Hat Tip to SamBlackberry Comeback - Remarkable Turnaround Story.
I've been investing in stocks for nearly 20 years. Holding Blackberry for seven and intend to stay until at least 2023 and it's going to be 10 years in Blackberry on that date. Look, BB was an iconic company. They invented the smart phone. Like all tech companies, they got into trouble. Apple, Microsoft, IBM and so many did get into rough waters. BB fall was disastrous I watched a free fall from 20 bill revenues a quarter to 220 million. Market share from 20% in the mobile phone to a fraction of 1%
John Chen took over in November 2013. I bought my first share shortly after. In the Globe and Mail I read an article about John Chen I believed in him. John Chen said in an interview at that time. I have 50% chance to save the patient. Then it was 70% a few months later. Than 80% and 90% and he was asked why he stopped at 90% he said because I can't control the economic situation. Look , Blackberry comeback is making history. John Chen's strategy to save Blackberry is going to be taught at Harvard. BB is going to be iconic again only this time in software for smart cars. It's phenomenal technology story. Blackberry turnaround is indeed remarkable. Together with Amazon AWS / Blackberry IVY is revolutionizing the smart car technology. Blackberry is Iconic again. An icon is forever.
In California's Silicone Valley John Chen CEO of Blackberry has a reputation as a turnaround artist that's only second to Steve Jobs when he fixed Apple. John Chen will go down in history as the man who fixed Pyramid Technology, Sybase - the man who saved Blackberry.
An icon is forever. Blackberry me