Feeds

BlackBerry's Heins beams: We WILL make some cash, just you see

Mobe supremo insists breaking up his biz makes less sense than the Q5

New hybrid storage solutions

BlackBerry chief exec Thorsten Heins has asked investors for patience while the company-formerly-known-as-RIM tries to figure out how to make money again.

Heins said that he was open to any options that might give shareholders some return from their investment, including licensing deals or even selling off the firm, Reuters, the Canadian Press and others reported.

"We are still in the midst of a major, complex transition of this company," he told the annual meeting. "This is a long-term transition for the company, but I can assure you that we're pushing very hard."

"BlackBerry will pursue every opportunity to create value for shareholders," he added.

The company's supposed saviour, the shiny new BlackBerry 10 OS, has failed to dazzle the mobile market, with devices carrying the system not selling as well as the firm had hoped in the first full quarter on the market.

Without a boost from BB10 and with another operating loss forecast for the current quarter, BlackBerry's shares have dropped another 30 per cent since it reported a surprise second quarter loss in June.

At the meeting, activist shareholder Vic Alboini of Jaguar Financial once more raised the option of breaking up the company to sell itself off in pieces.

Heins didn't give a definite no to the option, but said it wasn't the right move right now.

"Before you go into any option, you have to create value, and the value of the company 15 months ago was way less than today," he said.

However, he said he knew that stockholders weren't all that pleased with how the fortunes of the firm have changed.

"Clearly, in the short term, investors expect better results and faster progress from us," he said. "I can assure you, we are driving night and day to implement the improvements in our company necessary to build this as a strong company for the long term." ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.