Should BlackBerry Continue selling Smartphones in UK and Europe Even Though It's Losing Load of Money Every day
BlackBerry would Continue selling Smartphones in UK and Europe Even Though It's Losing Load of Money Every day
With a number of European still using BlackBerry after the introduction of the BB messenger to iPhone and android mobile phone deceives
Chief Executive John Chen said BlackBerry Ltd has no plans to shut down its loss-making handset business in Europe or around the world. The CEO still believes that BlackBerry Ltd have enough ingredients to build a long-term sustainable business,
The Hugh private equity firm Silver Lake which recently partnered with Michael Dell to take PC maker Dell Inc private has named Chen as one of its senior advisors.
Is BlackBerry Ltd look for new investors ?
A leveraged buyout with high-yield debt and at high interest rates was not appropriate for BlackBerry LtdChen, who sees the turnaround at BlackBerry taking at least three to ten months, said he plans to make changes in the company's executive team, bringing in new faces as well as promoting some people from within the company.
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"I'm doing this for the long term. I am going to rebuild this company and hopefully be come a world leader again
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