Homepage / Technology / As stock drops, BlackBerry CEO says he has a big 'breakout' plan to buy up companies
Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More Legal Matters and Netflix VPN Diabolique: Legal Affairs and Deception Ben Shapiro and Eddie Van Halen Discuss Legal Matters Legal Aid and Other Legal Issues Q&A Famous 21st Century Personalities in Dialogue Youthful Blog Post Expert Legal Insights: Top 8 Law Firms in Australia, Quasi Contracts, and More! Youth Slang in Legal Matters Steps to make Your Mother board Room Even more Productive and Meaningful Choosing Data Rooms for Homework The Enigmatic World of Legal Affairs and Contracting The Mystery of Legal Matters Understanding Legal Mandates and Guidelines in the Business World Celebrity Dialogue: Legal Matters and Personal Names Legal Questions: Answered! Mysterious Legal Insights and Tips The Mysterious World of Legal Agreements Legal Lingo: Reviews, Agreements, and More Exploring Legal Education and Responsibilities: A Comprehensive Guide Unconventional Wisdom: A Dialog Between 21st Century Icons Mysterious Legal Matters Unraveled The Legal Maze: Navigating the Legal Landscape Dialogue between Jared Kushner and Vasyl Lomachenko Legal Matters: A Conversation Between Prince and Lionel Messi Get Clued In: The Legal Lowdown for Gen Z Famous People of the 21st Century Talk About Legal Matters The Enigmatic World of Legal Agreements and Terms Are You Breaking the Law? Unusual Legal Questions Answered Understanding Legal Services, Parental Responsibility Laws, and More Understanding Legal Agreements and Requirements


As stock drops, BlackBerry CEO says he has a big 'breakout' plan to buy up companies

BlackBerry shares dropped more than 10 percent on Friday morning — but those who follow the company know it’s “about to break out,” CEO John Chen told CNBC.

“We will be doing acquisitions,” Chen told “Squawk Alley” on Friday. “If you follow the company for a while, you know that we are about to break out and do some investment in growth. That’s part of our big plan here.”

Though known for its iconic mobile phones, the Canada-based BlackBerry is now primarily a software company, with products such as cybersecurity shields and the QNX automobile platform. The company said last year it would spend nearly $75 million over the next few years on a self-driving car hub.

Chen said some cybersecurity projects are likely to contribute to this year’s earnings and that space might be ripe for acquisitions.

“The newer area of machine learning, as related to cybersecurity — we’re already a leader in that space,” Chen said. “We really would like to add more capability and features there. That’s one part of it.

“Anything that we could apply back to both our automotive business as well as our enterprise business, as we talked about,” he said. “And the other area is expanding the channel and the reach for our auto business. We have a very commanding lead in the market for auto software. …. We’ve got to expand our footprint in reaching much more globally.”

Despite Chen’s optimism, Wall Street didn’t react well on Friday to BlackBerry’s latest financial results.

BlackBerry earned an adjusted 2 cents per share, excluding items, on revenue of $244 million in the first quarter. That’s better than the breakeven level expected by a Thomson Reuters consensus estimate, although BlackBerry’s revenues fell short of the $264.4 million expected.

The light sales were due, in part, to a drop in its high-margin software and professional services sales. Chen said the company’s financial results were complicated by transactions that have taken place over the past few years.

“A year ago, we had a revenue from the good technology acquisitions that came off the balance sheets. So if you take that off … the year-over-year growth of our enterprise business was actually 12 percent,” Chen said. “So it’s not as people think — that it’s not growing at all.”

BlackBerry was also boosted by a $940 million windfall from a dispute with Qualcomm.

“The relationship is actually quite good. We had a disagreement [with Qualcomm] over the licensing and the contracts,” Chen said. “Both sides had agreed to be friendly, whatever the outcome would be. We happened to come out, in my mind, the right way. But we are also working a lot on technology … We are working together, we enjoy working with each other and we respect each other as companies.”

Still, Chen said in a statement the company intends to be profitable on an adjusted basis for the full year and to generate positive free cash flow, even without the Qualcomm arbitration award.

BlackBerry shares are still up nearly 41 percent over the past year.

BlackBerry has a slight advantage over its rivals, Chen said, in that it has proximity to some of Canada’s top college engineering programs.

“This area is booming,” Chen said. “The company has turned. We are doing well. From a financial point of view, we are investing. People like that, especially young talent.”

— Reuters contributed to this report.

Source: Tech CNBC
As stock drops, BlackBerry CEO says he has a big 'breakout' plan to buy up companies

Comments are closed.