Chen: No BlackBerry buyout offers on table

John Chen, during a Bloomberg interview: "I don't have any offers on my desk ... If people would like to talk, I mean, talk is not an offer." (video)

BlackBerry (BBRY -2.8%) performed a strategic review last year, during which the rumor mill produced a long list of potential/would-be suitors. But the company abandoned its efforts to find a buyer in November in favor of a turnaround effort spearheaded by Chen.

Chen reiterates today he has no problem with staying independent. "I am comfortable with where the company is today, how we managed our technology, our businesses, the margins, the distribution channel or the new products that's coming out ... Whether it's going to be good enough to be iconic again, OK, that's something I need to chew on."

Last week: BlackBerry rallies after Chen talks partnership efforts

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Comments (19)
    , contributor
    Comments (2717) | Send Message
    Good stuff.
    Strategic Partnership is the better long term solution. BlackBerry will regain it's market share. Its a matter of time.
    As soon as all the nonsense predictions about Doom and Gloom is put to rest, market sentiments are eventually turned around, and consumers stop believing in the nonsense by the competition.


    Samsung and Apple are greatly threatened by BB10. I know I would, BB10 blows the competition out of the water. The Hub alone is the most innovative messaging hub in existence.


    People just don't know about it YET.
    28 Jul 2014, 02:01 PM Reply Like
  • daugherty
    , contributor
    Comments (808) | Send Message
    "Samsung and Apple are greatly threatened by BB10."


    You're either delusional, or a pumper trying to get out at the best price you can. The writing is on the wall and it ain't a pretty story.
    28 Jul 2014, 11:25 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (13791) | Send Message
    No buyout offers on the table?
    30 Jul 2014, 11:43 PM Reply Like
  • mag1205
    , contributor
    Comments (2514) | Send Message
    JC has been honest & upfront with everyone from day one. I like his honesty & his teams efforts in turning Blackberry around. JC has connections in the software & hardware industry & he is going to take his precious time to weigh all opportunities in terms of some partnership or staying independent. We longs have full trust in JC.
    28 Jul 2014, 02:04 PM Reply Like
  • protégé
    , contributor
    Comments (2) | Send Message
    I think Blackberry can be iconic again. Keep doing what it does best, plus some, become the leader in Internet of Things (while being mobility focused), and gradually expand to new products and services.
    28 Jul 2014, 02:33 PM Reply Like
  • kmi
    , contributor
    Comments (4682) | Send Message
    The more I watch what he does the more I believe he's got this locked down. This guy is finally putting the emphasis where it needs to be, its been years since even Lazaridis and Balsillie admitted and accepted Blackberry need to focus on enterprise but didn't. Dating from the Pearl if you ask me.


    All the server/ infrastructure/ backend deals being done are great, a lot of pressure is coming off the handset business, and he seems to be segmenting the business - the handsets from the software from BES from the infrastructure stuff - in a way no one did prior to him. Very astute.
    28 Jul 2014, 02:47 PM Reply Like
  • ATI nsider
    , contributor
    Comments (1244) | Send Message
    John Chen is being honest and truthful to a certain extent. He's keeping something very positive away from the media. If you have a masters in psychology, you will know what I mean.
    Keep fighting the good fight, and eventually consumers will once and for all realize BlackBerry is going nowhere but up. The media has been cruel on BBRY for the past 2 years, and consumer perception will eventually change as soon as BBRY start pumping marketing dollars into its BB10 devices and services.
    28 Jul 2014, 03:35 PM Reply Like
  • creativeink72
    , contributor
    Comments (101) | Send Message
    I would never want to play poker against JC. I too believe he has a card in his hand he hasn't shown yet!
    28 Jul 2014, 06:51 PM Reply Like
  • illsavander
    , contributor
    Comments (28) | Send Message
    C72 JC sure does look like a guy with a winning hand all the time.
    I hope, LOOOOOOOOONG BB or Bust
    28 Jul 2014, 09:58 PM Reply Like
  • daugherty
    , contributor
    Comments (808) | Send Message
    28 Jul 2014, 11:25 PM Reply Like
  • Benjamin Frost
    , contributor
    Comments (1232) | Send Message
    We're in the last days of Blackberry.
    28 Jul 2014, 05:50 PM Reply Like
  • Cageyone
    , contributor
    Comments (231) | Send Message
    So, Frost, you are privy to some facts that indicate that BB is just days away from disappearing?
    28 Jul 2014, 06:23 PM Reply Like
  • mapodga
    , contributor
    Comments (7675) | Send Message
    last days?


    No way. Now are the best in last 5 years-


    And I'm 5% from my additional buy of shares. Just to come to 9$ again.
    28 Jul 2014, 06:43 PM Reply Like
  • daugherty
    , contributor
    Comments (808) | Send Message
    Tis but a scratch.
    28 Jul 2014, 11:26 PM Reply Like
  • daugherty
    , contributor
    Comments (808) | Send Message
    "The Black Knight is a fictional character who appears in a scene of the film Monty Python and the Holy Grail. As his name suggests, he is a black knight who guards a "bridge" (in reality a short plank of wood) over a small stream - which could have been easily stepped over by King Arthur but, for unknown reasons, he does not. Although supremely skilled in swordplay, the Black Knight suffers from unchecked overconfidence and a staunch refusal ever to give up.


    Behind the scenes
    In popular culture
    See also


    In the film, King Arthur (Graham Chapman), accompanied by his trusty serf Patsy (Terry Gilliam), is travelling through a forest when he enters a clearing and observes a fight taking place between a Black Knight (John Cleese) and a Green Knight (also played by Gilliam) by a bridge over a small stream. As he watches, the Black Knight defeats the Green, throwing his sword straight through the eye slot of the Green Knight's great helm (during Arthur's battle with the Black Knight, the Green Knight's body can be seen in a ditch beside the area).


    Arthur then congratulates the Black Knight and offers him a place at Arthur's court at the Round Table, but the Black Knight only stands still, holding his sword vertically, and makes no response until Arthur moves to cross the bridge. The Black Knight moves slightly to block Arthur and declares "None shall pass". King Arthur, in a conciliatory manner, asserts his right to cross and praises the evident bravery of the Black Knight . Arthur then again moves to pass and the Black Knight moves to stand firm and declares again, "None shall pass". Reluctantly, King Arthur fights the Black Knight and, after a short battle, the Knight's left arm is severed.


    Even at this the Knight refuses to stand aside, insisting "'Tis but a scratch", later insisting that he has "had worse", and fights on while holding his sword with his remaining arm. Next his right arm is cut off, but the knight still does not concede. As the Knight is literally disarmed, Arthur assumes the fight is over and kneels to offer a prayer to God. The Black Knight interrupts Arthur's prayer of thanks by kicking him in the side of the head and accusing him of cowardice. When Arthur points out the Black Knight's injuries, the Knight insists "'It's just a flesh wound!" In response to the continued kicks and insults, Arthur chops off the Black Knight's right leg. At this point, the Knight still will not admit to defeat, instead he replies by saying, "Right, I’ll do you for that", and attempts to ram his body into Arthur's, by hopping on his left leg. Arthur is incredulous at the Black Knight's persistence, and angrily asks the Black Knight if he is going to "bleed on me" to win. The Black Knight replies by saying, "I'm invincible!" to which Arthur replies "You're a loony!" With an air of resignation, Arthur finally cuts off the left leg as well and sheathes his sword. With the Black Knight now reduced to a mere stump of a man, he says, "All right, we'll call it a draw." Arthur then summons Patsy and "rides" away, using coconuts to simulate the sound of a horse galloping, leaving the Black Knight's limbless torso screaming threats at him ("Running away, eh? You yellow bastards! Come back here and take what's coming to ya! I'll bite your legs off!")."
    28 Jul 2014, 11:36 PM Reply Like
  • scott trader
    , contributor
    Comments (7094) | Send Message
    Fond memories of Ronin and Steftheref and the Black knight..
    29 Jul 2014, 12:24 AM Reply Like
  • daugherty
    , contributor
    Comments (808) | Send Message
    Was Python using the term "loony" coincidence or prescience?
    29 Jul 2014, 11:56 AM Reply Like
  • Saigon De Manila
    , contributor
    Comments (6) | Send Message
    BB is a very good product am still missing my Playbook and one hand texting on my old qwerty. Blackberry phone is like a good housewife bump by multimedia laden bimbos. When the wife starts to go to gym her man had already filed divorce so to speak. So the wife move on with her kids and resume a career back up with good education. With JC now on the helm he knows the weakness and strong point of BB, The niche where others came short and that's where he is taking the company. Like Goodrich that evolves from tire to aerospace and industrial products. I would not be surprise if the mobile division will be eventually sold. And BB resume its leadership in its new core, IOT and security.
    28 Jul 2014, 11:01 PM Reply Like
  • scott trader
    , contributor
    Comments (7094) | Send Message
    29 Jul 2014, 12:10 PM Reply Like
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