BlackBerry CEO Has No Intention to Sell The Company, At Least for Now
Since John Chen took the helm as BlackBerry CEO in late 2013, the Canadian tech company has been trying hard to make a come back in its once-dominant handsets division. The smartphone vendor has even seen a mild resurgence, especially after it released its square-faced Passport devices which made the company tempting enough to draw the attention of potential investors.
That is the reason BlackBerry acquisition rumors have been swirling around for a while now. Various reports even claimed that Microsoft had already hired Goldman Sachs to evaluate the possible chances of BlackBerry producing profits in the future. Lenovo and Huawei were also said to be preparing to make offers for the Canadian company.
In a recent interview with CBC’s The Exchange with Amanda Lang, Chen addressed all these rumors and made it clear that he has no plans of selling BlackBerry.
“I don’t have any intention to sell BlackBerry,” said the company CEO. “Not until the BlackBerry shareholder has good value reflecting truly what we have. Then, if there is a potential proper suitor that would take care of our customers… I have a fiduciary responsibility to listen. But until then, there’s not point in listening.”
As for why BlackBerry is still holding on to its hardware business and continues to build smartphones, Chen says his reasoning for that decision makes sense. He stressed that the company’s handsets might not be able to compete with those of rivals, but they are still preferred by customers who prioritize security over other aspects of the phone.
Chen said, “We make the most secure handset. Everybody, all of our competitors, will give that to us. Governments around the world are still using BlackBerry handsets. The emotional reason is, BlackBerry is iconic to the industry. We started this industry arguably.”
The CEO discussed a lot of other items relating to his company’s turnaround efforts. You can watch the full interview over at the CBC video site.
Gohar is the lead editor at TechFrag. He has a wide range of interests when it comes to tech but he's currently spending a big chunk of his time writing about privacy, cyber security, and anything policy related.