One of the first steps will be a new agreement with Chinese manufacturer
Chen, who joined
"We're no longer worrying about whether we're going to be around," he said.
"We're ready to fight back."
Chen's comments helped take the sting off an otherwise dismal set of financial results.
The company's battered stock, which had fallen initially in pre-market trade after BlackBerry's announcement, rallied after the
The stock was up
Nevertheless, BlackBerry's third-quarter results showed that BlackBerry 10 smartphones, once touted as the way to recover lost ground, have hardly been selling at all.
The company said more than 74 per cent of the 4.3 million BlackBerry devices that landed in user's hands in the quarter were its older BlackBerry 7 models.
But Chen seemed undismayed.
"Whatever it takes, we're going to make money in handsets (although) it may be a small amount of money," Chen said at BlackBerry's headquarters in
"There is a way to make this company great," he added, saying the plan involves focusing on BlackBerry's software business, its enterprise services and instant messaging software.
Meanwhile, the poor handset sales weighed on BlackBerry's revenue, which was
Adjusted losses from continuing operations, which filter out various expenses like restructuring costs, were
BlackBerry recorded a number of items related to its restructuring efforts, but the company managed to increase its cash holdings to
"The cash position we have today will definitely allow us to engineer our turnaround," Chen said.
Much of the conference call was dedicated to talking about BlackBerry's future and areas of its business that could still generate profits.
"We admit the fact that in the past maybe we haven't really lined ourselves up as we probably should have done," Chen said.
"That has affected our results (and) the market has spoken. We listened and we're going to listen even more as we go forward."
Chen said that he aims to make the BlackBerry instant messaging software BBM generate revenue by fiscal 2016. The software has signed up about 40 million users since it was made available for iPhones and Android devices in the quarter.
He also highlighted BlackBerry's QNX division, which works on technology that will fuse with automobiles, and said new technology from the division will be showcased at the Consumer Electronics Show in
Chen made it clear that he hasn't ruled out the consumer market, even though many observers had expected BlackBerry to make business users its sole focus after the failed BlackBerry 10 launch.
He said he hopes that the partnership with
Under that agreement, BlackBerry will shift much of it hardware development to Chinese electronics maker
For many people,
A year ago, BlackBerry had a small profit of
Since Chen joined BlackBerry last month, replacing BlackBerry CEO
He said parts of BlackBerry's business, including its enterprise services for organizations and its messaging products, are in good shape, and that the most immediate challenge is to improve its devices operations.
BlackBerry also cancelled its annual BlackBerry Live event in
_ with files from
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