How would you rate John Chen?
- Hey fellas... and ladies?
Anyone know what phone Chen is currently using? I have not seen him pictured with one since the Passport.10-18-18 09:10 PMLike 0 - send him an email and find out. by the way, I think he is fulfill "peter's principle" now. even with SAF 12 million (drop from 37 million 2017 SAF) free money, earning per share still at lost of 0.04 per share. (4 million per month SAF that means still got around 1 million OS7 user out there to keep his lights on).10-19-18 03:30 PMLike 0
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He was a great pinch hitter that got BlackBerry out of a jam, but he hasn't been able to do anything to help investors long term. And it's not looking too well for his big investment, Cylance. It's been almost 18 months, and it's not showing anything that investors see as a real opening for BlackBerry.elfabio80 likes this.04-21-20 02:48 PMLike 1 - And five years later....
He was a great pinch hitter that got BlackBerry out of a jam, but he hasn't been able to do anything to help investors long term. And it's not looking too well for his big investment, Cylance. It's been almost 18 months, and it's not showing anything that investors see as a real opening for BlackBerry.04-22-20 01:15 PMLike 0 - Apologise for what? Saving the company?
BB10 was a cesspool and they barely got out alive.
If the BoD and Prem were unhappy, they would release him. Quite the opposite, they were so impressed that they gave him a 5 year contract extension two years ago.
What would you have BlackBerry do differently? They went the only route available to them - building on their expertise in end-point security.
It's a tough world out there, and they are only a small player. Google, Apple, Microsoft, Amazon, and some others have basically taken everything.04-22-20 01:18 PMLike 0 - Apologise for what? Saving the company?
BB10 was a cesspool and they barely got out alive.
If the BoD and Prem were unhappy, they would release him. Quite the opposite, they were so impressed that they gave him a 5 year contract extension two years ago.
What would you have BlackBerry do differently? They went the only route available to them - building on their expertise in end-point security.
It's a tough world out there, and they are only a small player. Google, Apple, Microsoft, Amazon, and some others have basically taken everything.
Something is wrong. Other small UEM/ESS companies are fairing much better than BlackBerry.... and they don't have millions in IP revenue to fall back on. Chen blamed things on the UEM sales staff last year, but in the end what was the problem and why didn't he see it coming? He clearly isn't a good communicator.
BoD and Prem were happy with the stock trading around $12 back when they rehired him. Some of the bonus levels like $18 seems very possible.... Two years later the train is off the tracks, and it's not just COVID related.
I think BlackBerry has a good line up of products... but they need to be sold, and that takes a salesman, not an accountant.elfabio80 likes this.04-22-20 02:10 PMLike 1 - There is a difference in saving a patient, and putting them into a vegetative state to live out their lives on a ventilator....
Something is wrong. Other small UEM/ESS companies are fairing much better than BlackBerry.... and they don't have millions in IP revenue to fall back on. Chen blamed things on the UEM sales staff last year, but in the end what was the problem and why didn't he see it coming? He clearly isn't a good communicator.
BoD and Prem were happy with the stock trading around $12 back when they rehired him. Some of the bonus levels like $18 seems very possible.... Two years later the train is off the tracks, and it's not just COVID related.
I think BlackBerry has a good line up of products... but they need to be sold, and that takes a salesman, not an accountant.
Although the product lineup seems good on paper, I'm not qualified to properly judge it against the competition in the various markets.
I just think he's doing the best he can with what he has to work with.04-22-20 02:21 PMLike 0 - There is a difference in saving a patient, and putting them into a vegetative state to live out their lives on a ventilator....
Something is wrong. Other small UEM/ESS companies are fairing much better than BlackBerry.... and they don't have millions in IP revenue to fall back on. Chen blamed things on the UEM sales staff last year, but in the end what was the problem and why didn't he see it coming? He clearly isn't a good communicator.
BoD and Prem were happy with the stock trading around $12 back when they rehired him. Some of the bonus levels like $18 seems very possible.... Two years later the train is off the tracks, and it's not just COVID related.
I think BlackBerry has a good line up of products... but they need to be sold, and that takes a salesman, not an accountant.04-22-20 02:22 PMLike 0 -
Stranger still is your insistence on an apology.
Pretty sure this has more to do with your long-standing grievance about the canning of BB10 - which really had nothing to do with Chen in the first place.04-22-20 02:45 PMLike 0 - Keep in mind that Chen didn't ask for the job - he was retired - and Prem convinced him to come out of retirement and keep BB out of bankruptcy. Chen has done that, but ultimately, Prem is calling the shots. Prem seems to be satisfied. We don't know if Prem contacted others before he got Chen, but that's likely - and it's likely that those others turned him down. Not many CEOs want to become captain of a sinking ship when the bow is already underwater.
BB's fate is certainly not assured - nothing in business ever is - but it's out of immediate danger. It's not as good as hoped for, but not nearly as bad as it could have been.04-22-20 03:18 PMLike 2 - Keep in mind that Chen didn't ask for the job - he was retired - and Prem convinced him to come out of retirement and keep BB out of bankruptcy. Chen has done that, but ultimately, Prem is calling the shots. Prem seems to be satisfied. We don't know if Prem contacted others before he got Chen, but that's likely - and it's likely that those others turned him down. Not many CEOs want to become captain of a sinking ship when the bow is already underwater.
BB's fate is certainly not assured - nothing in business ever is - but it's out of immediate danger. It's not as good as hoped for, but not nearly as bad as it could have been.
Chen -15/10 (helped destroy the company)
Watsa - 8/10 (greedy ***** may actually lose his investment anyways from stupidly allowing Chen to destroy it, in fact encouraging his presence)
BOD - 1/10 (just collecting a paycheque, what do they care - they're already retired - too many other eggs to fry)
The entire company is a vacuum suck - and now with little attention and little enviability in the market - at 500MM float, a company way out of it's league trying to play in the big leagues - Chen used up what remaining goodwill was left after what he destroyed to fund a little PR campaign about how John Chen saved BlackBerry, too bad startups can gain the same growth trajectory in about a year or two with no money vs this company that's still sinking cash every quarter - Next quarter Chen04-22-20 04:13 PMLike 0 - two thieves working with each other to plant themselves in the company, help destroy any perceived value, keep earnings flat, stagger out earnings while cannibalizing the businesses to show revenues and throw up garbage startups. Speedup by overpaying and making cash an issue again right before CD comes due. So obvious when looking at the timeline, Watsa been licking his chops to scoop up all the patents and everything in pieces and then capitalize on it in private outside the purview of the public.
Chen -15/10 (helped destroy the company)
Watsa - 8/10 (greedy ***** may actually lose his investment anyways from stupidly allowing Chen to destroy it, in fact encouraging his presence)
BOD - 1/10 (just collecting a paycheque, what do they care - they're already retired - too many other eggs to fry)
The entire company is a vacuum suck - and now with little attention and little enviability in the market - at 500MM float, a company way out of it's league trying to play in the big leagues - Chen used up what remaining goodwill was left after what he destroyed to fund a little PR campaign about how John Chen saved BlackBerry, too bad startups can gain the same growth trajectory in about a year or two with no money vs this company that's still sinking cash every quarter - Next quarter Chen
Care to share your "data set" now?04-22-20 04:34 PMLike 0 -
No, my post has nothing to do with BB10...sorry to hit your "ability" to read the mind of the persons here....consider in case my words as waporware....
I hope I did not hurt your feelings by critizising your myth!04-22-20 05:00 PMLike 0 - I personally think that for BB it is time for a change....He should resign....but maybe he has no economic interest to act so.... So he is going to stay longer, keeping on doing his silly interviews like two buddies at the bar, adding excuses.... while the shareholders are losing their patience....and money....
No, my post has nothing to do with BB10...sorry to hit your "ability" to read the mind of the persons here....consider in case my words as waporware....
I hope I did not hurt your feelings by critizising your myth!
In any event, why would he leave when he still has a contract to fulfill? His bosses apparently have faith in him.04-22-20 05:12 PMLike 0 - Three years ago....look at the performance of BB now.... Btw...do you save all my messages or of everybody else here? That sounds pervert....!!04-22-20 05:18 PMLike 0
- Abnormal sexual behaviours aside, it's actually not too hard to scroll back through this thread.
Last edited by conite; 04-22-20 at 07:56 PM.
04-22-20 05:20 PMLike 0 - I personally think that for BB it is time for a change....He should resign....but maybe he has no economic interest to act so.... So he is going to stay longer, keeping on doing his silly interviews like two buddies at the bar, adding excuses.... while the shareholders are losing their patience....and money....
No, my post has nothing to do with BB10...sorry to hit your "ability" to read the mind of the persons here....consider in case my words as waporware....
I hope I did not hurt your feelings by critizising your myth!
Fairfax and Prem made and offer to purchase BlackBerry Limited for $9/share and then changed their mind. The company was headed for $0, Zero, Nada, Zip, absolutely nothing per share. Prem bought control of BlackBerry for his initial stake plus $1 Billion of debentures.
I've never touched shares of BlackBerry since then and never felt a good idea. It's called a bear hug and only the bear ever comes out happy. The company literally borrowed money from a legal version of loan shark.
Posted via CB1004-23-20 08:14 AMLike 0 - There is a difference in saving a patient, and putting them into a vegetative state to live out their lives on a ventilator....
Something is wrong. Other small UEM/ESS companies are fairing much better than BlackBerry.... and they don't have millions in IP revenue to fall back on. Chen blamed things on the UEM sales staff last year, but in the end what was the problem and why didn't he see it coming? He clearly isn't a good communicator.
BoD and Prem were happy with the stock trading around $12 back when they rehired him. Some of the bonus levels like $18 seems very possible.... Two years later the train is off the tracks, and it's not just COVID related.
I think BlackBerry has a good line up of products... but they need to be sold, and that takes a salesman, not an accountant.
While I would agree that BlackBerry is currently not having a clear product vision, at least from my perspective as an outsider, it is basically still in survival mode.
Firing a CEO who is doing his best and somehow successful - at least to keep it alive and getting better - is like firing a doctor while he is still operating a patient.
Posted via my lovely Z3005-08-20 02:10 AMLike 0 - I can appreciate him for stopping the bleeding. But its clearly clueless that he doesn't know what to do at this point. I said this once and I'll say it again and people are going to think that I'm crazy. I still think that Thorsten Heins was the better CEO. He had actually cared about the BB identity hardware and software. It just sucked that he didn't have any innovative strategies to get people on board with BB's marketing and developing.08-08-20 12:25 PMLike 0
- I can appreciate him for stopping the bleeding. But its clearly clueless that he doesn't know what to do at this point. I said this once and I'll say it again and people are going to think that I'm crazy. I still think that Thorsten Heins was the better CEO. He had actually cared about the BB identity hardware and software. It just sucked that he didn't have any innovative strategies to get people on board with BB's marketing and developing.
All Thorsten did was introduced the already-developed and already-doomed BB10 to the market like a good little boy. What else did he do?pdr733 likes this.08-08-20 12:43 PMLike 1 - I can appreciate him for stopping the bleeding. But its clearly clueless that he doesn't know what to do at this point. I said this once and I'll say it again and people are going to think that I'm crazy. I still think that Thorsten Heins was the better CEO. He had actually cared about the BB identity hardware and software. It just sucked that he didn't have any innovative strategies to get people on board with BB's marketing and developing.
I do think Chen's no longer the right guy to move the BlackBerry Enterprise Software company forward... but then I'm not sure anyone can at this point. They have always been two steps behind the competition, and operating from behind the eight ball. It's one thing to be a big fish in a tiny pond... but when the likes of Microsoft, VMWare, IBM... start swimming around in your pond. Your days are numbered.
Chen's job I think was always to find a buyer... that would pay more than what PREM could scrape the company for by going private. But they are running out of time...
Cylance was the last shot at using the cash to turn the company into a viable software company - UEM was already in decline. But Cylance hasn't done well on it's own... not sure how much it can help QNX or UEM.08-10-20 09:14 AMLike 0 -
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How would you rate John Chen?
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