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BlackBerry chief John Chen ups company's survival rate by 30%

Although BlackBerry's future is still uncertain, at least its chief exec now thinks the odds are up a little from 50-50 (NASDAQ:BBRY)

| Business, Financial & Legal News | Posted: May 31, 2014 12:18 pm

BlackBerry's chief exec John Chen has claimed there's just a 20 percent chance the beleaguered company will perish. Just over half a year in, Chen said at California's Re/code conference that the odds for survival have improved to roughly 80 percent, up considerably from his earlier, gloomy estimation of 50-50.

 

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Chen did admit BlackBerry is hardly out of the fire, but he expects things to improve. "I am quite confident we'll be able to save the patient," Chen said. He declined to comment on a question from the Wall Street Journal's Walt Mossberg about turning to Android handsets. But he did say he has a "plan to make money on the handsets and the market will have to tell me whether that's a business I should or should not be in."

 

"I'll be able to create a lot of value for our shareholders even without the handset business," Chen said, according to Canadian Press, before adding that with the handset business there is a "chance to even create more."

NEWS SOURCES:Vancouversun.com

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