BlackBerry's CEO John Chen says company will return to profitibility

BlackBerry's new CEO, John Chen, says that no one should start counting his company out just yet. In an open editorial for CNBC, Chen said that BlackBerry is "well-positioned for the future," and that even though the company faced "challenging circumstances," he believes that BlackBerry will once again rise to profit.

"It was important to make swift and impact changes to ensure that our customers' investments in BlackBerry's infrastructure and solutions are secure," said Chen. "I'm surrounded by a talented team of industry leaders, including our new leaders for enterprise, corporate development and strategic planning, and marketing. In the coming weeks, I'll continue to build out my leadership team with those who have the skills and passion to get BlackBerry back on the path to profitability."

Chen went on to say that BlackBerry is still king of the enterprise market and that the public should not be fooled by the "competition's rhetoric claiming to be more secure or having more experience than BlackBerry" Chen finished up the editorial by saying: "We've accomplished a great deal in these last couple months, and we're positioned for the long haul. We have a strong cash position with more than $3 billion on hand, a renewed spirit, and trusted technology, network and platform. I believe BlackBerry has a clear lane ahead of us to create new trails as a nimbler, more agile competitor.The journey has just begun."