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Despite Loss, BlackBerry Has Some Hope for Future
Posted: 28-Mar-2014 [Source: New York Times]

[BlackBerry today posted a loss of 80 cents per share, better than analyst forecasts after excluding one-time items.]

Ian Austen -- "Although John S. Chen is relatively new to the roles of executive chairman and chief executive of BlackBerry, the Canadian smartphone maker, on Friday he presided over what has become almost a ritual for the company when he announced a fourth-quarter net loss of $423 million, bringing the total loss for the company’s fiscal year to $5.9 billion.

Despite BlackBerry’s relentlessly bad financial news, however, industry and financial analysts are no longer raising concerns that the once-dominant company is rapidly heading toward collapse.

Since moving to BlackBerry in November, Mr. Chen has revamped its executive ranks, accelerated the layoffs of employees, farmed out some phone development, cut costs and sold real estate."



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