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BlackBerry’s John Chen Tells Fox Business That He Has No Plans To Dismiss the Handset Business

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After this morning’s crazy news, with no thanks to Reuters, John is busy trying to amend it, with no apparent help from Reuters. Now, John has just went on live with Fox Business Network, and again, he reiterates this very crucial point as well as other matters for BlackBerry. Check it out!

BlackBerry CEO John Chen spoke with FOX Business Network’s (FBN) Maria Bartiromo during Opening Bell with Maria Bartiromo about BlackBerry’s handset business. John Chen said:

I actually do plan on making money in the handset business and I don’t have any plans to jettison the handset business.

When asked about how long he expects the handset business to turn profit John Chen said:

it is going to take about 6-8 quarters and somewhere before that 6-8 quarters is going to have to happen” otherwise “we need to do something different.”

Chen went on to discuss Blackberry’s patent business saying they’ve had outside interest to sell their patents, but that’s not what they are going to do. BlackBerry is not in the process of selling off patents, but rather, they are actually creating more patents.

Next, John Chen went on to talk about the potential growth rate in the patent business saying that BlackBerry haven’t even started a patent business, but it is something that they are looking at intensely.

In fact, in this interview, John Chen has also commented on when the company plans to stop making cuts:

We are almost done [cutting]. I am sorry that we had to go through that phase” and that “I think it’s more like 90 than 50 [percent done] … we’re almost there” and “we are working on shoring those up and investing money back into the customer facing side of the equation.


Thanks Fox Business Network for this and be sure to check it out!

1 comment on this postSubmit your comment!
  1. Chen knows a business is built upon talented PEOPLE! Can’t keep cutting as it makes the best talented people nervous. They’re usually the first to leave once cuts start, because they can easily find new jobs elsewhere. Cuts must stop – they need to make sure the right people are in the right roles. Go BlackBerry!

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