BlackBerry after new CEO

It was the month of march, new CEO of smartphone manufacturer BlackBerry is facing hard time taking control of financial situation of the company. BlackBerry's Q4 financial results were not good as expected.There was a $4.4 billion loss. In total, BlackBerry reported losses of $0.67 cents per share on revenue of $1.2 billion, lower than $1.6 billion in the previous quarter.

Now, BlackBerry has reported total investment of US$3.1-billion at the end of the fiscal first quarter.
Mr. Chen has done a remarkable job in this regard. He has focused on cost reduction and as it's been predicted by Mr. Chen, company is starting to have positive cash flow.

BlackBerry's shares are up by 56% since the arrival of new CEO.

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“It’s really not about how good a hand you’ve been dealt,” he said. “It’s about how you do the best with the hand you have. It’s an interesting parallel with life, and it’s an interesting parallel with work for sure.” -bloomberg

Mr. Chen brought additional $1.25 billion for funding this change for Blackberry. Then a plan that will raise $500 million by selling the Canadian real estate. Now the hope of all stock holders are increasing day by day. Back then when the company's market value in 2008 was almost $82 billion, Chen has managed to cheer up some shareholder optimism even though there are competitors like Apple and Samsung. According to IDC, BlackBerry claimed 19 percent of the global smartphone market in 2010. By December of last year, it had slipped to 0.6 percent. Now after failed buyout, and additional funds for turnaround Blackberry is introducing new smartphone called Passport phone, a cross between a phone and tablet internally codenamed Windermere.

Mr. Chen displaying new BlackBerry smartphone, Passport Phone.

Since there are remark able changes going on inside as well as outside the company, new CEO's next move definitely has effects on the share price of BlackBerry. What do you feel about that? Please leave comments.