Chen admits he has a “50:50 chance” of turning BlackBerry around

Chen admits he has a “50:50 chance” of turning BlackBerry around

CEO John Chen opened up about hismission at BlackBerry in an interview for the Financial Times. Hebelieves he has a "50:50" chance to turn around thestruggling company. The CEO aims to make BlackBerry's cash-flowpositive by the end of its current fiscal year and return to profitbefore the end of March 2016. He also hopes that BlackBerry will, eventually, become a dominant market player again.



Mr. Chen believes the company has toact now, and refocus on its "heritage and roots - deliveringenterprise-grade, end-to-end mobile solutions." He brieflycompared his task at BlackBerry with his successful turnaround ofSybase, which went from stagnation to being acquired by Germany's SAPin 13 years. That's quite the chunk of time, but under his helm, thecompany did manage to achieve 55 consecutive quarters ofprofitability and a market capitalization of $5.8 billion, up from alow of $362 million. Obviously, the situation is more difficult withBlackBerry. Chen said "it's a bit more challenging to engineerchange" in the Canadian company, without elaborating further.



John Chen stated that "it'simportant to stay positive" and commented that BlackBerry'senterprise customers tend to stay longer, although they are harder towin. Recently Chen scoffed at enterprise competitor Good Technologyand US wireless carrier T-Mobile for their BlackBerry-underminingpromotions, which gave customers who want to ditch the company'sservices and phones an advantage.



Although BlackBerry fans are asoutspoken as the company's CEO, T-Mobile's 94% trade-in rate ofBlackBerry phones goes to show that the company's former managementcouldn't deliver an attractive portfolio of consumer products.That's, once again, something Chen's BlackBerry is starting to lookafter. It has already begun offering phones that directly addresscustomer feedback and market opportunities. The BB Z3 is an offering for the emerging markets, which BlackBerry used to lack, while the Q20 brings back the trackpadand buttons “toolbelt” from older QWERTY-handsets, which BB fans missed. More powerful and compelling phones, including onewith a 64-bit octa-core CPU, are planned for the non-distant futureas well.



source: FinancialTimes

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107 Comments

1. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

Here's an idea Chen, try adopting Android. If it fails, hey at least you tried something different and didn't repeat the last several years

4. LiyanaBG

Posts: 381; Member since: Nov 07, 2013

BlackBerry can only survive only if they use andriod.

8. thealphageek1

Posts: 942; Member since: Feb 02, 2013

Because using the "Android Only" method has worked so well for Motorola and HTC....

10. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

And using the "BB OS" only method has done WONDERS for Blackberry......oh wait

13. thealphageek1

Posts: 942; Member since: Feb 02, 2013

It is. Their stock is up 70% since Chen took over. The bleeding has stopped. QNX, their company, has 70% of the car infotainment market. BBM is getting bigger and doing extremely well. I'd say it is working. Can Motorola, and HTC say the same for their approach to the market?....oh wait....

14. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

What is in your pipe? Their stocks are at an all time low. They raised marginally when Chen took over and dropped right back down. They have completely fallen out of the phone industry, so much so they don't even account for 1% of phones sold year to year. QNX is a joke and this fantasy world you're living in where BB has a bright future is entertaining but still very much a fantasy. Can LG say Android worked? Can Sony? What's that? Motorola just broke their own sales records with the Moto G??.... oh wait. I guess you're wrong and probably high

16. thealphageek1

Posts: 942; Member since: Feb 02, 2013

Try removing Androids sack from your eyes and reading news from a site other than phone arena. Their stock has gone up since Chen took over and it has stayed up. And QNX Is a joke? Are you serious?! That right there tells me you haven't read anything outside of phone arena. Motorola broke their own sales record and is STILL losing money. Android DOES NOT work for everyone. HTC can attest to that. Try expanding that tiny little world of yours outside of phone arena and you just may learn something. And lose the shaft from down your throat while you're at it.

18. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

Again, QNX is a joke. Their stocks are down and keep going lower. They have no future in the consumer market. Android works for plenty of manufacturers which is why its the most dominate mobile OS around the world. If you weren't such a BB loving neckbeard you could see what the rest of the world sees and that is BB is doomed unless they do something different. BTW. I read plenty of sites other than Phonearena. If Phonearena is so bad why do you love posting on it? You really need to stop blowing Chen and swallow a dose of reality and not his n***s. Thanks

26. thealphageek1

Posts: 942; Member since: Feb 02, 2013

There stocks are not down. Clearly, you don't read up enough about this stuff to know any better. Get off Androids sack and get the pubes out of your eyes enough to see the truth. And the only joke around here is YOU. QNX is THE dominant OS in the automotive industry and is used world wide to power mission-critical systems, as well as allow other OS's to run on top of it. Android cannot do this. And again, you don't need to be successful in the consumer market to have a successful business. How dense are you? If you didn't have your head so far up Androids a$$, you would know this stuff. Get away from phone arena sometime and maybe you'll learn something. On second thought, never mind. Someone of your LOW intellect just wouldn't understand. Now begone, I'm done with you.

32. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

BB's stocks are down. Stop crying. Next.

36. thealphageek1

Posts: 942; Member since: Feb 02, 2013

BlackBerry stocks are UP. Stop your wishful thinking, little girl. Now, be a good little girl and get off mines.

39. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

Blackberrys stocks are at an all time low. Next

42. thealphageek1

Posts: 942; Member since: Feb 02, 2013

BlackBerry stocks are rising. They have risen 70% since November of last year. Get off BlackBerry and get off mines. Move on, already.

54. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

Blackberrys stocks are lower than your sad little face

56. thealphageek1

Posts: 942; Member since: Feb 02, 2013

But still larger than your tiny little d**k.

61. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

Stocks aren't large, they're either high or low. Try again

62. thealphageek1

Posts: 942; Member since: Feb 02, 2013

And you DEFINITELY AREN'T LARGE, small one.

63. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

I'm 5'9. I fail to see what your point is

64. thealphageek1

Posts: 942; Member since: Feb 02, 2013

And you still have a teeny tiny d**k. And I fail to see any point in conversing with you any longer. Begone, loser.

65. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

So you admit you're gay? Only a gay male would continue to talk about another mans d**k. You aren't "conversing" with anyone. You are trying to make a point in defense of BB and have failed miserably all while I make you look more and more stupid lol

66. thealphageek1

Posts: 942; Member since: Feb 02, 2013

The only one made to look stupid here is YOU. Your lack of knowledge is appalling. You know nothing beyond phone arena, and that's really sad. My point was proven, and you're just mad that I don't agree with you. GET OVER IT. I'm allowed to have an opinion other than yours and to like something other than Android. And you must be a closet homosexual. Either that or you're mad that I exposed that fact that you're lacking elsewhere, not just in intelligence. We can do this back and forth sh** all day. I'm STILL never going to agree with you.

67. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

Now you're just making yourself look stupid LOL

72. thealphageek1

Posts: 942; Member since: Feb 02, 2013

If I'm making myself look stupid, then you must look like a pure idiot right now.

75. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

No. I look like a sane person. Try again

76. thealphageek1

Posts: 942; Member since: Feb 02, 2013

No, you look like an idiot.

77. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

No. I look like a sane person. Try again

78. thealphageek1

Posts: 942; Member since: Feb 02, 2013

No, you still look like an idiot. Tried again. Succeeded. NEXT!

79. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

No. I look like a sane person. Try again. You keep failing

83. thealphageek1

Posts: 942; Member since: Feb 02, 2013

No, you still look like an idiot. I keep succeeding.

85. D.Aceveda

Posts: 433; Member since: Jun 30, 2012

No. I look like a sane person. Try again. You keep failing

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