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BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.


TSX:BB - Post by User

Post by nellybbon Nov 01, 2023 4:13am
248 Views
Post# 35710629

Thanks mr Chen for saving blackberry!!!

Thanks mr Chen for saving blackberry!!! John Chen stepped in the line of fire and rescued Blackberry from bankruptcy and a fate like Nortel Networks which was sold off and auctioned in pieces including all is IP and patents. In Nov 13, 2013 John Chen took helm of Blackberry and shortly after the company announced its Q3 2014 in December 2013 and the company lost 380,000,000 in that quarter. It's revenue was 93% from selling phones and charging service access fees. Only 7% of is revenue was from software. Today, exactly 10 years later Blackberry revenues is 100% from software and IP licensing. They are also expected to make a profit, show revenue growth and be cash flow positive for fiscal year 2024. John Chen transitioned the company to software and positioned it for growth especially in the IoT, but we he faced serious headwinds with Covid causing factory shut downs, chip shortages, and support chain problems. In Q4 2024 we will truly see what seeds John Chen and team planted. It's going to be phenomenal.
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