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

Internet Security Threat Report 2014

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." ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.