BlackBerry Ltd. (BBRY)
Chief Executive Officer John Chen said he’d eventually consider
spinning off or selling the smartphone maker’s BlackBerry Messenger
service once he’s built it into a more formidable competitor.
“Running a public company, anything to help our shareholders I need to take a very serious look at,” Chen said in an interview today with our source at the Mobile World Congress in Barcelona. “Today I think we need to build up that base and build up the innovation model.”
Chen’s renewed focus on the instant-messaging service, known as BBM, and the company’s business users has sparked a prolonged rally in the stock, which continued last week after Facebook Inc. (FB) agreed to pay $19 billion for rival service WhatsApp Inc. Chen, a former SAP AG (SAP) executive who joined BlackBerry in November, today unveiled a new encrypted version of BlackBerry Messenger, aimed at its core of security-minded customers.
“Running a public company, anything to help our shareholders I need to take a very serious look at,” Chen said in an interview today with our source at the Mobile World Congress in Barcelona. “Today I think we need to build up that base and build up the innovation model.”
Chen’s renewed focus on the instant-messaging service, known as BBM, and the company’s business users has sparked a prolonged rally in the stock, which continued last week after Facebook Inc. (FB) agreed to pay $19 billion for rival service WhatsApp Inc. Chen, a former SAP AG (SAP) executive who joined BlackBerry in November, today unveiled a new encrypted version of BlackBerry Messenger, aimed at its core of security-minded customers.
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