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DEC 23, 2013 - TheStreet

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Rumors of BlackBerry's Death Were Greatly Exaggerated

NEW YORK (TheStreet) -- How can a company report its worst quarter with losses of about $4.4 billion and still see its shares rocket 15% higher? John Chen, that's how. The ink on BlackBerry's interim CEO John Chen's updated business card may not have dried but that hasn't prevented the newest chief from asserting control. More than one c-suite office displays a new name on the desk, and even a board member has left the building. Over half the revenue since the previous year's same quarter is also gone. Total revenue for the third quarter dropped 56% to $1.20 billion. Subscribers are ... Read More

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