John Chen successfully turned around BlackBerry

… About four years after his appointment as CEO, Chen’s disciplined strategy of playing to the company’s strong sides has paid off remarkably and BlackBerry has opportunities to increase its profits. Essentially, the company’s turnaround has been completed.

Equity analyst Paul Treiber has removed it from his risk watch, explaining that BB is no longer dependent on outside cash flow (such as Service Access Fees) and is no longer losing money on hardware production. Rather, it’s growing its software business and directing its efforts towards the ‘Enterprise of Things’ market.

This includes new handsets developed under license by contractors like TCL and Infracom, along with products like tablets and wearables – all based on Android, rather than BB 10, which the company abandoned long ago.

Chen believes there’s a place for BlackBerry’s Secure software into all kinds of devices, including BB-branded and co-branded ones. Security is the name of the game with BlackBerry, and the company can further strengthen its foothold there as it improves its financials and benefits from newfound investor interest. …

Source: John Chen successfully turned around BlackBerry

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BlackBerry Ltd upgraded as turnaround gains traction

BlackBerry Ltd. now appears to have less risks associated with its turnaround efforts, prompting an upgrade at RBC Capital Markets.

Following the Waterloo, Ontario-based company’s fourth quarter results that demonstrated it is no longer dependent on service- access-fee-related cash flow, analyst Paul Treiber upgraded BlackBerry to sector perform.

He also raised his target price on the stock to US$8 from US$7.50, noting that liability from BlackBerry’s hardware business has largely been eliminated. …

Source: BlackBerry Ltd upgraded as turnaround gains traction – FINANCIAL POST

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