push its services and products in a mobile world dominated by the wad and Apple.