What vision did TH have?
He was just trying to execute Mike's vision.
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What vision did TH have?
He was just trying to execute Mike's vision.
Stephen Elop's business experience is as deep as a packet of ketchup from KFC
I am not a fan of Mr. Chen. Or at the very least as someone who has undertaken large turn arounds and restructurings, I fail to fully understand his strategy. However, I do not believe the founders, as innovative and visionary as they were, are the solution for BB and the challenges currently faced.
What don't you understand?
Too numerous to list. Moreover, despite my own extensive experience, without detailed information, it would ultimately be speculation. Albeit speculation from experience, but speculation nonetheless. And there are better things to spend my time on.
Mike is out campaigning against the Trans Pacific Trade agreement. He says it locks in the big teck players so they will always rule the industry.
He made a so true comment about Canada and Canadians inventing many many essential tools yet never seem able to capitalize (monetize) them.
The Americans are masters at this. As an example he mentioned how the ebola Vacine was recently developed in Winnipeg then given away to pharma for free.
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Because it would be a great thing to profit from ebola. /sarcasm
On the main point, Mike and Jim built a fortune from one good idea -- a mobile push email system. If they had a similarly innovative new vision for the company, it would be a great idea to have them back, but I haven't heard anything suggesting that they do. John Chen seems to be attempting to repeat his success at Sybase (which Wikipedia describes as "an enterprise software and services company.") What's so new or innovative about that approach? If Chen can't turn BlackBerry into the kind of company he already knows, he's going to drive it into the ground. The former core business is almost gone.
Though Jim Balsillie's idea of moving more into services such as using BBM as sms 2.0 was pretty visionary. After reading Losing the Signal I am convinced he has a great business mind and less pride than Lazaridis. Alas he did not have the power to call the shots. I think Balsillie as a visionary and Chen as an operator wouldn't be such a bad thing.
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Why bring back the guys that did the holes in the boat? Heins and Chen were just trying to fill the holes to prevent the boat to sin...
Chen gave us the Passport
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I believe Chen can turn around what is listed as BBRY on Nasdaq and BB.TO on the TSX, in the context of "returning value for shareholders". BlackBerry's security / MDM / handset patents and expertise can be "monetized" to sustain profit.
BlackBerry 10 and BlackBerry handsets are irrelevant to the share price in so far as if they don't contribute in a quantifiable way (even if that is "we sell more BES licenses when we can provide an end-to-end solution with proprietary handset hardware and OS") then they keep the handset division as a 'loss leader' which supports ongoing BES sales and licenses.
The ship has sailed on making the handset division profitable in and of itself. As part of the overall BlackBerry product portfolio, it may be strategically important to keep their toes in the handset business... and for the purpose of supplying this end-to-end secure solution, keeping it may support their business better than the shortsighted "kill the handset division" idea.
How many BES licenses would they lose or MDM contracts would they fail to win if they closed the handset division? BlackBerry management can answer that question.
So, BB handsets as a profitable division in-and-of-itself: not profitable at this point, and unlikely to be unless BlackBerry takes a serious look at the way they create and market their handsets.
I still believe with the proper device mix and marketing / distribution BlackBerry 10 handsets could be profitable, but BlackBerry is not executing on any kind of plan that could make BB10 handsets profitable, and undermining the market perception of the technology (and, more disheartingly, the company itself) at every turn.
Time to implement the "Costanza" plan: do the opposite of your first instinct and maybe BB handsets will stand a chance at being sustainable.
Passport development was mostly done under Thorsten
+1000
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Mike and Jim have lost their passion in running RIM thats the main reason blackberry is where it's at today.
Chen I believed is actually doing a good job keeping this company afloat.
Chen has a mission and a limited time frame (whatever the success is).
He won't stick to the chair forever and I'd guess once the "exciting challenge" - that made him leave his planned retreat - is finished he will enjoy his comfortable life playing golf or the likes.
So while I cannot figure how Jim & Mike (especially both !) could make a come-back, there's some genuine question wondering what will be the after-Chen era. Before he came I believe there was a "built by BlackBerry career" promotion scheme. Let's pretend it lasts, what current board or C-Level would be #1 ? Ron ?
No disrespect but.... HAHAHAHAHAHAHA! No.
You mean the guy who was too busy trying to buy an NHL franchise rather than keeping an eye on competition? No thanks.
RedBerry Passport /10.3.2.2876 / Telus
Saying, "I fail to fully understand his vision" and then lobbing out "too numerous to list" when asked what you don't understand is a total cop-out. No one's asking you for the complete list, but if the items you don't understand are "numerous" then you should be able to at least list 3-4 of the most prominent ones pretty quickly.
Yeah, I just cut bait on that one.
I think I should run BlackBerry Js
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To be fair, if they did buy that team than they would have an income and a source of Advertisements, I think it was a smart idea!
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BlackBerry sponsored Raptors/Maple Leafs. Cheaper than buying a sports team, and didn't help with turning the ship around.
Not sure exactly what an Hamilton (or whatever 905 cities he had in mind) based NHL team would have done for BlackBerry
RedBerry Passport /10.3.2.2876 / Telus
Make BlackBerry Great Again
OP you must really really hate BlackBerry. ;)
*ME173X
Nope. Just some of the things that Chen is doing.
TMO Z10,STL100-3/10.3.2.2789