Blackberry who is it pro

Chen noted that Sybase's database code was unusually compact and decided to focus where his competitors couldn't fit — emerging mobile devices like the Palm Pilot and the Sharp Zaurus.

These early devices had very limited memory; they couldn't accommodate a 20MB database, but they could handle KB. He's being asked to do it all again at BlackBerry. Chen jokes that he accepted the job in a moment of weakness. He had spent a year at private-equity powerhouse Silver Lake after leaving SAP before concluding he was better suited for an operating role.

Its mobile network technology is considered one of the most secure and is a favorite of corporations and governments, including all seven members of the G7. It is an important player in the Internet of Things IoT — a boon, since Gartner says it expects to see 20 billion internet-connected things by , from vending machines and jet engines to connected cars.

BlackBerry's QNX automotive software is embedded in million vehicles, where protection from hacking is a safety issue. With that in mind, Chen wooed and purchased Cylance , a security software start-up that uses artificial intelligence to identify and disarm threats.

At McAfee they had a staff of 1, workers flagging , malware signatures a day, but , were coming in. The volume of dangerous software has since expanded to 1. Cylance trains machines to identify potential bad behavior — by software as well as disgruntled employees. Cylance had grown rapidly from a group of guys in a garage to 1, employees and was considering its next step: should it seek a merger, do an IPO or stay private? Permeh went to a meeting with BlackBerry still thinking of it as a mobile phone company.

He didn't believe there could be a match between a year-old hardware maker and his fast-growing start-up. But eventually the two sides converged on a common interest: BlackBerry's focus on protecting critical infrastructure and the original objective of Cylance's founders: "We wanted to protect every device," said Permeh.

The acquisition is the biggest Chen has made in his six years at the helm of BlackBerry. In , he acquired Encription, a U. From his past experience, he knows the many obstacles to shifting a company's direction. By Nov. It reported 77 million users globally during the last quarter of , demonstrating its success in global expansion.

Owing to these local losses versus global success, the stock displayed high volatility. The high volatility in the stock is attributed to several comeback attempts, corporate developments, associated recommendations by analysts, and competitor developments. Unfortunately, it turned out to be a total failure, due to its high-price, low-feature, and low-performance. The next generation BlackBerry phones were announced in , but the eventual product, the BlackBerry 10, failed to catch on.

Those plans yielded less than meaningful results. Another swing came in Jan. Hopes for a dramatic turnaround at Blackberry have been dashed repeatedly. BlackBerry is an example of the big risks associated with the highly dynamic technology sector.

None of the industry rankings, predictions, or recommendations seem to fit the BlackBerry stock play. Long-term investors have been burned, while only a few traders may have made money on the wide swings. Mobile Subscriber Market Share. Annual Reports. Accessed Sept. Smartphone Subscriber Market Share. Top Stocks. Company Profiles. Tech Stocks. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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