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   Technology StocksBB: BlackBerry (fka RIMM: Research in Motion)


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From: Sultan10/30/2023 5:00:11 PM
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Letter to BlackBerry Employees from John Chen


Dear friends and colleagues,

It is hard to believe that it has been 10 years since I joined BlackBerry. It is true that time flies and memories last forever.

Today I announced, with a very heavy heart, that I am retiring from BlackBerry, on November 4, 2023, now that the Company’s future has been stabilized. You may have heard the story before of how Prem Watsa forced me out of retirement in 2013 with a plea to save BlackBerry, an iconic company beloved to many people including me. How could I say no?

I joined BlackBerry with three key priorities. First, to ensure BlackBerry’s survival by repairing its financial health as the Company was just days away from potential bankruptcy at the time. Second, to establish a new strategy and line up the Company’s capabilities to deliver on that strategy. Third, to set the Company up for long-term growth. Now that each of these priorities has been achieved, the time seems right for me to leave.

As I look back at everything we have experienced and achieved together the list of best moments is a long one. We have built a company that is unquestionably innovative, has a clear purpose, is highly disciplined, and operates with integrity.

As a team, we have established ourselves as an automotive industry leader with QNX, growing our footprint in the market by almost fifteen times in the past decade. We have created IVY, a game-changing edge-to-cloud data platform for the IoT with exciting potential. We have maintained our leadership in the UEM industry with determination. We are setting new standards in AI cybersecurity, holding more than five times the AI/ML patents than competitors. We have a secure communications portfolio (AtHoc, SecuSUITE, BBMe) that is unrivaled. And the list goes on.

I feel proud to have kept this great company alive and to have defined a strategy that has kept us true to our founding mission and values. The Company now has a unique opportunity to build a world we can all be proud of – a trusted, software-defined world.

I am saddened to be sharing the news of my retirement from BlackBerry with you with little notice. However, I felt it was important that I wait for Project Imperium to run its course to avoid disrupting this critical next step for the Company; a company that so many of us have poured our blood, sweat, and tears into.

Know that I am leaving feeling deeply conflicted but also with being sure that it is the right time for it. The past 10 years have been a journey with ups and downs, but I am grateful for the time spent and I take many treasured memories with me. My sincere thanks to everyone who has made the time memorable and supported me. I wish BlackBerry great success ahead and will be cheering the Company on from the sidelines.

I wish that we could have all said goodbye in person and hope our paths will cross again.

John Chen

blogs.blackberry.com

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From: Sultan11/2/2023 12:45:23 AM
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Departing CEO wanted 'the BlackBerry brand to shine again'

bnnbloomberg.ca

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From: Sultan11/15/2023 3:08:43 AM
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BlackBerry Announces Partial Extension of Convertible Debentures


US$365M 2020 Debentures fully repaid; US$150M Extension Debentures agreed on substantially identical terms until February 2024

finance.yahoo.com

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From: Sultan12/11/2023 12:17:53 PM
1 Recommendation   of 1818
 
BlackBerry names insider as CEO, abandons IPO plans for IoT business

finance.yahoo.com

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From: Sultan12/20/2023 5:12:17 PM
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BlackBerry Reports Third Quarter Fiscal Year 2024 Results

  • Delivers sequential and year-over-year revenue growth in both IoT and Cybersecurity

  • Non-GAAP earnings per share beats expectations

  • Significantly improves operating cash usage sequentially

Third Quarter Fiscal 2024:

  • Total company revenue of $175 million.

  • IoT revenue of $55 million.

  • Cybersecurity revenue of $114 million.

  • Licensing & Other revenue of $6 million.

  • Non-GAAP basic earnings per share of $0.01 and GAAP basic loss per share of $0.04.

finance.yahoo.com

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From: Sultan12/21/2023 12:43:50 AM
   of 1818
 
BlackBerry (BB) Q3 2024 Earnings Call Transcript

finance.yahoo.com

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From: Sultan1/2/2024 9:59:20 PM
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BlackBerry IVY Updates from CES 2024: Demo the Connected Vehicle Data Platform for Yourself

blogs.blackberry.com

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From: Sultan1/10/2024 2:29:35 PM
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#BlackBerry software is embedded in 235+ million vehicles, including the Ford Motor Company F-150 Lightning. Drop by booth #4224 (West Hall) at #CES2024 to see how #BlackBerryQNX software is integrated into the world's best-selling electric truck, or schedule a meeting: blck.by


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From: Sultan1/17/2024 12:38:37 PM
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BlackBerry Limited (BB) 26th Annual Needham Growth Conference (Transcript)

seekingalpha.com

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From: Sultan2/8/2024 1:42:06 PM
   of 1818
 
BlackBerry Appoints Philip Brace to its Board of Directors

finance.yahoo.com

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