12:32 pm - Wednesday December 13, 2017

BlackBerry’s interim CEO has `no plans` to shut down mobile business

104 Viewed News Editor Comments Off on BlackBerry’s interim CEO has `no plans` to shut down mobile business
BlackBerry’s interim CEO has `no plans` to shut down mobile business
BlackBerry’s interim CEO has `no plans` to shut down mobile business

Washington – BlackBerry interim CEO, John Chen, replacing the outgoing chief Thorsten Heins, has reportedly declared that he wants to rebuild the company and not shut down its mobile business.

The sinking smartphone manufacturer  to strike an acquisition deal with Fairfax Financial led by former member of the board, Prem Watsa due to funding issues.

Chen said that the foundering smartphone pioneer has enough ingredients to build a long-term sustainable business adding that he is going to rebuild the company, AllThingsD

The interim CEO claims to have dealt with such a crisis before, with Sybase, which was almost at a closure when Chen joined the company as CEO in 1998 and some 13 years later, he had sold it to SAP for 5.8 billion dollars, more than 15 times the company’s market cap when he took up the reins.

However, analysts believe ttu‹,üds‹,ds‹,the company’s one billion dollar write down on handset business, which Chen proposes to keep is essentially worthless, the report added.

Don't miss the stories followIndiaVision News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in
Bharti Airtel to acquire Warid's Congo-Brazzaville operations

Bharti Airtel to acquire Warid’s Congo-Brazzaville operations

Chinese economy showing recovery following one-year high in service sector

Chinese economy showing recovery following one-year high in service sector

Related posts